View more on these topics

Osmond close to Pearl debt restructure

Hugh Osmond is in the final stages of agreeing a debt restructure of his Pearl Group, according to The Sunday Times.

The paper reports that the firm’s consortium of 17 banks met last week and are expected to sign off on a deal in the coming days.

Osmond is likely to see his stake in the company slashed to 30 per cent, the paper states. It claims the total debt pile of the Pearl empire will drop from £3bn to £2.6bn.


Myners hits out at EC proposals

City minister Lord Myners has hit out at the European Commission’s proposals for financial regulation, over concerns they will take control away from the UK’s national supervisors.

On the ropes

I once attended a day’s training on the importance of planning. As an ice-breaker, we were told the cautionary tale of a roofer who, not wishing to carry 500 pounds of shingle down a ladder by hand at the end of a job, loaded said shingle into a metal barrel, attached it to a pulley positioned atop his scaffolding and released the rope from the ground.


News and expert analysis straight to your inbox

Sign up


    Leave a comment