Student accommodation providers, retirement home builders, other assorted REITs – the list goes on, as property-focused companies had the dubious honour of accounting for most of the 10 largest falls in London trading today.
Right behind The Restaurant Group, which lost almost 9% to close at 42.72p, was Town Centre Securities, down 8.1% to 96p, an all-time low for the REIT.
PPHE Hotel Group lost 8%, its shares finishing the session at 1,030p, while the top five fallers were rounded out by McCarthy & Stone (-7.9% at 63.8p) and Unite Group (-6.8% at 727.5p).
Elsewhere in the top 10, Shaftesbury saw the sixth steepest fall across the FTSE All-Share, ending the trading day at 517p, a fall of 6.5%. Two spots behind was Empiric Student Property, down 6.3% at 55.1p.
The FTSE 100 finished at 6,067, up 1.1%. The FTSE 250 gained 0.3% at 16,367.
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