Back
News

Market wrap: LSL drops after market surge

Estate agency LSL Property Services fell 3.6% after a record climb yesterday.

LSL’s share price soared to a seven-year high of 451p yesterday. Today it recorded the largest drop in real estate stocks, ending the session at 400p.

Elsewhere, hotel chain PPHE fell 1.28% to 1,694p. The group reported occupancy of 7.1% in the first quarter, but was optimistic for Q2 with hotels to reopen on 7 May.

Rival chain Dalata claimed occupancy of nearly double this level, at 13% in the UK, with beds going to essential services. Ireland’s largest hotel operator climbed 0.63% to 399.5p.

The FTSE 100 dipped 0.03% to 6,962 and the FTSE 250 dropped 0.21% to 22,293.

To send feedback, e-mail emma.rosser@egi.co.uk or tweet @EmmaARosser or @estatesgazette

Photo: Paul Gillis/Shutterstock

Up next…