Press Round-Up Full (Premium)
The embattled shopping centre giant that owns Lakeside in Essex and the Trafford Centre near Manchester is planning to tap the City for £1bn of emergency cash as soon as next month, in a significant test of the market’s appetite for retail property. Intu Properties, whose share price has collapsed after the slew of insolvencies among tenants such as Debenhams and Arcadia, wants to launch a huge rights issue either alongside its full-year results at the end of February, or shortly afterwards.
Car-makers face more than £12bn of fines for failing to hit tough new European rules on emissions.
HMV has warned of possible job losses as it fights to keep open stores across the country in the face of high rents and business rates.