Barratt Developments, National Express and C&C

Blue-chips edged lower in early trading ahead of UK production data with investors also sensitive to US crude-oil inventories figures this afternoon and the Federal Budget Balance later.

“Home builder Barratt Developments continues to give investors confidence with buoyant sales in a strong market,” says AJ Bell Investment Director Russ Mould.

“The strength of sales has meant it has sold through developments faster than anticipated and it continues to see upward momentum on private average selling prices, allaying fears that the EU referendum might hurt the housing market.

“Bus and rail operator National Express has made a strong start to the year and is on course to hit its full-year targets. The group has been buoyed by its new rail operations in Germany but all divisions saw an increase in revenues on an underlying basis.

“Drinks group C&C’s full year operating profits lost their fizz due to a range of challenges including poor weather and increased competition. The board has proposed a 27.4% dividend, underscoring its confidence in earnings and cash generation while the initial benefits of cost savings will start to be seen in 2017.”

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