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Market wrap: Housebuilders rise as Crest Nicholson lifts profit forecast

Shares in Crest Nicholson rose today, after the housebuilder raised its full-year profit expectations.

The firm said today that the UK housing market has “remained resilient to the impacts of Covid-19”, and is “set to benefit” from the measures outlined in the Budget earlier this month.

Crest Nicholson ended the session up 6.4% at 399.2p, making it one of the day’s top risers on the FTSE 250. 

FTSE 250 peer Bellway was another notable real estate performer, up 2.8% at 3,492p.

The FTSE 100 finished the day down 0.4% at 6,699 points. The FTSE 250 was also down, falling by 9.6% at 21,331 points.

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Image © Alex Hinds/imageBROKER/Shutterstock

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