Saturday, 24 January 2009
Candy brothers selling three homes for £100m
Robert Mendick and Mira Bar-Hillel
23.01.09
Property tycoons Nick and Christian Candy are trying to sell three homes in London for £100million, the Evening Standard can reveal.
Market experts are astonished at the asking prices for two flats and an unconverted property amid the biggest housing slump in history.
The brothers are trying to sell one of the apartments for £40million while a second — which has only four bedrooms — is valued at £27.5million.
The third property, which consists of empty offices with planning permission to be converted to a house, is on the market for £32million — even though they paid £22million for it near the peak of the housing boom.
...More front than Selfridges... Stalin would have shot them.
23.01.09
Property tycoons Nick and Christian Candy are trying to sell three homes in London for £100million, the Evening Standard can reveal.
Market experts are astonished at the asking prices for two flats and an unconverted property amid the biggest housing slump in history.
The brothers are trying to sell one of the apartments for £40million while a second — which has only four bedrooms — is valued at £27.5million.
The third property, which consists of empty offices with planning permission to be converted to a house, is on the market for £32million — even though they paid £22million for it near the peak of the housing boom.
...More front than Selfridges... Stalin would have shot them.
Larry King loses $1m in Madoff swindle

Ed Harris
23.01.09
US talk show host Larry King has emerged as the latest victim of Bernie Madoff, the Wall Street financier alleged to have carried out a multi-billion-dollar fraud.
King is said to have lost more than $1 million after investing with the disgraced banker. Howard Rubenstein, a spokesman for the 75-year-old CNN presenter, declined to comment.
23.01.09
US talk show host Larry King has emerged as the latest victim of Bernie Madoff, the Wall Street financier alleged to have carried out a multi-billion-dollar fraud.
King is said to have lost more than $1 million after investing with the disgraced banker. Howard Rubenstein, a spokesman for the 75-year-old CNN presenter, declined to comment.
Tory hedge fund donors made £12m short-selling on Barclays as its share price plummeted
By Michael Lea,Daily Mail
Last updated at 11:35 PM on 23rd January 2009
A hedge fund run by two Tory donors made a £12million killing in days by exploiting the collapse of Barclays shares, it was revealed yesterday.
Financiers Paul Ruddock and David Craigen have donated more than £300,000 to the party, most of it since David Cameron became leader.
Within hours of the ban on the controversial practice of short-selling being lifted last Friday, their company Lansdowne Partners sold shares in Barclays worth £28.4million.
Last updated at 11:35 PM on 23rd January 2009
A hedge fund run by two Tory donors made a £12million killing in days by exploiting the collapse of Barclays shares, it was revealed yesterday.
Financiers Paul Ruddock and David Craigen have donated more than £300,000 to the party, most of it since David Cameron became leader.
Within hours of the ban on the controversial practice of short-selling being lifted last Friday, their company Lansdowne Partners sold shares in Barclays worth £28.4million.
Iceland PM is first global political casualty of the crunch
Prime Minister resigns after week of violent protest
By Sophie Morris in Reykjavik, The Independent
Saturday, 24 January 2009
Iceland's embattled Prime Minister Geir Haarde may have become the first political casualty of the global credit crisis, announcing his resignation yesterday, and clearing the way for elections in May. Illness was the official reason for Mr Haarde's decision to quit, but few in the capital Reykjavik were in any doubt that his departure was linked to a week of intense and violent public protests at once prosperous Iceland's economic implosion.
By Sophie Morris in Reykjavik, The Independent
Saturday, 24 January 2009
Iceland's embattled Prime Minister Geir Haarde may have become the first political casualty of the global credit crisis, announcing his resignation yesterday, and clearing the way for elections in May. Illness was the official reason for Mr Haarde's decision to quit, but few in the capital Reykjavik were in any doubt that his departure was linked to a week of intense and violent public protests at once prosperous Iceland's economic implosion.
Thursday, 22 January 2009
Now it's time to emigrate, says investment guru
By Sean O'Grady, Economics Editor, The Independent
21.01.09
21.01.09

When asked his advice for a young person growing up in Britain, Jim Rogers, former partner of George Soros and one of the world's most successful investors, is forthright. "Move to China; learn Chinese." In an interview with The Independent, Mr Rogers warns that Britain will go bankrupt if the Government continues to follow its present policy of attempting to save the banks through subsidy and nationalisation.
Inside job
Rogue trader: I made a fortune on 7/7
Ian Sparks in Paris, Evening Standard
21.01.09
THE rogue trader accused of losing a French bank £3.5 billion has revealed he "made a stock market killing" out of the 7/7 bombings in London.

Charges: Jerome Kerviel claimed his employer had made a fortune on the day of the 9/11 attacks in New York
Ian Sparks in Paris, Evening Standard
21.01.09
THE rogue trader accused of losing a French bank £3.5 billion has revealed he "made a stock market killing" out of the 7/7 bombings in London.

Charges: Jerome Kerviel claimed his employer had made a fortune on the day of the 9/11 attacks in New York
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