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Market wrap: A lift for Countrywide but no sale update

Countrywide shares gained almost 3% in trading on Tuesday, closing at 306.3p, although they are 16% lower than their value before confirmation earlier this month that the company’s sale of Lambert Smith Hampton had been delayed because of problems receiving payment from the buyer.

Countrywide has yet to update the market on the agreed deal.

A 5%-plus lift for intu saw its shares close at 12.95p, making the shopping centre owner one of the day’s biggest risers.

Among the notable property-related fallers was online estate agency Purplebricks, which shed 2.78% to hit 105p, its lowest level this year. Capital & Counties dropped by 2.4%.

The FTSE 100 closed down 51 points at 7,382. The FTSE 250 lost 148 to reach 21,678.

To send feedback, e-mail tim.burke@egi.co.uk or tweet @_tim_burke or @estatesgazette

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