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The diversified miners such as Xstrata, BHP Billiton and Rio Tinto, should continue to perform. With strong cash flows and access to debt, they are best placed to grasp the opportunities likely to emerge in the future when others have had to shut down capacity or shelve development projects that may come up for sale, says the Sunday Telegraph. Uniq remains comfortably within its banking covenants, but there is little reason to hold any confidence at all in the company’s future. Cost-cutting can only go so far, while price recovery seems some way off. As one broker put it, Uniq has been hit by “a veritable catalogue of woes”. It’s hard to disagree. Sell, says the Sunday Telegraph. Questor is not prepared to turn buyer just yet in Thorntons. Retail conditions are unlikely to improve and for all its attempts to grow the... [read full story]
