The FTSE 100 is slightly up with gains of 2.3 points, or 0.04%, to 5,509.5, as tobacco stocks have fallen on a ratings downgrade but property stocks including British Land have risen following a report that Abu Dhabi's royal family may buy one of the company's property portfolios.
Tobacco stocks have weighed on the benchmark, with British American Tobacco falling 13p, or 1.02%, to 1,262p, while Gallaher has dropped 4.5p, or 0.51%, to 882.5p, after Lehman Brothers cut its recommendations on both stocks. But British Land is performing well with gains of 11.5p, or 1.18%, to 990p, after reports the Abu Dhabi royal family may buy a portfolio that includes Plantation Place in London's financial district. Elsewhere, Liberty International has gained 5p, or 0.52%, to 974.5p, while Hammerson has added 1.5p, or 0.16%, to 962.5p. But Land Securities is not off to such a good...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
