Rise in property stocks slows FTSE fall

clock

The FTSE 100 index has ended the day down 9.6 points, or 0.18% to 5,430, after a small rally caused by buoyant property stocks and a better than feared start on Wall Street.

Land Securities gained 80p or 5.32% to £15.83p after the property group nearly doubled first half profits to more than £1bn and increased its dividend payment to match. The figures also buoyed British Land, which rose 24p, or 2.47%, to 997p, while Hammerson added 1.18% to 983.5p. J Sainsbury, meanwhile, fell 1.54% to 287.25p, despite reporting more recovery at its Sainsbury's chain with underlying interim profits up 14% to £168m, though group profits overall were flat at £118m. Telecoms group Cable & Wireless was also on the back foot, falling 2.5p, or 2.09%, to 117p, after it went ex-d...

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

Woodford IM hits back at FCA's enforcement action including £46m in fines

Woodford IM hits back at FCA's enforcement action including £46m in fines

WIM said it 'strongly disagrees' with the regulator's decision

Cristian Angeloni
clock 05 August 2025 • 3 min read
Regulator bans and fines Neil Woodford and Woodford IM £46m

Regulator bans and fines Neil Woodford and Woodford IM £46m

Woodford has appealed the decision to the Upper Tribunal

Cristian Angeloni
clock 05 August 2025 • 3 min read
Darius McDermott: The line between resilience and risk

Darius McDermott: The line between resilience and risk

'Trump has, for the most part, chickened out'

Darius McDermott
clock 29 July 2025 • 5 min read