The prospect of a further delay to Brexit eased some fears of a disruptive no-de...
- The prospect of a further delay to Brexit eased some fears of a disruptive no-deal departure and sparked a rally in homebuilders and banks on Wednesday, helping London’s main index hold on to a six-month high, while midcaps outperformed.
Dublin’s main index, seen as a gauge of Brexit jitters, jumped 1.8 percent to its highest in half a year. That boosted shares in housebuilders with blue-chips Persimmon, Taylor Wimpey and Barratt all rising between 2.4 and 4.4 percent.Britain’s “big banks” including Royal Bank of Scotland, Lloyds and Barclays, also thrived.Burberry slipped 2 percent as JP Morgan analysts slashed annual core profit estimates for the luxury goods brand on Brexit-related sterling volatility.
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