Shares in Capital & Counties Properties rose to their highest level so far this year on Thursday, despite a downbeat trading statement earlier in the week.
A 6.9% increase meant Capco’s shares were the sharpest riser in the FTSE 250 – and at 147p per share are at their highest level since late December. The stock’s highest value since the UK entered its first Covid-19 lockdown last March was 191.7p a share in early June.
In the FTSE 100, hotel and restaurant owner Whitbread gained 4.2% to hit 3,120p per share, one of the best performances in the index. The company yesterday raised £550m through the issue of two tranches of green bonds, and will invest an amount equal to that raised in sustainable projects. The company’s finance director said the funding round “reinforce[d] Whitbread’s long-term commitment to sustainability”.
The FTSE 100 finished the day edging down by 0.06% at 6,503. The FTSE 250 was up by roughly 0.3% at 20,809.
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