Britain’s top share index fell for a second straight day on Tuesday, with miners tracking weaker metals, and real estate investment trusts (REITs) coming under pressure after Standard Life Investments suspended trading in its UK real estate fund, Reuters reports.
The company said late on Monday that the decision was taken after an increase in redemption requests due to uncertainty following the EU referendum result. It said the suspension would end as soon as practicable and would be formally reviewed at least every 28 days.
Shares in Land Securities (LAND.L), British Land (BLND.L) and Intu Properties (INTUP.L) fell between 3.3 and 4.8 percent. The blue-chip FTSE 100 index .FTSE was down 0.3 percent in early trading after closing 0.8 percent lower in the previous session.
The UK mining index .FTNMX1770 fell 1.2 percent as prices of copper CMCU3, aluminium CMAL3 and nickel CMNI3 dropped between 0.6 and 0.8 percent.