DATABANK INSIDE the CITY SABAH MEDDINGS the WEEK in the MARKETS the ECONOMY Consumer Prices Index Current Rate Prev
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10 The Sunday Times October 4, 2020 BUSINESS Liam Kelly Standard Life Aberdeen, who Camelot’s queen long-term bonus scheme. Sheeran’s manager retired last Wednesday. The dame also sits on the FUNNY BUSINESS With the pandemic keeps coining it board of Next, where she is a restricting him from going member of the remuneration loves the shape of cash out in style, Gilbert, 65, Some things never change: committee, of all things, and instead posted a valedictory Dame Dianne Thompson is chairs the luxury wallpaper Being a pop superstar is will go far. Camp revealed missive on LinkedIn. He still sitting pretty. The former seller Walker Greenbank. lucrative, but managing them last year that his biggest recalled the good times (for boss of National Lottery Unlike most lottery can be almost as good. indulgences were him, the 2017 merger of his operator Camelot has been winners, Thompson doesn’t Stuart Camp, Ed Sheeran’s cheesecake, banoffee pie and Aberdeen Asset Management paid £800,000 for the sixth need to check her ticket to right-hand man, has banked Eton mess. with Standard Life) and the year running — not bad for know she has scooped the a £7.6m dividend after When asked by a local bad (for shareholders, the someone who retired in 2014 jackpot. It might sound running the Shape of You newspaper to name his 2017 merger of his Aberdeen to pursue an ultimately boring, but she will keep singer’s 2½-year Divide tour. favourite restaurant in his Asset Management with unsuccessful career as a getting the cash until the By comparison, Sheeran, 29, native East Anglia, Camp, 47, Standard Life). There was hotelier on the Isle of Wight. scheme ends in 2022. took a £10m payout after a replied that he had fond also the split capital Camelot Business I’d settle for that. bumper year in 2019. memories of the Wimpy bar investment trust crisis of Solutions, a subsidiary The latest windfall for in Bury St Edmunds — “they 2002, which saw Aberdeen owned by Ontario Teachers’ Camp, whose first job was in served you on real plates”. almost collapse. Pension Plan, has paid Boomerang time a chicken-processing plant at He knows how to live. Gilbert, chairman of fast- Thompson, 69, under its the age of 16, takes his divi growing fintech Revolut and for bitcoin boy haul to more than £24m on the boards of Glencore When Ben Delo was revealed from Grumpy Old Gilbert putts to and Sky, also paid tribute to as the first British bitcoin Management in the past five some of the “incredibly “billionaire” two years ago, years. He also owns a fairways new talented people” he has he fulfilled a prophecy of TWITTER POLL property empire with the Farewell to Martin Gilbert, worked with, reeling off 10 sorts. The co-founder of Yes No Suffolk-based crooner. the gregarious vice-chairman names. There was even a cryptocurrency platform Prufrock reckons the cash of FTSE 100 fund manager Dividend duet: Ed Sheeran hugs manager Stuart Camp mention for Stephen Bird, BitMex had been voted most the “extremely capable” likely to become a millionaire 30% 70% 6 He’s had an unhappy history with the stock market, but former Citi banker who took at his Oxford college. Jonathan Rowland is back. Rowland, 45, the son of former JUST SAYING . the reins in June. Unfortunately for Delo, he Tory Party treasurer David “Spotty” Rowland, is set to raise However, there was no was also voted second-most about £5m from investors when he floats Mode, his fintech reference to Keith Skeoch, likely to end up in prison. So start-up, on the London market tomorrow. Humanity will pay an enormous the introverted economist to the news last week that Delo, Backers will be hoping it avoids the same fate as Jellyworks, price, not just with Covid, but golf-mad Gilbert’s bibulous 36, and his co-founders had his internet investment company, which floated during the entrepreneur, with whom he been charged by American dotcom boom in 2000 only to go into a tailspin when the beyond that if we break trust shared an uneasy time as authorities with failing to Should Mahmud Kamani bubble burst, before it was gobbled up seven months after joint chief executive. Nor was stop money laundering will quit as Boohoo chairman in vaccinations after the Leicester factory listing by broker Shore Capital. Later came Jellybook, a shell there any mention