Market Report: Housebuilders were in demand yesterday, boosted by news that the number of new homes is growing.


The Home Builders Federation announced a  12 per cent jump in residential planning permissions in the first quarter, another piece of good news to boost the sector.

Barratt climbed 9.3p to 375.9p and Persimmon was ahead 15p to 1311p, while Crest Nicholson added 11p to 345.8p and Taylor Wimpey was 1.6p  up at 113.5p.

NBNK Investments was in demand, up 1.5p at 39.5p. Speculators are excited by the prospect that some of the cash lost in the failed auction of Lloyds’ branches in 2011 could be recovered. NBNK lost out to the  Co-op Bank in the abortive auction of 630 Lloyds branches. These are now set for a £1bn float as TSB, after the sale fell through.

Activist investor Crystal Amber Fund has been building a stake in NBNK, last week passing 17 per cent, and is thought to be pressing management to recover funds lost in the botched sale process, which valued the branches at £750m. Legal action is being considered. Crystal Amber, flat at 150.75p, also disclosed it had built a 3.1 per cent stake in Johnston Press, down 0.03p to 3.9p, but is not thought to be planning to agitate.

The FTSE 100 inched closer to record highs, closing up 16.79 at 6,875.

After falling out of favour last week, precious metal miners recovered as gold prices edged higher. Fresnillo climbed 8.5p to 784p, Randgold Resources added 24p to 4380p and African Barrick Gold was 8.3p up at 224.1p.

Online fashion retailer Asos continued to slide after last week’s profit warning, down 150p to 3200p. Liberum slashed its target price forecast from £33.50 to £14.40, arguing the costs of keeping its demanding customer base happy will be too much in the long run.

Bellzone Mining, flat at 2.95p, revealed that as a result of its announced placing, China Sonangol has built up a 29.9 per cent stake. China Sonangol had been mulling a bid for the whole outfit. Leni Gas & Oil continued its stellar run on Aim, climbing 0.66p to 3.69p after finding a large oil reserve at the second of its planned 30 wells in Trinidad.

people And here is why...
Arts and Entertainment
Amazon has added a cautionary warning to Tom and Jerry cartoons on its streaming service
voicesBy the man who has
Arsene Wenger tried to sign Eden Hazard
footballAfter 18 years with Arsenal, here are 18 things he has still never done as the Gunners' manager
Life and Style
The new Windows 10 Start Menu
Arts and Entertainment
Kristen Stewart and Robert Pattinson star in The Twilight Saga but will not be starring in the new Facebook mini-movies
tvKristen Stewart and Stephenie Meyer will choose female directrs
Arts and Entertainment
Hilary North's 'How My Life Has Changed', 2001
books(and not a Buzzfeed article in sight)
ebooksAn unforgettable anthology of contemporary reportage
William Hague
people... when he called Hague the county's greatest
More than 90 years of car history are coming to an end with the abolition of the paper car-tax disc
newsThis and other facts you never knew about the paper circle - completely obsolete today
Arts and Entertainment
There has been a boom in ticket sales for female comics, according to an industry survey
comedyFirst national survey reveals Britain’s comedic tastes
Arts and Entertainment
Twerking girls: Miley Cyrus's video for 'Wrecking Ball'
arts + ents
Arts and Entertainment
Ed Sheeran performs at his Amazon Front Row event on Tuesday 30 September
musicHe spotted PM at private gig
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Trainee Recruitment Consultant - Birmingham - Real Staffing

£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...

Trust Accountant - Kent

NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...

Graduate Recruitment Consultant - 2013/14 Grads - No Exp Needed

£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...

Law Costs

Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...

Day In a Page

Ebola outbreak: The children orphaned by the virus – then rejected by surviving relatives over fear of infection

The children orphaned by Ebola...

... then rejected by surviving relatives over fear of infection
Pride: Are censors pandering to homophobia?

Are censors pandering to homophobia?

US film censors have ruled 'Pride' unfit for under-16s, though it contains no sex or violence
The magic of roundabouts

Lords of the rings

Just who are the Roundabout Appreciation Society?
Why do we like making lists?

Notes to self: Why do we like making lists?

Well it was good enough for Ancient Egyptians and Picasso...
Hong Kong protests: A good time to open a new restaurant?

A good time to open a new restaurant in Hong Kong?

As pro-democracy demonstrators hold firm, chef Rowley Leigh, who's in the city to open a new restaurant, says you couldn't hope to meet a nicer bunch
Paris Fashion Week: Karl Lagerfeld leads a feminist riot on 'Boulevard Chanel'

Paris Fashion Week

Lagerfeld leads a feminist riot on 'Boulevard Chanel'
Bruce Chatwin's Wales: One of the finest one-day walks in Britain

Simon Calder discovers Bruce Chatwin's Wales

One of the finest one-day walks you could hope for - in Britain
10 best children's nightwear

10 best children's nightwear

Make sure the kids stay cosy on cooler autumn nights in this selection of pjs, onesies and nighties
Manchester City vs Roma: Five things we learnt from City’s draw at the Etihad

Manchester City vs Roma

Five things we learnt from City’s Champions League draw at the Etihad
Martin Hardy: Mike Ashley must act now and end the Alan Pardew reign

Trouble on the Tyne

Ashley must act now and end Pardew's reign at Newcastle, says Martin Hardy
Isis is an hour from Baghdad, the Iraq army has little chance against it, and air strikes won't help

Isis an hour away from Baghdad -

and with no sign of Iraq army being able to make a successful counter-attack
Turner Prize 2014 is frustratingly timid

Turner Prize 2014 is frustratingly timid

The exhibition nods to rich and potentially brilliant ideas, but steps back
Last chance to see: Half the world’s animals have disappeared over the last 40 years

Last chance to see...

The Earth’s animal wildlife population has halved in 40 years
So here's why teenagers are always grumpy - and it's not what you think

Truth behind teens' grumpiness

Early school hours mess with their biological clocks
Why can no one stop hackers putting celebrities' private photos online?

Hacked photos: the third wave

Why can no one stop hackers putting celebrities' private photos online?