An upbeat trading update from Persimmon wasn’t quite enough to support the housebuilder’s stock, which dropped by 2.6% on Tuesday – one of the sharper falls in the FTSE 100.
The company said this morning that business was normalising after the disruption of the Covid-19 pandemic, although it warned of rising build costs. Its stock closed at 2,650p.
Savills’ shares were almost flat, nudging down roughly 0.1%, or 1p, to 1,419p. The company issued a trading update this morning in which it said it expects full-year profit to be ahead of 2019, driven by activity in the UK and Asia Pacific.
Sirius Real Estate was among the day’s biggest winners – the third-highest rise in the FTSE 350. Having fallen yesterday as the company launched a discounted share sale to fund its latest corporate acquisition, its stock rebounded today, up by 4.7% to 138.9p to an all-time high.
The FTSE 100 closed at 7,274, down 0.4%. The FTSE 250 was down 0.7% at 23,367.
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