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Persimmon Gains, Rexel Rises, Fresnillo Down
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares in the UK’s largest homebuilders soared on Monday after the government said it would introduce a new loan program to help first-time buyers.Persimmon Plc and Taylor Wimpey Plc, two of the other biggest beneficiaries of the previous “Help to Buy” package, opened higher by as much as 17% and 23%, respectively.
- Rexel advances as much as 4.3% on Monday following the announcement after Friday’s market close of the purchase of specialty wire and cable provider GCG. The deal is seen as a good strategic fit by analysts, improving the French electrical supplies company’s North America exposure and position in end markets such as data centers.
- Fresnillo and European miners dropped as copper and other base metals retreated after data showed slower growth in industrial profits in China.
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