A 2.5% slump left the index of the London market’s 100 largest companies firmly in the red at the end of the week, with just three stocks posting gains.
International Consolidated Airlines Group, B&Q-owner Kingfisher and consumer goods group Reckitt Benckiser were the only FTSE 100 companies whose share prices rose during trading on Friday.
British Land – shares in which rallied for much of this week – dropped sharply, losing close to 6% of its value, one of the steepest falls in the index.
Elsewhere in the FTSE 100, Landsec was down by 3.6% and SEGRO by 1.9%.
Shares in RDI REIT leapt by a third to 122p, bringing the stock in line with the take-private price of a recommended offer from Starwood Capital. The investment firm picked up a near-30% stake in the REIT last year, and has argued that its stock’s sizeable discount to NAV means its future now lies in private ownership.
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