Re: Intu takeover called off
Posted: Mon 20 Aug, 2018 20.41
And indeed Arsenal. I don't know anyone who calls it Ashburton Grove.
Yeah, Hull City's is called the KCOM Stadium. When it was built it was the Kingston Communications Stadium (KC changed it's name to KCOM later), so everyone calls it the KC Stadium. When under construction before KC's sponsorship was announced, it was called the Superstadium by the media, but that was never it's official name.Andrew wrote: ↑Sun 19 Aug, 2018 22.23Except at Man Citycyberdude wrote: ↑Sat 18 Aug, 2018 11.03Nope. It's akin to when a stadium or venue gets sponsored and changes its name. Everyone just calls it by its original name.nwtv2003 wrote: ↑Sat 18 Aug, 2018 10.14Does anyone ever call any of their shopping centres intu.... ? Reason I ask is that when they acquired The Trafford Centre a few years ago, it got rebranded as intu Trafford Centre, and no one I know calls it that. I’m assuming it’s not really a strong brand?
To be fair to them they haven’t really changed Trafford aside getting rid of the red dinner jackets the staff used to wear.
Plus also if it never had an original non branded name which most of the new stadiums built in the last 15 years haven't.
Ocean Terminal really is shite though, I just don't get it, there's something that's just utterly rubbish about it
It's a very complex accounting situation, but it looks like they will try to sell some centres if they can. More in this FT piece (top of the results page).The Times wrote:Shareholders in Intu Properties face being wiped out after the owner of some of Britain’s biggest shopping centres was forced to scrap a £1.5 billion emergency fundraising.
Intu shares fell by more than 40 per cent after it said that it had not been able to secure the funding needed to reduce its £4.5 billion debts.
The company employs about 2,500 people and owns nine of the UK’s top twenty shopping centre, including the Trafford Centre in Manchester and Lakeside in Essex.
Intu said yesterday that the fundraising had been scuppered by uncertainty in the equity markets and retail property investment markets. As a consequence, its annual results, which have been delayed until next week, will include a warning that there is “material uncertainty” about the company’s ability to continue as a going concern.