DATABANK INSIDE the CITY EMMA DUNKLEY the WEEK in the MARKETS the ECONOMY Consumer Prices Index Current Rate Prev
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10 The Sunday Times July 14, 2019 BUSINESS Liam Kelly LETTERS The airline’s founder is lawyers busy: during this Send your letters, including in your article on Sanjeev seal, which identifies a beer Slade shoots himself in the foot waging two separate legal summer and during all SIGNALS full name and address, Gupta. That’s the whole story as a genuine, independent, wars against a serviced seasons,” Haji-Ioannou, 52, AND NOISE . to: The Sunday Times, in a nutshell (“How Sanjeev craft product made by a Property doyens including Andy Gulliford, a former offices provider and a maker says. They will be extra busy 1 London Bridge Street, Gupta built an empire on small brewer. Andrew Jones of London Healey & Baker partner who of cleaning liquids. here: both Easy Offices and London SE1 9GF. Or email: risky alchemy”, last week). James Calder, chief executive, Metric and David Sleath of sat on Helical’s board, gave He has launched copyright Easy Cleaning have launched [email protected] There is zero reason to Society of Independent Segro gathered at Claridge’s the first speech. He infringement claims against counterclaims, arguing that Letters may be edited believe that Gupta will be Brewers, Ripon, hotel in Mayfair on compared Slade to a cross Easy Offices and Easy because they have traded for able to run any of these steel North Yorkshire Wednesday evening to toast between Rik Mayall and Cleaning Solutions over their years the easy trademarks Turbocharged valuations assets better than Arcelor or the retirement of Mike Slade, Bruce Forsyth and recalled a use of a certain word. The should be revoked. suited investors anyone else; the Mittals must Filling stations have a key Helical’s long-serving boss. memorable shooting trip. Monaco-based billionaire is BenevolentAI was never be breathing a sigh of relief role in electric expansion Slade, 72, one of the “We were standing in line famously protective of his worth $2bn (“New blow to that they got any money for It was good to read of Shell’s industry’s most flamboyant on a glorious autumn day, orange-and-white marques, Emails handicap Woodford as tech star’s value the mills. As for the term wish to promote the use of characters, was due to step quiet with anticipation of the and sets aside about £3m a slides”, last week). It suited “Greensteel”, who would electric vehicles (“Shell down the next morning after opening partridge drive,” year from his easyGroup Gilbert’s game the existing shareholders to believe this nonsense, other demands boost for electric 35 years in charge, having said Gulliford, 72. “Suddenly, empire — which includes To the Renaissance Club in keep raising the valuation, than children and Scottish cars”, last week). I would like turned Helical — originally a cry resounded that easyGym, easyDogwalker North Berwick, where the especially fund founder National Party politicians? to imagine a situation in Helical Bar — from a maker of reminded me of the shout of and easyTennis — to pursue Scottish Open hosted its The 18,000 redundancies at Neil Woodford, who could Richard Bassett, Hurst, which the oil companies used steel into a landlord with ‘My ball!’ from a Welsh full- “brand thieves” that hijack annual pro-am curtain-raiser Deutsche Bank show we’re mark up the supposed worth Berkshire their networks of filling properties such as The back. This particular shout his 1,000 trademarks. on Wednesday. still feeling the economic of his holding. stations to provide facilities Bower in east London. was from Mike. ‘My bird!’ he “I always like to keep my Among the ams were effects of the 2008 crash — He has a record of Brewing giants are trying to for fast charging of batteries. cried. Sure enough, we England football captain and there’s more turmoil manipulating the valuations lead craft beer fans astray If “fast” is not quite as fast as looked up and there was this Harry Kane, Vernon Kay, the on the way, argues Niall of illiquid listed or private AB InBev boss Carlos Brito we would like, they could JUST SAYING . black dot up in the sky. There FUNNY BUSINESS TV presenter, and Martin Ferguson companies, due to the size of says that most drinkers “don’t provide a pleasant was Slade, immaculately Gilbert, vice-chairman of his positions, but also his — know and are not interested” environment for customers to dressed in his rather tournament sponsor NEWS REVIEW, PAGE 26 ultimately perverse — in who makes their beer enjoy a coffee while reading My blood ostentatious new shooting Standard Life Aberdeen. incentive