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Am I a threat
Working from home to your health?
Confessions of
The battle to get you back INSIDE
TIMES2
a cake pusher
Henry Bird
Levelling-up
cash favours
southeast
over red wall
MPs accuse Sunak of failing communities
Geraldine Scott Political Reporter only half are in the 100 most deprived
Chris Smyth Whitehall Editor areas of the country. Affluent areas
Steven Swinford Political Editor such as Rutland, North Somerset and
Malvern Hills, Worcestershire, have
The southeast will be handed more been handed cash.
regeneration money today than the Henri Murison, director of the
northeast, Yorkshire and the West Northern Powerhouse Partnership
Midlands, with red wall MPs accusing lobbying group, said the amount for the
the government of “making a mockery” north was “a long way off the radical
of levelling up. economic transformation we were
Rishi Sunak’s North Yorkshire con- promised, and will not make a material
stituency of Richmond is among difference to closing the north-south
wealthy areas to be given millions in divide in productivity overall”.
funding designed to boost living stan- Sunak described the money as
dards. Sir Keir Starmer’s north London “transformational”. He will visit the Crash tragedy Olena Zelenska, Ukraine’s first lady, seemed close to tears in Davos at news of a helicopter crash next to a
constituency also benefits. northwest today to announce the nursery near Kyiv. The interior minister and a child were among 14 people killed, including all nine on board. Pages 28-29
The £2 billion-plus fund is shared successful bids, saying: “Through great-
between 111 communities across the er investment in local areas we can
UK as part of the second round of
levelling-up funding. In England 52
Tory constituencies benefit, more than
grow the economy, create good jobs
and spread opportunity everywhere.”
Catterick Garrison, a military town
King’s wind farm to generate £1bn for Britain
twice as many as those represented by in the prime minister’s constituency —
Labour MPs. the 251st most deprived council area in Valentine Low his desire to fend off any accusations of official duties — is pegged to the size of
However, Tory MPs in seats in the England — receives £19 million to up- the royals enjoying bumper funding Crown Estate profits, which last year
north and Midlands who missed out grade its high street. Part of the London The King has agreed that profits from a during a cost of living crisis, comes as rose 16 per cent to £312.7 million. These
have accused Sunak of favouring the borough of Camden represented by new Crown Estate offshore wind farm the Crown Estate confirmed the wind are expected to leap as a result of the
south. One Tory MP in the northwest Starmer gets £7 million to tackle health deal will go back into the UK economy, farm lease awards that were provision- leases. Normally the sovereign grant is
said it made a “mockery of levelling up” inequalities. giving it a boost of up to £1 billion. ally handed out two years ago. 15 per cent of the estate’s profits, but at
and added: “A government that The first round of levelling-up fund- He turned down the chance to The estate, which has already the moment it is 25 per cent to pay for
U-turned on a minister for the north is ing was also criticised for giving more to bolster palace finances so that the benefited from the growth in wind work on Buckingham Palace.
delivering for the south once again.” the south under methodology that does money is “directed for wider public technology through its ownership of The King’s move to forgo any rise in
Another Tory MP said: “People are not rank areas on deprivation levels. good” by the government. the seabed surrounding the UK, said the sovereign grant was signalled in a
apoplectic. There are some really Ministers assess the quality of Three of the six projects are off the the six projects could begin to generate letter from Sir Michael Stevens, who as
wealthy areas on the list. It looks awful. individual bids, looking at measures of north Wales, Cumbria and Lancashire green electricity by the end of the keeper of the privy purse is in charge of
It’s gone down terribly among red wall unemployment, productivity, skills and coasts, and three are in the North Sea decade and provide renewable power palace finances. Stevens, a royal trustee
MPs.” A third said: “It feels we’ve given transport to allocate money, while off the Yorkshire and Lincolnshire for more than seven million homes. of the sovereign grant, was writing to
up on the red wall. It seems bizarre that aiming for a “good regional spread”. coasts. The Crown Estate expects to The royal family in theory benefits his two fellow trustees, the prime minis-
Richmondshire is getting levelling up Lisa Nandy, the shadow levelling-up make about £1 billion a year gross for from the wind deal because the sover- ter and the chancellor, to formally let
funding.” secretary, described it as a “Hunger the first three years of the leases. eign grant — money given by the them know of the King’s decision.
Of the 80 successful bids in England, Continued on page 2 The King’s decision, which highlights government so the royals can carry out Kate puts on a brave face, page 5
2 Thursday January 19 2023 | the times
News
the bits of society we don’t want to think about ties are pitted against one another and
Whitehall ministers pick winners and
map risks Barnsley, South
Yorkshire £10 million
university campus
focused on AI and
DAVID AARONOVITCH, PAGE 23 losers”.
A government spokesman said: “All ire of red for an outdoor activity
park, revamping the
engineering.
Barking and
projects were subject to a rigorous
Aristocrat with Catalans defy Microsoft cuts assessment process under robust, fair
and transparent rules, with no involve-
wall Tories youth centre and a
new music facility.
Great Yarmouth,
Dagenham, east
London £10.6 million
for a project to deliver
convicted rapist government add to tech woe ment of local MPs.” He insisted 45 per Behind the story Norfolk £20 million to 316 homes, protect
The boyfriend of an Catalan separatists say Microsoft is axing cent of awards across both rounds had restore the town’s jobs and cut crime.
I
aristocrat who a protest at a Spanish- 10,000 jobs — 5 per gone to opposition parties. Analysis by f Rishi Sunak’s North Quay and Southampton,
disappeared with him French summit to be cent of its workforce Bradshaw Advisory found that across mission is to improve pedestrian Hampshire £20 million
and their newborn held in Barcelona — as technology firms the UK Labour-controlled councils did move the and cycle links. to upgrade an
baby is a convicted today is a show of make sweeping cuts. better than Tory-held ones. Conservative Sutton-in-Ashfield, athletics centre.
rapist. Officers have strength after the Amazon is laying off The Times revealed this week that Party past the Nottinghamshire Cornwall Nearly
been searching for Spanish government 18,000 jobs, Meta has some Tory MPs had been urged to use Boris Johnson era, £3.1 million to help £50 million for train
Constance Marten, 35, said their plans for cut its workforce by alternative words to “levelling up” then today’s turn an underground routes between towns.
and Mark Gordon, 48, independence were 11,000 and Twitter has when campaigning. Those in marginal announcement of the reservoir into a Bangor, Wales
since they went dead. A Catalan leader shed thousands of staff seats were told to say “stepping up” or second round of science centre and £9.8 million for new
missing at the start of said the comment was since Elon Musk’s “gauging up” instead, amid fears people levelling-up projects is planetarium. waterfront gardens
the month. Page 21 “provocative”. Page 30 takeover. Page 33 did not know what levelling up meant. a reminder that the Derby, Derbyshire and regeneration.
Under the allocations announced prime minister is still £20 million for a new Dundee, Scotland
today the southeast has been given bound to many of the “learning theatre”. £14 million to help turn
COMMENT 23 MARKETS 45-47 SPORT 57 funding of £210 million for ten projects. dispositions of his Blackpool, Lancashire a multi-storey car park
THUNDERER 24 REGISTER 49 CROSSWORD 68 This includes £45 million for Dover to predecessor-but-one. £40 million for a new into a sustainable
LEADING ARTICLES 27 LAW 52 TV & RADIO TIMES2 improve traffic flow between the UK It was in Johnson’s carbon-neutral transport hub.
and EU, £20 million for Farnborough to victorious 2019
FOLLOW US tackle obesity and £19.9 million to election campaign
thetimes timesandsundaytimes thetimes reopen Canterbury Castle. that he first put disappointed that the ultimately made by
By comparison Yorkshire and the levelling up at the southeast is to get ministers. It therefore
OFFER Humber was given £120 million for six core of his domestic more money for means that those MPs
schemes, including improving trans- agenda, vowing to regeneration than angered by the
Save over 50% with a subscription to port links in West Yorkshire and an “revive our towns and Yorkshire, the decisions are not
overhaul of Cleethorpes seafront. cities” by “levelling up northeast or West shouting only about
The Times and The Sunday Times The West Midlands has been given every part of the UK”. Midlands. faceless Whitehall
THETIMES.CO.UK/SUBSCRIBE £155 million for eight projects, includ- This, the manifesto Not all wealthy bureaucracy but also
ing building homes and regenerating said, required areas are without about something
brownfield sites. government to “get pockets of deprivation much more personal:
THE WEATHER © TIMES MEDIA LIMITED, 2023. The northeast had the lowest total of away from the idea” yet it will aggravate their own
Published in print and all other derivative £108 million — £18 million of that was that “all growth must Tory MPs to see government’s
formats by Times Media Ltd, 1 London Bridge
St, London, SE1 9GF, telephone 020 7782
awarded to a bid by the Tees Valley inevitably start in Sunak’s constituency priorities.
5000. Printed by: Newsprinters Combined Authority, led by the Tory London”. of Richmond and Their fear is that
4 (Broxbourne) Ltd, Great Cambridge Rd, mayor Ben Houchen, for transport Many MPs — not Sir Keir Starmer’s amid a substantial
Waltham Cross, EN8 8DY; Newsprinters networks to connect deprived areas. least those in the north London polling deficit, Sunak
(Knowsley) Ltd, Kitling Rd, Prescot, London will get £151 million for pro- north and Midlands constituency of and his team are in
21 Merseyside, L34 9HN; Newsprinters
2 28 (Eurocentral) Ltd, Byramsmuir Road,
jects including doubling the frequency who in 2019 won seats Holborn & St Pancras effect conceding areas
Holytown, Motherwell, ML1 1NP; Associated of trains to Belmont, near Sutton, and not held by Tories for benefit. of the red wall in an
Printing (Carn) Ltd, Morton 2 Esky Drive, Carn £43 million for step-free access to generations, if ever — Although the attempt at managed
4
Industial Estate, Portadown, BT63 5YY; KP Leyton and Colindale Underground thought that this government published retrenchment.
4
5 Services, La Rue Martel, La Rue des Pres stations. The east of England was heralded a conscious an explanation Whether they are
Trading Estate, St Saviour, Jersey, JE2 7QR.
3
For permission to copy articles or headlines
awarded £165 million and the south- rebalancing of running to almost right or wrong, the
5 for internal information purposes contact west £186 million. government funding 1,500 words of the political risk for
6 Newspaper Licensing Agency at PO Box 101, Overall the north received more and, more criteria against which Sunak is that the
Tunbridge Wells, TN1 1WX, tel 01892 funding than the south. One northeast fundamentally, the bids for funding would anger of these MPs
525274,email copy@nla.co.uk. For all other MP said: “This is the first time the north economy away from be assessed, decisions will embolden them
reproduction and licensing inquiries contact
Sleet and snow showers in northern Licensing Department, 1 London Bridge St,
has received more. It shows that people the south. about where to to rebel more often
and central Britain, mostly dry London, SE1 9GF, telephone 020 7711 7888, who voted for a better life and commu- So they will be allocate money were and more vocally.
elsewhere. Full forecast, page 56 e-mail enquiries@newslicensing.co.uk nity are getting it.”
the times | Thursday January 19 2023 3
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Alas, poor actors in ‘woke’ Globe shows HELEN MURRAY; DAVE BENETT/GETTY IMAGES
News
TIMES PHOTOGRAPHER JAMES GLOSSOP
Bishops refuse to
allow marriages
in churches for
same-sex couples
Kaya Burgess to say, however, whether the church
Religious Affairs Correspondent would change its teaching that gay sex
is sinful. If it does not, it would mean
The Church of England will not allow that the church still expects gay couples
gay weddings to take place in church, to remain celibate for life.
prompting campaigners to claim that Bishops said they will issue an apo-
homosexual Christians remain “second logy this week for the “rejection, exclu-
rate” within the faith. sion and hostility” gay and transgender
After a six-year process of consulta- Christians have faced in church. The
tion and months of deliberation, church will also review whether gay
bishops have said they will not change priests, who are permitted to enter into
the church’s fundamental teaching civil partnerships but not marry, may
“that holy matrimony is between one wed their partners in civil ceremonies.
man and one woman for life”. The Bishop of Oxford, the Right Rev
The church will, however, permit Steven Croft, a backer of change, told
priests to give God’s blessing to married BBC Radio 4’s Today programme: “I’m
same-sex couples for the first time, sorry that some things are not being
allowing gay couples to come for a taken forward, particularly marriage in
service of blessing or prayers of thanks- church for same-sex couples.”
giving after having a civil wedding. Christian Concern, a pressure group
It said that offering blessings to cou- that opposes the recognition of same-
ples who are already married would sex relationships in church, said: “This
provide the “fullest possible pastoral is capitulation by the Church of
provision without changing the England. The bishops have lost the
church’s doctrine”. The General Synod courage and conviction to state clearly
will debate the proposals at its meeting the beauty of God’s vision for marriage
early next month. between one man and one woman.
