Home Business NewsBusiness Miners and housebuilders get FTSE off to strong start for June

Miners and housebuilders get FTSE off to strong start for June

by LLB Editor
1st Jun 21 11:08 am

The warmer temperatures seem to be agreeing with the FTSE 100 which gets off to a strong start at the beginning of June.

Robust figures from the housing market lifted the housebuilding sector while miners were in demand as commodity prices resumed an upwards trajectory.

“The FTSE’s rise was all the more impressive when you consider it came against the backdrop of a recovery-inspired rally in sterling. A strong pound dulls the relative worth of the overseas earnings which dominate the index,” ” says AJ Bell financial analyst Danni Hewson.

“Sports fashion retailer JD Sports dismissed speculation its executive chairman Peter Cowgill might resign amid shareholder discomfort over his dual role.”

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