Persimmon (PSN), Vistry (VTY), Taylor Wimpey (TW.), Barratt Developments (BDEV), WeWork (US:WE), Associated British Foods (ABF), Restaurant Group (RTN), Watches of Switzerland (WOSG), 4imprint (FOUR), Foxtons (FOXT), XP Power (XPP), RS Group (RS1), Hilton Food (HFG) and Zotefoams (ZTF)
Shares in the FTSE 350 housebuilders rose this morning after Halifax said house prices increased for the first time since March. Persimmon (PSN) and Vistry (VTY), which also posted trading updates, were up 4 per cent in early trading, while rivals Taylor Wimpey (TW.) and Barratt Developments (BDEV) were up 2 per cent.
The value of the average UK home ticked up 1.1 per cent in October on a seasonally adjusted basis after six consecutive months of falling prices. “Prospective sellers appear to be taking a cautious attitude, leading to a low supply of homes for sale,” said Halifax. “This is likely to have strengthened prices in the short-term, rather than prices being driven by buyer demand, which remains weak overall.”
In its update, Persimmon posted a…
