Property, retail boost FTSE

Property and retail shares rallied today as investors clung to much-needed positive news from both sectors.

Property, retail boost FTSE
Mon, 14 Jan, 2008 - 11:34

Property and retail shares rallied today as investors clung to much-needed positive news from both sectors.

Hopes for a forecast-busting sales rise from Debenhams caused its shares to rally 11%, while Hammerson was 6% higher – up 56p to 989.5p – after it said Marks & Spencer had agreed to anchor its proposed Eastgate scheme in Leeds.

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