FTSE snaps losing streak but Crest profits warning sinks builders – Citywire Funds Insider

The UK stock market ended a six-day losing streak but gains were stymied by housebuilding stocks after mid-cap Crest Nicholson (CRST) issued a profit warning.

After dropping 3.5% last week, the FTSE 100 gained 0.4%, or 30 points, to 7,292 despite an underwhelming move by China’s central bank to cut its key one-year prime loan rate cut by 10 basis points to 3.

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