He will use money raised from selling a stake in Virgin Galactic. US hedge fund Davidson Kempner Capital Management will pump in £200m. And £400m will come from the deferral of fees.
Daily Mail Articles
PureGym gets a clean bill of health from Moody’s
Analysts at the credit rating agency forecast a 10 per cent contraction in economic activity in the UK this year, which they said was likely to ‘curb consumer confidence’.
Hedge fund PSQUARED placed £20m bet on Boohoo’s shares falling
A hedge fund has launched an attack on shares in Boohoo – the day after the fast fashion giant was accused of using sweatshop factories in Leicester.
Rockfish owner calls for help to ease rural ‘debt mountain’
The VAT cut and dining discount announced last week would help hospitality firms but many rural firms will still struggle to repay loans taken on to survive the crisis, says campaigner.
STOCK WATCH: Red pens come out for McCarthy & Stone
Efforts to turbocharge the housing market were cheered loudly by John Tonkiss, chief executive of FTSE250 member McCarthy & Stone, when they were confirmed by the Chancellor on Wednesday.
Lockdown taught us to spend less…and save more
As lockdown restrictions finally ease and life begins to feel more ‘normal’, a number of financial lessons have been learnt along the way.
Hi-de-Hi! star Linda Regan talks to ME AND MY MONEY
Best known for her role as Yellowcoat April in the holiday camp sitcom, she used to make up to £20,000 a day starring in TV commercials. Now she earns a crust as a highly successful crime novelist,
Make your investments fly by picking the BEST of BRITISH
Investors who have flown the Union Flag over their portfolios this year have endured some stomach-churning turbulence. But some leading experts argue it will pay investors to hold tight.
Energy boss ‘took £12m secret payout from City fraudster’
It is alleged that Martin, whilst chief executive of Exillon Energy, accepted the ‘secret’ payment from Maksat Arip, who has been described as one of Britain’s most brazen fraudsters.
Disgraced fund boss Neil Woodford who left investors £450million out of pocket is back in business
Disgraced fund manager Neil Woodford last night sparked outrage after staging a comeback despite shutting funds after leaving 300,000 investors out of pocket last year.










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