Shares in insurance giant Legal & General rose this morning after it announced profit had risen by 14% on H1 2020 to £1.08bn, beating City expectations of £999m.
Legal & General Capital, its main real estate arm, saw property assets under management grow to £3.4bn from £3bn in H1 2020, with profit before tax leaping to £298m from a loss of £184m in 2020.
Its stock rose by 2.9% to 271.5p at the close.
Elsewhere, CLS Holdings was the biggest property riser across the FTSE 100 and FTSE 250 indices, with shares bumping up by 3.1% to 260.5p.
Tritax Big Box and Big Yellow Group rose by 2.4% to 216.6p and by 2.1% to 1,486p respectively.
On the blue-chip index, SEGRO was the biggest riser, gaining 2.4% to finish at 1,247.5p.
The FTSE 100 posted a 0.3% gain, at 7,124 points, while the FTSE 250 rose 0.3% to 23,348.
To send feedback, e-mail alex.daniel@eg.co.uk or tweet @alexmdaniel or @EGPropertyNews
