Persimmon weighs on FTSE 100
Housebuilder Persimmon was among the biggest fallers on Wednesday, losing nearly 4% after issuing a poorly gotten trading update.It offered couple of
details in its update, but stated that sales were “in line with the prior year” and “pricing remains firm across our local markets”.
Rival builder Barratt Developments also suffered, moving 2.5%.
Energy company SSE quit early gains after it revealed it was combining its domestic business with Npower. By the end of the day it had actually lost 0.9%.
Primark owner AB Foods dropped for a second day, shedding 3.5%. On Tuesday, its shares fell practically 4% after it said that revenues at its sugar company were set to fall this year as an outcome of lower EU prices.But Marks and Spencer increased, including 1.6%after announcing its first-half results. Total sales increased 2.6 %but pre-tax revenue fell 5.3%. On the currency markets, the pound fell 0.46%against the dollar to $1.31060 and was also down 0.5 %versus the euro at EUR1.13080.