LondonMetric falls after Berenberg cuts target on Picton update
LondonMetric Property shares slipped in London on Wednesday after a broker cut its price target, while the FTSE 100 landlord reported new steps on its planned joint offer for Picton Property Income. LondonMetric, a REIT and listed landlord, is in the spotlight as investors weigh both asset values and its dealmaking with UK property stocks still reacting to interest-rate views. UK equities slipped earlier after May inflation sat at 2.8% and attention turned to the Bank of England’s decision set for Thursday.