Some major companies that impact many people’s lives in one way or another are today talking about how well they’ve been doing.
The country’s biggest housebuilder, Barratt Redrow, said cheaper and more widely available mortgages meant it was beginning to see more stable market conditions but “demand continues to be sensitive to the wider economy”.
Government promises of planning reform and the reintroduction of housebuilding targets are good for its business.
The update has resulted in Barratt Redrow’s share price being one of the top risers of the FTSE100 with an increase of 3.15%. Housebuilders in general have benefitted following the update.
It’s also been a good day for the maker of Dettol, Nurofen and Durex products, Reckitt Benckiser. Its share price is the third biggest riser on the FTSE 100 – up nearly 3% after it announced it was “sharpening” its portfolio, simplifying the organisation and improving shareholder returns.
Meanwhile, Heathrow’s record breaking year continues. Europe’s busiest airport had the busiest summer ever with record travellers passing through in June, July, August and September.
It was thanks to “iconic music stars” such as Taylor Swift visiting the UK, bringing late summer spike in departures.
The price of oil is up to $75.64 for a barrel of the benchmark Brent crude while the pound has dipped below $1.30 for the first time in a week. Sterling held strong against the euro with one pound buying €1.20.
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