Related Articles
Hedge fund billionaire Crispin Odey has hit back at criticism that he is betting against Britain, arguing that he has ended his wager against the pound and has invested several hundred million pounds in UK companies.
Mr Odey told The Sunday Telegraph that he was “no longer short on the pound” and has spent £270m on shares in British plcs for the long-term.
These include a £27m stake in Mike Ashley’s retail empire Sports Direct, £51m in thread manufacturer Coats Group, £12m in supermarket chain Tesco, £27m in officer provider IWG and £15m in mobile network provider Orange.
“I decided about three months ago to start to buy it [sterling] back,” he insisted.
“Around Brexit it might be subject…
