This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-40823898
The article has changed 3 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Help to Buy report hits housebuilder shares | |
(about 3 hours later) | |
Shares in housebuilders have fallen after a report raised the prospect of the government's Help to Buy scheme being wound down ahead of schedule. | |
The scheme - which aims to help first-time buyers - is to be reviewed, according to a report in Property Week. | |
It said the review could look at tapering the system ahead of its scheduled closure in April 2021. | |
Among the housebuilders on the FTSE 100, Persimmon and Barratt fell 4% while Taylor Wimpey dropped 3.5%. | |
The FTSE 100 index was up 6.43 points at 7,481.20 shortly before midday. | |
Shares in Merlin Entertainments rose nearly 2%, despite the firm - which owns the London Eye. Legoland and Madame Tussauds - saying recent terror attacks had led to fewer visitors to its city centre sites. | |
The company reported half-year profits of £50m, unchanged from a year earlier, although it said full-year profits were still set to meet expectations. | |
RBS shares rose 1.8% after the bank reported its first half-year profits for three years. | |
It made a profit of £939m in the first six months of the year, a big turnaround from the £2bn loss in the same period of 2016. | It made a profit of £939m in the first six months of the year, a big turnaround from the £2bn loss in the same period of 2016. |
On the currency markets, the pound was unchanged against the dollar at $1.3138 and was also flat against the euro at 1.1070 euros. | |