City Diary: Alleged con-man Paul the Plumber flushed out in Cuba

I am sorry that not everyone profits from investments, but that is the way of the world, said The Plumber, who admits he does feel guilty.

On being presented with the court documents relating to Mr Palmers case, The Plumber then shut down the Gmail account Diary used to contact him on, and sank without trace. Again.

-------------------------------------------------------------

Mike Clare, the founder of bed retailer Dreams, knows all about the slings and arrows of outrageous fortune, after private equity firm Sun Capital scuppered his attempts to take back control of the business he founded.

Now he has composed a poem about his troubles to inspire other business leaders facing a corporate nightmare.

The bard of the City writes: Success is failure turned inside out. A silver tint on the clouds of doubt. So stick to the fight when youre hardest hit. Its when things seem worst you must never quit.

With rhyming couplets like that, who needs Rudyard Kipling?

-------------------------------------------------------------

Diary is sure that Virgin Money, the high street lender that snapped up the remnants of Northern Rock, is sound as a pound as it lays the foundation for a 2bn London IPO.

But it seems the Sir Richard Branson-backed business doesnt have as much faith in the tycoons sister mobile network, Virgin Mobile.

Read more here:
City Diary: Alleged con-man Paul the Plumber flushed out in Cuba