FTSE 100 builds back above 7000 with housing groups leading the charge

ftse 100 builds back above 7000 with housing groups leading the charge

Sumary of FTSE 100 builds back above 7000 with housing groups leading the charge:

  • The top flight, which fell sharply on Monday, returned above 7,000 with a gain of 6.19 points to 7,004.38.Alongside a 4% rise for British Airways owner IAG, gambling group Flutter Entertainment jumped 485p to 12,915p after broker RBC raised its target price to 16,000p.
  • Another hot sector continues to be private equity after newly-listed Bridgepoint rose a further 3.1p to 455.1p, compared with yesterday’s opening price of 350p, and blue-chip 3i Group added 4% or 43.5p to 1,255.5p.
  • Its strong start to 2021 follows strong contributions from European discount retail chain Action and Danish furniture business BoConcept as 3i’s net asset value rose 12% to 1,063p at the end of June.

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