DATABANK INSIDE the CITY SABAH MEDDINGS the WEEK in the MARKETS the ECONOMY Consumer Prices Index Current Rate Prev

10 The Sunday Times June 10, 2018 BUSINESS Oliver Shah LETTERS for his marriage to 31-year- week, as no-nonsense Send your letters, including bloated spending on the third “The only thing necessary for Pester is running out of road old Jade Holland Cooper chairman Jan du Plessis SIGNALS full name and address, runway at Heathrow if the the triumph of evil is for good later this summer. finally sacked the man whose AND NOISE . to: The Sunday Times, airport operator undertakes men to do nothing.” I’m Paul Pester, somehow still dent in last year’s £1.3m pay The White Shirt Company handling of several scandals 1 London Bridge Street, the scheme, reminded me of about to confront a £300m-a- chief executive of crisis- packet. Given the crisis at might seem like a two- had left the share price at less London SE1 9GF. Or email: a retail fitting-out project at year non-profit organisation stricken TSB, is the alpha- TSB, you might have thought pronged attack on power than half its 2015 value. [email protected] the airport before BAA was of the kind Johnson Mamil of the banking world: the lender’s action man couple Nick Wheeler and With his luscious mane of Letters may be edited taken over by the Spanish describes. To justify my a 54-year-old never happier would be giving this year’s Chrissie Rucker, who run hair and matinee idol good company Ferrovial (“Airlines intervention I have chosen than when he’s cycling, triathlon on August 4 a miss. Charles Tyrwhitt Shirts and looks, Patterson, 50, could We must work harder plot to hijack Heathrow John Stuart Mill: “Let not any running or swimming in his Apparently not: there’s no The White Company easily find a new career as a to keep shops open runway”, last week). At one pacify his conscience by tight Lycra one-piece. crisis too great — not even respectively. “All is fair in shampoo model — his Though there is little they can completion I was asked for the delusion that he can do Every year since 2014, wrongly declaring some of love and war,” sighs Wheeler. nickname is Palmolive Boy. do to improve the national feedback and said that the no harm if he takes no part, Pester has challenged his the bank’s customers dead — But some less-than- picture for some of the retail way they carried on meant and forms no opinion.” TSB underlings to race him in to stand in the way of Pester heartbroken BT staff seem to outlets feeling the pinch, our costs were double that of Peter Harris, Watford the London Triathlon. He and his Lycra. If any of the So long, Gavin — think he’d be more suited to business improvement working on a shop elsewhere. sponsors 100 TSB athletes other competitors are TSB flogging heartburn remedies. districts (BIDs) have been They were aghast — they had with £50 each, doubling that customers, he may have to like your hair A meme doing the rounds making a substantial impact expected the costs to be at BESTSELLING BOOKS for the few staff (two in 2017) run a little faster than usual. Flamboyantly coiffed BT features a mock-up of Burning Man festival in the on the high street by offering least three times more! The Chimp Paradox who beat his time. It can’t boss Gavin Patterson came Patterson on an advert for Nevada desert was started by tailored local support (“A Patrick Hogan, Beaconsfield, Steve Peters 1 Vermilion (6,521) have made too much of a crashing down to earth last Gaviscon indigestion tablets hippies — but now Silicon nation that no longer values Buckinghamshire Superdry star — rebranded “Gavisgon”. Valley tycoons have ruined its shopkeepers”, last week). Shoe Dog Phil Knight “Heartburn?” it asks. it, with this year’s theme of Newcastle, for example, Treading a bold path 2 Simon & Schuster (3,595) gets shirty “Share price turned to shit?” artificial intelligence. Danny has undergone a significant in the boardroom The Winning Formula JUST SAYING . Julian Dunkerton, the FUNNY BUSINESS Gavisgon is said to offer “fast, Fortson reports transformation since the vote It is disappointing that Luke David Coulthard whiskery founder of long-lasting relief”. for a BID in 2008. All the Johnson chose to give up 3 Blink (2,377) MAGAZINE, PAGE 59 The average . Superdry, has trademarked If only it were that easy. initiatives are developed in chairing two charities after Rich Dad Poor Dad The White Shirt Company. close collaboration with local their “prolonged mediocrity” 4 Robert T Kiyosaki I don’t have that Dunkerton left Superdry businesses, with