STOCK WATCH

PROPERTY investment trust Capital & Regional saw shares plunge after it swung to a loss of £25.5m.

The blow came after the company, which owns seven shopping centres, took a £52.5m writedown on the value of its properties in the year to December 30.

Capital & Regional previously made a £22.4m profit in 2017.

The business’s shares fell 11.6pc, or 3.7p, to 28.2p following the announcement.

They have fallen 25pc in the past year.