10 The Sunday Times November 15, 2020 BUSINESS Liam Kelly QUINDELL History made at now led by Bill Winters and deserted Big Apple, asset Quindell’s Terry keeps chairman Jose Viñals, settled management titan Martin FUNNY BUSINESS StanChart at last its claims with the DoJ last Gilbert laments the closure of year and paid a $1.1bn (then golf clubs, and former Grant new firm in the family When writing the complete £842m) fine, so is clear to Thornton boss Sacha story of a 167-year-old glorify its past once again. Romanovitch sympathises Rob Terry is up to his old Terry, who now sports a institution, what harm could with the poor (no, not the tricks again. The disgraced suspiciously dark hairdo a few years’ delay do? Back in accountancy partners who founder of Quindell, the compared with his 2016, Standard Chartered A horror story forced her out as the firm’s insurance technology previously greying thatch, halted publication of its profits slumped). developer he was ousted declines to comment. official history at such short from Souter The book may not be great from in 2014 amid scandals, As well as running OS3 — notice that it had to rescind One book that has had a less for people whose spirits need has been building up OS3 which posted a £10.9m pre- more than 300 invitations to tortured birth is Leaders in lifting, however. “As we come Digital, another venture in tax loss last year — the couple City types for the launch of Lockdown, a series of out of lockdown, things will the insurance sector. own Quob Park, a 170-acre Crossing Continents. Written interviews with high-flyers by get horribly worse,” Terry stepped down as Hampshire estate that has by the author and historian former BBC news executive Stagecoach founder Sir Brian chief executive last year, but just launched a range of Duncan Campbell-Smith, it Atholl Duncan. Former Souter tells Duncan. remained on the board and English sparkling wine. spans the beginnings of New York Times boss Mark has since made himself A source close to Terry Standard Bank in Africa and Thompson talks of cycling executive chairman. insists that shareholders are Chartered Bank in Asia his Brompton around a Business and Fortunately for him, he did on board and Tracey, 49, is through to their 1969 merger not have to look far for a new “more than qualified” for the and the present day. politics can mix chief executive. After a job. But it is surely enough to Recent history got in the Oh for a prime minister who “strategic review”, the make governance wonks — way of the party. At the time, is happy to lend an ear to 51-year-old has picked ... and the small investors who the FTSE 100 giant was being business. Alfie Best seems to TWITTER POLL Tracey Terry, his wife and lost millions when Quindell pursued by the US have found one. The caravan Yes No a former Quindell finance imploded — spit out their Department of Justice (DoJ) park tycoon, whose latest director, for the job. bubbly in disgust. Fizzing back: Rob Terry has launched a new wine range over sanctions-busting in bold bet is running his Iran and had been gripped by Wyldecrest Parks remotely 60% 40% 6 Leather is the new Lycra, at least if the moves at Sir Jim boardroom turmoil, with from the Caribbean, has been Ratcliffe’s sprawling empire are anything to go by. Fran Millar, JUST SAYING . chief executive Peter Sands cosying up to Mia Mottley, who ran the Ineos billionaire’s professional cycling team for and chairman Sir John Peace prime minister of Barbados. 18 months, has hopped off the saddle to become chief forced out. Best, 50, who I am assured executive of Belstaff, Ratcliffe’s jacket-maker. The 42-year-old Constantly changing national Four years later, Prufrock is happily married, got used replaces former Anya Hindmarch and Karl Lagerfeld and local regulations ... are can reveal that the 944-page to life on the island during executive Helen Wright, 54, after years of disappointing tome will finally hit the lockdown and, as the photo performance. It lost a combined £100m in 2017 and 2018. baffling and confusing bookshops next May. “I don’t shows, has had a warm With ministers poised to While Millar led the peloton at Team Ineos, formerly Team actually know what reception from Mottley, 55, tighten rules on foreign Sky, two of its riders — Colombian Egan Bernal and Britain’s