Intu Properties PLC (ITUJ.J)
Intu Properties Plc on Thursday named Corporate Development Director Dushyant Sangar as chief investment officer, as the shopping centre operator aims to trim debt.
May 9 Intu Properties Plc on Thursday named Corporate Development Director Dushyant Sangar as chief investment officer, as the shopping centre operator aims to trim debt.
* Intu slumps after poor forecast (Adds company news items, updates to closing prices)
The new chief executive of Intu Properties Plc cut the shopping centre operator's rental income forecast on Friday, blaming a string of retail collapses and uncertainties stemming from Brexit for slowing down new lettings.
* Company sees "challenging" 2019 (Adds shares, details on outlook)
May 3 Britain's main index inched up on Friday, after three sessions in the red, as a profit beat lifted HSBC and miners jumped after Tesla said it expects global shortages of copper. Intu Properties weighed down midcaps after an annual target cut.
May 3 Intu Properties said on Friday it expects this year to be challenging, hurt by higher-than-expected retail failures and a slowdown in new lettings as tenants delay their decisions due to political uncertainties.
Britain's Intu Properties plans to sell a 50 percent stake in an East Midlands shopping centre to a Kuwait-backed real estate investment firm for 186.3 million pounds in an attempt to cut its debt.
* Liberum analyst says sale price supports valuations (Adds details on sale, retail sector, debt)
April 18 British shopping centre operator Intu Properties Plc on Thursday said it would form a joint venture with Cale Street for the Intu derby shopping centre.