FTSE 250 movers: Property shares soar on May news

Property shares in the FTSE 250 rejoiced at some much needed certainty post Brexit referendum result as it looked like Theresa May would become the UK's next prime minister.

St Modwen, UK Commercial Property Trust, F&C Commercial Property Trust all soared on the news.

Builders Crest Nicholson and Galliford Try also rose. May has identified tackling the UK's housing shortage as a key priority.

FTSE 250 - Risers
St. Modwen Properties (SMP) 255.20p +9.25%
OneSavings Bank (OSB) 216.20p +8.37%
IP Group (IPO) 157.80p +8.08%
Crest Nicholson Holdings (CRST) 411.30p +7.70%
Workspace Group (WKP) 656.00p +7.54%
UK Commercial Property Trust (UKCM) 79.10p +7.47%
F&C Commercial Property Trust Ltd. (FCPT) 121.40p +7.43%
Kaz Minerals (KAZ) 135.60p +7.28%
Galliford Try (GFRD) 889.00p +7.17%
Paragon Group Of Companies (PAG) 260.00p +7.17%

FTSE 250 - Fallers
UBM (UBM) 627.00p -0.95%
CMC Markets (CMCX) 288.30p -0.86%
IMI (IMI) 969.50p -0.56%