A pensioner could face a bill in excess of £1.5million after her trader son accidentally bought half of an oil exploration company in Belize. Judith Williams, 76, who for years ran a £45-a-night B&B in her country house near Malvern, may now be forced to launch a takeover bid for New World Oil and Gas. Her son Christopher, 38, a trader who calls himself 'Chris Oil', thought he was buying 10 per cent of the company in his mother's name for £250,000 but in fact it turned out to be a 48.7 per cent stake. Even worse for Mrs Williams, London's trading watchdog for surprise takeovers has decided that she may be forced to ... (full story)