West End real estate owners Capital & Counties and Shaftesbury joined flexible workspace operator Workspace as some of the FTSE 250’s biggest risers today.
Their gains came after influential Jefferies analysts Mike Prew and Andrew Gill upgraded all three companies to a “buy” recommendation on their post-Covid outlook.
The pair said Capco and Shaftesbury are likely to benefit from rising footfall in their London retail and leisure sites once restrictions are lifted, while Workspace should see a boost from companies turning to flexible office space.
Shaftesbury’s shares finished the session at 614.5p, their highest since last June. With a 3.5% gain during the day, the shares posted the third-highest rise of any FTSE 250 stock. Capco was next in line, rising by 3% to hit 168.4p, also its highest since June.
Workspace was right behind Capco, adding 2.9% to close at 744.5p.
The FTSE 100 finished down 0.6% at 6,710, while the FTSE 250 was down 1.3% at 21,149.
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