George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’View Video
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America
Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin AmericaView Video

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BUZZ-UK property stocks: soar as Conservatives head for election victory

Fri, 08th May 2015 07:41

** Housebuilders on a tear as British election results pointto Prime Minister David Cameron's Conservatives poised for a return to power without need of a formal coalition

** Berkeley Group the clear outperformer, up 9.1pct, on course for biggest one-day rise since Dec 2013 & 2nd-topFTSE 250 riser, with Labour's "mansion tax" having beena particular cause for concern for London housebuilders

** Estate agents Savills & Countrywide third& fourth-top UK midcap risers, both up >8 pct

** Gains seen across the sector, with the Thomson Reuters UKHomebuilding index up 6.3 pct at a record high& on course for its biggest one-day rise in c.2 yrs

** Index had fallen some 5 pct from a mid-April peak untilThursday's close; Labour's "use it or lose it" policy fordevelopers who own land that could be used for homes had alsounnerved investors (RM: tricia.wright1.thomsonreuters.com@reuters.net)

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