FEATURES
Place AGM: Slides and picturesView photos and download presentations…
Image gallery and slides from housing conference…
Mike Holliss analyses regional housing output…
Whittaker builds Intu stake
8 Mar 2013, 09:53
Peel chairman John Whittaker has increased his shareholding in Intu Properties, owner of the Trafford Centre, buying 15m shares for £49.9m on Thursday.
Intu is set to be demoted from the FTSE 100 to the FTSE 250 on 18 March following a fall in share price and will be replaced by easyJet. The issue of new shares to fund the £250m purchase of Midsummer Place in Milton Keynes was partly to blame for the price dip.
Whittaker owns 19.86% of Intu following the purchase. He is deputy chairman of Intu.
Also on Thursday, in a separate announcement, Intu said it had launched an £800m bond issue as part of its plan to reduce long-term reliance on banks.
Share this article:
Your Comments
2 Comments Add Comment
Didn't he do well…
comment by Bob Todd | 08/03/2013 11:10:08
slowly, slowly, catchy monkey…
comment by barny | 08/03/2013 13:34:52
OTHER NEWS
Davis and McGreavy join AA Projects Platt returns north for LSH role Cycle scheme plan secures £15m Edward Mellor's June auction catalogue
Aldi supermarket for Salford Shopping City
Greyhound supermarket plan submitted
Awards: SKV, Salix Homes, Liverpool One, Blackpool beach
Buyers sought for Opal properties
Grosvenor spends £2.5m on TV campaign
Pier restoration fund given lottery boost
Spring auction raises £1.5m
Shed plans submitted in Cheshire
LPC sells Salford NHS centre
Willmott Dixon reports schools wins
