- UK and Central European property investor First Property Group said its annual profit was likely to significantly exceed market expectations of £6.8m.

Funds under management for the year through March rose 13% to £705m.

'The group is trading well across the board,' chief executive Ben Habib said.

'The markets in which we operate are generally buoyant and offering interesting investment opportunities on which we hope to capitalise.'

At 2:40pm: [LON:FPO] First Property Group PLC share price was +4p at 51.5p

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