'Rottweiler' in Money As Amec Goes Soaring ; Market Round-Up

Summary

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IT LOOKS like another big payday for hedge fund operator and activist shareholder Martin Hughes, known to his mates in the City and on the golf course as "the Rottweiler".

Today, shares in one of his favourite companies, Amec, put on 20p at 745p, netting Hughes and his Toscafund a paper profit of almost [pounds]7.59 million. At the last count, Hughes owned 37.69 million Amec shares, worth [pounds]279 million, or 11.39% of the company, making him its second-biggest shareholder.

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Extract

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'Rottweiler' in Money As Amec Goes Soaring ; Market Round-Up

He is already sitting on a nice profit from his original investment in the FTSE 100-quoted oil equipment and services company, for which he is rec...

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