Market wrap: Foxtons up as agency raises £22m in share sale

After a notable slump earlier in the week, when it lost a quarter of its value, estate agency Foxtons made the biggest gain in the FTSE All-Share index on Friday. The company, which announced and completed a £22m share sale today, saw its stock finish the session more than a fifth higher at 47p. Foxtons said the money raised would be used to repay a £5m credit line and give it “sufficient liquidity and flexibility” as the UK lockdown continues. Joining Foxtons among the day’s highest risers were Cineworld and pub operator Mitchells & Butlers. There were sizeable falls for Schroder European REIT, down 8% at 68.6p, and AEW UK REIT, down 5.8% at 58.5p. The FTSE 100 finished the day 2.8% higher at 5,786. The FTSE 250 rose by 3.1% to 15,859. To send feedback, e-mail tim.burke@egi.co.uk or tweet @_tim_burke or @estatesgazette