The Archbishop of Canterbury, the “The Church of England is making
Most Rev Justin Welby, accepted that way for the celebration of same-sex
the move will “go too far for some and marriage in all but name.”
not nearly far enough for others”, but Welby said: “This response reflects
said he hoped it would be seen as a the diversity of views in the Church of
change for the “common good”. In England on questions of sexuality, rela-
practice, liberal priests have found ways tionships and marriage — I rejoice in
to get round the ban on blessing same- that diversity and I welcome this way of
sex relationships, such as blessing the reflecting it in the life of our church.
wedding rings instead of the couple. “Most of all I hope it can offer a way
The blessings would be voluntary, for the Church of England, publicly and
meaning that no priest who objects unequivocally, to say to all Christians
would be forced to conduct them. and especially LGBTQI+ people that
The Archbishop of York, the Most you are welcome and a valued and pre-
Rev Stephen Cottrell, yesterday refused cious part of the body of Christ.” Looking a picture Jenna Hodgson-Silke will give a yoga workshop at Harewood House near Leeds at the end of the month
News
JUSTIN TALLIS/AFP
Princess
The Princess of Wales
joins in the fun of making
puts on a
masks with young
children at Foxcubs
brave face
Nursery in Luton, where
she told of the pressures
at nursery
on parents in lockdown
I
f recent weeks have holistic support for a
taken their toll, the child where there isn’t
Princess of Wales this boundary between
hid it well. She educational life . . . and
donned a mask and home life. That there is
played in the sand with more of a holistic
children at a nursery in network surrounding
Luton yesterday our children.”
(Valentine Low writes). Continuing the royal
Kate made the visit day of education, the
to highlight the Queen returned to
importance of nurseries Aberdeen University to
and their staff in the mark her ten years as
development of children. chancellor. As she
But at one point she toured the university’s
found herself in the new science teaching
unusual position of hub, Professor Graeme
being upstaged by one Paton, the head of the
of the youngsters. school of biological
Ezaan, three, was sciences, told her: “It is
playing in the sandpit the most modern in the
dressed as a world — until someone
construction worker, else does something
with a hard hat and a better.”
toy hand drill. At Dumfries House in
As the princess got in East Ayrshire, the King
the sandpit Ezaan attended a reception for
moved between the Muslim faith and
photographers and the community leaders to
princess with his arms mark the completion of
outstretched. The the Mosaic leadership
photographers were not programme. He initiated
amused but the princess telling him as he held it in Bedfordshire. She importance of nurseries. the majority of the time, looking after these kids the programme when he
burst out laughing. up to his face that he praised the children. “We really saw that I think everyone realised in their most formative was the Prince of Wales
At one of the nursery had done a good job. “They’re great kiddies,” highlighted during the how vital they were.” years but also you’re at the request of young
tables she sat down with Kate later sat down to she said. “I had a nice pandemic,” she said. Kate also said having to support faith leaders to provide
a group of three and talk with Neil Leitch, little chat with them.” “Families realised and lockdown had led to families during quite training on community
four-year-olds who were chief executive officer of She quizzed the staff communities realised, increased pressure on challenging leadership after the
making masks. She the Early Years Alliance, about their experiences [when] these spaces parents. She told of “a circumstances”. Finsbury Park terror
helped a boy finish his, and staff at the nursery and spoke about the were closed down for sense of responsibility She added: “It is so attack of June 2017.
News
News Politics
‘S
December after a below-inflation pay looming strike at Winchester, however, fees in the country. top the political games!” shopping habits, holiday
offer, The Times understands. They are would represent the first walkout over The prime minister, now arguably honked Sir Keir Starmer, destinations . . . everything, for them,
also in a dispute over pensions. disagreements involving pay at a major Britain’s most famous Old Wykeha- standing sideways as if in is selected through the prism of
Eighty-nine per cent of staff balloted independent school in the current wave mist, is understood to have donated a fencing match. He electoral politics. How will this or
voted in favour of strike action on a of strike action. more than £100,000 to the school, touched his chest to that play? How can I make myself
turnout of 83 per cent. A formal ballot The Times understands that it could along with his wife. The money is convey what a virtuous Herbert he look better than my opponent?
has begun and is expected to return a yet be followed by industrial action at believed to have funded scholarships was. “This is not about politics,” Welcome to Westminster, a-wriggle
mandate for industrial action, which Radley College in Oxfordshire, where and financial support for pupils “who replied Rishi Sunak, all teeth and with calculations.
would take place in next month. staff are also organising. would not have otherwise had the hair oil. It was PMQs. The two Starmer, eager for a PMQs win,
A majority of teachers at Winchester Like several other independent opportunity to go to Winchester”. were bellowing across the table of produced a Casualty-style narrative
are members of the NEU, which earlier schools, Winchester is also considering Winchester College did not respond the Commons, their MPs roaring about a heart-attack victim dying on
this week declared seven days of strike withdrawing from the teachers’ to a request for comment.
the times | Thursday January 19 2023 2GM 7
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News Politics
T
Inflation continued to fall at the end of he latest fall because at that point Rishi Sunak’s pledge
last year but remained close to a 40-year in inflation is — prior to the war in to halve inflation by
high, giving little respite to households ostensibly Ukraine, prior to the the end of the year
facing a squeeze on living standards. good news energy crisis — prices remains some way off.
The consumer prices index, the (Steven were far lower. Inflation is not
headline measure of inflation, fell to Swinford writes). “Between a year expected to start
10.5 per cent last month, down from Inflation is now ago and today, prices falling significantly
10.7 per cent in November, figures from 10.5 per cent, down went up loads,” Jack until April, and even
the Office for National Statistics show. from 11.1 per cent in Leslie, a senior when it does drop
Inflation is thought to have peaked October, and looks on economist at the interest rates are still
at 11.1 per cent in October, when house- course to fall Resolution likely to rise.
holds received part of their winter significantly. The Foundation, said. “All While high levels of
energy bills. worst appears to be that really matters is inflation exacerbate
The ONS said the fall in inflation was over. what the price was a the cost of living
the result of lower petrol prices. There Households, year ago.” crisis, they also give
was also a slight drop in the cost of however, are unlikely The second factor is the government a
clothing. However, this was offset by to see any benefit for that falling oil prices level of political
months to come. The and easing supply capital in its
fall in inflation from chain disruption take negotiations with the
Consumer prices index 10.7 per cent to 10.5 per time to filter through unions.
cent is marginal, to the wider economy. Robert Jenrick, the
12% despite a huge drop in The latest inflation immigration minister,
10 wholesale energy figures reflect a fall in put it bluntly when he
8 prices. diesel and petrol said yesterday that
Economists point to prices, but this is increasing wage offers
6
Bank of England two factors that mean more than offset by would be “the very
target 4 Britain is still living the huge rise in the worst thing we could
2 with double-digit cost of food. do” when inflation
0 inflation. The first is Food prices rose by was so high.
2014 2016 2018 2020 2022 that consumer price 16.8 per cent year on That argument will
Source: ONS inflation is measured year, the biggest rise become increasingly
year on year, meaning since 1977. difficult to make as
increases for coach and air fares, hotel that yesterday’s “It can take months inflation begins to fall.
accommodation and food costs. figures — for for it to get through Given that industrial
Inflation in petrol and diesel has December 2022 — the supply chain,” action appears here to
fallen for a sixth consecutive month, are compared with Leslie said. stay, the pressure on
reflecting the decline in the wholesale those in December So while there is the prime minister
price of oil as investors withdrew 2021. This matters cause for optimism, will only grow.
money amid concerns over an impend- In a video posted online by the Treasury yesterday, Jeremy Hunt used coffee
ing economic downturn and the impact
of coronavirus in China. “High inflation is a nightmare for providing an average of £3,500 of slow the pace of its interest rate rises as down demand within the economy and
Food inflation, which has risen for 17 family budgets, destroys business support for every household over this rising borrowing costs add to the with it, in theory, prices.
months in a row, is at its highest in more investment and leads to strike action, year and next.” pressure on household budgets. Economists are divided on whether
than 45 years, at 16.8 per cent. The big- so, however tough, we need to stick to Inflation is still well above the Bank The Bank has made nine back-to- rate-setters will continue to push up
gest jump was in the price of milk, our plan to bring it down. of England’s 2 per cent target as a result back rate rises since December 2021, the cost of borrowing at their present
cheese and eggs, which are affected by “While any fall in inflation is wel- of a surge in energy prices after sanc- bringing rates to their present level of rate, given that economic growth was
the soaring price of energy, animal feed come, we have a plan to go further and tions were imposed on Russia follow- 3.5 per cent. better than expected in November,
and fertiliser. Delayed harvests and halve inflation this year, reduce debt ing its invasion of Ukraine. Raising interest rates aims to make suggesting demand is holding up.
export controls in India also pushed up and grow the economy, but it is vital It led to double-digit rises in food borrowing more expensive and offer a However, there are signs of slack
the price of sugar and sugar-based that we take the difficult decisions prices and household bills over the past higher return on savings to encourage emerging in the labour market, which
products such as confectionery. needed and see the plan through. To year. The latest figures raise questions people to save money rather than reduces the likelihood of big wage rises.
Jeremy Hunt, the chancellor, said: help families in the meantime, we are about whether the central bank will spend it. This is supposed to bring Investors in the financial markets
Mobile bills to rise by 14% for millions Sunak tells Khan to think
George Nixon Money Reporter ary’s CPI plus 3.7 percentage points, However, last month it launched an Henry Zeffman Associate Political Editor monds, the Conservative MP for
while the rest will increase bills by CPI investigation, after it said it was con- Ben Clatworthy Ruislip, Northwood & Pinner, who said
Millions face price rises of more than plus 3.9 percentage points. These will cerned that people who took out broad- Transport Correspondent the daily charge of £12.50 would dis-
14 per cent in their broadband and be added to bills from the end of March. band and mobile phone contracts advantage “a great many car-depend-
mobile phone bills this year that they O2 customers will find out how much between March 2021 and June 2022 Sadiq Khan should “properly reconsider” ent older and disabled” people in his
can do nothing about. their bills will go up next month, “may not have been provided with his plan to expand London’s ultra-low constituency.
