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Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView 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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