But concerns over the military covenant, the defence budget crisis and Britain's unsustainable deployments are not disparate threads, they are symptoms of a malaise in defence policy and a failure in strategy.
However, we estimate free cash flow would remain significantly negative in 2015/16 owing to capex commitments and we forecast a stretched balance sheet...raising concerns over a potential covenant breach.
Exane BNP Paribas said: With no suspension to the Ten project, ample credit headroom and revised covenants, concerns over Tullow's balance sheet should be alleviated.
We believe the stock's recent underperformance can be attributed to concerns over a possible breach of debt covenants.
After a profits warning and the announcement of talks with lending banks over covenant breaches (sound familiar?), Mouchel trades at 11p.
Concerns over the Trust are not new.
His apparent frailty revived concerns over succession.
There are also concerns over safety, however.
Concerns over aquatic life?
There are further concerns over security.
