Sir Frederick Barclay told to keep ex-wife updated on money-raising efforts southwalesargus.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from southwalesargus.co.uk Daily Mail and Mail on Sunday newspapers.
The titles former owners have secured backing from Middle Eastern investors to table an offer to Lloyds Banking Group worth more than £500m, Sky News learns.
High Court judge Sir Jonathan Cohen said it was extraordinary that one of Britain s most successful businessmen was now unable to make payments in a £100million divorce settlement.
A judge has decided not to punish retired businessman Sir Frederick Barclay after concluding he had breached orders made during a High Court fight over money with ex-wife Lady Hiroko Barclay.