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Economics

House builders surge again

The FTSE 100 rose on Friday after five days of declines, with house builders strong after Berkeley Group said results would be at the top end of expectations.

Garry white employee

by
Garry White

in Economics

06.12.2013

 House builders surge again

The FTSE 100 rose on Friday after five days of declines, with house builders strong after Berkeley Group said results would be at the top end of expectations. Unilever shares jumped after the group unveiled plans to streamline its product range.

Employment data released in the US was strong, boosting Wall Street.

The FTSE 100 was up 0.7% in afternoon trading.


FTSE 100

Petrofac +3.6%
The shares rebounded from sharp falls on Thursday following a rumour management would cut long-term targets.

Royal Dutch Shell +2.2%
HSBC initiated coverage of the oil group with an "overweight" rating.

Lloyds Banking Group +1.4%
The bank has sold a portfolio of non-performing Irish mortgages for £275m.

Unilever +1.1%
The consumer products group said it would cut the number of products it sells by 30% by the end of next year to become more efficient.

AB Foods +0.7%
Sales at its Primark business are still growing, management said at its AGM.

AMEC +0.1%
The project management and construction group won a £158m contract in Kuwait to provided services at an oil refinery.

AstraZeneca +0.1%
The pharmaceutical group has received European approval for a nasal flu vaccine.

FTSE 250

Berkeley +8.6%
The house builder said that its full-year numbers would be ay the top end of analysts expectations.

 

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