Housebuilders are setting a very solid foundation for the FTSE 100 this morning, leading the index to a 57.8 points (0.89%) jump, to 6543.4.
Taylor Wimpey and Persimmon have soared in early trading, climbing 7.38% to 214 and 5.93% to 795 respectively. Building supplies distributor Wolseley is also doing well, 4.45% ahead to 716.50. BSkyB is leading the losses on the news of chief executive James Murdoch’s departure, falling 2.4% to 590 so far. In New York, Wall Street surged ahead on President Bush’s announcement to freeze interest rates on some sub-prime loans for five years. The Dow Jones climbed 174.93 points (1.3%), to 13619.89. AIG continues its recent boost on the back of positive sub-prime related news, climbing 5.5...
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