INTUIntuit, Inc. (stock abbreviation, AMEX)
INTUI Need to Understand
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The deal represents a value of approximately 253.9p per Intu share, equivalent to PS3.4 billion.
Comment: intu properties bought Madrid XanadA* shopping centre in March 2017
Intu said St David's has benefited from continued growth of income linked to an extension built in 2009.
But there has been some good news for intu Braehead shopper with the opening of two new stores.
Shares in Intu - the owner of Eldon Square and Metrocentre, along with a number of other big-city shopping parks - rocketed last month after a consortium of investors mounted a multibillion-pound bid for the business.
Tickets for the free event, which will take place at Eldon Square during intervals from 11am to 4pm on Sunday, August 11, are available on intu's website.
Intu sank to a loss before tax of PS896m, almost double the PS486m losses it racked up in the same period in 2018.
David Lyon, marketing for intu Braehead, said:"We're definitely rolling out the welcome mat for everyone to enjoy a brand new fun activity we've never had at intu Braehead before.
Intu reported a PS1.17bn loss earlier this year - due mainly to a writedown in the value of its properties as a result of the retail crash - while two attempts to take over the business have been abandoned.
The US investment bank cut Intu to Underweight from Neutral, cutting its price target to 94p from 116p.
intu Merry Hill, which attracts around 18 million visitors a year, will benefit from more than PS10 million in investment to transform the external entrance.
He added: "As we finish another year in Uxbridge, we look forward to 2019 which will see four more restaurants open in intu Uxbridge as well as Lidl, plus more exciting new and unique retailers to be announced."