London stocks pared back only a little of the losses suffered in a horrific day’s trading on Monday. The FTSE 100 closed up about 14 points at 5,979, while there was a 60-point increase for the FTSE 250, at 17,607.
There was a notable gain for Tritax EuroBox, which closed up 3.64% at 85.4p. The logistics investor said today that new leases and expansions across its continental portfolio could add more than €6m (£5.3m) to income in the near term.
Jefferies managing director Mike Prew said that the firm’s inclusion in EPRA’s FTSE EPRA/NAREIT Global Real Estate Index Series was “another milestone as a maturing business”.
Financier Urban Exposure posted a rise of more than 6% after confirming plans to break up the business and delist it.
Its shares closed at 69p – the company said shareholders are expected to receive 72p per share plus a final dividend of roughly a penny once the operating business is offloaded and the listed entity wound up.
Estate agency LSL dropped 2% to 280p. The firm, which is involved in ongoing merger discussions with Countrywide, posted falling profit in 2019 and warned that the spread of coronavirus appears to have led to “some slight softening of our lead sales indicators” in recent weeks.
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