Home REIT, an investment firm focused on accommodation for the homeless, hit its highest stock price since last October’s IPO today (2 December).
Its stock closed at 119p a share, up by 2.6%. Earlier today the company announced a new funding line from Scottish Widows.
Flexible office operator Workspace Group posted one of the biggest rises among real estate stocks. The company, which last month swung back into the black with a £3.4m interim profit, rose by 3.6% to 848.5p per share. That made it the second-best-performing stock in the FTSE 250.
Hammerson edged up by 1.5% to 31.86p after a trading update that said the company expects to make a £60m adjusted profit this year, “assuming no further periods of Covid-related disruption in December”.
The FTSE 100 ended the session at 7,129 points, down by 0.6%. The FTSE 250 closed at 22,684, a drop of 1%.
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