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Market wrap: Unite dives despite bullish outlook

Student housing developer Unite fell by 4.6% today, despite claims of record demand vindicating recent expansion plans.

Unite reported like-for-like increases in its portfolio and said it was not put off by a drop in demand from EU countries. The FTSE 250 developer ended the day at 1,053p, its lowest level in six months.

In real estate, just one company saw a more dramatic fall, with Capital & Regional down by 7.7% to 57.2p. The shopping centre owner has seen its value jump around this week but has maintained a general downward trend since the summer.

The FTSE 100 rose by 0.3% to 7,096 and the FTSE 250 dipped by 0.1% to 22,536.

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Image © ANDY RAIN/EPA-EFE/Shutterstock

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