Companies including BT, EE, Plus- because it uses February’s retail prices sufficiently clear information about emission zone, or Ulez, Rishi Sunak has Craig Mackinlay, the Conservative
net, TalkTalk, Three and Vodafone index, which is typically higher. The in-contract price rises”. said. MP for South Thanet, said the plan was
increase customers’ monthly payments latest RPI reading was 13.4 per cent. Telecoms companies have said their The prime minister called on the also “a tax against Kent residents, a tax
every year by the consumer prices These inflation-linked price rises are own costs, such as energy and the mayor of London to abandon the pro- against all of the home counties”,
index measure of inflation released in written into a customer’s contract when wholesale cost of using the UK’s copper posal to extend the pollution charge to adding: “This is true taxation without
January, plus up to 3.9 percentage they sign up, so there is nothing they line networks, are also linked to infla- all London boroughs. representation.”
points. can do. Contracts typically run for two tion, and have gone up. BT — which Speaking at prime minister’s ques- Sunak replied: “The Labour mayor is
January’s CPI reading, released yes- to three years, so customers face multi- owns EE and Plusnet — TalkTalk, tions, Sunak said: “It is disappointing imposing this tax on a public which
terday by the Office for National Statis- ple increases before they can switch. Three and Vodafone all said they would that the mayor, backed by the leader of does not want it. He is right to highlight
tics, found inflation was 10.5 per cent in Ofcom, the telecoms regulator, says not cap the increase in bills. the opposition, is choosing not to listen that.”
the year to December. Although lower it does not have the power to stop com- A spokesman for Ofcom said: to the public, expanding the zone It came as Khan announced that he
than the previous two months, with panies including these rises in their “Everyone must be told upfront about against the overwhelming views of resi- would make permanent the ending of
CPI having peaked at 11.1 per cent in the contracts, only that they must be any future price rises before they sign dents and business. I urge the mayor to free morning peak travel for pensioners
year to October, it is still close to a clearly explained. If they are not, the up, and we’re investigating whether properly reconsider and respond to in an attempt to boost Transport for
40-year high. customer can switch within 30 days of a phone and broadband firms are stick- these serious concerns.” London’s revenue. Publishing the draft
TalkTalk will increase bills by Janu- price increase without a penalty. ing to this.” He was responding to David Sim- budget for the city’s transport network,
the times | Thursday January 19 2023 2GM 9
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DANNY LAWSON/PA
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PENNY BIRD
T
he Ambrose rowing, his sons Louis, father had been that,
brothers faced 27, Felix, 26, and Finn, like many teams, they
plenty of lows 23, have beaten his time. would arrive on the
(Tom Whipple The experience was, other side of the
writes). There they said, just as Atlantic, put feet on dry
were the endless days of glorious as Hugo had land and never speak to
northerly winds, when described. There was the each other again.
waves crashed over the wildlife: a pod of whales, That didn’t happen.
boat and nowhere was fish, and a solitary Somehow, after
dry. There were the salt- circling shark. 36 days in a boat smaller
encrusted sores that There were also the than their living room,
appeared on bottoms skies. “Waking up in the and even after
and never quite healed. morning, having a coffee Felix failed to download
And there was the and watching the those audiobooks, they
moment when one of sunrise — it was such stayed friends. That
them had to confess, a privilege,” Felix said. might be as much to do
mid-ocean, that he It was also, though, as with the subject matter
hadn’t downloaded tough as their father had he had chosen: JRR
the audiobooks. told them. “I think we Tolkein and George RR
But there was also a made pretty poor Martin. “I think he was
definite high: the point choices on food The “Ambrose Buoys” — Louis, 27, Felix, 26, and Finn, 23 — collected a fiver after beating their father’s time by 23 days the only one who was
when, after rowing the selection,” confessed going to listen to them,”
Atlantic in 36 days, their Finn, who told The on you and it was pretty that the Ambrose time in 59 days. It could they returned to their said Louis.
father met them on the Times he was looking terrifying. You’d get brothers decided they have been afterwards, family’s New Forest What will they do
shores of Antigua with a forward to his first soaked, and you would row the Atlantic, when they listened home. What is certain is with the fiver? Louis
£5 note — having lost a non-rehydrated meal. wouldn’t ever get dry,” as part of the Talisker to his stories of endless that when the self- now regrets they didn’t
20-year-old bet. Alone in the vastness said Felix. That was also Whisky Atlantic skies and spectacular described “Ambrose set the stakes a little
In 2003, Hugo of the ocean they when the bottom sores Challenge. sunsets — and bet Buoys” began training in higher. “There’s been
Ambrose rowed the endured not only days of began. “Just sitting It could have been him £5 they could do earnest, to row in aid of quite a reduction over
Atlantic, leaving three dodgy bolognese but down is uncomfortable.” when, in 2003, they flew it all quicker. the conservation charity 20 years in purchasing
young boys at home. days of strong winds. It is difficult to out to see their father on Or it could have been Tusk, they had no power. Maybe we will
Now, in a first for ocean “The waves would break pinpoint the moment dry land for the first during lockdown, when experience of rowing or get half a pint?”
T
the David Carrick rape scandal. he attacks on women by a recruits, strengthened the guidance said. “But misogyny is a societal issue, pulled from their car in front of their
Suella Braverman said checking all serving police officer, on misconduct hearings and beefed not just a policing issue. baby son and detained in July 2020.
officers against the national policing David Carrick, have left up legal standards for vetting, which “I’m not making that an excuse, I’m They accused the Metropolitan Police
databases would root out anyone who the public dismayed and we are refreshing again this year. I just making the point that policing ob- of racial profiling.
has “slipped through the net”. tens of thousands of have consistently called for changes viously needs to be held to higher stan- Trisha Napier, who worked for the
She added that vetting obligations outstanding officers feeling to make it easier to remove bad dards than others because [of] the pow- Independent Office for Police Conduct
would be made “stronger and clearer” betrayed. Opportunities to join the officers, and welcome the home ers that police officers have. But polic- and investigated the actions of the
after the case of Carrick, who was al- dots on Carrick’s horrendous secretary’s recently announced work ing is recruiting quickly from the officers involved, told BBC’s Newsnight
lowed to join the Metropolitan Police in behaviour were missed. on this issue. community. It needs to make sure it’s that her report was “watered down” and
2001 even though he was a suspect in a Vetting didn’t happen, allegations Forces haven’t invested enough in recruiting the right people.” senior managers overturned her
domestic incident the previous year. were dismissed and incidents were implementing our procedures for Braverman said: “Carrick’s sickening decisions. She has since quit, saying:
Carrick, 48, a firearms officer, carried treated in isolation. I commend the rooting out corrupt and dangerous crimes are a stain on the police and he “The integrity of the organisation, in
out sex attacks for nearly 20 years, victims in this case for their bravery officers. Our rules say all officers should never have been allowed to my view, was completely diminished
including 48 rapes of a dozen women. in coming forward and apologise should be checked at least every ten remain as an officer for so long. and I could just no longer . . . work for
He pleaded guilty to a string of charges that more wasn’t done. Women years, yet Carrick went 16 without “We are taking immediate steps to them any more.”
at Southwark crown court this week. should be able to trust that if they scrutiny. The Met commissioner, Sir ensure predatory individuals are not The police conduct office said
No action was taken to stop him despite report an officer or staff member for Mark Rowley, has shown that when only rooted out of the force, but that that it “absolutely refutes” claims of
repeated complaints to the Met and wrongdoing they will be listened to taken seriously, forces are able to vetting and standards are strengthened interference.
other police forces about his behaviour. and action will be taken. boost this vital work, albeit at a cost. to ensure they cannot join the police in Five officers have been charged with
Andy Marsh, the head of the College In my 35-year career I have sacked We need a system that guarantees the first place.” gross misconduct and face the sack for
of Policing, said vetting had often been many officers for behaviour that pales that officers who betray our values The London mayor’s office is to ask potential breaches of professional
a “Cinderella department” because by the side of what we have seen this are shown the door. Otherwise Braverman to approve an application standards. Williams and Dos Santos
chief constables focused resources on week. The system worked then policing will continue to test the to strip Carrick of his pension. Officers were stopped as they drove through
other areas. because the teams with responsibility public’s patience. can lose up to 65 per cent if their crimes Maida Vale, west London, handcuffed
He warned that the systems and pro- for misconduct and vetting were able Andy Marsh is chief executive of the lead to a serious loss in public confi- for 45 minutes and searched. Nothing
cesses put in place by his standards to identify problems early. We must College of Policing dence and are connected to their job. was found.
12 2GM Thursday January 19 2023 | the times
News
PETER WILLIAMS WALES NEWS SERVICE
-----
2 Tugged sharply (6)
Ben Clatworthy damaged batteries, especially after car
Transport Correspondent crashes. Roadside rescue companies ------
have previously said the risk of dam- 3 Disease-carrying organism (6)
The MoT is set for an overhaul to make aged batteries causing car fires mean
inspections of batteries mandatory as they keep crashed cars five spaces away ------
electric cars surge in popularity despite from other vehicles when storing them. 4 Sensory hair (7)
concerns over fire risks. Emissions from hybrid vehicles are
The Department for Transport (DfT) also not currently tested as part of the -------
has launched a consultation over MoT, which the DfT describes as a “sig- 5 Make completely clear (5,3)
reforms of the MoT, which are nificant issue which affects the ability
designed to cut costs for motorists. The to identify whether these newer vehi- --------
tests check a number of parts such as cles are polluting or contributing to A C D D E E E E
lights, seatbelts, tyres and brakes to existing or new air-quality issues”.
ensure they meet legal standards. Officials are planning an overhaul of E H I K K L L N
Officials are grappling with the need the tests, including delaying the first O O O O P R R R
to update the tests given the rapid rise test for new light vehicles from year
in hybrid and electric vehicles on the three to four after registration. S S T T U V W Y
roads. The department says that in The idea of reducing the frequency of Solutions MindGames in Times2
2021-22 there were more than 550,000 tests for cars over three years from one Cryptic clues every day online
MoT tests on hybrid vehicles and year to two was first raised by Grant
70,000 tests on electric vehicles. Shapps, then transport secretary, at a
It says there are “issues around these cabinet meeting addressing the cost of Campus antisemitism
technologies that need further atten- living crisis. Shapps argued that
tion”, including checking batteries that modern vehicles were more advanced Students and academics at British
power electric vehicles. The consulta- than cars of a bygone age. The DfT said universities are suffering from a
tion says: “For example, a damaged bat- “major developments in vehicle tech- rise in antisemitic attacks, a
tery could have safety implications if it nology” had improved road safety since report from the Community
fails in use. With ongoing technology MoTs were introduced in 1960. Security Trust (CST) shows. Since
advancements, data may increasingly Motoring groups rejected the pro- 2020 the charity has received 150
be available to assess the health of the posals, arguing that MoTs were vital to reports of antisemitic incidents,
battery in an electric vehicle.” road safety. Edmund King, the presi- including death threats and
Data collected last year under Free- dent of the AA, said: “The MoT plays a physical assaults. In a single
dom of Information showed that the vital role in ensuring that vehicles on month, May 2021, 55 incidents
London Fire Brigade had responded to our roads are safe and well-maintained, took place. Mark Gardner, the
507 electric car fires in the past five and while not a formal recommend- CST’s chief executive, said:
years, with 43 reported by fire services ation, we totally oppose any change “Students’ unions and university
in Merseyside. from an annual MoT.” The DfT consul- Heaps of fun Llangynidr Mountain in Brecon Beacons National Park, south Wales, authorities need to better support
There are particular concerns about tation runs until March 1. is known as one of the five best places for sledging in the UK. Weather, page 56 their Jewish students.”
the times | Thursday January 19 2023 13
News
Parents ‘killed daughter by letting her grow morbidly obese’
Tom Ball Northern Correspondent Kaylea Titford, 16, back condition, and hydrocephalus, a and ulcerated skin, it was claimed. She the scene — as witnessed by those that
weighed 22st 13lb build-up of fluid in the brain, and used had a BMI of 70. The average BMI attended — together with the state in
Two parents killed their 16-year-old when she was a wheelchair from a young age. measurement for a girl of 16 is 20. which Kaylea’s body was found demon-
daughter by allowing her to become found dead Kaylea was living in “squalor and Kaylea attended Newtown High strate clearly that this vulnerable girl,
morbidly obese during the Covid lock- degradation”, she said, and when para- School, where she was described as who relied heavily on others for her
down, a court was told. medics found her she was lying on filthy “funny and chatty” by staff, but became welfare needs, was seriously neglected
Kaylea Titford, who weighed “puppy pads”, with maggots and flies on confined to her home after the pan- by not just one but both of her parents.”
22st 13lb (145.6kg), lived in conditions her body and milk bottles filled with demic began in March 2020, Rees said. In a police interview, Titford alle-
“unfit for any animal” and did not leave takeaways a week. Kaylea’s mother, urine around her bed. Rees said: “Kay- On October 10, 2020 Alun Titford’s gedly said he was “not a very good dad”
her bed for months, Mold crown court Sarah Lloyd-Jones, 39, admits man- lea Titford was living in conditions unfit mother called 999 and Kaylea’s body and that his wife looked after Kaylea.
was told yesterday. slaughter by gross negligence but her for any animal, let alone a vulnerable was found, the prosecution said. Asked when he last asked Kaylea how
When she died in October 2020 at father, Alun Titford, 45, denies all 16-year-old girl who depended entirely Police officers allegedly noted an she was, he said: “I didn’t ask her. Like I
her home in Newtown, Powys, she was charges. on others for her care.” “unbearable” rotting smell and mag- say, I’m not the best of people.”
found lying in filth and soiled clothing. Caroline Rees KC, for the prosecu- Kaylea was grossly obese, with dirty gots crawling on the bed. The trial, which is expected to last up
The family allegedly ordered five tion, said Kaylea had spina bifida, a and matted hair, an unwashed body Rees said: “The prosecution say that to four weeks, will continue today.
