Shares in Civitas Social Housing rose to a two-week high as the company published its long-awaited response to criticism from short-seller ShadowFall.
The hedge fund published an open letter last month questioning the REIT’s business dealings and disclosures over alleged conflicts of interest. Today Civitas finally addressed those accusations in a 37-page report.
Its shares rose by 1.5% to finish the day at 89.6p, their highest since late September.
Hammerson dropped by 1.2% to 32.57p – last week the company confirmed that UK and Ireland managing director Mark Bourgeois is leaving and over the weekend faced reports that all staff in its London headquarters have been placed at risk of redundancy.
LXi REIT edged up by 0.7% to 142.2p on the back of an upbeat trading update in which the company said its net asset value is likely to have risen by more than 6% in its upcoming interim results.
The FTSE 100 finished the day at 7,146, up by 0.7%. The FTSE 250 was down by 0.2% at 22,487.
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