Mondi jumps on Schumacher Packaging39;s assets deal
CMC Markets39; first half income up 45, stock slides
FTSE 100 up 0.7, FTSE 250 adds 0.9

Oct 9 Reuters British equities mostly rebounded on Wednesday, with the biggest boost from the real estate sector, while homebuilders extended declines from the previous session after brokerages cut Vistry39;s target price.

The bluechip FTSE 100 index climbed 0.7 to clock its best day in nearly three weeks, while the midcap FTSE 250 was up 0.9. The benchmark index notched its biggest singleday percentage drop in two months on Tuesday.

All FTSE 350 sectors traded in the green, except household goods and home construction which fell 0.4 after at least six brokerages including Barclays and Citigroup cut their target price on Vistry Group.

The homebuilder39;s shares slumped by 24 in the previous session after a profit warning.

The gains were driven by the real estate sector which rose 0.9 while construction and materials sector jumped 2.3.

Among individual stocks, Mondi advanced 4 after the paper and packaging firm agreed to buy Schumacher Packaging39;s German, Benelux and UK packaging assets for 634 million euros 696 million, including debt, to expand in Western Europe.

CMC Markets ended with a 0.5 decline, having advanced earlier in the day after the trading platform forecast a 45 rise in firsthalf net operating income, buoyed by cost cuts and sustained levels of trading activity.

In other news, Rio Tinto said it would buy…