Property maintains FTSE rally

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The FTSE rose 0.22%, or 13.7 points, to 6215.7p this afternoon as real estate stocks continued to rally.

Hammerson rose 9.27%, or 86.5 points, to 1020p following its deal to build a Marks & Spencer shop in Leeds while Persimmon rose 6.87%, or 47.5 points, to 739p. Wolseley fell 2.5%, or 17.5 points, to 681.5p after ABN Amro cut its rating from ‘buy’ to 'hold'. The Dow Jones rose 0.86%, or 108.36 points, to 12714.66c as International Business Machines rose 5.87%, or 5.73 points, to 103.4c. Intel rose 3.14%, or 0.69 points, to 22.68c while Hewlett Packard rose 2.64%, to 1.19 points, to 46.19c. Merck Co. fell 2.05%, or 1.24%, to 59.31c while Altria Group fell 1.15%, or 0.91 points, to 78.11c....

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