P206 CJEFAX 2 206 Fri 31 Jan 21:25/24 ] LLOYD'S SPIRAL THREAT MING TO R 1/2 A Lloyd's of London mjmbjts' agent is warning of "parallel with the late 1 0s" wh n th nurse ran up m s v losses, leaving members stranded. Christie Brockbank Shipton warns in a newsletter of a return of the so-called spiral which led to the financial chaos "With rater falling, too much capacity and worrying signs of a djvelopjng spiral market, thjte are parallels... with capital piling in regardless." It is concerned at concentration rathj than spread of reinsurance risks. Headlines 200 Commodities 246 Savings 250 Front page 100 Next News Weather Shares Main MMnuP206 CEEFAX 2 2p6 Fri 31 Jan 21:12/16 STAGECOACH BAC IRS CASH IN ON SAL 2/2 Formjt shareholders in Porterbrook have raised £210m bz selling shares in n w ownj Stagecoach, it has mj ed. nv stork who org t Po t broo from BR for £527m and then sold it to Stagecoach for £825m, sold a total of 28.9m shares, at 730p a shari. The sbl o th jx-B t n leas ng company sparked a furious row ovjt "fat cat windfall . Stagecoach aid form Port rook bosses took part in the share sale but declined to give details, saying the "vast majority" had been institutions. H adlin 2 Sh ri price 226 Savings 250 Front page 100 Next News W athj Sha s Main M nuP206 CJEFeX 2 2p6 Fri 31 J1nC: :5x/ 7 Q W"£££"£££"£££ O]^O[LL A @o s @ L d@L@@@U@ s @b e@ s hwatojnk)of bxprallijsQwith the late 1:80s$ wXen the insurers ran up0massive losses, leaving mj]bets stranded. Christie Brockbank S(ipton warns in a newsletter of a return of the so-called spjtal which led to the financial shaou @ h "With rates falling, too much capacity spiral market, there are parallels... with Sapital piling in regardless." It is concerned at rwncqntratjon zathjr than spread of reinsurance res+s. 0 p p Headlines 200 Commodities 246 Savings 25( Front pagr X