Property stocks knock FTSE lower

clock

The FTSE 100 is down 17.3 points, or 0.27%, to 6,396, in early trading as property companies continue to weigh on the index.

Brewing giant SABMiller is limiting losses with a rise of 1.79% to £11.39, following a strong trading update, while British Airways is up 1.39% to 510.5p, and HBOS has added 0.85% to £10.65. Miner Kazakhmys is also up 0.68% to £11.82, while Vodafone has advanced 0.65% to 139.4p, although Scottish & Newcastle is dragging the index lower with a fall of 2.51% to 583.5p, and Man Group has dropped 2.14% to 547.5p. However property groups are posting the biggest losses with Land Securities Group falling 2.53% to £21.23, closely followed by British Land is down 2.29% to £15.35, and Liberty Int...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

UK inflation rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read