Simon English: For Shacklock, it's more bad news
Thursday 11 October 2012
Outlook The collapse of the BAE deal is bad news for lots of people, one of whom must be Tim Shacklock.
His Gleacher Shacklock investment banking firm was also one of the brains behind the float of Promethean, alongside those other banks-you-can-believe-in, Goldman Sachs and JP Morgan.
Promethean, which supplies interactive whiteboards and learning software to schools, floated in order to reduce debts, which is never a good reason to ask the rest of us for money. It did anyway, in 2010, at a tasty price of 200p.
This flotation was quickly a disaster as profit warning followed profit warning.
Yesterday the shares lost another 10 per cent and now sit at 18.25p. No, not a mis-print.
Mr Shacklock might say: you can't win them all. Indeed not.
- 1 Home Office says Nigerian asylum-seeker can’t be a lesbian as she’s got children
- 2 What happens to your body when you give up sugar?
- 3 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 4 Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
- 5 Apple and Google users being spied on for a decade because of 'Freak' security flaw
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
iJobs Money & Business
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
Voluntary post, reasonable expenses reimbursed: Reach Volunteering: Would you ...
£36,000 - £40,000: Christine McCleave: Are you looking for a new opportunity a...
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...