Now forced its closure. Every asset the chairs, the filing cabinets, even the ink, will now be auctioned off so that creditors can be paid. Its a painful process for the former owner and his business partner. We walked out of there and locked the door for what for me was going to be the final time. And i gave her a hug and she sobbed, it was really deep, heartfelt sobbing. It was hideous. This has been everything to you. It has been everything to me. It was only three months ago but it was our life. We put everything into it. The pride that i felt suddenly turned to quite the opposite. To . Embarrassment. The embarrassment that everything i had worked for had been a failure. I had let everybody down, let my staff down, let my suppliers down, let my clients down. How much do you owe . Between me and my partner about £140,000, Something Like that. So, it is not millions, but it may as well be. In england and wales. For most people, bankruptcy is a shameful and a devastating process. The
Days later driving this luxurious bentley. This sports promoter declared himself bankrupt owing ten million. We found him and his wife still driving a line of luxury cars and living it up in perthshire. And this banned company director, once one of the biggest donors to the conservative party, and a £41 million bankrupt. Here he is running multi Million Pound housing developments. Tonight on panorama, we expose the millionaire bankrupts playing the system. When a business goes bankrupt, its usually a shattering experience. This was once a thriving Family Business in staffordshire employing more than a0 people. A printing company, the modern digital age has now forced its closure. Every asset the chairs, the filing cabinets, even the ink, will now be auctioned off so that creditors can be paid. Its a painful process for the former owner and his business partner. We walked out of there and locked the door for what for me was going to be the final time. And i gave her a hug and she sobbe
Impressed. The index at a threeyear high. Kong, 4 00 a. M. In london. By where it is 8 00 a. M. , welcome to Bloomberg Markets middle east. What are you looking at today . Asia, globale in investors taking a closer look at i it is weakening and there is a lot of volatility when it comes to the yuan. Jump into my bloomberg and see what i mean. Exchange, it stock has surged to a record in november. As you can recall, it has been a wild month for global markets, ofecially after the surprise some of president elect donald are lookingvestors for production. Check out what has been happening this month. Here asreally surging investors scurry for protection. We are just under two marketsay from emirates in dubai. Lets take a quick check of how they closed across the region yesterday. A mixed bag. Dubai, one of the biggest gainers,. 7. We are doing a quick check of markets open in asia. Mumbai trading for almost 20 minutes now. You can see, it is a mixed picture across the board. We are seeing
This is the markets we are looking at in terms of global equities. This is a second straight day of rallying, s p 500, futures advancing, crude oils advancing to levels we saw back in october. Jumping,s dollar also and the nations bond following after the nationsbank released minutes of the latest meeting. Lets get straight to the bloomberg first word with nejra cehic. Nejra thanks. Broadbased a weakening of inflation pressures was behind this months surprise Interest Rate cut. The australian Central Banks first reduction in a year came after cpi fell on the First Quarter for the First Time Since 2008, even as the Growth Outlook remains steady. Still, the aussie dollar jumped, as they said the deal wasnt viewed as a slamdunk, reducing the likelihood of a followup move in june. George soros has cut his funds in u. S. Stocks by more than 1 3 in the First Quarter and bought a 264 million stake in the worlds biggest bully and producer. Hes warned of risk stemming from chinas debt fueled ec
Shareholders, we will speak to longmans ceo later in the program. Than half an hour away from the European Equity market open, and let me slide across to give you an idea of where we think the day will start here in europe. This looks like it will be a fairly positive picture. Stoxx up 0. 7 . Well. N the front foot as everything opening up around 0. 5 . German market is looking strong this morning. Other assets, lets see what is happening around the world this morning. Higher,gher, 1. 25 48. 43. Goldman sachs sees changes in the gold market. Shanghai on the front foot. The resale name retail number was actually quite good. Ar, this is the one need to worry about, versus the chinese renminbi. A trading need to Pay Attention to. Pushing up north of january highs quickly. Are we going to see a significant outflow once again developing . We have a surprise for you this morning. Not only stephen major from hsbc, but my colleague from matt miller my colleague matt miller from the United Stat