Tuesday 18 September 2018
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Southern Cross to Raise £100 million

According to the Sunday Times Southern Cross  plans to raise £100 million  of new equity, close 200 care homes and change its name, the Sunday Times reported, without revealing its sources

The company, which said this week it is in “financial difficulties,” is in talks with shareholders and its banks, Barclays Plc and Lloyds TSB Bank Plc, according to the newspaper. Southern Cross may also try to sell its Active Care division, the