City Diary: The First London net spreads as Devilfish looks set to fold

Meet Dave “Devilfish” Ulliott, pictured above with a couple of advisers, one of the UK’s most famous poker players having trousered more than £3.5m in prize money during his card playing career.

He is also the frontman for Devilfish Gaming, an online poker company listed on Plus Markets that had its shares suspended last week after realising it’s on verge of running out of cash.

DG’s largest shareholder is Kevin Leech, the former Jersey bankrupt and star of this column, who you’ll recall is also reputed to have been the largest shareholder in First London, the investment bank. It was once listed on Plus Markets too, but has now gone into administration and is owed £173m by Swiss Commodity Holding, a mysterious company where Leech was also a director.