FTSE bounces back along with UK housing market

The FTSE 100 opened upbeat this Wednesday following a strong performance over on Wallstreet. A short time ago it was up 74 points to 5936.

British house prices leapt to an all-time high in August, according to Nationwide who recognised a sharp rebound in the country’s housing market after the coronavirus lockdown.

Staying with housing, () says it’s ‘not the right time’ for dividends despite strong demand with an increase of 62% in home completion volumes in the past eight weeks. But annual profits declined 46%. 

The Gym Group () has posted a large loss for the first half of the year after being forced to close all its branches due to the coronavirus outbreak. Revenue plummeted almost 50% year on year. New joiners however was up 30%.

Among the small caps  () says gold assays from recent sampling at its Ragged Range project in Western Australia have “exceeded expectations”.

 () has signed a new contract in Israel for a BRICKLIVE tour that will run from October this year until next may.

() has announced a deal to sell its legacy oil and gas assets located in Colorado.

And finally Zephyr Energy Plc () told investors that part of its operations in Utah’s Paradox basin has been selected by the US Department of Energy for an assessment into energy.