Sector movers: Capital & Regional lifts property stocks

16th Jun 2010 13:10

Property group Capital & Regional is helping lift the real estate investment & services sector higher after announcing the appointment of John Clare as chairman and the disposal of the Manchester Evening News Arena for £62.2m.Inmarsat is leading the mobile telecoms sector lower, adding to yesterday's losses. Bank of America Merrill Lynch yesterday cut its rating on the shares from "neutral" to "underperform", saying the company will have to spend piles of cash to replace its older satellites.Top performing sectors so far todayChemicals 5,135.99 +1.19%Life Insurance 3,574.45 +1.11%Real Estate Investment & Services 1,369.48 +1.00%Electricity 6,583.22 +0.92%Health Care Equipment & Services 3,650.18 +0.86%Bottom performing sectors so far todayMobile Telecommunications 3,248.98 -1.31%Personal Goods 13,389.54 -1.18%General Retailers 1,593.60 -1.16%Construction & Materials 3,243.80 -1.08%Technology Hardware & Equipment 465.31 -0.94%