Lok’nStore Group shares rise

Shares in the Lok’nStore Group rose 0.93% on Wednesday after the self-storage company reported rising revenues in a trading update.

The business revealed like-for-like revenue was up 5.5% in the year ending July 13.

Lok’nStore also said it currently has seven stores under development with 338,300 sq ft of new capacity.

Additionally, three stores it bought last year in Gillingham, Wellingborough and Hemel Hempstead are all in the final phase of development and will open by early 2018.

Lok’nStore said stores in Bedford, Ipswich, Exeter and Dover are all scheduled to open towards the end of 2018.

Meanwhile, the FTSE 100 ended down 0.59% to 7,498 points.

The FTSE 250 ended 0.37% lower to 19,875 points.

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