This has resulted in several of the unlisted equity stakes being valued at a big discount to the quoted investments.

Savings Income - Income from qualified investments, such as interest from bank and building society deposits and income from quoted investments, is tax-free.

This has resulted in several of the unlisted equity stakes being valued at a big discount to the quoted investments.

Tony Hayward is one of four principals behind Vallares, an accelerated quoted investment vehicle designed to acquire unnamed oil and gas assets.

Savings Income - Income from qualified investments, such as interest from bank and building society deposits and income from quoted investments, is tax-free.