Bridge too far for investors finding bonds buried in Bury

SO, farewell then, The Capital Bridge, the bond company whose wares were peddled by London Capital & Finance’s marketing company Surge group. Like LCF and Blackmore Bond before it, The Capital Bridge (now known as First Northbridge) has gone bust, with administrators this week saying any return of savers’ £2 million-plus is uncertain. As City Spy readers will recall, among The Capital Bridge’s riskier investments was a loan to Bury FC — much to the surprise of The Capital Bridge investors who thought they were backing “handpicked property developers”. As the Bond Review website points out, The Capital Bridge investors can join the long queue of retail investors losing money from Bury’s collapse.

IT’S been a bonfire of the slogans this week with John

LORD Sugar’s son Simon, who runs outdoor advertising business Amscreen, tweets this snap of a billboard near Stamford Bridge advertising the Spurs documentary All or Nothing on Amazon with an image of Jose Mourinho. The question to Chelsea fans reads: “Ever wondered what your ex is up to?” Given Sugar Jnr’s marriage to Michelle resulted in an acrimonious divorce back in the 2000s, the answer is probably yes.

Lewis chairman Sharon White putting its “Never Knowingly Undersold” tagline under review, and KFC pausing the use of “Finger Lickin’ Good” given Covid hygiene advice. What next? “Just Don’t Do It” for Nike if we’re urged to stay home again?

RED faces (and lips) in New York where a Manhattan court is hearing a case in which banking giant Citigroup is seeking to reclaim $900 million accidentally paid to lenders to embattled cosmetics giant Revlon. A bank underling mistakenly transmitted the payment after failing to manually select the correct system options in its loan operations software. Oops. The bank has been trying to get the money back but some lenders say that Revlon was in default on its loans and owed the creditors the money anyway. Someone’s going to need the waterproof mascara by the end of this one.

FAIR play to the Financial Conduct Authority which, for all its shortcomings, managed to run a slick (if pricey) advertising campaign with Arnold Schwarzenegger which triggered a surge in PPI claims. Now the City watchdog has teamed with football commentator Clive Tyldesley to “show there is no transfer deadline for pensions” amid reports that fans of the beautiful game are being targeted. Tyldesley, who was recently demoted at ITV, looks like a cut-price option. Maybe Lionel Messi was too busy this week.