- Retail property developer Intu Properties said Wednesday the date by which a consortium backed by Peel Group, the Olayan Group and Brookfield Property Group were required to make a firm offer for the company had been pushed back by two weeks.

Under the market rules, the consortium was now required to make a firm offer by no later than 5.00 p.m. on 15 November, two weeks later than the initial 1 November deadline.

This comes after the consortium requested Intu seek permission from regulators to extend the deadline to enable talks to continue.

The consortium tabled a bid last week valuing Intu at £2.91bn. At 8:01am: [LON:INTU] Intu Properties share price was -3p at 195.5p

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