Intu shares hit record low as rental income tumbles

Owner of Trafford and Lakeside shopping centres axes dividend as it outlines recovery planShares in Intu Properties, the shopping centre company that owns the Trafford Centre in Manchester and Birmingham’s Merry Hill, have crashed to a record low after it said it might need to raise fresh cash to make up for lost income from retail failures such as House of Fraser and Debenhams.The shares fell 30% on Wednesday afternoon, wiping more than £200m off the company’s market value, af