The board is understood to be close to agreement with shareholders on possible £140million retention bonuses for Xstrata executives, though some remain opposed to the proposals.
Royal Bank of Scotland yesterday released its price range for floating the insurance group. It had been expected that the group could be worth up to £3billion, but it could be valued as low as £2.4billion.
With an impressive track record, a 5.1% yield, low debt and a very sensible share price, this support services company gets a thumbs-up from Smart Investor.
The discounts on all smaller companies investment trusts have widened recently but Henderson's trust has been undervalued by too much, for too long.