Shaftesbury was among the day’s steepest fallers in the FTSE 250 after the closing of its £307m equity issue.
The West End landlord fell by 6.07% to 565p, the second-sharpest fall in the index, behind a 6.2% drop for catering company SSP Group.
Shaftesbury announced the close of the capital raise this morning. At the time the equity raise was announced, Shaftesbury said it was necessary to give the company “financial flexibility and resources to navigate the unprecedented near-term operational challenges caused by the Covid-19 pandemic”.
Capital & Counties also made the list of the biggest FTSE 250 fallers, dropping by 3.77% to 145.5p.
Housebuilders Taylor Wimpey and Barratt Developments were among the biggest risers in the FTSE 100 index. Taylor Wimpey rose by 5.8% to 159p, while Barratt Developments nudged up 3.2% to 654.4p.
The FTSE 100 ended the day down 0.87% at 6,365 points. The FTSE 250 was down 0.47% at 19,516.
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