Property stocks give FTSE small gains

clock

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

  • 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 Investment

AIM at 30: Why advisers should take a fresh look at the UK's junior market

AIM at 30: Why advisers should take a fresh look at the UK's junior market

'We see AIM as a jewel in the crown with long-term appeal for the right clients'

Oliver Brown
clock 17 June 2025 • 4 min read
Taking the rough with the smooth: How to navigate global market volatility

Taking the rough with the smooth: How to navigate global market volatility

'Like investing, smoothing isn't one-size-fits-all'

James Tothill
clock 13 June 2025 • 4 min read
Four key questions to guide informed investment decisions

Four key questions to guide informed investment decisions

Does the story make sense?

Gabriel Sacks
clock 12 June 2025 • 4 min read