Maguire closes down wrong plaice

One of the more lighthearted stories doing the rounds last week was the closure of former Arch cru chief Jon Maguire's fish and chip shop.

The Bristol-based eatery closed its doors on customers just a short time after Maguire and his son took over the establishment. Fish-themed puns – some bad, some terrible – abounded in response to the news, but while we enjoyed posting a quip or three, a much more serious story was developing involving Maguire’s former fund range. On the same day as reports of the failure of Maguire’s latest venture emerged, J.P. Morgan’s offshore private equity fund agreed a £56.5m deal to buy up assets from the Arch cru fund range. With any luck the sale should bring some relief – and more import...