Segro slides as it mulls cash call
2 Mar 2009Landlord Segro today said it was thinking of tapping investors for cash to bolster its balance sheet.
It sent shares in the firm, formerly Slough Estates, crashing 263/4p to 801/2p.
Blue-chip rivals British Land, Land Securities and Hammerson, which have already launched rights issues worth more than £2 billion, were also on the slide.
Analysts warned there may not be enough funds for all those in the cash-call queue.
Morning:
8°c






