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European shares rise as British homebuilders surge on buyer support scheme
European shares edged higher on Monday, supported by a rally in British housebuilders, although gains were capped by a rebound in oil prices and elevated bond yields. The pan-European STOXX 600 was up 0.3% at 640.43 points by 0725 GMT. Most major regional bourses also traded higher. British housebuilders’ stocks surged after the government said it would confirm a new equity loan programme for first-time buyers in next month’s budget, reviving a policy designed at boosting home ownership and supporting home construction. Shares of Persimmon, Barratt Redrow, Taylor Wimpey, Vistry rose bet...
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