The bank scoop, the intrepid hack and the old team...

Wednesday, 7 November 2018, 8:47 am

Harry Wilson, City Editor of The Times, dug out a cracking scoop yesterday (or most likely the day before but it only appeared in print in yesterday's edition).

The intrepid hack discovered that Aaron Banks - the insurance "tycoon" and under fire funder of the Leave.EU campaign - had asked Oakwell Capital to find a buyer for his 29.1pc stake in Manx Financial Group, the Isle of Man's largest lender. Below is a link to Harry's piece:

https://www.thetimes.co.uk/article/arron-banks-wants-to-sell-4m-stake-in-firm-5mtx6j8g5

The piece then forced Manx Financial Group to confirm something was/is going on the RNS:

https://www.investegate.co.uk/manx-financial-group--mfx-/rns/statement-regarding-media-comment/201811061529205327G/

So, congratulations to Harry, who I used to sit next to when we both worked on The Daily Telegraph's business section.

In fact, Harry's scoop reminded me yesterday that our team on the Telegraph's business desk from between 2005 to 2013 was full of extremely talented financial journalists, many of whom have gone to reach the very top of the news business. Betaville lists them below:

1. Will Lewis - was the City/Business Editor for The Daily Telegraph business section - now chief executive of Dow Jones, publisher of The Wall Street Journal.

2. Richard Fletcher - was the City Editor/deputy head of business for The Daily Telegraph - now head of business/business editor for The Times.

3. Mark Kleinman - was The Sunday Telegraph business editor - now Sky News City Editor responsible for breaking some of the biggest corporate stories of the last decade...

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[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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