The FTSE 100 climbed for a second consecutive day, fueled by gains in the chemicals and energy sectors. However, shares of homebuilder Vistry plummeted after issuing its third profit warning this year.
Dec 24 - The UK's benchmark FTSE 100 rose for a second day on Tuesday in thin trading volumes ahead of the Christmas break, while shares in homebuilder Vistry fell after it issued its third profit warning since October.
The chemicals sector ,led broad-based gains, rising 1.3%, while industrial metal miners ,gained 0.7% tracking a rise in copper prices supported by revived hopes for additional fiscal stimulus in China. Vistry ,tumbled 16.3% to the bottom of the mid-cap FTSE 250 after the homebuilder, hurt by delays to expected year-end transactions and completions, again cut its 2024 profit estimate.
Looking to 2025, U.S. President-elect Donald Trump's arrival in the White House has prompted central banks around the globe to adopt caution over their monetary policy trajectory.
FTSE 100 Stock Market Vistry Profit Warning Homebuilding
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