to drive up the (“The beer boss with a thirst The Sunday Times. suit and supremely Golf-mad Gilbert was value of his own fund’s NAV. for takeovers”, last week). This would be so much runs orange. confident. He fired. The teamed with former world TWITTER POLL It is a classic bubble that is Drinkers do care. A simpler than placing the This is result was a dead blackbird.” No 1 Rory McIlroy and Brian bursting, and others have YouGov survey for the SIBA responsibility for charging on Slade’s speech culminated McFadden, the Westlife Yes No been complicit. British Craft Beer Report 2019 hard-pressed local councils. my life. in a thank you to his wife, crooner. The trio came Now, Woodford Equity found that only 2% of Henry Haslam, Taunton Heather, for 46 years of ninth, well behind winners Income needs to be consumers believe that craft marriage; “47,” she corrected Russell Knox and sports 29% 71% restructured into a good beer can be made by Put my name down for a from the audience. Slade broadcaster Eilidh Barbour. fund/bad fund, much as the multinationals such as remuneration committee paused. “I’m always the Gilbert, 64 yesterday, has banks with worthless assets AB InBev; 98% think that it Oliver Shah asks who would underbidder!” he exclaimed. seen his handicap slide from were restructured. Many of can be made only by small or want to be the chairman of a 5 to 15 — and smartphones the bad-fund assets are going independent brewer. remuneration committee may be to blame. to be worthless, but, with By acquiring brands with (Agenda, last week). Well, the Life’s no beach for “Martin’s coach tells him professional management, “craft” credentials, such as latest annual reports show Superdry boss he would be even better if he perhaps some value can be Camden Town and Goose that Barclays paid Crawford Julian Dunkerton Stelios lawyers just focused on golf during a salvaged. Island, AB InBev and other Gillies £222,000 for his non- on his passion for Sir Stelios Haji-Ioannou round, rather than doing Is Wetherspoon boss Tim Name and address supplied companies are seeking to pull exec work; Sainsbury’s paid the retail business he won’t be getting much emails between shots,” a Martin right to say that the the wool over the eyes of Dame Susan Rice £122,000. founded, after it fell downtime this summer — source sighs. economics risks of a no-deal Gupta can’t produce a discerning consumers. I suspect quite a few people to an £85m loss and not just because of liam.kelly@ Brexit are overstated? miracle from steel plants Drinkers should look out would be happy with this for easyJet’s continuing woes. sunday-times.co.uk @ST_Business “It’s playing roulette with for SIBA’s assured working a few days a month. public funds,” said an adviser independent craft brewer Ed Wood, Basingstoke DATABANK INSIDE THE CITY EMMA DUNKLEY THE WEEK IN THE MARKETS THE ECONOMY Consumer prices index current rate prev. month FTSE 100 FTSE 100 DOLLAR quarterly results last week, Premier’s investment USD > GBP 2.0% 2.1% This fund blaming record-low inflows. performance “has been 7,800 CPI including housing current rate prev. month Premier focuses on multi- deteriorating recently”. $1.26 1.9% 2.0% asset funds that invest not just Across the market, fund U 0.01 manager in stocks, but bonds, sales fell to £1.3bn in May 7,400 12-month high: $1.34 Retail prices index current rate prev. month low: $1.24 commodities and property, compared with £1.6bn for the 3.0% 3.0% EURO is feeling helping to cushion the blow if same month last year. 7,505.97 Average weekly earnings on prev. month on last year equity markets tumble. Its Fees are under intense 47.17 H:7,790.2 7,000 EUR > GBP products are popular with scrutiny. The Premier 0.62% L:6,536.5 £532 U0.6% U3.1% the heat financial advisers, who Optimum Income fund, for 6,600 €1.12 Unemployment current rate prev. month account for most of their example, has an annual FTSE 250 W 0.00 2018 2019 12-month high: €1.18 1.30m 3.8% 3.8% It is a tough time to be a fund sales. Analysts at the broker charge of more than 1% and low: €1.10 Source: Thomson Reuters Manufacturing output on the year on last month manager. Neil Woodford, the Liberum reckon this route trading costs of almost 2.5% YEN epitome of the star stock- will continue to show on top — hardly palatable RISERS FALLERS Enquest: 22.4p U 18.1% on oil price hike Thomas Cook: 5.4p V 58.9% on rescue YEN > USD V0.8% V3.9% picker, has pulled down the “structural growth”. when passive funds cost as Sirius Minerals: 16.8p U 13% on trading plan Robert Walters: 495p V 21.2% on Retail sales on the year on last month shutters on his flagship equity However, Mike O’Shea, little as 0.1% a year.