| PPC's shares rallied 10% at their best yesterday after it announced the sale of its lime division, reducing the need for a potential rights issue. The cement producer is recovering from tough market conditions while reducing debt under a restructuring and refinancing programme that's being driven by CEO Roland van Wijnen. And it appears to be making good progress. Less good news from Quantum Foods, which has warned of a decline in first-half earnings after it couldn't recover rising feed costs through higher egg prices. Italtile's shares held up despite news that CEO Jan Potgieter will leave at the end of the year as he relocates his family to Europe. Fortunately, the tile and sanitaryware group had a succession plan in place. Meanwhile, property group Attacq continues to address its debt and Sanlam has announced plans to increase its stake in Morocco's SAHAM Assurance. Also today, Black Onyx's Andrew Ludwig chats to Flagship Asset Management's Pieter Hundersmarck about passive versus active investment strategies. And in the latest edition of Today's Trustee, editorial director Allan Greenblo discusses why retirement funds have to take the lead rather than waiting for government intervention. Finally, if you missed it yesterday, episode 23 of the Magic Markets podcast touches on the attractive risk/return trade-offs Europe can offer, if investors know where to look. European investor and student of the markets @TobyTheInvestor joins The Finance Ghost and Mohammed Nalla from Copenhagen with great practical insights into navigating the region, including an understanding of the numerous Volkswagen listings! It's free and you can access it here. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
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