Fading star

1 December 2008 By John Foley

The UK asset manager has virtually collapsed under £240m of debt, its shares falling to scrap. It may yet persuade lending banks to swap their loans for equity. But unless a solution is found fast, New Star will turn into a black hole.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)