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(Open): Shares in Redrow rose 2.5% after the housebuilder reported a 63% rise in full-year profits to £70m and said it was reinstating its dividend.
Confidence in the market was returning, it said, adding that the Help to Buy scheme had made a "significant contribution to forward sales".
The FTSE 100 index was up 3.69 points at 6,573.86.
Investors are expected to remain cautious ahead of the latest statement from the US central bank.
The Federal Reserve is expected to announce it is scaling back its $85bn-a-month stimulus programme.
Shares in engineering company Smiths Group rose 3.3% after it announced a special dividend of 30p.
The company also reported a slight rise in annual operating profits to £560m, with revenues up 2% to £3.1bn.
On the currency markets, the pound rose 0.1% against the dollar to $1.5919, and also rose 0.1% against the euro to 1.1919 euros.
Source: BBC News - Business http://www.bbc.co.uk/news/business-11899862#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
