DATABANK INSIDE the CITY BEN WOODS the WEEK in the MARKETS the ECONOMY Consumer Prices Index Current Rate Prev
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12 The Sunday Times November 10, 2019 BUSINESS Liam Kelly LETTERS deadpanned. “There’s Easterbrook was sacked as Send your letters, including electric vehicle continues to committed many faults, the You wing tsun, you lose some another story there but I’ve McDonald’s chief executive SIGNALS full name and address, improve as the market grows. newspaper’s condition only got 11 minutes and 16 last Sunday for having a AND NOISE . to: The Sunday Times, Audrey Gallacher, director should not be exaggerated. Its Leon founder John Vincent discovered the martial art seconds [left].” consensual relationship with 1 London Bridge Street, of policy, Energy UK, circulation has dwindled by may know how to kung-fu wing tsun and applied its FTSE 100 grocer Ocado is a colleague — subsequently London SE1 9GF. Or email: London EC2 some 60% since acquisition kick, but it doesn’t stop him teachings to his career. suing Jonathan Faiman, who he resigned from the board [email protected] by the Barclay brothers in putting his foot in it. On stage at Leon’s HQ in went to nursery school with of retailer Walmart. Letters may be edited BMW’s loose words 2004, but several rivals have Among those celebrating Southwark, south London, Steiner, amid claims of On Tuesday it emerged cost Rover dear seen bigger declines and The the launch of the fast-food Vincent, 48, asked the crowd corporate espionage. that Boeing boss Dennis Smart meters are a boon I disagree with the Independent has abandoned boss’s book — and enjoying the name of the hymn that Faiman, 50, who denies Muilenburg had given up to electric-car drivers assessment of BMW and its print edition altogether. the “healthy” chain’s includes the lines, “Whose wrongdoing, set up a rival to tens of millions of dollars in The claims made in last Rover in “Pile up! Disastrous There are systemic meatballs and gluten-free strong hands were skilled / Ocado and struck a deal with bonuses after 346 people week’s article about electric mergers in the car industry”, problems debilitating the chicken nuggets — last At the plane and the lathe”. Waitrose, since torn up. died when two of the vehicles and smart meters are last week. BMW acquired industry that all titles need to Wednesday were former When the answer came that Can’t wait to hear the rest. planemaker’s aircraft driving in the wrong direction Rover Group at a time when it address, and it will take more chancellor George Osborne, it was Lord of All crashed last year. (“Smart meter plan ‘will put was making something called than one editor to solve. Sir Lawrence Freedman, the Hopefulness, he let out a cry McDonald’s didn’t kill brake on electric cars’ ”). profit and selling in excess of Robert Frazer, Stockport war historian, and BBC of recognition, “Oh, Liz is The price of anybody and Easterbrook, Smart meters are essential 400,000 vehicles a year — broadcaster Katie Derham, here! That’s awkward — my 52, had turned the food giant While running a start-up, to the roll-out of electric hardly an ailing company. Vincent’s wife. ex-girlfriend,” before hastily lovin’ it around, but he lost his job. should you employ your vehicles. They help motorists The “comeback car”, the BESTSELLING BOOKS Vincent’s tome, Winning adding, “Don’t worry, Katie”. Business ethics across the Muilenburg, 55, is still in partner? It can be easier than save money by charging while Rover 75, struggled to sell in not Fighting, is about how he Vincent made it up to Pond may need a reset. Steve post — unlike his predecessor hiring externally, but the big power is cheapest and bigger numbers largely due to Factfulness Hans Rosling, Ola Rosling, Anna Derham, 49, at the end of his Harry Stonecipher who was challenge is to safeguard cleanest — when demand is the reputational damage 1 Rosling Ronnlund speech by toasting her fired in 2005 for doing an your relationship, says tech low. This will limit the extra inflicted by BMW on its Sceptre (3,976) receiving an honorary Easterbrook. entrepreneur Alex Depledge demand that electric cars put “English patient” as the Rebel Ideas JUST SAYING . FUNNY BUSINESS Matthew Syed doctorate from Chester Land of the free, home of on the network at peak times. car made its debut at the 2 John Murray (3,629) University. And bringing her the brave Lothario! STYLE, PAGE 55 As the trade body 1998 Motor Show. This Let’s be clear, we Twenty Years of TalkSport on stage to dress her in a lab representing 90% of energy announcement by BMW’s 3 TalkSport (3,531) underperformed coat and stethoscope. suppliers and generators, we then chairman, Bernd Shoe Dog believe that this is the best