happened,” Campbell-Smith, who became PM in 2018. The takeovers, do you think it Tao Geoghegan Hart — won the Tour de France and Giro JD Wetherspoon founder Tim Martin 69, says of the delay. opposite of how Boris should be more difficult d’Italia, respectively. Monaco-based Ratcliffe, 68, will be lashes out at the latest Covid restrictions A cynic might point out Johnson has been treating to buy British firms? hoping, that under Millar, Belstaff will be similarly successful. as sales slump at the pubs chain that Standard Chartered, Island life: Best and Mottley business. @ST_Business DATABANK INSIDE THE CITY SABAH MEDDINGS THE WEEK IN THE MARKETS THE ECONOMY Consumer prices index current rate prev. month FTSE 100 DOLLAR in the 1930s, Diploma is a jack- Life sciences make up FTSE 100 USD > GBP 0.5% 0.2% of-all trades FTSE 250 about 25% of the group, CPI including housing current rate prev. month Diploma 8,000 provider of industrial seals, largely focused on Australia $1.32 0.7% 0.5% gaskets, wiring and cabling, and Canada, with the rest U 0.01 banks on along with healthcare spread across industrial and 12-month high: $1.34 Retail prices index current rate prev. month 7,000 low: $1.15 equipment used in elective specialist wiring and cabling. 1.1% 0.5% surgery. The specialist nature Much depends on how EURO medics for 6,316.39 Average weekly earnings on prev. month on last year 6,000 EUR > GBP of much of the equipment has quickly health services clear 406.37 H: 7,674.6 allowed Diploma to thrive on the elective surgery backlog. 6.88% L: 4,993.9 £553 U 0.2% U 1.3% Unemployment current rate prev. month recovery margins of more than 17%. The acquisition of Windy 5,000 €1.12 The company also has a City Wire builds on Diploma’s FTSE 250 U 0.01 12-month high: €1.20 1.62m 4.8% 4.5% When Johnny Thomson, the “buy and build” strategy, controls division — which 2019 2020 low: €1.06 Source: Thomson Reuters Eikon Manufacturing output on the year on last month boss of Diploma, announced creating earnings growth by supplies Formula One and the YEN in September that he was snapping up niche suppliers. new Crossrail and HS2 rail RISERS FALLERS SSP: 329.8p U 76.6% on vaccine hopes Fresnillo: £11.24 V 14.2% on silver price YEN > USD V 7.9% U 0.2% spending £357m on an The pandemic has taken its lines — and brings a network Capita: 39.2p U 62.6% on upbeat drop Games Workshop: 98.5p V 14.1% Retail sales on the year on last month American acquisition, he was toll, however: in April, its with warehouses across update Cineworld: 43.8p U 52.1% on on profit taking Hochschild Mining: rewarded with a 27% bounce underlying revenue plunged America. Despite the deal, its leisure surge Capital & Counties: 141p 235.4p V 12.9% on metals decline ¥104.59 U 4.7% U 1.5% 19,270.00 U 40.1% on property outlook Gamesys: £10.54 V 12.2% on tech drop U 1.26 in the company’s shares. 28% (16% on a reported basis debt remains low at one times 1,352.17 H:22,108.3 International Airlines Group: 144.6p Ocado: £22.83 V 11.5% on vaccine 12-month high: ¥112.11 progress Source: Refinitiv/AJ Bell low: ¥102.34 The acquisition of Windy thanks to acquisitions). Its life underlying profits. 7.55% L:12,829.7 U 39.6% on travel prospects UK trade latest 3 mths prev. 3 mths latest 12 mths City Wire bought Diploma, sciences sector was hardest Shares in the company OIL balance (£bn) +8.62 +9.47 +22.04 which supplies technical hit, due to the cancellation of closed on Friday at £22.96, DOLLARS/BARREL DOW JONES FTSE EUROFIRST Gross domestic latest quarter prev. quarter annual change products and services, non-urgent surgery, when it valuing it at £2.9bn. HANG SENG product greater clout in the US and was down 39%. But by July, it Analysts have so far been 29,479.81 26,156.86 1,489.57 $42.78 U 15.5% V 19.8% V 9.6% 4.84 propelled it to a valuation of had bounced back and was cautious: Berenberg has a 1,156.41 H:29,551.4 443.89 H:29,056.4 71.44 H:1,690.8 U Budget deficit latest month prev. month year-to-date 4.08% L:18,591.9 1.73% L:21,696.1 5.04% L:1,096.5 12-month high: $71.75 (PSNB) in £bn more than £2.5bn. It was no just 6% down on last year. £21.50 target on the stock, low: $15.98 -36.1 -30.1 -208.5 surprise: Thomson had There is also a lot of pent-up while Numis is predicting NASDAQ SHANGHAI SENSEX GOLD joined from the catering giant demand for elective surgery.