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Help to Buy report hits housebuilder shares | Help to Buy report hits housebuilder shares |
(about 5 hours later) | |
Housebuilders were the biggest fallers on the 100 share index throughout Friday after a report raised the prospect of the government's Help to Buy scheme being wound down early. | |
The scheme - which aims to help first-time buyers - is to be reviewed, according to a report in Property Week. | The scheme - which aims to help first-time buyers - is to be reviewed, according to a report in Property Week. |
Among the housebuilders on the FTSE 100, Barratt fell almost 5% and Persimmon and Taylor Wimpey about 4%. | |
The FTSE 100 index closed up 36.94 at 7,547.63 points. | |
Shares in Merlin Entertainments were the best riser, closing up 6%, 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. | 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 2% 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 reversed gear against the dollar after the US jobs report came in stronger than expected, it ended in London down 0.78% at $1.3037. | |
After flirting with new nine-month lows against the euro around 1 euro 10, it ended up 0.26% at 1.1097 euros. |