Shares in housebuilders fell after the chancellor announced in his Budget a review of unused planning permissions. Barratt Developments was the biggest faller in the FTSE 100, down 3.7%, while Berkeley Group dropped 2.6%. Despite the falls, the UK ...
LONDON, Nov 22 (Reuters) - Britain's top share index edged higher on Wednesday as cautious investors awaited finance minister Philip Hammond's budget announcement which could shake up housebuilders, banks and insurance stocks.
Shares in EasyJet took off on Tuesday as the airline said it was benefitting from other carriers' woes. It said revenues at the start of its new financial year had been "encouraging", helped by the demise of some rival operators.
Shares in Britain's top 100 companies reached an all-time high on Friday, after buoyant sales across the services sector last month showed the economy remained resilient following the post-Brexit vote slump.
The British index rallied during the day on Tuesday, after initially forming a hammer on the hourly chart. By breaking above the 7400 level again, and proving it to be supportive, it now looks very bullish going forward.
While total sales at the FTSE 100 company rose 1.3% in the three months to October, revenues growth missed broker forecasts by a pretty wide margin (a rise of between 3% and 4% had been widely expected).