The FTSE 100 lost a week’s worth of gains today (11 May) as stock markets around the world dropped.
The falls, pinned by analysts on investor fears over rising inflation, saw London’s blue-chip index drop by 2.5% to 6,947 points – its only rising stock being the London Stock Exchange Group itself. The FTSE 250 dropped by 2.3% to 22,167 points, its lowest since late April.
Across the exchange real estate risers were rare, but there was a 2.15% lift for U+I as the company confirmed details of a new chief financial offer, tasked with helping to lead a turnaround of the business.
Some of the day’s sharper property falls were seen by Capco (down by 4.5%), Capital & Regional (also down by 4.5%) and Unite Group (down by 4.4%).
To send feedback, e-mail tim.burke@eg.co.uk or tweet @_tim_burke or @EGPropertyNews
