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Duffield takes almost £1m paper hit as FSA rebuffs suspension request
Phil Craig
01 Dec 2008
01 Dec 2008
 |
Wednesday
07 January 2009
23:00 GMT
New Star’s senior management suffered hundreds of thousands of pounds in paper losses after the company’s share price halved in early trading today, following the regulator’s refusal to suspend shares in light of discussions between New Star and its lenders. But today’s losses are only a fraction of the directors’ total paper losses since the peak of New Star’s success early last year.
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