FTSE 100 falls but Berkeley lifts housebuilders
The UK stock market fell in early trade but positive results from Berkeley lifted shares in housebuilders.
The benchmark FTSE 100 share index dropped 48.51 points, or 0.7%, to 6,704.42.
Mining shares were among the biggest fallers, with BHP Billiton down 3%, after the price of metals dropped.
In the FTSE 250, shares in Berkeley Group rose 4.6% after the housebuilder reported a 34% rise in half-year profits to £392.7m.
However, the company also said reservations were down 20% over the period, which it blamed on the higher stamp duty for buy-to-let landlords and uncertainty caused by the... read more
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