FTSE 100 Rises Led by Homebuilders

2026-09-28 07:35 By Agna Gabriel 1 min. read

The FTSE 100 traded higher on Monday, following a modest gain in the previous session, as UK homebuilders surged on expectations surrounding the revival of the Help to Buy scheme.

Barratt Redrow jumped nearly 15%, Howden Joinery added 5.1%, and Kingfisher rose 4.2%.

Chancellor John Healey is due to address the Labour Party conference ahead of next month’s budget, with the proposed Help to Buy revival offering loan guarantees to support first-time buyers purchasing new-build homes.

Market sentiment was tempered, however, after US President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, reversing some of the optimism that supported markets late last week.

Oil prices rose, lifting Shell and BP by around 1% each.

Mining stocks fell broadly, with Fresnillo, Endeavour, Antofagasta, Anglo American, Glencore and Rio Tinto down between 1.8% and 5.5%.

Entain fell more than 2% despite maintaining its guidance.



News Stream
FTSE 100 Rises Led by Homebuilders
The FTSE 100 traded higher on Monday, following a modest gain in the previous session, as UK homebuilders surged on expectations surrounding the revival of the Help to Buy scheme. Barratt Redrow jumped nearly 15%, Howden Joinery added 5.1%, and Kingfisher rose 4.2%. Chancellor John Healey is due to address the Labour Party conference ahead of next month’s budget, with the proposed Help to Buy revival offering loan guarantees to support first-time buyers purchasing new-build homes. Market sentiment was tempered, however, after US President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, reversing some of the optimism that supported markets late last week. Oil prices rose, lifting Shell and BP by around 1% each. Mining stocks fell broadly, with Fresnillo, Endeavour, Antofagasta, Anglo American, Glencore and Rio Tinto down between 1.8% and 5.5%. Entain fell more than 2% despite maintaining its guidance.
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