Shares in LSL Property Services soared again on Wednesday, after the company published a set of results that it said underlined an “exciting future” for the business.
Annual pre-tax profit grew by a third at the estate agency group, despite a drop in revenue. The company’s shares shot up by almost 14% to 415p, a seven-year high.
LSL’s stock has been rising steadily over the course of 2021, with a notable jump last week on news of a £200m mortgage broking tie-up with Pollen Street Capital.
Wednesday also saw sharp share price rises for One Heritage Group (up 12.5%), Property Services Group (up almost 10% to 234p, matching its all-time high) and Hammerson (rising by 4.15%, one of the best increases in the FTSE 250).
The FTSE 100 finished trading at 6.963, a rise of 0.3%. The FTSE 250 was almost flat at 22,439.
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