B
illy Smart, the and Nazeing Park, a 12- place to sleep or access
legendary bedroom Georgian to all files relevant to the
showman, manor house set in 68 case, as I did not have
amassed a acres in Surrey. enough room in the
fortune with He was reported to small car in which I left
his travelling circus have incurred debts of Na
Nazeing Park house and
(Jonathan Ames writes). about £9 million after tem
temporarily lived.”
Unfortunately his court battles with his H added in his
He
grandson, Billy Jay sister and a mortgage wi
witness statement: “I
Smart, 49, has not lender. le my mother down
let
inherited his family’s Smart told Central a could not really
and
skill with money. London county court control with his the business of high mother, Hannelore. fu
function at all as a
The Eton-educated that he had no “proper brothers, touring until value property. Smart was sued by the h
human being,
former entrepreneur, place to sleep”. 1971. The Smart brothers He fell into debt, mortgage lenders. in
including not bathing
who once owned He was evicted last also owned Guernsey however, after taking He was also involved for several weeks.”
properties estimated to year from Nazeing, Zoo, selling it in 1972, out a £4.2 million loan in in a parallel dispute with J
Judge Gerald told
be worth £20 million, outside Waltham Abbey. and opened Windsor 2014 with Castle Trust his sister, however. She Sm
Smart the settlement he
has been evicted from His grandfather Safari Park in 1969, Capital that was secured claimed a 50 per cent had reached over his
his estate and forced to founded a travelling before selling it in 1977. against Nazeing. stake in Nazeing on the debts would “enable
deb
sleep in his car. Smart’s circus after the Second Smart’s father became It was reported that he basis that she had Nazeing Park in Surrey is closure”. The judge said:
clo
portfolio included a World War that was a property developer in once lived at the invested half the funds to be sold in a settlement “It’s a way of moving
house in Belgravia, hugely successful. Spain, before his death, property with his sister for its purchase. reached by Billy Jay Smart, forward and making the
central London, a villa After his death his aged 70, in 2005. Smart Baccara La Roux Smart, Five years after the top left. His sister Baccara, best of things. This is the
in Palm Beach, Florida, son, Billy Smart Jr, took followed his father into 44, an artist, and their claim was launched the above, claimed 50 per cent end of it.”
News
News Health Commission
News
News
NHS leaves
the disabled
feeling ‘they
don’t count’
Rachel Sylvester
When the Paralympian and television
presenter Tanni Grey-Thompson
found she was pregnant in 2001, she
went to see her doctor. “The first thing
I was offered was a termination,” she
says, “because people like me shouldn’t
be allowed to have children.” She
changed hospitals and gave birth to
Carys, but she says that for disabled
people, “the relationship with the NHS
can be quite mixed”.
Grey-Thompson, 53, a member of
The Times Health Commission, does
not hold it against the health service.
“It’s probably a reflection of society,”
she says. However, she worries that dis-
abled people are often forgotten or dis-
criminated against in the health and
care system. “At the start of the pan-
demic, compulsory DNR [do not resus-
citate] orders were put on tens of thou-
sands of disabled people who had no
underlying health conditions, basically
saying if you get Covid you were told
you wouldn’t get treated,” she says.
Grey-Thompson
says Covid hit the
disabled hardest
News
EXTINCTION REBELLION UK/REUTERS
Post-Brexit environment
pledges fail on all targets
Adam Vaughan cerned at falling numbers of wildlife,
including skylarks and common toads
The government has been criticised by (“not that common,” she said), and the
its post-Brexit green watchdog for fact that only 38 per cent of protected
falling short on its pledge to leave areas, such as Sites of Special Scientific
England’s environment in a better state Interest, were in a favourable condition.
by expanding forests, restoring habitats The government is expected to pub-
and protecting endangered species. lish an enhanced plan by the end of this
In a report, the Office for Environ- month on how it hopes to meet its land-
mental Protection said it had “very lit- mark 25-year environment plan, which
tle good news” on ministers’ progress Theresa May set out five years ago.
on reversing the fortunes of the natural The OEP was created to fill the role
environment. that the Court of Justice of the Euro-
England was found to be off-track for pean Union played in upholding envi-
every one of 23 environmental targets ronmental law after the UK left the EU.
identified, from clean water and air to Today’s report paints a grim picture
thriving plants and wildlife. of the state of nature in England. Eight
Progress was significantly off-course of 32 trends were found to be deterio-
for a goal of increasing the number of rating, including “a deeply concerning
rivers and lakes meeting good ecologi- decline in biodiversity”.
cal standards. “Progress has fallen far Defra said that it would consider the
short, that’s clear. Many extremely OEP’s report carefully. It said: “Our
worrying environmental trends remain environmental improvement plan will
unchecked, including a chronic decline soon set out the comprehensive action
in species abundance,” Dame Glenys this government will take to reverse the
Stacey, chairwoman of the OEP, said. decline in nature, achieve our net-zero
She said that she was especially con- goals and deliver cleaner air and water.”
the times | Thursday January 19 2023 17
News
TMS
diary@thetimes.co.uk | @timesdiary
News
Battling a pesky
cough? Blame
social distancing
Kat Lay Health Editor vide advice on appropriate over-the-
counter medicines that may help with
People with lasting coughs may be symptoms, but do not ‘cure’ the infec-
struggling with reduced resistance to tion.”
infection after two years of social dis- She said people should, however,
tancing and picking up one bug after seek a medical opinion “if a cough is
another, a senior GP has said. particularly persistent, or bringing up
Rates of lower and upper respiratory discoloured phlegm, has severely wor-
tract infections were well above the sened with shortness of breath, or if a
winter average, Professor Kamila Haw- patient is experiencing chest pain or
thorne, chairwoman of the Royal Col- losing weight for no reason”.
lege of GPs, said, citing figures from the Hawthorne said she also feared the
college’s research and surveillance cost of living crisis was affecting
centre. people’s health. She said GPs and their
She said doctors had also noticed teams were experiencing a huge in-
that respiratory infections seemed to crease in demand for appointments,
be lasting longer than usual. “We are including patients whose physical and
not entirely sure why,” Hawthorne said. mental health was suffering as a result
“Most of the public have been socially of rising inflation, particularly of
isolated during the last two winters and energy and food.
this appears to have reduced their resis- “It goes without saying that if
tance to infections — this seems to patients are struggling to eat healthily
make it more likely they will pick up or heat their homes or are living in
infections than in previous years. So in damp conditions then this will have an
some cases it may be a matter of picking impact on their health — and the added
up one infection after another. They are stress of struggling financially will
all different and getting over one type undoubtedly take its toll on people’s
of infection does not give immunity mental health,” she said.
against another one. Dr Andrew Whittamore, clinical
“We’d encourage patients to do what leader at the Asthma and Lung UK
they can to keep themselves well this charity, who is also a GP, said some doc-
winter, including practising good public tors had seen more patients with
hygiene such as regular handwashing, coughs this winter, which may be
or using hand gels if that isn’t possible, related to weather changes and the
and throwing used tissues away.” nature of specific viruses.
Health chiefs have encouraged those He added: “We haven’t seen so much
eligible to have flu and coronavirus vac- Covid, but it is still there. And we’ve also
cinations. had infections such as strep A, with lots
Hawthorne said most people with of people coming to us who were
coughs or the common cold would re- coughing but also had sore throats —
cover without medical intervention. mainly children, but a lot of adults as
She recommended taking paracetamol well.
for a temperature, sore throat or ear- “Covid affects people in lots of differ-
ache, keeping warm, getting plenty of ent ways. Some can get scarring of their
rest and drinking lots of fluids. lungs and fibrosis, which can cause a
“We’d encourage patients to under- long-term cough. This is why we say
stand that giving antibiotics for viral anybody who’s still coughing four
infections will not help, as they only weeks after having Covid should really
help with bacterial infections,” she said. get a chest x-ray and get checked out.”
“Most upper respiratory tract infec- He added that such tests were needed
tions are due to viruses. to rule out other illnesses such as lung
“Pharmacists will also be able to pro- cancer or long Covid.
News
News
News
Daughter begged father not to kill himself after suffocating wife
Ali Mitib incurable leukaemia. After a legal walked me down the aisle and you said father for evidence on December 18, made him look at an image of his dead
battle, prosecutors threw out the plea I was beautiful. I’m your girl. I’m your 2021. It is unclear from the footage wife. The pensioner repeatedly told the
Footage from a video call in which a deal over concerns that it might “send girl. You can’t leave me. Daddy, please, whether Hunter had already attempted prosecutors that he could not remem-
daughter begged her father not to kill the wrong message” and announced please daddy, I beg you.” to overdose or was just in shock. ber telling officers he had killed her to
himself moments after he smothered their intention to try Hunter for murder, Hunter is seen slumped in the chair The footage was played by defence stop her suffering and that he was “see-
his terminally ill wife was played in which could carry a life sentence. and barely conscious as his daughter, lawyers as part of their argument that ing double” after the incident.
court yesterday. In the video recording played to the 50, tells him to concentrate on her. statements given to the police by Hun- Speaking outside court, Hunter said:
David Hunter, 75, admitted to killing Paphos assize court yesterday, his After suffocating his wife, Hunter ter are inadmissible as he had not been “I never would have killed her in a mil-
his wife Janice, 74, last December at the daughter, Lesley Hunter, is seen telling called his brother William to confess psychologically assessed or offered a lion years. She didn’t ask me, she begged
couple’s home in the village of Tremith- her father, a former miner from North- before telling him he was going to over- lawyer. The court heard Hunter was “in me. The last five weeks she was begging
ousa, near Paphos in Cyprus, where umberland, “you can’t leave me”, the dose and take his own life. a state of shock”, did not “understand me. She didn’t resist. Because of the
many of the island’s 60,000 British Daily Mail reported. William Hunter alerted the police what was going on” and should have not cancer she couldn’t even lift her hands.”
expatriates live. Speaking from her Norwich home, who sent officers to Lesley Hunter’s been made to sign police statements. The trial was adjourned until Janu-
At the time of her death, she had she said: “Daddy remember how you home and advised her to video call her Hunter wept as the prosecution ary 26.
Letby called
her neonatal
unit ‘unsafe’
Tom Ball, Nigel Bunyan
Lucy Letby complained that the neona-
tal unit she worked on was “completely
unsafe” days after she allegedly tried to
murder a baby by overfeeding her.
In a WhatsApp message sent after
the collapse of Baby G, the nurse, 33,
complained about how busy the neo-
natal unit was at the time.
“It’s completely unsafe,” she wrote,
before attaching a frowning emoji.
The jury at Manchester crown court
were told about three occasions where
Letby is alleged to have tried to kill
Baby G. Two of these are said to have
been on the same day.
The prosecution alleges that Letby
overfed the infant with milk through a
nasogastric tube or injected air into her
body through a similar tube.
The girl survived but suffered irre-
versible brain damage which has left
her a quadriplegic with cerebral palsy.
Letby, who is originally from Here-
ford, denies murdering seven babies at
the Countess of Chester Hospital neo-
natal unit and attempting to murder a
further ten.
The jury was shown a series of mes-
sages exchanged by Letby with friends,
nursing colleagues and a doctor on the
unit. Some are mundane, others refer to
the emergencies involving the babies.
Another round Peter Sedgley’s Red, Blue & Green Target on display at the London Art Fair, which runs until Sunday at the Business Design Centre in Islington The trial continues.
News
Farmer in BBC documentary killed by cow injured farmer, a grandfather of six, to Southwick community council. Simon many years, making his sad loss all the
Kieran Gair
Dumfries and Galloway Royal Infirmary. Pain, the vice-chairman, said at the time of more tragic for the region. He will be sadly
A fatal accident inquiry has been launched He died in hospital later that day. the incident that Roan had died from a missed, and we send our best thoughts to
into the death of a farmer who once fea- Roan’s family said: “We are totally dev- “stock-related injury”, adding that the the Roan family.”
tured in a BBC documentary. astated and still in shock at what has hap- farmer was “well-liked and well-respected The Roan family run two farms, in the
Derek Roan, 71, died in hospital after an pened and it will take some time for us to in our community”. Stewartry at Barnbarroch and Boreland of
incident involving one of his own cows at come to terms with not having him Martin Kennedy, the National Farmers’ Colvend, and also operate a milk delivery
his family farm in southern Scotland in around. Union Scotland president, said that the service across Dumfries and Galloway.
