March 24, 2020 / 11:38 AM / 9 days ago

BRIEF-Intu Properties Says Co Found Additional Cost Savings To Reduce 2020 Service Charge Budget By 22% In H2

March 24 (Reuters) - Intu Properties PLC:

* INTU PROPERTIES - FOUND ADDITIONAL COST SAVINGS TO REDUCE 2020 SERVICE CHARGE BUDGET BY 22% IN H2 DELIVERING AN 11% REDUCTION FOR FY

* INTU PROPERTIES - “WELCOMED THE BUSINESS RATES HOLIDAY AND OTHER MEASURES RECENTLY ANNOUNCED BY THE GOVERNMENT BUT MORE SUPPORT IS NEEDED”

* INTU - “WILL CONTINUE TO DO ALL WE CAN” FOR BRANDS RENTING WITH CO WHILST ENSURING CONCESSIONS MADE “NOT TO THE DETRIMENT” OF ITS FINANCIAL POSITION Further company coverage:

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