Southern Cross has failed to divulge any details about its ongoing rent negotiations with landlords on the announcement of its first-quarter figures.
Analysts believe the results of the talks could be crucial for the future of the care homes group. The company also failed to comment on a possible takeover by a private equity group. Southern Cross posted a 76% drop in EBITDA to £5m on turnover down £4.2m to £236.3m.
09/02/11 Financial Times 18
Times 41, 45
Daily Telegraph B3
