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PSN News3 articles
FTSE 100 Edges Higher as British Land Gains Offset AB Foods, Housebuilder Slump
The FTSE 100 gained 0.12% to 10,622.06, supported by British Land's rally after raising guidance, but losses in Associated British Foods and housebuilders limited advances. The FTSE 250 climbed 0.39%.
Persimmon Shares Drop Ahead of Earnings Amid UK Housing Sector Strain
Persimmon Plc shares declined 5.5% to 1,223.5 pence on Monday, pressured by sector-wide warnings on profits and margins. The housebuilder's full-year results are scheduled for release on March 10.
FTSE 100 Recovers from Sharp Drop as Oil Price Spike Roils London
London's FTSE 100 pared steep early losses to close 0.3% lower on Monday, while the FTSE 250 fell 1.6%. A dramatic spike in oil prices above $119 a barrel, driven by Middle East conflict, triggered a broad market sell-off and renewed stagflation fears.