British Equities Rebound with Real Estate Boost Amid Vistry Target Slash

British equities saw a significant rebound, driven by the real estate sector, despite ongoing declines in homebuilders like Vistry due to price target reductions. The FTSE 100 and FTSE 250 indices rose, with overall positive performance across sectors. Key acquisitions and corporate strategies also influenced market dynamics.

In a notable market turnaround, British equities bounced back on Wednesday, led by the real estate sector, even as homebuilders like Vistry continued their decline following brokerages cutting its target price.

The blue-chip FTSE 100 index achieved a 0.7% rise, marking its best performance in nearly three weeks. Meanwhile, the mid-cap FTSE 250 improved by 0.9%. Following a significant drop on Tuesday, all FTSE 350 sectors traded in the green except for household goods and home construction, which fell by 0.4% due to downward revisions by at least six brokerages including Barclays and Citigroup.

Mondi surged 4% after announcing a significant acquisition of Schumacher Packaging's assets for 634 million euros. Rio Tinto revealed plans to acquire Arcadium Lithium in a $6.7 billion deal, aiming to become the world's third-largest lithium producer. Investors now await the U.S. Federal Reserve's meeting minutes and UK GDP data releases by week's end.

(With inputs from agencies.)