Capital & Regional was property’s top faller on the stock exchange today, with shares dropping 7.69% to 62.4p.
South African real estate firm Growthpoint Properties, which owns 51% of C&R, disclosed that it contributed an R2.1bn (£97m) loss to the group’s results for the half-year ending June. Growthpoint’s NAV per share fell 7.6% during the period.
Dukemount Capital and BMO Real Estate Investments also posted share price falls, down 6.7% to 0.7p and 5.5% to 65.4p respectively.
Despite the FTSE 100 nudging up by 1.39% to 6,012.84 points, Whitbread saw its share price wilt by 3.55% to 2,364p, pushing it into the top fallers alongside Intercontinental Hotels Group and Taylor Wimpey.
IHG’s share price fell by 2.7% to 4,356p, while Taylor Wimpey slipped by 1.7% to 112.85p.
The FTSE 250 was down by 0.17% to 17,594.93 points.
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