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Market wrap: Capital & Regional up by 22%

Capital & Regional surged 22% on the London Stock Exchange after reporting rental income and covenant waivers.

The investor said 98% of the stores in its shopping centre portfolio are currently open and it has collected 51% of rent due on 29 September.

Capital & Regional has agreed covenant waivers for the remainder of the year and is also progressing a £272m development with build-to-rent funder Long Harbour at The Mall, in Walthamstow.

Its share price rose 21.95% to end the day at 45p.

Housebuilder Countryside dipped 0.81% following a 77% decline in profits in its year end results.

In the FTSE 250, flexible workspace provider IWG dived 6.46% to 269.2p and Cineworld continued its tumble, dropping 7.89% to 24.87p, its lowest level since lockdown hit.

The FTSE 100 dropped 1.73% to 5,833, and the FTSE 250 ended the day at 17,838.

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Image © Valentin Wolf/imageBROKER/REX/Shutterstock

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