Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
FTSE 250 movers: Housebuilders, property stocks rally on UK CPI data
(Sharecast News) - Housebuilders were in favour as UK data showed a bigger-than-expected decline in consumer price inflation, easing pressure on the Bank of England to keep hiking rates. Danni Hewson, head of financial analysis at AJ Bell, said: "The inflation reading has dampened the outlook for interest rate hikes in the UK, much to the excitement of investors. Two-year gilts fell from 5.079% to 4.842%, sterling fell 0.7% to $1.2937 in the space of 20 minutes and interest rate-sensitive stocks soared on the news.
"Investors are taking the view that if inflation is on a sustained downward path, then the Bank of England might be less eager to keep pushing up interest rates. The market is desperate for that pivot moment where central banks call the end to the current rate rise cycle.
Crest Nicholson surged 13%, Redrow was also higher, while Derwent, Great Portland, and British Land all gained
Hewson said: "Housebuilders had been heavily sold off due to fears a sharp rise in interest rates would destabilise the housing market. While that's certainly in motion, with plenty of people struggling with higher mortgage rates and a slowdown in property transactions, the valuations of housebuilders were effectively pricing in a deep rut.
"Today's inflation news has spurred investors with an appetite for risk to go fishing for bargains in the space in the hope that property market won't experience a severe collapse."
Market Movers
FTSE 250 (MCX) 19,287.07 3.59%
FTSE 250 - Risers
Crest Nicholson Holdings (CRST) 219.60p 13.31% British Land Company (BLND) 358.30p 10.31% Derwent London (DLN) 2,252.00p 10.28% Future (FUTR) 859.00p 10.13% Helios Towers (HTWS) 95.45p 9.65% Grainger (GRI) 252.40p 9.64% Redrow (RDW) 509.50p 9.05% Great Portland Estates (GPE) 438.00p 8.74% Synthomer (SYNT) 79.35p 8.55% Hammerson (HMSO) 25.60p 8.47%
FTSE 250 - Fallers
Babcock International Group (BAB) 307.60p -0.45% Vanquis Banking Group 20 (VANQ) 183.00p -0.22% Twentyfour Income Fund Limited Ord Red (TFIF) 97.00p 0.21% Network International Holdings (NETW) 386.20p 0.21% Dechra Pharmaceuticals (DPH) 3,714.00p 0.32% CMC Markets (CMCX) 152.20p 0.53% Senior (SNR) 170.40p 0.59% FirstGroup (FGP) 144.60p 0.63% Baltic Classifieds Group (BCG) 200.00p 0.70% Discoverie Group (DSCV) 835.00p 0.72%
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
