RDI and Telford see share prices fall

Stock exchange

Source: Shutterstock/AshDesign

Shares in RDI REIT tumbled 9.5% to 137.34p on Thursday after it revealed it had to retain all the income from one of its loans after a fall in shopping centre values. The £144.7m loan is secured against four of RDI’s centres.

Telford Homes also saw its share price fall, dropping 7.8% to 278.12p, after a trading update disclosed delays to several of the company’s developments which will hit it its profits.

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