The scheme will see 328 homes built near Norwich Airport after objections were withdrawn.Read more
The FTSE 100 has opened 0.61% higher at 6,903.69.
.A strong trading statement by Taylor Wimpey (see our earlier post at 7:10am) sent the housebuilder's share price to the top of the blue chip risers, up 3.81% at 145.75p.
Sainsbury's, which has reported weaker than expected Christmas sales, saw its share price fall by 1.1% to 222.8p.
The FTSE 250 is ahead, up 0.76%, at 18,314.66.
Among the other retailers reporting today, Ted Baker's share price rose 6.75% to £17.30 while Greggs' jumped 6.22% to £14.50.
Taylor Wimpey says its trading performance for 2018 remains in line with expectations, due to a stable housing market, despite an uncertain macroeconomic and political environment.
The housebuilder said total home completions increased by 3% to 14,947.
Average selling prices on private completions increased by 2% to £301,000, up from £296,000 in 2017, with the overall average selling price remaining flat at £264,000.
"Trading was robust despite, as previously reported, seeing some signs of increasing customer caution towards the end of 2018 in London and the South East," said Taylor Wimpey.
The housebuilder said its outlook for 2019 was positive, thanks to healthy employment trends, and the fact that first-time buyers are still able to benefit from the government's Help to Buy scheme until 2023.
Housebuilding giant Taylor Wimpey says it has noted some wariness among customers in the run-up to Brexit.
In its latest update, the company said that while indicators for future sales were solid, it had seen "some signs of customer caution", particularly in the south east of England.
It said this was "due to heightened political and economic uncertainty".
However, Taylor Wimpey said the UK housing market had remained stable in the second half of 2018.
"Customer demand for new build homes continues to be robust, underpinned by low interest rates, a wide choice of mortgage deals and the Government's Help to Buy scheme," it said.
For the year to date, sales rates have "remained strong" at 0.81 sales per outlet per week, which is unchanged from last year.
"We expect next year's volume to be broadly flat in current market conditions," it said.
Taylor Wimpey's interim pre-tax profits rose 46.8% to £301m due to a reduction of exceptional charges and strong customer demand for new homes.
The house builder says it is optimistic about the future as "employment prospects remain positive and mortgage availability is good" and it has a strong UK order book of 9,241 homes valued at £2,175m, excluding joint ventures.
Taylor Wimpey said that although the extreme weather conditions in the first quarter of 2018 had impacted construction and therefore first-half revenues - down 0.4% at £1.7bn - it had managed to catch up with construction and therefore remained on track with its current outlook.
Its shares rose 0.49% to 172.9p.
Taylor Wimpey says that it will set aside £30m to replace aluminium composite material (ACM) cladding - which is similar to the material used on Grenfell Tower.
The house-builder said: "In light of the Grenfell tragedy in June 2017, we completed a review to identify all legacy and current buildings with aluminium composite material cladding."
It said: "Whilst each example is slightly different, and this is an exceptionally complex issue, we have in a number of cases agreed to support customers both financially and practically with removal and replacement plans, even though the buildings concerned met the requirements of building regulations at the time construction was formally approved.
Taylor Wimpey says: "We have taken this decision for buildings constructed recently because we believe that it is morally right, not because it is legally required."
Welcome to Business Live and a very busy day for company results.
Energy giants BP and British Gas-owner Centrica are reporting their financials this morning - Centrica's boss Iain Conn is on Radio 4's Today programme at around 7.15am.
Mining and commodities groups Glencore and Fresnillo will also reveal their latest figures.
Housebuilder Taylor Wimpey and building supplies firm Travis Perkins will give snapshots of the property market while holiday group Thomas Cook and baker Greggs will also publish updates.
We’ll also get the first results from the banking groups, in this case Standard Chartered. Barclays, Lloyds and RBS report later this week.
As always, we'd love to hear from you. Email us at email@example.com