Red across the board today, with all the major FTSE indices falling, led by the FTSE 100, which shed about 1.1% to stand at 7,452.
Shares in most property companies and REITs dropped, including a 4.5% fall for intu, which at a share price of 12.7p now has a market cap of about £180m.
Kier Group made further gains, its shares rising by almost 9% to their highest in three months. The company was the day’s second-highest riser.
Grainger’s shares were up by about 1% following its launch and completion of a placing to raise £186.7m to fuel a £305m spending spree in the private rented sector.
There was little change for Great Portland Estates, which today issued a trading update in which chief executive Toby Courtauld said the “clear outcome” of December’s General Election “is encouraging increased transaction activity in our investment markets”.
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