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The headline index confounded forecasts and opened with modest gains despite the c.5% fall in Japan's Nikkei overnight.
“Home-builder Redrow (LSE:RDW) has side-stepped the slowdown in Central London’s high-priced property market by switching its focus on the outer London commuter belt where demand remains strong,” says AJ Bell Investment Director Russ Mould.
“Redrow booked record first half profits and has a record order book which is 51% up on a year ago with the traditional spring surge yet to kick in.
“Travel group Tui (LSE:TUI) is maintaining its underlying earnings forecast despite a 40% slump in bookings to Turkey following the migrant crisis in neighbouring Syria. Holidaymakers are determined to get some summer sun and heading to Spain and the Canary Islands instead.
“Specialist behavioural health services provider Cambian’s (LSE:CMBN) shares slumped after it made a further downward revision for the 2015 full-year results. The group believes if must first refocus the core business before returning to its growth agenda.”
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