June last year. “All Derek’s hard work was for his two group had lost a “real stalwart”. He said Les Brown, the procurator fiscal for the
Roan had featured alongside his family passions in life — his family and his farms. that Roan “was a member who, for many Dumfries and Galloway district, issued
on the BBC2 documentary series This Derek was well known within the farming years, went above and beyond to repre- notice of a fatal accident inquiry, with a
Farming Life, about the struggles of farm- community and many other circles. He sent farming at a local, regional, and first hearing to be held at Dumfries Sheriff
ers in Scotland. will be sadly missed by all.” national level. Court in March. The Health and Safety
The inquiry is set to examine the cir- Roan was chairman of Colvend and “He was an excellent past chair of both Executive launched an investigation
cumstances around Roan’s death. The Stewartry branch and Dumfries and following the incident.
emergency services were called to Barn- Derek Roan’s family has been farming in Galloway region, and always ensured Police Scotland said they had been
barroch Farm on June 19 and took the Dumfries and Galloway since 1891 that all those round the table took part in informed of the death, which is not being
any discussion and had their say. treated as suspicious.
“He was also a skilled debater who could The Roan family farm’s website states
eloquently share his views and insights, they have been milking pedigree Holsteins
whether locally or at national events like in Dumfries and Galloway since 1891, and
our AGM.” that Derek and his wife were “very much
Colin Ferguson, the NFU regional involved” in the running of the family
chairman, said that Roan’s loss had “sent farms. “We started processing our own
shockwaves through the region”. milk in 2015 and since then demand for our
He added: “He has been at the helm of a free range milk has spread across Dum-
farming business that is steeped in dairy- fries and Galloway,” it states.
ing but has also embraced change and “We launched our Fresher than the
diversification, developing into an award- Udders milk at Colvend produce market,
winning family business, Roan’s Dairy, and then went on to selling direct to shops,
that is recognised across the country. cafes, restaurants, hotels and bed and
“However, Derek always found time for breakfasts, and then in January 2016 we
NFU Scotland, supporting and represent- started delivering to doorsteps across
ing fellow farmers and their views over Dumfries and Galloway.”
I N T H E T I M E S T O M O R ROW
ARTS COMMENT
RORY BREMNER EMMA DUNCAN
My outrageous The case for
new role economic optimism
PULLOUT MAIN PAPER
SPORT
STUART BARNES
What South Africans
can teach the English
about tackling
MAIN PAPER
BUSINESS
HARRY WALLOP
Why service levels
have not recovered
from Covid
MAIN PAPER
BRICKS&MORTAR
ESCAPE TO
THE CASTLE
Meet the English
couple saving
a Scottish estate
PULLOUT
the times | Thursday January 19 2023 23
Comment
of tortured genius
James Marriott
Page 24
I
n the grim Department of How stage, from initial court report to his service for those who had committed aspiration to do better.
Could This Have Happened?, the supervision in the community, was of serious crimes and a privatised one Today, faced with ruinous waiting
story of “Bastard Dave” of the an unacceptable standard and fell far tasked with reducing reoffending. times in A&E, trolleys in corridors,
Met is not remotely the worst. below what was required.” “The Blob” warned him it would be a
This week came the release of a
review that, though completed a year
The probation service in England
and Wales currently supervises more
disaster, with professional judgment
likely to be affected by commercial
This collapse eventually
ago, could not be published until the
culmination just before Christmas of
than 220,000 people. It exists to
“protect the public and support
incentives. And the Blob was right. In
early 2019, one of the main private
affects all but the
a murder trial.
On December 21, Damien Bendall
people moving towards crime-free
lives”. In terms of public attention it’s
providers went into administration.
Two years later the service was
most sheltered of us
was given a whole-life sentence for a Cinderella service, left to sweep up reunified. A bit more money was ambulances so delayed that lives are
the murders in September 2021 of his the bits of society we don’t want to found — £150 million a year. at risk and school buildings that are
pregnant girlfriend Terri Harris, her think about. Unlike schools, By then the service was bedevilled crumbling, we treat such assurances
son John Paul Bennett, 13, her hospitals, the police force even, most with problems that are beginning to with cynicism. But at least these
daughter Lacey Bennett, 11, and of us have little to do with it. feel horribly familiar. You might call problems have our attention. Not so
Lacey’s sleepover friend Connie Until things go catastrophically it the public services death spiral: too Lacey Bennett was 11 years old when the accretion of small, slow-burn
Gent, also 11. All were killed with a wrong. When a terrorist like Usman much work, too few people, she was murdered by Damien Bendall disasters: the dearth of community
claw hammer and Lacey had been experienced professionals leaving, nurses and domiciliary care workers,
raped while she was dying. I have
been trying all week not to imagine
Too much work, too difficulty in recruiting, a perceived
decline in service performance
the sentencing and his release,
Bendall’s case was taken over by an
the closure of drug treatment
centres, the impossible delays for
what the police officers who
discovered the bodies had to witness.
few people, difficulty leading to poor morale, and down it
slowly goes.
officer in the East Midlands who had
been working in the system for six
psychiatric appointments — the
incremental collapse of an
The review was carried out by HM
Inspectorate of Probation because of
recruiting, poor morale And like so many other troubled
services, the probation service is
months. Had the original assessment
not been so perfunctory, said the
infrastructure of support for the most
vulnerable and the least popular. A
the clear indications that Bendall’s Khan or a serial rapist like Joseph affected by problems of under- review, a more seasoned officer collapse that eventually affects all
presence in Harris’s house should McCann is mistakenly released to funding elsewhere. Russell recently might have been allocated. but the most sheltered of us.
never have been allowed to happen. inadequate supervision then kills or pointed at two areas — drugs In November the inspectorate Sorry, does this sound despairing?
He had a record for robbery and rapes again, a slew of stories appears treatment and housing for ex- reported that large swathes of the It needn’t. There is nothing
assault committed in 2015 when the about the service, apologies are prisoners — where the lack of probation service in London were inevitable about this decline. It can
victim was rendered unconscious, made, ministers tut and remind availability of facilities directly “shockingly bad”. Across the capital be slowly reversed. All you need is a
and subsequent convictions for everyone of £X million extra spent, affected what probation officers there were 500 vacant positions, a government and a people committed
actual bodily harm, and had served and we turn away. Yet last year the could accomplish. high number of staff off sick and, as a to paying for it and a service agile
time in prison for these offences. In BBC used public information to Sure enough, dig down into the consequence, a likelihood of enough to respond.
2021 he was convicted of arson and calculate that from 2014 to 2020, review of the Bendall case and what increased incidence of reoffending.
given a 17-month sentence, nearly 550 murders or acts of you find is that in June 2021 his In May Russell reported that he was
suspended for two years. The curfew manslaughter had been carried out assessment report prior to being seeing “the warning signs of a red box
address he gave was Harris’s home, by offenders out on licence. sentenced for arson was “very poor”, probation service in survival mode”, For the best analysis
just south of Sheffield. The inspector’s office estimated had failed to take into account his adding: “Chronic staff shortages,
The review was clear in its findings. that spending for each person on propensity for violence and had been high workloads and the ongoing
and commentary on
Had Bendall’s “risk of serious harm probation had fallen by 40 per cent carried out by a “relatively impacts of the pandemic are severely the political landscape
to the public and children been in real terms between 2004 and 2019. inexperienced” officer. Subsequent to hampering their ability to effectively thetimes.co.uk/redbox
24 Thursday January 19 2023 | the times
Comment
A T
good test of where a century is a testament to the jobs identify as working-class). But Blow torches, olive oil ice creams, he theme of the World
society has allocated atmosphere of mystique and prestige that analysis neglects the fact that savoury foams, nitrous oxide . . . Economic Forum’s annual
prestige is who it permits that has gathered around posh food. while elite taste has been getting Perhaps my antipathy contains an meeting in Davos is “co-
to play the tyrant — Celebrity chefs are now artists. more democratic and more element of personal resentment — operation in a fragmented
whose sins it indulges and Marco Pierre White’s “relatable”, food culture has been the irritation of a man accused (quite world”. But CEOs and
forgives. This is the flaw in Todd groundbreaking book White Heat getting more absurd and more reasonably) of pretension throughout company executives cannot be
Field’s beguilingly pretentious new showed its author moodily slouching pretentious. adolescence now forced to sit expected to tackle global challenges
film Tár. Cate Blanchett plays the about with his long curls dishevelled Noma, which boasts of its “devout uncomplainingly by as grown adults without first addressing their own.
internationally famous conductor and a cigarette dangling from his creativity” and “pursuit of groan and sigh over the At my clinic Paracelsus Recovery,
Lydia Tár, a pampered monster- surly, pouting lips, as if he was not in knowledge”, can sound more like a “complexities” of a chocolate pudding based in London and Zurich and
genius who inhabits a cavernously humanities department than a as if it’s a grand opera not a cake. specialising in mental health and
chic brutalist apartment and flies to
concerts on a private jet. She
I shiver to recall how restaurant. It is restrained compared
with the worst of its high-end peers.
I like nice food. I respect the hard
work and talent of chefs. I am
addiction treatment for executives, we
are seeing a mental health crisis in the
persecutes her assistants and abuses
her pupils. Promising careers crumble
Giles Coren made me Muse in Mayfair once offered guests
a “gastronomic autobiography” in
capable of acknowledging that if posh
restaurants are wasted on me (Pizza
boardroom. Referrals for CEOs have
skyrocketed: in 2020, we identified an
to dust in her elegant fingers.
The film is a fantasy of the
eat the brain of a cow place of a menu and served a dish
called “the love affair continues”.
Express, please) they bring pleasure
to others. It is the enveloping
alarming 500 per cent increase over
the previous seven years. Since then,
ultimate intersection of power and a kitchen but an existentialist salon I have not visited such culinary pretension I find intolerable. the situation has only got worse. Last
cultural status. But it is a fantasy. In on the Left Bank of Paris, circa 1948. Olympuses but I have had Our fine-dining fetish seems so year we saw referral rates for CEOs
real life, Tár’s reign of terror could In his memoir Kitchen Confidential, (reluctant) brushes with the world of blatantly connected to status and double again on what they were two
never have lasted so long. Not shown Anthony Bourdain offered chapters fusion, tasting menus and pointless money. Opera companies are years earlier.
in the film are greying audiences and on “food and sex” and “food and savoury mousses. I shiver to recall tormented with accusations of It is increasingly clear the traits
half-empty concert halls. Classical pain”. how, on a surreal winter night a year elitism and preposterous expense — that allow people to become business
music is in decline. Conductors The idea has penetrated the ago, Giles Coren made me eat the and they provide great, moving art. leaders also predispose them to some
nowadays are pussycats. mainstream. Food is art and chefs brain of a cow at an oak-panelled All a top restaurant does is mental health conditions. In our
The “art monster” survives but are mad geniuses. Hence Gordon “urban wine club”. elaborately satiate the basic human experience, burnout, ADHD,
dwells in a new environment. He is Ramsay can bawl away at hapless I’m routinely amazed by the way impulse of hunger. Plus, more depression, anxiety disorders and
lurking in the kitchen. Noma in provincial restaurateurs in a manner plain-spoken, sturdily meritocratic complex etiquette and stupider sums alcohol and substance abuse are
Copenhagen, renowned as the that would get him blacklisted in any friends — types who wouldn’t be of cash are involved. Yet absurd food predominant. Those on the
world’s “best” restaurant, announced other industry. Georg Solti once caught dead at the opera or wearing is treated as popular art. narcissism spectrum are likely to
this week it was closing, unable to upbraided the quivering strings of shoes other than trainers — can This, I know, is a losing battle but climb the corporate ladder more
turn a profit. Looming ominously the Chicago Symphony Orchestra launch into vaporous ecstasies over a I’ll say it anyway: chefs are not quickly than their peers.
behind that explanation were with similar vigour. He wouldn’t get flan or debate the differences in philosophers, a salad isn’t an art form Bipolar disorder, meanwhile, is so
allegations of bullying, overworked away with it today. Classical music, flavour between various wines (in and a steak, however beautifully commonplace among our clients that
staff and a business model founded by common consent, isn’t worth the vain, I insist there is reasonable cooked, is not profound. Come back we call it “the CEO disease”. The
on unpaid labour. Whispers of abuse rage. Food, somehow, is. evidence to show that even trained Lydia Tár, all is forgiven! periods of mania that characterise
the condition can produce moments
of creative genius but also irrational
decision-making and dangerous risk-
Janice Turner Notebook taking behaviour. The corresponding
periods of depression, meanwhile,
offered no apologies and staff, trying Lydia Tár is called “maestro” by are clearly debilitating for anyone
Tube trip into them via a funnel. How long
must it have taken? How thick was
their rubber tube?
not to trip over leads, understood
they must tolerate this new breed of
obeisant older men, breezes into
private jets, drives a superb car,
trying to run a company.
