UPDATE 1-Homebuilders push British stocks higher, rising COVID-19 cases weigh [Reuters]
BRITISH LAND CO S/ADR (BTLCY)
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Source: Reuters
A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. REUTERS/Suzanne Plunkett/File Photo June 29 (Reuters) - London's FTSE 100 rose on Tuesday, led by gains in homebuilders and heavyweight financials, while rising cases of a new COVID-19 variant in Europe and Asia stoked fears of a slower economic recovery. The blue-chip FTSE 100 index (.FTSE) rose 0.4% with Barclays (BARC.L) and British Land (BLND.L) among the top gainers. Homebuilders (.FTNMX402020) advanced 1.6% and were the top gainers after mortgage lender Nationwide said British house prices rose by 13.4% in June compared with a year earlier, the biggest annual increase since November 2004. read more "Cheap interest rates and the availability of low deposit deals have undoubtedly fuelled price hikes despite the country being slap bang in the middle of a pandemic, which has impacted people's economic health," said Danni Hewson, an analyst at AJ Bell. "But that pandemic
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