No pain, no gain: city gloom casts a shadow over lighthouse

For months, shares of Lighthouse, the financial management group, held up well, seemingly largely immune from the money crisis rocking the world. The No Pain, No Gain portfolio alighted on them at 17.5p in the summer of 2006. At one time, the price hit 35p; it then suffered a relapse. Even so, as the credit crunch continued to spread despondency, the shares bobbed around the lower 20s, suggesting that the company was performing quite well.