* 2020 pre-tax profit down 25% (Adds analyst comment, share movement)

* Sunak to set out budget as COVID-19 lockdown starts to lift

British shares rose on Wednesday, buoyed by gains in commodity and banking stocks, while investors awaited Finance Minister Rishi Sunak's budget plan as the country tries to recover from a coronavirus-inflicted economic shock.

Persimmon on Wednesday reported a slump in 2020 profit, but Britain's second-largest homebuilder said it was targeting a full return to pre-pandemic new home completion levels next year.

JPMorgan Chase & Co is looking to sublet big blocks of office space in Manhattan, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.

Emerging Towns & Cities Singapore Ltd (ETC) on Tuesday requested that trading in its shares be suspended and the real estate developer said it would conduct a review of its contracts with Myanmar government ministries and departments.

Lamda has received strong interest from overseas and Greek developers to jointly build two seaside skyscrapers in Athens as part of a delayed 8 billion euro ($9.7 billion) project, an official said on Tuesday.

* 2020 pretax profit just below analysts' mean estimate (Adds shares, analyst comment)

Britain's third-largest homebuilder Taylor Wimpey said the 2021 selling season has started well ahead of possible additional incentives for the sector in the budget, and resumed dividend payment as promised.

Real estate brokerage firm Compass Inc published its filing for an initial public offering and revealed a 56% surge in revenue helped by a strong housing market on Monday.