Shares in the property group have risen by 20.3% in three months as speculation has grown about a fundraising. The company is expected to try to raise £500m in a placing and open offer that is likely to be announced this week.
Property agencies including CBRE, JLL and Cushman Wakefield have withdrawn from real estate trade fair Expo Real in Munich this year in light of the coronavirus pandemic.
Travelodge has launched a CVA today that will allow it to slash rents in an attempt to end the ongoing dispute between the operator and some of its landlords.
A mixed-use development on Old Kent Road, south London was approved by Southwark Council subject to conditions in a planning committee meeting last night.
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