Staff of Reuters Read for 2 minutes A guy walks by the London Stock Exchange in London, Britain, on August 24, 2015, sheltering under an umbrella. REUTERS/File Photo/Suzanne Plunkett (Source: Reuters) On Tuesday, the FTSE 100 in London nudged higher, powered by advances in homebuilders, as mounting instances of a new coronavirus type in Europe and Asia fanned concerns about a weaker economic recovery. Taylor Wimpey was the highest gainer on the blue-chip FTSE 100 index, which increased 0.2 percent. Homebuilders jumped 0.6 percent after mortgage provider Nationwide said that home prices in the United Kingdom rose 13.4% in June compared to the same month the previous year, the largest annual increase since November 2004. The domestic mid-cap index remained unchanged. Barratt Developments increased by 0.5 percent after appointing Mike Scott as its chief financial officer. Scott is the finance director for Countryside Properties right now. On Tuesday, global sentiment worsened, with most Asian stock markets falling on fears that new coronavirus infections in the region could jeopardize the region’s economic recovery. [MKTS/GLOB] UDG Healthcare rose 0.5 percent after it said that private equity firm Clayton, Dubilier & Rice has increased its bid to buy the London-listed company to 2.76 billion pounds ($3.83 billion), 5.6 percent higher than its previous offer. Shashank Nayar contributed reporting from Bengaluru, and Subhranshu Sahu edited the piece. Continue reading
