|Bid||2.641 x 300000|
|Ask||2.714 x 300000|
|Day's Range||2.652 - 2.652|
|52 Week Range||2.652 - 2.652|
|PE Ratio (TTM)||11.58|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Britain's top share index was lifted from a two-month low on Wednesday as Brexit negotiations dented the pound, while Costa owner Whitbread got a late boost when activist investor Sachem Head declared a stake in the company. Britain's blue chip FTSE 100 index rose 0.5 percent to 7,364.05 points, outperforming a negative European market thanks to a weaker sterling, down 0.4 percent on the day.
The all-share offer values FTSE 250-listed Intu at 253.9 pence per share, a 27.6 percent premium to its closing price on Dec. 5, the two companies said on Wednesday. It will combine Intu, the owner of Manchester's Trafford Centre, with the FTSE 100 company behind Bicester Village in Oxfordshire, London's Brent Cross shopping centre and Bristol's Cabot Circus to form a group that will also have sites in Ireland, France and Spain. Shopping centre landlords are facing an increasingly tough backdrop as retailers have become more selective with their expansion plans in response to a difficult consumer spending environment and intense competition from online rivals.
intu properties plc’s (LSE:INTU) most recent return on equity was a substandard 4.93% relative to its industry performance of 6.99% over the past year. An investor may attribute an inferiorRead More...