Jump to content
House Price Crash Forum
Sign in to follow this  
rantnrave

Builders' Shares Push Ftse To 14 Year High

Recommended Posts

Weren't there some recent articles saying that the fall in builders' shares meant a crash was imminent?


A rally in housebuilding shares briefly pushed the FTSE 100 to its highest level in 14 years.

The FTSE 100 index touched 6,877.39 at one point - its highest level since January 2000 - before falling back to 6,859.75, up 8 points on the day.

Shares in housebuilders led the way, following upbeat comments from FTSE 250 firm Taylor Wimpey.

Its shares rose 7.2% after saying it was confident it would meet or exceed financial targets by the end of 2015.

This lifted rival housebuilders in the FTSE 100, with Barratt Developments up 2.9% and Persimmon 2.2% higher.

Edited by rantnrave

Share this post


Link to post
Share on other sites

phew...QE fuelled bankers breath sigh of relief their riskiest clients, the builders, are going to hit their targets, repay their loans, and sell all their stock..

triples all round.

Share this post


Link to post
Share on other sites

Is anyone surprised when the First Time Buyer's Summit (thanks Grant Shapps/Michael Green) consisted of builders, developers, estate agents, financiers and not a single first-time buyer?

It was obvious which way it was going to go.

Share this post


Link to post
Share on other sites

Ftse 100 hasn't done anything for 15 mnths but as long as Yellen and Kuroda keep printing like maniacs there's always the risk of an upside breakout.

Edited by zugzwang

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 404 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.