In our assessment, 50 per cent of
I
had a tube the width of my ring a sticker. them, what behaviour is cut to flatter, which you can throw including perfectionism and
finger poked down my throat appropriate or even on in moments and escape the time- unwavering professional commitment,
into my stomach this week. The Tail wagging where dogs belong. sucking vagaries of fashion. can also lead to health being treated as
A
little camera attached found t Sunday lunch, a Rather, they’re an afterthought. That needs to change.
nothing wrong — phew — but it couple behind us sat emotional support Lonely hearts Second, I encourage business
I
was a nasty procedure in which with their large animals or furry ego- keep hearing of twentysomethings leaders to reflect on difficulties they
you’re both gagged and gagging, with retriever on an extensions to whom whose whole careers since faced over the past few years and
a ghastly Alien moment when you extendable lead. This no one is permitted to graduation have been spent use their experience to inform
can feel the probe rummaging allowed him to reach say no. working from home, with just a day decision-making.
around your innards and worry it the next table so when or two “in person” at most. Third, tackling the mental health
might burst right out. food was set down, he gave Cross dresser Ambitious young professionals crisis in the boardroom will require
I
Forgive me if you’re a gastroscopy it a good sniff. The owners t may be problematic have always worked long hours investment, focus, innovation and
veteran. But I’m a pathetic newbie reacted as if a dog sticking to adore Cate under great stress. But this was time. All companies must strive to
when it comes to medical invasions. his nose in someone’s Blanchett’s character balanced by an esprit de corps: fag implement policies and practices
So, lying there retching, my mind poached eggs was cute. in Tár, given she’s a breaks, gossip, shared late-night that deal with mental health in a
turned to force-fed suffragettes and A little later, two sexual predator. pizzas over a deal, an office flirtation. compassionate and understanding
how I’d never truly realised how women arrived with a (Although, like Marin Now they bear the strain alone. It manner. As a starting point, the
brave they were. smaller dog which sat Alsop, who partly cannot be healthy: the young are mental health of executives should
While I was offered (but declined) under the table barking inspired her, I wonder meant to tear up the world, not be be included in corporate risk-
sedation, given a numbing throat as adorably as a how many real lesbians locked in their rooms. A friend said management frameworks.
spray, was soothed by kind nurses car alarm. ever behaved this sadly of her son whose “colleagues” The benefits to our collective
and treated by a hyper-efficient A placid labrador way.) But I was are across the world: “I can’t even health and society will be profound.
doctor who was in and out in lolling by a fire in a transfixed by a woman explain to him what he’s missing.”
seven minutes, the hunger-strikers country pub is fine but this exerting power Jan Gerber is CEO and founder of
were strapped down by burly was a packed urban as unapologetically Paracelsus Recovery mental health and
warders, with milk and eggs sloshed restaurant. The owners as a man. @victoriapeckham addiction clinic
the times | Thursday January 19 2023 25
Comment
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T
owards the end of James Republicans until Bill Clinton turned On a visit to Scotland he was under pressure from her own party. because many voters are interested
Graham’s latest play, the his party’s prospects around in 1992. confronted by Colin Mackay, the Why? Because it will not fly with in tax arrangements and personal
characters discuss who Watching in the Noël Coward political editor of STV. Mackay asked voters. She’s on the run. Now, ask me choices. So answer. Perhaps this is
won. Best of Enemies Theatre, it made me think about if Sunak would respect the result of a another, about how the nationalists territory fenced off from advisers
centres on the televised Rishi Sunak, a leader battling to de facto referendum. (The SNP who know the sensitivity. Sunak
clashes in 1968 between Gore Vidal
and William F Buckley Jr.
communicate with the public and
trying to reinvent his party amid a
leader Nicola Sturgeon has
suggested that if more than 50 per
Politics is part combat seems to want no equivalent of
Alastair Campbell, who could tell
With America riven by the Vietnam
war, fights for civil rights and the
fast-changing media environment.
Best of Enemies is a play about
cent of Scots vote for her party at the
next election, it will constitute a
and the Tories are in Tony Blair bluntly he was at risk of
making himself look daft.
sexual revolution, Vidal the novelist
and Buckley, creator of the modern
ideas and winning political
arguments. While reasonability and
mandate to negotiate independence.)
It is a potentially illegal idea. Yet
the toughest of fights After the carnival of chaos under
Boris Johnson and Truss, the
conservative movement, went head to Sunak tried several times to dodge. have betrayed the Scottish islanders decision to avoid rows wherever
head on the struggling ABC news
station during the Republican and
Margaret Thatcher The encounter went wild online.
One video posted by a podcast
by botching the delivery of new
ferries and let down pupils by
possible is understandable. And don’t
get me wrong, the restoration of a
Democrat conventions. Audiences
were simultaneously scandalised and
wouldn’t have stood for producer has been viewed 6.2 million
times. Numerous versions have been
messing up the education system.”
David Cameron, too, relished a
degree of orderly government — the
PM reading his papers, asking
enthralled. This was a new format,
the combative discussion on TV. Until
the line of questioning posted on TikTok and other outlets.
Many millions of Britons have seen
fight, even when north of the border.
There would be a flash of irritation
sensible questions and not disgracing
the country — is positive. But
then, current affairs was restricted to fluency are useful, they are not all or some of the 50-second video of and then a punch back. Michael politics is part combat and after the
stately anchors and reporting enough on their own. Leaders have to Sunak struggling. To put those Gove has pioneered an ultra-calm, mess they made in the past couple of
supposedly free of any slant. After be able to punch back, especially now numbers in context, the audience for non-provocative style of avoiding too years, the Tories are in the toughest
Vidal and Buckley, who hated each a single question and limp answer the BBC’s News at Ten was less than many fights in Scotland. Even so, of fights. To win, their leader will
other, punchy opinions and analysis can go viral across social media. four million viewers late last year. there are ways to respond robustly need in public to show more spirit,
delivered with a side serving of ad It is not as though Sunak is weak. Margaret Thatcher would not have within those parameters. like he did when he did for Johnson.
hominem became fashionable. During the leadership contest stood for it. Faced with that question At the start of the year, Sunak also Today Sunak will take part in a
Who won? On a surface level, it against Liz Truss he fought hard in from the man from Scottish got into difficulties when asked by the PM Connect event in Morecambe,
was suave Vidal. He provoked summer debates — too hard for television, she would, to employ BBC’s Laura Kuenssberg whether he Lancashire, where he will take
Buckley so effectively that, live on some tastes. He ended up being Glaswegian vernacular, have taken a had used private healthcare. Of questions from voters and
air, the socially conservative vindicated by the autumn economic “Hold ma jaicket, let me at him” course he has. Millions of us have, journalists. Time to pep it up.
26 Thursday January 19 2023 | the times
Leading articles
Nature notes
A scent of wood
smoke rose from the
birch logs on the
No Alternative
pub fire. We
humans have a long Despite tentative signs of a global recovery, Britain remains uniquely vulnerable
relationship with
that scent. As the to global economic shocks. There is no room for complacency in fighting inflation
various ice ages came and went, birches
were the pioneer trees, first to return when Assembled again at Davos, the power brokers of In this unenviable mission they are hardly stronger demand from abroad, could cause a
the glaciers departed. We didn’t burn their the world economy observe the first green shoots alone. Policymakers the world over are having to further tightening of Britain’s labour market and
wood just to keep us warm, though. Birch emerging after the bleakest of winters for global contend with a series of economic problems: rising more pressure on businesses to raise wages. This
tar, a sticky adhesive produced by burning markets. The International Monetary Fund no interest rates following the end of the long years of unhelpful scenario would increase the risk of the
the bark, was used as a Neolithic chewing longer predicts a “tougher” 2023, with a third of quantitative easing that came after the financial wage-price spiral that ministers rightly fear could
gum 5,700 years ago. Even before that, the world beset by negative growth, but “improve- crash and continued throughout the Covid pan- prolong the inflationary crisis for years to come.
during the Mesolithic period, wrapped birch ment” by the second half of the year. Olaf Scholz, demic; and tight labour markets, with vacancies Consider this week’s news of 7.2 per cent average
bark was being used as torches. The oldest the German chancellor, is now confident that his high and willing workers scarce, that are putting pay growth in the private sector between Septem-
human use of birch comes, amazingly, from country will avoid a recession; the governor of upward pressure on wages and prices. And while ber and November, the fastest rate of increase in
Neanderthals — 200,000 years ago they France’s central bank predicts the same for wholesale gas prices have fallen, the energy shock more than two decades. That is anything but a
were using birch tar to attach handles to Europe as a whole. In Britain, meanwhile, infla- caused by Russia’s invasion of Ukraine continues signal to policymakers to relax.
stone tools. jonathan tulloch tion has fallen for the second consecutive month to reverberate across Europe. Pressure for inflation-busting pay deals will
and appears to have peaked. These encouraging Nonetheless, British policymakers face a much persist in Britain even as the headline rate of infla-
developments are testament to a resilience that trickier task than those elsewhere. “None of these tion falls and the long-term prognosis for its G7
Birthdays today has been severely tested over the past 12 months. challenges is unique to the UK,” Huw Pill, the rivals improves. After all, cost of living pressures
Yet to treat them as cause for celebration would Bank’s chief economist, noted in a speech in New will continue even after last year’s energy price
Trevor Kavanagh, not only be premature, but self-defeating. Instead York this month, “but the UK is distinctive in fac- rises fall out of the inflation calculations. Should
pictured, political editor they should spur the Treasury and Bank of ing all three of these challenges at the same time.” ministers misjudge their response now, the conse-
(1983-2006), now England to redouble their commitment to policy If Mr Sunak’s pledge to cut inflation by half by the quences for British business and workers could
columnist, The Sun, 80; decisions that drive inflation down. Britain, end of this year is to be fulfilled, and if the Bank is quickly become unconscionable: chronic inflation
Julian Barnes, author, despite these modest improvements in the global to make substantial progress towards its own 2 per followed by higher interest rates and with it fur-
The Sense of an Ending outlook, remains particularly exposed to further cent inflation target, then now is the time for an ther pain for the mortgage payers and firms seek-
(2011, Man Booker inflationary shocks. The onus now is on Rishi abundance of caution. The alternative, as Mr Pill ing to refinance in this most inhospitable of
prizewinner), 77; Murray Sunak, Jeremy Hunt, the chancellor, and Andrew rightly warns, is that inflation is again allowed to markets. They have already paid a steep price for
Beauclerk, Duke of St Albans, 84; Rob Bailey, the Bank governor, to ensure that these run out of control. one self-inflicted crisis last year. Now the path to
Behrens, parliamentary and health service shocks are not exacerbated by accident or design. Achieving these targets may be much easier said a recovery has emerged, there is all the more rea-
ombudsman, 71; John Bercow, Speaker of Their real work is only just beginning. than done. A healthier global economy, leading to son for ministers to avoid another.
the Commons (2009-19), 60; Euan Blair,
co-founder of education and recruitment
start-up Multiverse, 39; Anthony Browne,
Conservative MP for South Cambridgeshire
since 2019, 56; Jenson Button, British
Formula One world champion (2009), 43;
Old Problem
Damien Chazelle, film-maker, La La Land
(2017), 38; Larry Clark, film director, Kids President Macron should persevere in raising France’s state pension age
(1995), 80; Michael Crawford, actor, Some
Mothers Do ’Ave ’Em (1973-78), and singer, 81; Lucile Randon, who assumed the name of Sister the centrist president, who has made pension re- Macron’s own first attempt to revamp the
Anuja Dhir, judge, commissioner, Judicial André when she became a nun, died this week at form the centrepiece of his second, and final, term. system foundered following strikes and the onset
Appointments Commission, 55; Stefan the age of 118. As the world’s oldest person, she was To most British eyes, such opposition is inexpli- of the pandemic, which weakened his resolve.
