Finance

Intu set to collapse into administration

By 2020-06-26T06:56:00

Intu Lakeside

Source: Wikimedia Commons/Highways Agency

Shopping centre giant intu is set to call in administrators following a collapse in talks with creditors to rescue the company.

In a statement to the London Stock Exchange this morning the group said there had been “insufficient alignment and agreement” on standstill agreements with creditors.

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