The FTSE 100 fell by over 1% when it opened as housing data showed the credit crunch is forcing homeo...
The FTSE 100 fell by over 1% when it opened as housing data showed the credit crunch is forcing homeowners to rent out property they are unable to sell. The Royal Institution of Chartered Surveyors (RICS) said estate agents had received instructions to let properties at their fastest pace since the survey began in the second quarter. On a sector basis the biggest losers in the index were financials that dropped 1.99% and basic materials (-1.78%) whilst the utilities decreased the least with a loss of 0.03%. Next, Scottish & Southern and Smith & were the biggest upward movers whilst Wol...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
