Equities in London have started the week on the back foot after yet more weak data from China. Click here to find out what The Trader Nicole Elliott makes of the current markets.
IC TIP UPDATES:
Housebuilder and strategic land specialist MJ Gleeson (GLE) continues to thrive in favourable market conditions. Both its house building business, which is focused on the North, and its land development operation, which trades primarily in the South, performed well in the year to June. This helped revenues rise by 44 per cent while pre-exceptional profits more than doubled and the full year dividend is hiked by two thirds to 10p a share. We maintain our buy rating.