Shipbroker shares fly on Iran war windfall

Shares in London-listed housebuilders, including Persimmon and Vistry, rose on Monday due to hopes for an Iran war peace deal and a potential new help-to-buy scheme to support Britain's property market. Simultaneously, shipbroker Clarksons saw shares climb up to nine per cent. This follows the company reporting record first-half performance, with pre-tax profits increasing by 39 per cent compared to last year, leading to full-year results that are expected to materially exceed previous forecasts.