Shares in real estate investor Raven Property Group slumped by a further 16.5% today (3 March) as the war in Ukraine continued and investors fled holdings exposed to Russia.
Raven owns 20m sq ft of warehouses and more than 500,000 sq ft of offices in Russia. This week, the company said it was “deeply shocked and saddened” by the “tragic consequences” unfolding in Ukraine.
The company’s shares finished the session at an all-time low of 8.35p. Raven has lost two-thirds of its value since Russia invaded Ukraine last week.
The London Stock Exchange said today it has suspended trading in depositary receipts from 27 entities with links to Russia, including Sberbank, Rosneft and Gazprom.
The FTSE 100 lost 2.6% to close at 7,238 points, while the FTSE 250 dropped by 3.5% to 20,079 points.
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