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FTSE 100 rises but housebuilders hit by Budget

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Shares in housebuilders fell after the chancellor announced in his Budget a review of unused planning permissions.Barratt Developments was the biggest faller in the FTSE 100, down 3.7%, while Berkeley Group dropped 2.6%.Despite the falls, the UK market closed higher, with the FTSE 100 ending the day up 7.68 points at 7,419.02.Outside the FTSE 100, Thomas Cook fell 8.4% after the travel company said earnings at its UK division had fallen 40% following “challenging” trading.On the currency markets, the pound rose 0.4% against the dollar to $1.3290 and was unchanged against the euro at €1.1274.
Source: BBC