Edberg, Swedish tennis player and former a testament, albeit an extreme one, to the growing cable. Common sense dictates that as lifespan Marine Le Pen, the right-wing populist leader,
world No 1 (1990), 57; Tommy Fleetwood, longevity of the French. On average its natives live lengthens the state retirement age must creep up wants to maintain retirement at 62 for most
golfer, six-time winner on the European eight years longer than they did in 1980, and about to balance the public finances. Indeed, France’s people, while Jean-Luc Mélenchon, leader of the
Tour, 32; Tim Foster, rower, Olympic gold two years longer than the British. Yet whereas supposedly self-financing pension system is leftist bloc in the legislature, even favours a reduc-
medallist (2000), 53; Josephine Gauld, Britain’s official retirement age is 66, soon to rise creaking, with the government having to bail it out tion to 60. But despite his Renaissance party losing
diplomat, deputy UK high commissioner to to 67, the French can start collecting their state to maintain payments. What’s more, the rise in the control of the legislature in June, Mr Macron be-
Kenya and permanent representative to the pension at 62. In that context, President Macron’s retirement age would take place not straight away lieves it is a fight worth having. The French
UN Environment Programme and UN attempt to raise the retirement age to 64 is decid- but incrementally, with three months of extra national debt is 113 per cent of GDP and taxes
Habitat, 50; Lady (Kate) Gavron, edly modest. working life added annually until 2030. The new equate to 45 per cent of GDP, one of the highest
chairwoman, Carcanet Press, 68; Tippi Yet Mr Macron’s proposed change to the law is law also contains exemptions for those with physi- burdens in the developed world. Given this, main-
Hedren, actress, The Birds (1963), 93; Wayne expected to bring France to a standstill today. cally demanding jobs. taining Europe’s youngest retirement age is unten-
Hemingway, fashion designer and Black Thursday, as the planned 24-hour nation- Nonetheless, for many the retirement threshold able, already costing France 14.7 per cent of GDP.
co-founder (1982), Red or Dead, 62; Dame wide strike is being called, will lead to trains and is considered sacrosanct, an inviolable expression In grasping this nettle, Mr Macron is displaying
Patricia Hodgson, chairwoman, Ofcom flights being cancelled and be accompanied by of the state’s responsibility to the individual. The considerable political courage. If Renaissance’s
(2014-17), 76; Rt Rev Rose Hudson-Wilkin, stoppages in schools, hospitals and oil refineries as issue is a running sore that has bedevilled past allies in the legislature desert it, Macron could
bishop of Dover, Speaker’s chaplain (2010- unions join forces to fight the measure. They are efforts at reform. Jacques Chirac tried and failed in force through reform by decree, which would
19), and chaplain to Queen Elizabeth II hoping for a mass turnout of protestors after polls 1995, while Nicolas Sarkozy only succeeded in enshrine him as even more of a hate figure among
(2008-19), 62; Richard Lester, film director, suggested that 70 per cent of the country is raising the age from 60 to 62. One former prime the many who regard him as a technocrat friend of
The Beatles: A Hard Day’s Night (1964), 91; opposed to working longer. Mr Macron’s oppo- minister, reflecting on the intractability of the the metropolitan elite. Still, in administering this
Dolly Parton, country music singer and nents on the left and right hope to ride this wave issue, quipped: “The English have Ireland and the unpopular medicine he can be sure that he is doing
actress, 77; Sir Simon Rattle OM, music of discontent and inflict a humiliating defeat on Americans have guns. We have pensions.” the right thing for his country.
director, London Symphony Orchestra, 68;
Cindy Sherman, photographer and film
director, 69; Sir John Stanley, Conservative
MP (1974-2015), Northern Ireland minister
(1987-88), 81; Scott Taunton, president of
broadcasting, News UK, 52; Dennis Taylor,
Lights Out
snooker player, world champion (1985), 74.
Sleepovers are losing their appeal for many American parents
On this day The humble sleepover, for decades an innocent between receiving and accepting an invitation. in 45 per cent of US homes. Increasingly, non-gun
rite of childhood passage, not to mention a blessed What if, for example, an Instagram or Twitter feed owning Americans feel the same way.
In 1915, in the first air raid on Britain, two relief to the non-hosting parents, appears to be the reveals an evangelical anti-vaxer? A creationist? Less starkly, a quick electronic trawl might sug-
German Zeppelins crossed the Norfolk coast latest victim of cultural polarisation in America. Or, for that matter, a proselytising Darwinian gest a household with lax attitudes towards screen
to bomb Great Yarmouth and King’s Lynn. The full-blown sleepover is losing ground as the atheist? A new partner who seems a bit iffy? time, internet access, bedtime or junk food. In
compromise home-at-midnight “late-over” gains What if you learn your offspring will be spending such cases a judgment must be made. Perhaps a
popularity, with some mums and dads concerned the night under the same roof as a gun enthusiast? blind eye can be turned: children need to experi-
The last word about allowing their kids to stay at friends’ houses. In 2020, 4,357 children died from gunshot wounds ence different cultures and homes, different
These concerns aren’t so much about what isn’t in the US. Last year, firearms became the number rhythms and mores. Then again, children also
“Accident ruled every corner of the universe known about those in loco parentis, but what is. one killer of young Americans, responsible for 20 need stability, predictability — and sleep. This side
except the chambers of the human heart.” Given the ubiquity of social media, a great deal per cent of all deaths of those aged 19 and under. of the Atlantic, we submit, there’s still a lot to be
David Guterson, American novelist and of information about your child’s prospective Never mind a sleepover, British parents wouldn’t said for “not very often and never on a school
journalist, Snow Falling on Cedars (1994) stewards is available to peruse in the window want their child within a mile of the weapons found night” as a time-honoured compromise.
28 2GM Thursday January 19 2023 | the times
World
Minister among dead as helicopter
Ukraine have played a leading role in defending
Profile Kyiv from Russian forces last year.
Marc Bennetts, Joshua Thurston
The Kremlin has not commented on
D
Fourteen people, including Ukraine’s enys Monastyrskiy the incident, days after more than 40
interior minister and a child, were killed was in charge of the people, including several children, were
yesterday when a helicopter crashed police force and killed when a Russian cruise missile hit
next to a nursery near Kyiv. national guard, and a block of flats in Dnipro, central
A fierce fire erupted when the air- the emergency Ukraine.
craft carrying Denys Monastyrskiy, as services. He also oversaw Yesterday, while President Putin was
well as his deputy, Yevhen Enin, came investigations into atrocities in St Petersburg paying respects to the
down in the town of Brovary, about 12 carried out by Russian troops, 400,000 civilian victims of the Nazi
miles from Kyiv, Ukrainian police said. warning that the war would set siege of the city, police in Moscow
All nine on board died, along with five off a “humanitarian catastrophe” arrested four people who had brought
people on the ground. Another 25 were (Marc Bennetts writes). flowers to a makeshift memorial for
injured, 15 of them children. Orysia Lutsevych, a Ukraine those killed in Dnipro. Flowers and
Monastyrskiy, 42, is the most senior analyst at the Chatham House children’s toys were removed.
Ukrainian official to have died since the think tank in London, described Putin told factory workers in St
start of the Russian invasion 11 months his death as “a grave loss for Petersburg that he had “no doubt”
ago. His death was described by Denys Ukraine”. Russia would be victorious in the war,
Shmyhal, the prime minister, as a great Within a month of the invasion which he claimed was aimed at
loss to the country. Monastyrskiy, 42, could be found protecting Russian speakers living in
Local residents described scenes of on both the political and military the Donbas region, eastern Ukraine.
chaos as parents rushed to save their front lines, giving regular Thousands of people died in the
children from the inferno in the updates about missile strikes Donbas between 2014 and 2015 in
moments after the crash. across the country and issuing fighting that erupted after Russia
Video from the scene showed a large grave warnings about the legacy deployed troops to support a nascent
blaze on a housing estate and the of unexploded ordnance. separatist movement, but there had
charred wreckage of the helicopter. Born in Khmelnytsky, western been no large-scale battles until Putin
The sound of screaming could be heard Ukraine, he studied law, joining ordered tanks into Ukraine last year.
from burning buildings, while a man lay Hillmont Partners, an Anglo- The Russian-backed Donetsk People’s
face down on the ground near a child- Ukrainian legal firm that Republic, the largest separatist-held
ren’s playground. The helicopter’s rotor represented Kvartal 95, President territory, has claimed that only seven
blades were embedded in the entrance Zelensky’s TV production civilians were killed in the region in
of an apartment building. company, and later obtaining his 2021.
Glib, a 17-year-old resident, told the PhD. He was remembered by one Putin’s comments coincided with re-
Reuters news agency: “We saw colleague as “a very bright, marks from Sergey Lavrov, the Russian
wounded people, we saw children. smiley, friendly, patriotic person”. foreign minister, comparing Nato to
There was a lot of fog here, everything He is the most senior Nazi Germany. He accused western
was strewn all around. We could hear Ukrainian official to die since the countries of seeking “the final solution
screams, we ran towards them. We took start of the war. of the ‘Russian question’, just as Hitler
the children and passed them over the wanted to finally solve the Jewish
fence, away from the nursery as it was question”. Lavrov prompted outrage
on fire, especially the second floor.” included six ministry officials and three last year when he claimed that Hitler
President Zelensky described the crew. “[It] was circling and burning,” a had “Jewish blood”.
incident as a “terrible tragedy”, local woman said in a video posted on Olena Zelenska, the Ukrainian
adding: “The pain is unspeak- Twitter. She said the pilot appeared president’s wife, appeared close to tears
able.” He said that he had to have steered the stricken aircraft when she was told of the helicopter
ordered an investigation. away from a larger block of flats. crash before attending a World
Andriy Kostin, Ukraine’s All civilian aircraft have been Economic Forum session in Davos,
prosecutor-general, said grounded in Ukraine since the start Switzerland. “Another very sad day Investigators
that nothing had been of the war. Volodymyr Yermolenko, today, new losses,” she said. joined soldiers
ruled out, including a Ukrainian journalist who lives Brovary, with a population of about and rescuers at
sabotage. The in Brovary, said Russian strikes 100,000, was targeted by Russian the crash scene.
investigation is being on energy infrastructure troops at the start of the invasion but The cause was
carried out by the meant that there had been a has not been involved in fighting since not immediately
SBU, the state power cut and nearby they were forced to retreat. known. Olena
security service. buildings were unlit. Admiral Rob Bauer, the Dutch Nato Zelenska, left,
The helicopter Monastyrskiy, a father-of military committee chief, said: “Even was told of the
was heading for “a two, was appointed by though the cause of the accident incident in Davos,
hot spot where mili- Zelensky in July 2021, remains unclear, it’s yet another stark where she is at
tary hostilities are seven months before reminder of the senseless destruction the World
taking place”, Kyrylo the start of the war. and the immense grief that this war Economic Forum.
Tymoshenko, deputy He was in charge of poses.” Her husband said
head of the Ukrainian the Ukrainian Bridget Brink, the US ambassador to that Denys
presidential office, said. police, the national Ukraine, wrote on Twitter: “Shocked Monastyrskiy,
Those on board the guard and other and saddened by the terrible news from far left, had
French-made Super emergency ser- Brovary.” died in a
Puma helicopter vices, and is said to Denys Monastyrskiy obituary, page 50 terrible tragedy
World
PHILIPPE LOPEZ/AFP/GETTY IMAGES
Saudis host
football
tournament
for women
Saudi Arabia
Abbie Cheeseman Beirut
Saudi Arabia is hosting its first inter-
national women’s football tournament
as the kingdom attempts to rid itself of
its reputation as an authoritarian
nation where women have few rights.
The nine-day tournament, which
comes shortly after Qatar hosted the
World Cup, has brought the national
women’s teams of Pakistan, Mauritius
and Comoros to Saudi Arabia.
The matches, all played in al-Khobar
in the east of the country, are being
officiated by Anoud al-Asmari, the first
Saudi woman to be accredited as an
international referee by Fifa last week.
