Intu warns on collapse after £2bn loss

// Intu warns on possibility of going bust after £2bn loss in 2019
// Intu said the results reflect on the ongoing challenges in the market
// The estimated value of Intu’s portfolio of shopping centres dropped 22% to £6.6bnStruggling shopping centre owner Intu has warned it could go bust if it does not secure further funds.
In the year ended December 31, 2019, the Trafford Centre and Lakeside owner posted a £2 billion loss, up from £1.17 billion the year before.
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