Trafford Centre owner Intu has said it expects to breach covenants on its current debts as its shopping centres struggle in the face of the coronavirus pandemic.
Shares in the company nudged lower as it said that talks with its lenders over its finances are continuing, reports the Press Association.
The shopping centre owner said its sites remain closed, except for essential stores, but warned that the speed of the market recovery after the lockdown remains unclear.
Earlier this month, Intu secured debt waivers until June 26 but said it still expects to breach its debt commitments by this deadline amid falling rental payments.
Read more on manchestereveningnews.co.uk
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