BUSINESS CLOSE: FTSE climbs; House prices swell to all-time high

The Footsie has reclaimed 79 points today after hitting its lowest level in three months yesterday, partly helped by a weaker pound. 

The FTSE 100 index closed 1.35 per cent higher at 5,940.95, while the FTSE 250 rose 0.6 per cent, or 99 points, to 17,704. 

Property prices across Britain rose 2 per cent in August from the previous month, boosted by pent-up demand following the lockdown, according to new figures from Nationwide.

Natiownide said prices recovered from recent dip to reach new all-time high in August. The lender said the increase last month followed a 1.8 per cent rise in July, and it marks the highest monthly rise since February 2014.

Annual house price growth jumped to 3.7 per cent last month from 1.5 per cent in July. Across the country, the average price of a home stood at £224,123 in August, Nationwide said. 

As the nation and economy tries to get back on its feet post-lockdown, the Government has today launched its Kickstart Scheme, aimed at helping young people get into work.

Businesses can join the scheme from today, with the state paying employers £1,500 to help set up support and training. 

In company news, Barratt Developments has scrapped its special dividend for shareholders after suffering a 46 per cent drop in annual profits. 

Meanwhile, The Gym Group reported an adjusted pre-tax loss of £26.3million for the six months to 30 June, down from the profit of £7.1million.  

 

#fiveDealsWidget .dealItemTitle#mobile {display:none} #fiveDealsWidget {display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px} #fiveDealsWidget div, #fiveDealsWidget a {margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif} #fiveDealsWidget .widgetTitleBox {display:block; float:left; width:100%; background-color:#af1e1e; } #fiveDealsWidget .widgetTitle {color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px; } #fiveDealsWidget a.dealItem {float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px;} #fiveDealsWidget a.dealItem#last {margin-right:0} #fiveDealsWidget .dealItemTitle {display:block; margin:10px 5px; color:#000; font-weight:bold} #fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img {float:left; display:block; margin:0; padding:0} #fiveDealsWidget .dealItemImage {border:1px solid #ccc} #fiveDealsWidget .dealItemImage img {width:100%; height:auto} #fiveDealsWidget .dealItemdesc {float:left; display:block; color:#004db3; font-weight:bold; margin:5px;} #fiveDealsWidget .dealItemRate {float:left; display:block; color:#000; margin:5px} #fiveDealsWidget .footerText a:hover{text-decoration: underline;} #fiveDealsWidget .footerSmall{font-size:10px; padding-top:10px;} @media (max-width: 635px) { #fiveDealsWidget a.dealItem {width:19%; margin-right:1%} #fiveDealsWidget a.dealItem#last {width:20%} } @media (max-width: 560px) { #fiveDealsWidget #desktop {display:none;} #fiveDealsWidget #mobile {display:block!important} #fiveDealsWidget a.dealItem {background-color: #fff; height:auto; min-height:auto} #fiveDealsWidget a.dealItem {border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px} #fiveDealsWidget a.dealItem#last {border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px} #fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last {width:100%} #fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage {float:left; display:inline-block} #fiveDealsWidget .dealItemImage {width:35%; margin-right:1%} #fiveDealsWidget .dealItemContent {width:63%} #fiveDealsWidget .dealItemTitle {margin: 0px 5px 5px; font-size:16px} #fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate {clear:both} }

Please follow and like us:

Check Also

Opposing farmers to decide next strategy on Sunday

CHANDIGARH: Farmers will remain wherever they are for now and the next course of action …

RSS
LinkedIn
Share