a clear focus (“The boardroom dilemma: Plata (2,048) figure to my in March. The White Shirt May’s near-miss TWITTER POLL on providing a tangible to quit, speak out or stay?”). Be More Pirate Company trademark is for return on investment. Sharpening strategic 5 Sam Conniff Allende at Cavendish Portfolio Penguin (1,930) fingertips “clothing, footwear and Yes No As a result, Newcastle is priorities, reviewing the headgear”. There was an awkward one of the few places to have management structure and Black Box Thinking Matthew Syed “I’ve trademarked all sorts moment at Cavendish had a net gain in new retail having regular appraisals, 6 John Murray (1,704) of things in my time,” says Corporate Finance’s 30th 57% 43% outlets, and has seen double- creating benchmarks drawn Who Moved My Cheese? Dunkerton, 53. “Don’t get birthday bash last week digit growth in footfall. from better-performing Spencer Johnson too excited.” He says he has when Lord Feldman of Retail makes a huge charities and refocusing 7 Vermilion (1,511) been “incredibly busy” since Elstree, former Tory deputy contribution to the economic board agendas are a few of Start With Why leaving Superdry. treasurer and university vibrancy of our towns and the changes he could have 8 Simon Sinek “I forgot how many other tennis partner of David cities. We just need to work initiated, and it need not have Penguin (1,462) Marion Sears, who chairs businesses I have,” he says. Cameron, bumped into harder to keep shops open. taken undue time to do so. Bullshit Jobs David Graeber housebuilder Persimmon’s As well as buying The Lucky Theresa May, who cleared Adrian Waddell, chief Peter Reeves, Hove, 9 Allen Lane (1,428) remuneration committee, Onion group of country pubs out Dave’s cabinet. executive, Newcastle NE1, East Sussex The 4-Hour Work Week when asked by MPs what and hotels in the Cotswolds, It was all very polite, Following news of House Newcastle upon Tyne Timothy Ferriss workers are paid. he has built a cider factory apparently. Lord Leigh of of Fraser’s restructuring, Luke Johnson quoted 10Vermilion (1,413) Persimmon boss Jeff outside Cheltenham. Hurley, 59, stepped in to is the department Overspending is nothing Edmund Burke to offer an Bestseller List prepared by Nielsen Fairburn took home £75m Smart moves — that’s the escort the prime minister store format dead? new at Heathrow imperative to face up to a using data supplied by and copyright to Nielsen BookScan, taken from the earlier this year. venue and the booze sorted away. Another crisis averted. @ST_Business Willie Walsh’s “zero” complacent, incompetent or TCM for the four-week period confidence over avoiding otherwise ineffective board: May 6-June 2, 2018 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 2.4% 2.5% conservative estimates put BioMedica earns a royalty USD > GBP BioMedica peak sales at £1bn. Oxford from this medication, too. 7,800 CPI including housing current rate prev. month BioMedica stands to receive a The company made 7,600 $1.34 2.2% 2.3% royalty on every treatment. £37.6m in sales last year and U 0.01 Retail prices index current rate prev. month has right The deal is a critical part of is still loss-making. However, 12-month high: $1.44 7,400 low: $1.26 the strategy the company set ebitda losses fell from £7.1m 3.4% 3.3% EURO formula out two years ago of spinning in 2016 to £1.9m last year. 7,681.07 7,200 Average weekly earnings on prev. month on last year out or licensing its therapy Moreover, the use of DNA to 20.70 H:7,903.5 EUR > GBP 7,000 £515 0.4% 2.6% for growth pipeline rather than take on treat diseases is expected to 0.27% L:6,866.9 U U Unemployment current rate prev. month all the risk itself. grow into a $10bn sector with 6,800 €1.14 Oxford BioMedica is now the company well-placed to FTSE 250 V 0.01 J J A S O N D J F M A M 12-month high: €1.16 1.42m 4.2% 4.2% It’s been a turbulent year for worth £594.9m. However, the take a share of this. low: €1.07 British biotech. Shield latest deal is not central to the Oxford BioMedica raised Source: Thomson Reuters Manufacturing output on the year on last month YEN Therapeutics, Faron and company’s core valuation. Its £19.3m through an equity RISERS FALLERS YEN > USD U2.9% V0.1% ImmuPharma have all key technology is a harmless placing in March to expand its Oxford BioMedica: 961.8p, U 38.6% Carpetright: 32p, V 13.5% on CVA Ophir Energy: 48.7p, V 13.1% on Retail sales on the year on last month crashed on failed clinical virus (lentivector), which it facilities.

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