Sector movers: Real estate stocks picked apart brick by brick

Some of the most defensive areas of the market came under pressure on Thursday, weighed down by a mix of negative company-specific news-flow and broker commentary, against a backdrop of rising Gilt yields. Broker commentary around the real estate space was especially downbeat, with analysts at Numis downgrading shares of Capital & Counties to 'reduce' as the real estate cycle moved further into what they termed the 'twilight' stages. Their peers at Jefferies were in a similar frame of mind, ...

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