- Property investor McKay Securities said annual profit more than doubled due to positive revaluations of its portfolio and higher rental income.

Pre-tax profit jumped to £43.4m, up from £17.6m a year earlier on the back of a £25.1m revaluation benefit.

Gross rental income increased by 5.1% to a historic high of £21.84m.

The company declared a final dividend of 7.2p per share, up 14.3% on-year.

'While we must remain wary of the current political environment, the markets that McKay operates in and knows so well continue to prove robust and our business is well placed to deliver further shareholder value into the futur,' chairman Richard Grainger said.

At 9:34am: [LON:MCKS] McKay Securities PLC share price was +7p at 277.5p

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