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Southern Cross investor update
Debt-laden care home Southern Cross will this week give investors an up-date on its recovery plan, with Sky News reporting yesterday that it may wind itself up or put itself into run-off mode.. Southern Cross, which recently asked its landlords to take a cut in rents, refused to comment on the report, which added that directors had been working on a deal over the weekend and were likely to update investors with the outline restructuring plan tomorrow.