| Market Closed - Great Britain 11:50:00 2024-05-24 EDT | 5-day change | 1st Jan Change | ||
| 4,584 PTS | -0.13% |
|
-1.14% | +7.40% |
| 04-03 | Peel Hunt expects full-year loss in challenging equity markets | AN |
| 03-01 | London stocks track global markets higher | RE |
MILAN (Reuters) - Shares in UK property-related stocks rallied on Wednesday as investors cheered data that showed UK inflation slowed faster than expected in June, which sent an index of homebuilder shares up by the most since late 2008.
By 0718 GMT, the FTSE 350 homebuilders index soared almost 7% and was set for its biggest one-day gain since November 2008. A gauge of UK real estate stocks gained over 6%, on course for its best day since February.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
FTSE UK 350(GBP) 
