FIL Ltd, a Bermuda-based company has acquired a 5.5% stake in LSL Property Services PLC

The company website says that :

“FIL Limited (“FIL”) was founded in Bermuda in 1969 and is supervised on a consolidated basis by the Bermuda Monetary Authority.

“FIL is a privately-owned group comprising of two divisions, Fidelity International and Eight Roads, with the commitment and resources to provide the investment expertise, technology and service innovation needed to help our clients achieve their financial goals.

“Fidelity International offers world class investment solutions and retirement expertise, including tailored investment solutions and full-service asset management outsourcing.

“Clients include pension funds, central banks, sovereign wealth funds, large corporates, financial institutions, insurers, wealth managers and private individuals.

“Within the FIL Group there are no material deposit-taking, market-making or investment banking entities.”

LSL shares closed the day down 1 .41% at 192.25p