Investment tycoon restoring Bishop Auckland Castle slashes jobs

Jonathan Ruffer is set to retire as chairman of his fund to focus on charity work - Tom Jamieson An investment tycoon helping to fund the restoration of Bishop Auckland Castle has cut a fifth of jobs at his firm after profits slumped. Ruffer, which was founded in 1994 by Jonathan Ruffer, said that it had cut 72 roles in the year to the end of March, according to accounts filed at Companies House. The 22pc reduction in its total headcount “significantly” reduced costs and improved resilience, bosses said ...