£1

339 days ago

BREAKING: Purplebricks business sold for £1 to Strike – shareholders to get just 0.65p next year! (or less!)

Oh dear, oh dear. Shares in the online estate agency Purplebrcks (PURP) once traded at more than 500p as Neil Woodford filled his boots (with other folks cash) and commentators such as the shop worker Paul Scott gushed about how disruptive the cash guzzling company that ripped off its customers by taking payment even though most properties were not sold, was going to be. Today the business, nearly all the assets (bar £5.5 million of cash) and the liabilities are being sold for just one quid to SPV Strike. What will shareholders get? If they are lucky 0.65p in Q1 2024.

2928 days ago

BHS goes bust - why Sir Philip Green's brand of capitalism is not acceptable, he should be made a pariah

BHS started with 1 store in 1928. Today it employs 11,000 folk and operates from 164 stores. And it has just gone bust. The blame lies not with the current management but with Sir Philip Green who sold BHS to today's bosses for £1 a year ago.