Housebuilders saw some of the largest increases today, in an upbeat market following fresh promises from prime minister Boris Johnson to support “generation buy”.
Johnson has vowed to help some two million into homeownership, with proposed 95% LTV mortgages to help boost affordability across the country. All the major housebuilders reported increases, with the biggest hikes from Crest Nicholson up 5.83% to 218p, Vistry up 3.4% to 624p, and Redrow up 3.15% to 1,476.38p.
Elsewhere, Harworth Group fell by 4.09% to 89p, after revaluations saw the strategic land developer pushed into the red.
FTSE 100 hoteliers Premier Inn owner Whitbread rose 5.62% to 2,312p and Intercontinental Hotels Group was up by 5.62% to 4,307. Both hotels owners have maintained steady climbs since the start of the month, following large drops last month.
In the FTSE 250, Cineworld stocks made gains, up by 10.32% by 27.8p, after losing more than a third of its value yesterday after the company confirmed it will close its cinemas indefinitely this week.
The FTSE 100 rose 0.12% to 5,950 and the FTSE 250 ended the day up 1.22% at 17,797.
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