Nearly £1bn has been wiped off the value of Canary Wharf offices as the district falls out of favour and big names depart for buzzier parts of London in the wake of the pandemic.
First-quarter results were strong, but investors weren’t pleased with the Facebook and Instagram owner’s spending plans
A £31 billion takeover pursuit and some robust blue-chip updates helped to boost the FTSE 100 index today. Anglo American, whose interests include De Beers and the giant Woodsmith polyhalite project in North Yorkshire, is the target of Australia’s BHP. Meanwhile, shares in Barclays, AstraZeneca and Unilever performed strongly after their first quarter updates.
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