Odey swoops for 10 million 'rock bottom' bank shares
Friday 06 July 2012
The star hedge-fund manager Crispin Odey picked up another 10 million Barclays shares when they hit rock bottom on Tuesday after Bob Diamond's resignation.
"It's the cheapest bank in the world," said Mr Odey, who paid around 160p a share to add to the £60m of Barclays shares which his fund already owns.
Mr Odey, who has already made one fortune betting on Barclays during the early part of 2009, is married to Nichola Pease, a member of one of the families which founded Barclays and sister-in-law of the bank's former chief executive, John Varley.
He also won handsomely shorting shares of former building societies which had to be bailed out, such as Bradford & Bingley. But he never shorted Northern Rock because his wife was on its board.
- 1 Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
- 2 I might be an MP, but that doesn't stop me fighting sexism with my breasts
- 3 Google April Fools': company unveils backwards search engine and huggable digital assistant
- 4 April Fools' Day 2015: The best hoax news stories from around the internet
- 5 Gamers confess the worst things they've done in The Sims
University of Cambridge: Remains of 1,300 scholars are found under building
April Fools' Day 2015: The best hoax news stories from around the internet
April Fools' Day 2015 live: The best pranks and fake stories from around the world
Turkey power cut: Prime Minister says nationwide blackout could be caused by terrorists
Jeremy Clarkson 'could be given minder' ahead of a potential Top Gear return
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
Street preacher quoting from the Bible fined for calling homosexuality an 'abomination'
Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
The West has it totally wrong on Lee Kuan Yew
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
iJobs Money & Business
£20000 per annum + commission: SThree: Sthree have an exciting opportunity for...
£18000 - £32000 per annum: Recruitment Genius: A Telesales Executive is requir...
£45000 - £50000 per annum + benefits : Ashdown Group: A highly successful, glo...
£50,000 - £55,000: Neil Pavier: Are you a professionally qualified commercial ...