Market wrap: Lok’nStore gains on upbeat outlook

Lok’nStore Group, an AIM-listed provider of self-storage space, saw its shares gain 8.4% in trading today. The company published interim results which centred on a 5%-plus rise in revenue to £8.97m in the six months to 31 January. It has kept premises open during the coronavirus pandemic, and said it had made “minimal” use of the government’s furloughing scheme. Revenues in March were up 8.5% year-on-year. Lok’nStore’s shares were up 45p to 580p, a post-lockdown high. Also rising during the session were Circle Property – up 7.9% – RDI REIT (7.2%) and Regional REIT (6.9%). The FTSE 100 finished the session at 5,846, up 1.6%. The FTSE 250 rose 1.7% to 15,952. To send feedback, e-mail tim.burke@egi.co.uk or tweet @_tim_burke or @estatesgazette