Shares in hotel and restaurant group Whitbread were among the heaviest fallers in the FTSE 100 today after the group posted a record £1bn annual loss.
Whitbread said that its loss over the year to March was due largely to a write down on its Germany portfolio, and committed to ploughing £350m this year into opening up to 3,000 new rooms in the UK and 2,000 in Germany. Its shares closed down 3.3% at 3,297p.
The day’s biggest real estate rise came from Caledonian Trust, up by 4.8% to 130p, its highest since mid-February.
The FTSE 100 finished the day down 0.3% at 6,944. The FTSE 250 closed down 0.6% at 22,433.
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