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Spin-off group takes the market by storm
Thursday 06 Oct 2016 Author: Daniel Coatsworth

Spin-off group takes the market by storm

Coal-to-manganese miner South32 (S32) has outperformed its former parent company BHP Billiton (BLT) by 130% so far this year on the London stock market, according to Google Finance data. South32’s spending has fallen, cash generation has risen and the balance sheet strengthened. BHP spun out various assets in 2015 to create the standalone business.

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