FTSE 100 opens higher ahead of Christmas break; Vistry slumps on profit warning – Market Report [Video]

London’s FTSE 100 opened higher in a shortened Christmas eve session, adding 32 points to reach 8,134 in opening trades.

Endeavour Mining led the early risers, as the likes of Associated British Foods, Next and Weir Group also racked up gains.

US markets also enjoyed a positive performance on Monday following steep declines last week as investors looked towards any last-ditch hopes for a seasonal Santa rally.

In company news, Vistry Group has warned on profits for a third time this year, this time relating to delays over completions and signing off transactions. The housebuilder had already cut guidance twice due to cost overruns in its south division but reduced it by another £50 million today due to the delays.

Kooth has announced a $1.45 million contract to provide mental health support to students across New Jersey in the US. The AIM-listed firm said its Soluna platform will offer self-guided tools, content and activities to some 50,000 students aged 13 to 18 under a pilot programme.

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