Market wrap: Intu – how low can you go?
Another day, another fresh low for shares in intu Properties, which traded as low as 4.5p during the session and closed at 5p, down by a fifth.
Capital & Regional, which announced in results today that its portfolio lost £121m in value last year, traded down for much of the day but ultimately closed up by 0.15%, at 199.35p per share.
CLS made a notable gain, rising by 3.3% to 268p. The office investor posted a valuation increase of £57.4m in its annual results today, alongside a near 10% rise in pre-tax profit to £159m.
Another day, another fresh low for shares in intu Properties, which traded as low as 4.5p during the session and closed at 5p, down by a fifth.
Capital & Regional, which announced in results today that its portfolio lost £121m in value last year, traded down for much of the day but ultimately closed up by 0.15%, at 199.35p per share.
CLS made a notable gain, rising by 3.3% to 268p. The office investor posted a valuation increase of £57.4m in its annual results today, alongside a near 10% rise in pre-tax profit to £159m.
Kier Group was the top riser in the FTSE All-Share, up by 28% to 130p. Its results for the six months to 31 December showed a 3.4% rise in operating profit, which the company pinned on “decisive management actions” despite a 9% fall in revenue.
At 6,705, the FTSE 100 was down by 110 points. The FTSE 250 dropped by 414 to 19,328, while the FTSE All-Share shed 59 points to 3,778.
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