Shares in St Modwen Properties slipped by 0.4% today, after the developer posted a £120.8m loss for its latest financial year.
The company’s stock ended the session at 391p. In its year-end trading update, St Modwen said it will focus on offloading assets valued at between £180m and £200m by 2023, including non-core retail and offices.
Fellow FTSE 250 developer Bellway was up 2.8% to 3,114p. The housebuilder delivered a 6.3% rise in new homes to a record total of 5,656 in the six months ending January, and expects to deliver around 9,800 in the year to July.
In the FTSE 100, the housebuilders led the top risers. Taylor Wimpey posted a 2.6% gain to 165.9p, while Berkeley Group was up 2% to 4,392p.
The index finished the day at 6,531 points, up 0.1%, while the FTSE 250 rose by 0.1% to 21,112.
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