Premier Inn owner Whitbread saw one of the sharpest climbs in the FTSE 100 despite revealing further drops over the winter period.
The company reported UK accommodation sales down 55.2% for the third quarter, with occupancy at 49.3%. It confirmed it had cut 1,500 jobs at restaurants and hotels, down from a potential 6,000 jobs. Whitbread stock ended the day up 4.31% to 3,192p.
FTSE 250 Taylor Wimpey rose 2.48% to 165p, despite reporting profits of £293m, down 65% from a year earlier. The housebuilder was optimistic and highlighted an increase in land acquisitions at the end of the year.
Savills jumped 3.15% to 1,015p after announcing performance at the “upper end of expectations”, boosted by the UK and Asia markets.
The FTSE 100 rose 0.84% to 6,802 and the FSTE 250 climbed 0.77% to 20,776.
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