Persimmon, Barratt rise as housebuilding sector lifted as Bellway update 'supports bull case'

  • Shares in housebuilders such as Persimmon PLC (LSESN) and Barratt Redrow PLC (LSE:BTRW) rose on Tuesday after a reassuring trading update from Bellway PLC (LSE:BWY) settled nerves that might have crept in from a profit warning from smaller rival MJ Gleeson last week.  FTSE 250-listed Bellway nudged up its expectations for completed sales and average selling prices, leading to new operating profit guidance that was ahead of the consensus forecasts.