Homes, jobs and car dealers

FTSE indices made a nervy start after a bad night for US and Asian stock markets with oil price volatility continuing to have an impact sentiment.

“Housebuilder Barratt Developments is set for further growth as improved mortgage availability and Government help for first time buyers continue to fuel the a buoyant housing market,” says AJ Bell Investment Director Russ Mould.

“Barratt’s first half figures are impressive with pre-tax profits up by more than 40% at £295m and its second half has started strongly with total forward sales up by 13.4%. Its aim is to continue to grow in a way that meets the needs of homebuyers and shareholders alike. 

“Recruitment group Hays also reports a strong first half and pleased investors with a 5% rise in its interim dividend. Hays is mindful of increasing global uncertainties which had an impact on sentiment in some areas towards the end of the first half but generally it remains positive and sees many opportunities to grow.

“Auto Trader’s shares slumped after entities owned by private equity heavyweight Apax Europe VII sold a 23.3% stake for £852.8m. Crystal A Holdco and Crystal B Holdco continue to hold a stake of around 1.8% for administrative purposes. Auto Trader did not receive any proceeds from the placing.”

These articles are for information purposes only and are not a personal recommendation or advice.