Evening Standard - London, September 20th, 2007
YOU may not have expected the subprime lending crisis to reach your local pub, but here it is, chucking its weight about in the bar. Mitchells Butlers, the 2000-strong chain that used to be part of Bass before the then management and the Tory Government screwed things up so comprehensively, has just dropped 140 million on some fancy hedge work it planted round a deal which hasn't happened.
This is only the latest in a long line of corporate cock-ups from companies who decided that sticking to the knitting was just too dull. The sign to watch for is when the company's treasury department is tu...
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