of not surprise former students scandal, even though he has that raised £11m to do social media deals that failed to get off Glaxo Smith Kline chief executive chairman Sir Douglas Flint, of Worcester College. been central to the fast- the ground before his 2013 stroke. So does he reckon it will be Emma Walmsley insists the who reshuffled the pack last liam.kelly@ fashion retailer’s growth? his last float? “Never!” comes the reply. coronavirus vaccine will be safe year. An oversight, surely! Lottery winner: Thompson sunday-times.co.uk @ST_Business DATABANK INSIDE THE CITY SABAH MEDDINGS THE WEEK IN THE MARKETS THE ECONOMY Consumer prices index current rate prev. month FTSE 100 FTSE 100 DOLLAR 0.2% 1% government announcements, half sales down by 25% to USD > GBP CPI including housing current rate prev. month Marshalls: such as the stamp duty £211m in the six months to 8,000 holiday, have encouraged June 30. During that time, it $1.29 0.5% 1.1% housebuilders to crack on spent £17.6m on restructuring U 0.02 robust, but 7,000 12-month high: $1.34 Retail prices index current rate prev. month with construction. costs, including redundancies low: $1.15 The idea mooted this and permanently closing 0.8% 1.9% EURO weekend of the state three manufacturing sites in 5,902.12 Average weekly earnings on prev. month on last year certainly 6,000 EUR > GBP underwriting 95% mortgages Falkirk, Llan and Livingston, 59.45 H: 7,674.6 £539 U 1.8% V 0.1% would also be a boost. which pushed it to a pre-tax 1.02% L: 4,993.9 Unemployment current rate prev. month not cheap Meanwhile, the spring budget loss of £16m. 5,000 €1.10 FTSE 250 U 0.01 set out spending plans aimed Analysts saw Marshalls’ 12-month high: €1.20 1.4m 4.1% 3.9% 2019 2020 low: €1.06 By the time families had spent at capital investment projects decision to return the Source: Thomson Reuters Eikon Manufacturing output on the year on last month six weeks in lockdown, they such as new schools, furlough money as paving the RISERS FALLERS YEN were ready for a home hospitals, roads and rail. way to reinstating its 888: 264p U 27.2% on gambling deal Rolls-Royce: 113.6p V 26.6% on rights YEN > USD V 9.4% U 6.3% improvement project. A new Marshalls makes just over dividend. The shares have Investec: 150p U 17.6% on sentiment issue Centamin: 156.6p V 21.4% on Retail sales on the year on last month Liontrust Asset Management: £13.95 halting work TP Icap: 217.2p V 19.7% on driveway? Garden paving to two-thirds of its sales from fallen 25.8% overall since the U 17.2% on Asia sale Workspace: 562p dividend cut Networkers International: ¥105.37 U 2.8% U 0.8% make the work-from-home public sector and commercial start of the year, although 17,395.81 U 16.5% on cheaper rent hope 253.4p V 12.6% on continuing woes V 0.23 view a little brighter? projects, so it is well placed to they have perked up since 351.69 H:22,108.3 Standard Life Aberdeen: 240.1p William Hill: 278p V 11% on 12-month high: ¥112.11 U 14.9% on extending share buybacks underwhelming bid Source: Refinitiv/AJ Bell low: ¥102.34 The flurry of activity take advantage. that announcement, closing 2.06% L:12,829.7 UK trade latest 3 mths prev. 3 mths latest 12 mths OIL balance (£bn) pushed sales at paving slabs It should be largely at 658.5p, valuing it at £1.3bn. DOLLARS/BARREL +12.01 +0.87 +21.21 manufacturer Marshalls back insulated from the ending of Panmure Gordon has a DOW JONES HANG SENG FTSE EUROFIRST Gross domestic latest quarter prev. quarter annual change up to 94% of pre-Covid levels the furlough scheme: its core 770p price target on the 27,682.81 23,459.05 1,405.35 product by July. By August, they had customer base comprises stock, while Canaccord is $39.27 V 20.4% V 2.2% V 21.7% 508.85 H:29,551.4 223.63 H:29,056.4 25.35 H:1,690.8 V 2.65 bounced back completely. homeowners over the age of more cautious at 605p. While Budget deficit latest month prev. month year-to-date 1.87% L:18,591.9 0.96% L:21,696.1 1.84% L:1,096.5 12-month high: $71.95 (PSNB) in £bn The rebound allowed the 55, who are less affected it may take a few years for low: $15.98 -35.9 -15.4 -173.7 FTSE 250 company to given their age and income. earnings to recover fully, NASDAQ SHANGHAI SENSEX GOLD announce last month that it Lockdown pushed first- Marshalls appears to have 11,075.02 3,218.05 38,697.05 DOLLARS/TROY OZ would repay the £9.4m it weathered the Covid-19 161.45 H:12,056.4 1.37 H:3,451.1 1,308.39 H:41,952.6 accepted in government Marshalls storm.