DATABANK INSIDE the CITY SABAH MEDDINGS the WEEK in the MARKETS the ECONOMY Consumer Prices Index Current Rate Prev
Total Page:16
File Type:pdf, Size:1020Kb
10 The Sunday Times November 8, 2020 BUSINESS Jamie Nimmo VICKI COUCHMAN “no amount of Zoom calls vendetta. Unfortunately for That’s a bit rich Coffee storm darkens can create that creativity”. the Welshman, Acoba was FUNNY BUSINESS No doubt Mitie’s frazzled unconvinced and found him on rates, Julian barista would agree. in breach of the ministerial Miami Phil’s Mitie day code. “It is not for a former Julian Richer, the right-on minister to decide for him or founder of hi-fi retailer Richer Phil Bentley is known as got off to a rocky start. The Steel maestro’s herself how to manage these Sounds, has vented his something of a bruiser, gravel-voiced Yorkshireman, risks,” it said. Gupta’s man of frustration over store chains although analysts and not realising the camera was flexible friend steel may have to bend. such as Tesco benefiting from investors tend to see only the already rolling, was Steel tycoon Sanjeev Gupta’s huge business rates relief Mitie boss’s sunnier side. displeased when a flunky growing army of influential while coining it in during the There was a glimpse of scuttled in to give him a advisers continues to raise BUSINESS pandemic. stormier weather last coffee. Bentley berated the eyebrows in Westminster. He told the CBI Wednesday. Bentley, 61, hapless minion, saying: “You Among the new recruits is BESTSELLERS conference: “They have got known as Miami Phil for his can’t do this — we’re the former first minister of Relentless customers queuing around Eddie Hearn time in Florida running Cable supposed to be broadcasting Wales, Carwyn Jones, who 1 Hodder & Stoughton (5,953) the block. Why have they had & Wireless Communications, live. Right? Somebody needs joined the advisory board of The Anarchy a rates holiday?” Yet which was due to discuss good news to put a sign on the door — no GFG Alliance last month, 2 William Dalrymple company does Richer, 61, with a City audience on one to come in.” having first worked with Bloomsbury (3,999) advise in his spare time? Rich Dad Poor Dad Zoom: Mitie, the mop-and- On being told, sotto voce, another Gupta firm, Simec. Robert Kiyosaki Marks & Spencer, which has bucket outsourcer, had that Zoom was in fact live, Unluckily for Jones, he’s 3 Plata (3,905) been doing precisely that! improved the terms for its with his suited guests waiting still within the two-year Rebel Ideas purchase of rival Interserve’s rapt for details of the extra window for scrutiny by the Matthew Syed 4 John Murray (3,098) cleaning and maintenance deal synergies, Bentley Advisory Committee on Forget about the How to Make the World Add Up TWITTER POLL business by almost a third, suddenly switched on the Business Appointments 5 Tim Harford photocopier and was, in effect, paying twinkle-toothed charm. (Acoba). In a fiery exchange Little Brown (3,018) Yes No £190m rather than £271m. In September, the former of letters, Acoba chairman Start With Why Office Christmas parties are Caffeine conniption: Mitie boss ‘Miami’ Phil Bentley Simon Sinek But the digital pow-wow British Gas man told us that Lord (Eric) Pickles pointed 6 Penguin (2,095) off the menu this year, so out that as first minister, what will companies do with 19% 81% Never Split the Difference 6 Newsflash! Property millionaire Nick Candy is in talks to Jones may have had access to 7 Chris Voss and Tahl Raz the booze budget? invest in the new right-leaning news channel GB News, JUST SAYING . highly sensitive information Random House Business (1,937) Mark Hawthorn, chief chaired by Andrew Neil and backed by US media giant about the steel industry. Shoe Dog executive of Bolton-based Discovery. The discussions, revealed by the Betaville website, Gupta, 49, owns the Phil Knight property firm Landmark, is This is about job security, pay and 8 Simon & Schuster (1,747) are ongoing and may not come to anything, Candy tells me. Newport steelworks and has The Intelligent Investor launching Xmas Party The flashy developer declines to say more, other than to offer, grading, rights at work and the future long coveted Tata’s Port Benjamin Graham Heroes, a campaign to get in typically modest fashion: “They approached me.” Candy Talbot plant. Jones, 53, shot 9 HarperBusiness (1,735) corporates to donate their hasn’t had much luck investing in media. AIM-listed podcast direction of the company ... They are back that his GFG role was Factfulness party