Pischetsrieder, related to the Phil Knight Lord, make me TWITTER POLL 4 Simon & Schuster (2,846) because of our way to manage demand while high value of sterling and the green but not yet The Infinite Game own execution Nursery pals still Good idea Bad idea maintaining customer choice. need for new working Simon Sinek Running late to give a talk in So it’s not accurate to state practices at the Longbridge 5 Portfolio (2,778) issues throwing toys Madrid, Italian-American that the “industry” favours plant to cut operating costs. Rich Dad Poor Dad Tim Steiner knows how to economist Mariana 54% 46% forcibly interrupting people Sadly, the criticism created Robert Kiyosaki 6 Plata (2,753) keep a story brief. Speaking Mazzucato took to Twitter to charging their cars. Energy commercial damage for the Everything is Figureoutable during a 15-minute slot at the let her followers know why. UK is firmly opposed to this Rover 75 and Rover Group’s Marie Forleo Tech Track 100 awards “Madrid traffic is making proposal. It is equally wrong core brand, namely Rover. 7 Portfolio (2,634) dinnerin the City last me a tad late for meeting,” to claim that any suppliers David Morgan, Seaton, Devon Start With Why Simon Sinek Tuesday night, he talked tweeted Mazzucato, 51, are opposed to flexible rates, 8 Penguin (2,115) about the genesis of Ocado. founding director at UCL’s when they all view these as Barclay twins are not the StrengthsFinder 2.0 Marks & Spencer chief “I started the business Institute for Innovation and playing a critical role in the root of Telegraph’s troubles Tom Rath executive Steve Rowe after with two friends — one ex- Public Purpose. “We need Is cutting traders’ working future energy system. The Daily Telegraph was 9 Penguin (1,837) the chain suffered a 17% friend and one friend — sustainable carbon-free hours to boost diversity We will continue to work described as “part of the Black Box Thinking Matthew Syed drop in adjusted pre-tax 19 years ago. I’m suing one cities!” Maybe ditching the at the London Stock alongside a wide range of civil fabric of Britain” that’s 10 John Murray (1,824) profits to £177m for the six at the moment for theft,” car would help. Exchange a good idea or stakeholders, including broken down (“The slow Bestseller List prepared by Nielsen using data months to the end of Steiner, 49, a former liam.kelly@ a bad idea? consumer representatives, to decline of a British supplied by and copyright to Nielsen September Goldman Sachs trader, sunday-times.co.uk @ST_Business ensure that the customer institution,” last week). BookScan, taken from the TCM for the experience of charging an Though the management has four-week period September 1 to September 28 DATABANK INSIDE THE CITY BEN WOODS THE WEEK IN THE MARKETS THE ECONOMY Consumer prices index current rate prev. month FTSE 100 DOLLAR services. HSBC is one of its enough to significantly dent FTSE 100 USD > GBP 1.7% 1.7% IT crowd biggest customers. the numbers, though: half- 7,500 CPI including housing current rate prev. month The bank’s cost-cutting year sales to June rose 14% to $1.28 1.7% 1.7% drive sparked concerns that £134m, and pre-tax profits 7,250 V 0.02 expected 12-month high: $1.34 Retail prices index current rate prev. month FDM’s contract could be hit. climbed 9% to £25m. If Brexit low: $1.20 That, coupled with fears that leads to a downturn, the hit 7,000 2.4% 2.6% EURO to weather a Brexit blow to the economy could be more severe. That 7,359.38 Average weekly earnings on prev. month on last year EUR > GBP could choke off demand said, FDM has weathered 56.96 H:7,727.5 6,750 from customers such as the economic storms before. 0.78% L:6,536.5 £542 U0.2% U3.6% the storms government, has rattled While rival IT services 6,500 €1.16 Unemployment current rate prev. month FTSE 250 W 0.00 investors. firms suffered when the 2018 2019 12-month high: €1.18 1.31m 3.9% 3.8% HSBC may struggle to raise The shares are down 26% financial services sector low: €1.07 Source: Reinitiv Manufacturing output on the year on last month much Christmas cheer at its to 756p since May, although reined in costs during the RISERS FALLERS YEN Canary Wharf headquarters. they have recovered a little banking crisis 11 years ago, Saga: 58.1p U 20.6% on continuing Intu: 35.3p V 19.3% on cash shortage YEN > USD V1.7% V0.7% A long shadow has been cast from their fall to 647p in FDM proved resilient. It revival Games Workshop: £53.75 Funding Circle: 99p V 15.2% on Retail sales on the year on last month over this year’s party season October when the HSBC recorded sales growth of U 18.7% on raising expectations continuing woes Woodford Patient TI Fluid Systems: 220.5p U 15.7% on Capital Trust: 32.3p V 14.8% on NAV ¥109.27 U2.1% V 0% by the banking giant’s announcement was made.