The FTSE 100 opened upbeat this Wednesday following a strong performance over on Wallstreet. A short time ago it was up 74 points to 5936.
British house prices leapt to an all-time high in August, according to Nationwide who recognised a sharp rebound in the country’s housing market after the coronavirus lockdown.
Staying with housing, Barratt Developments (LON:BDEV) says it’s 'not the right time' for dividends despite strong demand with an increase of 62% in home completion volumes in the past eight weeks. But annual profits declined 46%.
The Gym Group (LON:GYM) has posted a large loss for the first half of the year after being forced to close all its branches due to the coronavirus outbreak. Revenue plummeted almost 50% year on year. New joiners however was up 30%.
And finally Zephyr Energy Plc (LON:ZPHR) told investors that part of its operations in Utah’s Paradox basin has been selected by the US Department of Energy for an assessment into energy.