Intu’s share price has stumbled again, struck by growing signs of an imminent collapse into administration.
The troubled shopping centre landlord was the biggest faller among the REITs today, finishing the day down 4.56% at 4.4p.
The company has put KPMG on standby to act as administrator, while it engages in critical talks with stakeholders ahead of a covenant waiver deadline on Friday.
At the other end of the scale, Picton Property Income was one of the top-performing property companies on the exchange today.
Picton’s share price enjoyed a 3.4% boost to 70p, after the company highlighted a potential return to real estate acquisitions.
The FTSE 100 rose 1.21% to 6,320, and the FTSE 250 ended the session up 0.45% at 17,652.
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