Housebuilders drag FTSE down at week end

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The FTSE100 was down 24.60 points at 5,692.90 at the close of the week as UK property giants, including Persimmon and Barratt , slumped on the news house prices fell for a fifth consecutive month.

Enterprise Inns continued to lead the risers up 45.75 at 409.75 by the end of the day and Cable and Wireless also entered the top five up 4.10 to 149.20. However, British Airways was among the losers after problems at Heathrow’s new Terminal 5. The US had a fairly strong opening with the Dow Jones up 18 points to 12,320. The index was buoyed by the news that personal income data had beaten expectations. Consumer spending also rose by 0.1% in February. IFAonline

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