Intu shares fall further after interim results



Intu’s shares continued to fall during Thursday after the troubled retail focused company announced a 6% downturn in its portfolio value as David Fischel announced he was stepping down as CEO.

Shares in the company finished 8.31% down at 165p. In a note on Thursday afternoon analysts at Jeffreis said ‘the estate agents didn’t so much take a knife to intu’s portfolio but a hefty first swing with a scythe, with a -6.2% devaluation, which was amplified by high gearing to a -12% NAV’ giving the company a rating of ‘underperform’.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue