|Day Low/High||25.30 / 25.30|
|52 Wk Low/High||22.80 / 32.50|
Britain's second largest homebuilder reveals a 30% rise in first half profits
European benchmarks had seen a solid session a short time ahead of the close Wednesday after receiving a boost from a number of corporate earnings winners and renewed M&A activity.
European stocks closed higher Wednesday after mixed session.
Persimmon led U.K. house builders higher Wednesday after reporting double digit revenue growth for the first-half, driven by an ever present supply and demand disparity in the British housing market.
European benchmarks slumped Thursday after the U.S. Fed's decision to hike rates and begin unloading its balance sheet year, while the BoE's also piled pressure onto London.
Weak banks weighed throughout Europe, but the U.K.'s mid-cap index set a new record.
Big U.K. homebuilders bear the brunt of investor angst, while a regional focus has cushioned smaller players.
China is tightening monetary policy by stealth, which is bad for U.K. homebuilders.
The update sends shares in the home builder up sharply.
Risk stocks lead European markets higher after Chinese GDP comes in as expected and commodities rise
The Markit/CIPS report follows better-than-expected manufacturing-sector data on Thursday and will allay post-Brexit vote worries about a steep downturn.
U.K. real estate-focused companies got off to another good start on Friday as panic recedes and analysts take a step back.
Home builder Persimmon and REIT Land Securities lead the charge, rising sharply in London trading.
European stocks were following Asia higher in a quiet post-Christmas trading session.
European stock indices rose sharply on Tuesday after a European Central Bank board member said the bank would boost its government-bond buying program, and as the U.K. went into deflation.
European stocks were little changed to lower on Thursday as investors awaited economic data out of the U.S. and as spirits maker Diageo slumped on disappointing third-quarter earnings.
European stock indices were mixed on Tuesday as Greece moved toward a solution to its debt crisis and investors waited for Federal Reserve Chair Janet Yellen's testimony to Congress.
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