17/03/14 Market Movements

The FTSE closed ended its longest losing streak in over 2 years after the building sector surged as the government announced plans to increase cashflow into the help to buy scheme.

George Osbourne said that the government aims to pump a further £6 billion into the scheme and will also extend the programme by 4 years. This news means the help to buy scheme will continue until 2020 and will be responsible for building a further 120,000 homes across the country.

The FTSE100 closed up 40.46 points at 6,568.35.

Stock movements
CAT stock is currently up 0.52%  at $95.87