FTSE dragged down by property firms

Property firms dragged on the London market today after a cautious update from Land Securities.

FTSE dragged down by property firms
Wed, 16 May, 2007 - 12:33

Property firms dragged on the London market today after a cautious update from Land Securities.

The group topped the fallers’ board with a decline of 3%, or 62p to 1956p, as it confirmed that growth in the investment property market was slowing, despite posting a solid set of quarterly results.

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