MJ Gleeson made big gains on the stock market today on the back of an upbeat half-year report in which the housebuilder posted soaring revenue and profit.
The company’s revenue for the six months to 31 December jumped by more than a third from a year earlier, to £142.6m, while profit rocketed by over 50% to £20.3m.
The stock was up by almost 6% at 780p per share, the largest real estate rise anywhere in the FTSE All-Share index.
In the FTSE 100, the most sizeable property moves were a 2.2% fall for Landsec and a 1.4% drop for British Land, both among the sharpest falls of the session.
In the FTSE 250, St Modwen rose by 4.1%, more than clawing back its losses after a tough set of results earlier in the week.
The FTSE 100 finished the day at 6,528, up by 0.07%. The FTSE 250 stood at 21,017, up by 0.1%.
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