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Market wrap: TCS enjoys uptick as stocks stay steady

Town Centre Securities was among the notable real estate risers on the stock exchange today, as the FTSE 100 staged a modest rally.

TCS was up by nearly 4.7% to 90p following its trading update.

The REIT, which suffered a near-7% drop in portfolio value, criticised a cohort of well-capitalised tenants for not paying their rent during the crisis.

GCP Student Living was also one of the top real estate performers of the day, after posting a 4.4% rise to 133.6p.

Premier Inn owner Whitbread was one of the biggest fallers on the FTSE 100, with shares down 2.84% to 2,049p.

This morning the operator launched a consultation that is expected to lead to 6,000 job losses across the business.

The FTSE 100 nudged up by 0.43% to 5,829.46, staying largely stable despite the government’s new Covid-19 restrictions.

The FTSE 250 was down by 0.3% to 16,821.66.

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Image by Csaba Nagy from Pixabay

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