Mall operator Intu considers cash call as rental income takes a hit
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(Reuters) - Intu Properties is considering asset sales or an equity raise to tide over a prolonged weakness in the retail sector, the mall operator said on Wednesday as rising store closures led it to forecast a fall in rental income for the year.Intu's shares were seen trading down between 10% and 30% after the owner of Manchester's Trafford Centre said it expects annual like-for-like net rental income to be down by about 9% and predicted another decline in 2020 although at a slower..