Share indices in the week to 2 March 2000
The results season is in full swing and the strong performances of housebuilders are pleasing the City.

Persimmon, Redrow and Wilson Connolly all posted healthy figures and are getting the thumbs-up from pundits.

Despite the bad weather hitting sales, they all reported higher than average prices and improving profits.

Now with the weather improving, things look even better for this year.

Analysts particularly liked the positive noises coming from the companies about strong house sales. Add to this the likelihood of further interest rate falls and the good times appear set to continue.

Redrow stocks rose 2.5p to 241.5p after it posted results and Persimmon's rose 5.5p to 333.5p the day after it announced a pre-tax profit of £104m for last year – up 28% on 1999.

The company said sales since January had been strong with demand outstripping supply.

Persimmon also unveiled plans for Beazer once it is swallowed up.

Analysts were in raptures. The only cloud on the horizon is the risk that the cost of the takeover will be more than expected.

As one analyst said: "A great company but a few risks suggest investors should hold back a little."