A rally for intu saw the shopping centre owner’s shares close up by a fifth today, rising passed 15p. The company confirmed that it will publish its 2019 results on 5 March – there have been rumours that its results announcement will be accompanied by news of a fresh equity raising.
That lift put intu comfortably at the top of the list of risers in London. Other property-focused companies to post gains included Countrywide, which rose by about 4.5% (still no news on its troubled sale of LSH, however).
Regeneration specialist U+I saw a near 2% fall, while there were also drops for St Modwen Properties and Grainger.
The FTSE 100 closed up 75 points at 7,457. The FTSE 250 stood at 21,850, up 172.
To send feedback, e-mail tim.burke@egi.co.uk or tweet @_tim_burke or @estatesgazette
