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How to spot a company in distress

How to spot a company in distress

Loaded with debt and facing a severe shortfall in rental income, shopping centre landlord Intu (INTU) has found itself with its back against the wall. The former FTSE 100 group, which owns Manchester’s Trafford Centre and Lakeside in Essex, is appealing to creditors to permit a standstill in repayments potentially until the end of next year, after warning that it was likely to breach its debt commitments at the end of June.

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