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The Masked Tulip

Mike Ashley Scores Own Goal With Hbos

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The tycoon, who netted £929m from 2007's float of retailer Sports Direct, is thought to have placed a series of wagers late last year with spread betting group IG Index that HBOS shares would rise in the first part of 2008.

However, HBOS shares have been whacked by the credit crisis and Mr Ashley's bet was hit particularly hard by last Thursday's 17pc slump following unfounded rumours that the bank was facing a liquidity crisis.

Sources close to the situation admitted that Mr Ashley, deputy chairman of Sports Direct, had lost tens of millions. A spokesman for him declined to comment on reports that he was £129m out of pocket on the bet.


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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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