Short-sellers such as Odey make money when shares fall, so the collapse gave him a huge windfall. Intu collapsed after it was unable to persuade its lenders to grant a debt repayment holiday.
Daily Mail Business Articles
Why did Ministers let Flybe go bust then save the giants?
Flybe investors said the airline could have played a key role in Boris Johnson’s ‘levelling up’ strategy for the regions. Now, Warwick Brady, boss of Southend Airport’s owner Stobart Group, speaks out.
HAMISH MCRAE: We should be aware of our vulnerability
From a global perspective, the UK is bargain-basement at the moment. This is just the time for foreign investors with a long perspective to zip in and buy UK assets on the cheap.
Banking giant HSBC under new Hong Kong attack
Hermes said it is in talks with the bank after HSBC supported a new law in a post on Chinese social media platform WeChat.
BT warns PM Boris Johnson on broadband goal
Johnson revealed his plan last year to connect the whole of Britain to one gigabit per second broadband by 2025 and committed £5billion to the goal.
Formula 1’s Toto Wolff has an out-of-this-world plan
Wolff says that a space travel operator has expressed an interest in partnering with the team to apply its F1 know-how to a rocket programme.
Dealmaker mulls £100m pensions adviser sale
City sources said buy-out firm Livingbridge, which is run by Wol Kolade, has appointed advisers from Deloitte to find a buyer for Broadstone.
Next poised to bring forward summer promotion
The Next sale, which normally offers price cuts of up to 70 per cent, is one of the biggest events in the high street calendar and is estimated to clear more than £100million of stock.
Russian tycoon shops for car dealers in UK
Sergey Petrov made his fortune building up Russia’s largest forecourt chain and selling cars to the country’s burgeoning middle class as far back as the 1990s.
MPs calling for powerful gambling watchdog
A report by the Public Accounts Committee accused the Government of being ‘complacent’ about the 350,000 problem gamblers in the UK, adding that a further 1.8million were ‘at risk’.