Gamble of the week: Is there more to come from this newspaper turnaround?

In November 2012, I tipped this newspaper stock as a potential recovery play. At 79p each, the company’s shares were trading on a forward price-to-earnings (p/e) ratio of just 2.9 times, giving it a market value of just over £200m.

It had debts of £162m and a hole in its pension fund to the tune of £283m. It looked as though the market was pricing the shares for bankruptcy. Yet the firm was still producing lots of cash flow.

It had a new CEO, Simon Fox, who planned to cut costs and [...]

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'Would you rather upset God, or have Him just ignore you?'

In the first of three interviews with Merryn Somerset Webb, Hugh Hendry, manager of the Eclectica Fund, talks about what it takes to be a good hedge fund manager – and how he learned to stop worrying and love central banks.


Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.


24 November 1972: the 'DB Cooper' hijacking

Today in 1972, a man calling himself Dan Cooper parachuted from a hijacked Northwest Airlines Boeing 727 with $200,000 in cash. He has never been found.