Oil firms and housebuilders climb but soft drinks decline after budget

Discussion in 'Market News' started by Lily, Mar 17, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Tax changes lift oil companies but sugar tax sends Britvic and AG Barr lower

    Oil companies, housebuilders and investment companies were boosted by chancellor George Osborne’s budget speech, but news of a sugar tax sent soft drinks firms tumbling.

    The FTSE 100 rose from 6144 at the start of Osborne’s speech to close at 6175.49, up 35.52 points on the day, as business welcomed the proposed cuts in corporation tax.

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