Business

FTSE 100 bolstered by Persimmon update

Traders in London Image copyright AFP

Housebuilder Persimmon boosted the London market after the company reported strong sales growth.

The company said private sales in the second half of the year were up 15% from a year earlier.

For the year as a whole, it completed the sale of 15,171 homes, a rise of 4%, while revenues climbed 8% to £3.14bn.

Shares in Persimmon rose 7%, and its statement helped to lift shares across the sector. Barratt Developments added 2.8% while Taylor Wimpey rose 5%.

The FTSE 100 closed at yet another high - its sixth consecutive record - rising by 5.57 points to end at 7,195.31.

Rolls-Royce was the worst performing share in the FTSE 100. It fell 4.1% to 639.5p after JP Morgan reduced its price target for the stock.

On the currency markets, the pound was little changed against the dollar at $1.2422 and dropped 0.26% against the euro to €1.1717.

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