Categories:UK

LG stung by rates on £8m bank loan

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  • stung

    Ahem - it would seem that you have been stung and are NOT quids in. Forward he cried from the rear.

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  • Eh?

    Hang on, they borrowed £11m, £8.2m of which was at 6.27% so only £2.8m could have been at 0.85% over LIBOR - and he's pleased?!

    Is he stark raving bonkers?

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  • Lack of commercial acumen

    Baffles me. How do the people responsible make these decisions clearly without any commercial acumen?

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