Finance

Analysts urge intu to take ‘drastic’ action

By and 2018-12-06T05:22:00

Merry Hill shopping centre, Dudley, West Midlands

Retail REIT may be forced to sell properties following collapse of takeover talks.

Intu’s share price has plunged over 40% to 111p in the past week and it is now trading at a discount to the group’s 344p NAV of 68%.

The retail property group slashed its dividend after the consortium walked away but analysts warned that the company’s high loan-to-value ratio of more than 50% meant it needed to take more radical action.

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