Half Year Results 

Intu readying for equity raise

Intu readying for equity raise

The plummeting valuations of Intu’s (INTU) investment portfolio pushed up the retail landlord’s loan-to-value ratio to an alarm-bell ringing 58 per cent during the first half, up from 53 per cent the prior year. In a bid to shore up its balance sheet, the half-year dividend has been scrapped and management said it was considering an equity raise, in addition to further asset disposals. 

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