budgets to charity. Should Sainsbury’s be Hans Rosling et al company Audioboom, in which he is the biggest shareholder, putting profit before people focused on energy and he 10 Sceptre (1,717) Hawthorn, 40, already has paying a £230m dividend failed to find a buyer last month, while music streaming-cum- had recused himself from big hitters such as builder after receiving a similar Bestseller list prepared by Nielsen using social media disaster Crowdmix, into which he ploughed Dave Ward, general secretary of the meetings about steel. He data supplied by and copyright to Barratt on board. Sounds sum in business rates relief £10m, collapsed before launch. GB News might ask whether Communication Workers Union, hits out accused Pickles of a Nielsen BookScan, taken from the TCM much more appealing than from Rishi Sunak? Candy, 47, will really bring the sweet dose of luck it needs. at BT over planned job cuts politically motivated for the four-week period to October 31 a Zoom party to me. @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 0.5% 0.2% has also reimbursed junior second lockdown, and in the USD > GBP CPI including housing current rate prev. month This house staff for salary sacrifices medium term, housebuilders 8,000 made during the crisis. At the will benefit from the Help to $1.31 0.7% 0.5% same time, it said it would Buy scheme until 2023. U 0.02 is built on 7,000 12-month high: $1.34 Retail prices index current rate prev. month resume final dividend Morgan Sindall’s average low: $1.15 payments and declared an daily net cash, a key metric in 1.1% 0.5% EURO interim dividend of 21p, in the sector, is expected to be 5,910.02 Average weekly earnings on prev. month on last year reliable 6,000 EUR > GBP line with last year’s. £150m for the full year — 332.75 H: 7,674.6 £550 U 2.2% U 1.9% Morgan Sindall’s latest ahead of previous guidance — 5.97% L: 4,993.9 Unemployment current rate prev. month finances trading statement indicated and the group has a new 5,000 €1.11 FTSE 250 W 0.00 that business had improved £150m revolving credit 12-month high: €1.20 1.52m 4.5% 4.3% 2019 2020 low: €1.06 David Cameron did it. Nick between August and October, facility until 2023, with an Source: Thomson Reuters Eikon Manufacturing output on the year on last month Clegg did it. Even Nicola prompting it to predict that option to extend. This RISERS FALLERS YEN Sturgeon sometimes does it. full-year pre-tax profit would healthy financial position will RSA: 649p U 53.2% on takeover bid James Fisher: 802p V 29.2% on profit YEN > USD V 8.4% U 0.7% Boris Johnson is likely to do a be slightly above its £50m- allow it to be selective on the Hochschild Mining: 270.4p U 22.9% warning Serco: 108.8p V 15.9% on Retail sales on the year on last month on silver price surge Crest Nicholson: contract loss C&C Group: 150p V 7.3% lot of it next year. Yes, 2021 £60m range. The “secured contracts it pursues, 260.6p U 18.6% on dividend return on lockdown Networkers International: ¥103.31 U 4.7% U 1.5% will be a vintage year for workload” at the end of the protecting margins. 17,917.83 Taylor Wimpey: 123p U 16.5% on 206.8p V 7% on new Covid restrictions V 1.33 politicians wearing hard hats third quarter was £7.9bn, The shares have been 703.45 H:22,108.3 house prices prising Polymetal: £18.83 Aveva: £40.56 V 5.5% on rights issue 12-month high: ¥112.11 U 14.9% on gold price jump launch Source: Refinitiv/AJ Bell low: ¥102.34 and pointing at things. including projects such as the volatile over the past year. 4.09% L:12,829.7 UK trade latest 3 mths prev. 3 mths latest 12 mths OIL balance (£bn) As Britain begins the smart motorway programme. They soared after the DOLLARS/BARREL +12.93 +2.10 +18.05 painful task of rebuilding its Other projects include the Conservative election victory DOW JONES HANG SENG FTSE EUROFIRST Gross domestic latest quarter prev. quarter annual change economy, there will be Thames Tideway tunnel and in December, but plunged 28,323.40 25,712.97 1,418.13 product opportunities for those in the Sellafield nuclear site. after lockdown closed sites in $37.94 V 20.4% V 2.2% V 21.7% 1,821.80 H:29,551.4 1,605.55 H:29,056.4 92.66 H:1,690.8 U 1.51 construction with a shovel or The government has said the spring. Morgan Sindall is Budget deficit latest month prev. month year-to-date 6.87% L:18,591.9 6.66% L:21,696.1 6.99% L:1,096.5 12-month high: $71.75 (PSNB) in £bn two at the ready for well- that construction can trading at 37.5% less than its low: $15.98 -36.1 -30.1 -208.5 timed media opportunities.