Business · 28 September 2026
UK homebuilder shares jump after government reveals new first-time buyer loan scheme
London stocks edged up on Monday as homebuilders surged following a government announcement of an equity loan scheme for first-time buyers in the upcoming budget. Barratt Redrow led the blue-chip index with a 12.9 percent jump, while mining stocks fell as copper and gold prices dropped against a stronger dollar. Oil prices also rebounded by more than 3 percent after the United States rejected an Iran peace plan.
Reported by Reuters · How we write briefs