From Formula One to football, and
with an eye on eventually hosting the
Olympics, Saudi Arabia is pouring
money into becoming a global hub for
big sporting events. The crown prince,
Mohammed bin Salman, known as
MBS, wants to restore the kingdom’s
Matters of life and death Singers rehearse Mozart’s Requiem, which was completed after his death by his pupil, at the Opéra National de Bordeaux. They will be reputation with the campaign. Human
reusing old sets and costumes in the first “zero purchase” production by a national opera company. The performances run from tomorrow until January 28 rights groups said the nation was
“sportswashing” its repressive record.
Former Barclays boss ‘well aware’ of Epstein’s trafficking pitch over the past few months. The
shock defeat of Argentina in the World
Cup group stage sent people across the
Arab world into a state of euphoria.
United States aware” Epstein was trafficking victims, trafficking. Lawyers for the woman be- knowledge of Epstein’s sex trafficking Their success was followed by the news
according to the complaint. The banker hind the proposed class action, known venture.” JPMorgan declined to com- that Cristiano Ronaldo had signed a
Callum Jones New York
“personally spent time with young girls as Jane Doe 1, allege that Staley “per- ment. The bank recently sought to dis- deal to join the Saudi club Al-Nassr for
The former Barclays boss Jes Staley has whom he met through Epstein on sonally observed Jane Doe 1 as a sexual miss the lawsuit. “Jane Doe 1 is a survi- an estimated £173 million a year.
been accused of having “personally several occasions,” it claimed; visited trafficking and abuse victim at times in- vor of Epstein’s sexual abuse, and she is Human rights groups urged Ronaldo
observed” sexual abuse by the paedo- his “victim stash house apartments” on cluding through his departure from entitled to justice” but filed meritless to call out abuses. “Saudi women still
phile Jeffrey Epstein. the Upper East Side of Manhattan; and JPMorgan in 2013”. claims against the “wrong party”, it said. [need] a male guardian’s approval to
A woman suing JPMorgan Chase for “observed Epstein sexually grab young They accused JPMorgan, where Sta- Staley left JPMorgan in 2013. In 2015 marry, be released from prison or
facilitating Epstein’s crimes made a women in front of him”. ley served as a top executive, of turning he was named chief executive of Bar- obtain sexual and reproductive health-
series of new allegations about Staley, A lawyer for Staley did not respond to a blind eye to Epstein’s activity: “As a re- clays. He stepped down as chief execu- care,” Shea said. “Minimal reforms only
who worked at the American bank a request for comment last night. Staley sult of Staley’s direct and actual know- tive of Barclays in late 2021 after an in- came about after [years] of activism and
before leading Barclays, in an amended has previously denied knowledge of ledge of Epstein’s sex trafficking ven- vestigation by British regulators into scores of [activists] remain under sus-
complaint. Staley, 66, had been “well Epstein’s abuse, and involvement in sex ture, JPMorgan had direct and actual his ties with Epstein. pended prison sentences.”
the times | Thursday January 19 2023 2GM 31
World
Ich bin ein Berliner — and not that rude, thank you very much
Germany blistering rudeness has survived to the Essen, Dresden, Frankfurt, Cologne, Berlin scored quite highly for “failing to obnoxious noises in public. It had an
present day. Visitors often complain of Dortmund and Munich. pay heed to strangers”, rudeness to overall score of 6.5.
Oliver Moody Berlin
hard stares and a refusal to help the Censuswide, a British market waiters and “watching videos in public” It is not clear why Essen was felt to be
In the opinion of the 19th-century elderly or harassed parents on public research company, interviewed 1,525 but was otherwise in the middle of the so rude when neighbouring Bochum
German novelist Theodor Fontane, the transport, poor awareness of personal people in the 20 largest German cities pack, with a total score of 5.9 out of ten, was rated as the politest city with 5.2
mark of a true Berliner was the tenden- space or gruff to non-existent customer for Preply, a language-learning app. where ten was the worst behaviour. points, and Duisburg, next door to the
cy to barge into a stranger on the street service. Each participant was asked to rank By contrast Essen, a city of about west, came in at a mildly inoffensive 5.7.
and then growl at them: “You’d better Yet this aura of coarseness is largely from one to ten how often they encoun- 590,000 people in the heart of the This may have something to do with
look where you’re going.” undeserved, according to a study that tered 12 “rude” behaviours, including rugged industrial Ruhr region, led in the small sample size — an average of
The city’s reputation for what natives suggests Berlin is not even among the fiddling with a smartphone in public, most categories, with particularly bad barely 75 people in each city — or that
tend to consider charming directness top five rudest cities in Germany. “cagey” body language, queue-jumping ratings for tipping, invading other the differences between the cities were
but which to outsiders often seems like The poll placed it seventh, behind and treating service staff with disdain. people’s personal space and making not particularly big.
GREGORY PACE/SHUTTERSTOCK
Mystery over
Lollobrigida’s
missing riches
Philip Willan
Tensions are mounting over Gina
Lollobrigida’s estate after she died on
Monday at the age of 95.
The film star’s often chaotic personal
life has left several claimants to her
property and suggestions that much of
her wealth may have been dissipated,
despite her being placed under a court-
appointed guardian in October 2021.
Assets that should form part of her
estate include a villa on the Appian
Way, an apartment in Rome, a shop in
Gina Lollobrigida’s
wealth was placed
in guardianship
World
GUILLAUME ASTRUC/NATURAGENCY/SOLENT NEWS
Business
world markets (Change on the day) commodities currencies
FTSE 100 Dow Jones Gold Brent crude (6pm) £/$ £/€
7,830.70 (-20.33) 33,296.96 (-613.89) $1,903.26 (-4.22) $ $85.64 (+0.40) $ $1.2359 (+0.0093) $ €1.1422 (+0.0061) ¤
8,000 35,000 2,000 120 1.300 1.300
BRIAN LAWLESS/PA
Microsoft
layoffs add
to tech woe
10,000 jobs will go at a cost of $1.2 billion
Katie Prescott, Callum Jones hard choices and would “invest in
strategic areas for our future . . . while
Microsoft is axing 10,000 jobs, about divesting in other areas”, he said, with-
5 per cent of its global workforce, as out saying which.
companies throughout the technology Based in Redmond, Washington,
sector continue to make sweeping cuts. Microsoft has a market value of about
The giant American software group $1.8 trillion and a global workforce of
yesterday became the latest to say it 220,000 employees, including 6,000 in
would shed staff this year. It will take a Britain. It owns businesses including its
$1.2 billion hit in the second quarter as it Azure cloud computing unit; LinkedIn,
grapples with severance costs and the social network; and Xbox, the gam-
consolidates some office leases. ing group. It is seeking approval for the
About 26,000 technology workers $69 billion takeover of Activision
have lost their jobs this month, accord- Blizzard, the video games developer.
ing to Layoffs.fyi, a technology sector Microsoft was “seeing organisations High-viz announcement Ben Wallace, the defence secretary, at the Harland & Wolff shipyard in Belfast yesterday, which
employment tracker, after more than in every industry and geography exer- has won a multibillion-pound defence contract that will create about 900 jobs at the famous Northern Ireland site Page 43
154,000 were let go last year as compa- cise caution”, Nadella wrote, “as some
nies prepare for a recession. parts of the world are in a recession and
Amazon is cutting more than 18,000
jobs and yesterday it contacted some
affected workers in the United States,
Canada and Costa Rica. Meta Plat-
other parts are anticipating one”.
Twitter, in particular, is scrambling
to cut costs. The Information reported
that employees there had been told that
Dragon takes flight with £100m fund
forms, the owner of Facebook and daily revenue was down about 35 per Katie Prescott technology-based start-up valued at social media marketing company, after
Instagram, has reduced its workforce cent after more than 500 top advertis- Technology Business Editor more than $1 billion. dropping out of university aged 21. In
by more than 11,000. Twitter has laid off ers paused spending. Twitter, which has He would not be drawn on the names 2019 it merged with Lumaland, a
thousands of staff since Elon Musk’s disbanded its press office, did not Steven Bartlett, a star of Dragons’ Den of the backers, only that they include German online retailer, and was listed
$44 billion takeover. respond to a request for comment. and host of the popular Diary of a CEO Alan Barratt, from Grenade, the on the Xetra electronic exchange in
Like its peers, Microsoft had been Appearing at the World Economic podcast, has launched a £100 million nutrition business recently sold to Dusseldorf with a valuation of
hiring aggressively, recruiting about Forum in Davos, Nadella called for fund to back European entrepreneurs. Mondelez, and Christian Angermayer, €186 million.
75,000 staff since 2019 as demand for “more data, less dogma” about remote He has brought together a group of a biotechnology investor. Along with his Dragons’ Den invest-
technology rocketed during Covid-19 working and warned that the pandemic successful founders, each of whom has Bartlett, 30, said: “A modern founder ments, he has backed Huel and founded
lockdowns. As the economic environ- had changed the workplace for ever. “I put an average £1 million into the Flight isn’t looking to take money from suits. Flight Story, a marketing consultancy,
ment turned, however, companies have don’t think we can say that we will just Story Fund, with a view to lending their They want to work with entrepreneurs and Third Web, an internet business.
scrambled to make savings. go back to 2019,” he said. “Nor can we experience and expertise to those who that have walked the path they’re Bartlett came up with the idea for the
Satya Nadella, chief executive, say we are going to live as if it is 2020.” win investment. intending to walk. I probably could new fund after being inundated with
pledged to “treat our people with Nadella, 55, highlighted an increas- The fund has a broad remit to write have raised a fund in 5 per cent of the pitches for investment following his
dignity and respect” and to “act trans- ing divide between employers and em- cheques over the next two years of time, but staying true to this thesis to appearances as the youngest investor
parently” in an email to staff, emphasis- ployees. A survey by Microsoft of 20,000 between £1 million and £10 million to bring on board Europe’s best founders on the BBC Two programme and host-
ing that laid-off employees would people last year found that while 87 per fast-growth companies that “have the to back us, it has been much harder — ing Diary of a CEO, where he interviews
receive benefits including healthcare cent of employees felt they worked as, potential to become Europe’s next but it’s much more fun.” high-profile figures about their person-
for six months and 60 days’ notice. or more, efficiently from home, 80 per unicorn”, Bartlett said. Unicorn is the His own business background al and business lives and has passed the
The company would have to make cent of managers disagreed. term used for a privately held, often started when he built Social Chain, a million-subscriber mark on YouTube.
34 2GM Thursday January 19 2023 | the times
Business
Need to know
1
Microsoft is axing 10,000 jobs,
or about 5 per cent of its global
Activists set In activists’ sights
Google owner Alphabet is just one
of the companies to have come
under pressure last year
2
The pound surged close to a
seven-month high against the
dollar after a fall in Britain’s
inflation and weak economic data
for America prompted speculation
of attacks on
companies
that central banks are near the
end of their spate of interest rate
rises. The pound touched $1.243
before settling at $1.236. Page 33
3
Steven Bartlett, a star of
Dragons’ Den and host of the
Diary of a CEO podcast, has Ben Martin Banking Editor behind closed doors but they often go
launched a £100 million fund to public with their demands as a way of
back European entrepreneurs. He British boardrooms have been warned putting pressure on the management
has brought together a group, each to brace for a further wave of investor teams of the businesses that they have
of whom has put an average activism after a record number of new targeted.
£1 million into the Flight Story campaigns at European companies While activism typically is pursued
Fund, with a view to lending their propelled global activity by corporate by specialist hedge funds, other types of
experience and expertise to those raiders to its highest level since 2018. investment firms, including main-
who win investment. Page 33 A report released yesterday by stream fund management houses, are
Lazard, the boutique investment bank, adopting similar strategies to boost
4
British boardrooms have been showed there were 235 new initiatives returns, Lazard has found.
warned to brace for a further started by activist shareholders around Thomas said: “Activism is not just for
wave of investor activism. A the world last year, a 36 per cent activists any more. It’s a tactic that all
report by Lazard, the investment increase on 2021 and a resurgence after kinds of shareholders are using.”
bank, showed 235 new initiatives three years of falling interventions. Another emerging trend that Lazard
started by activist shareholders Europe, including Britain, is proving has identified in Europe is “swarming”,
around the world last year, a to be an increasingly attractive hunting which is when more than one share-
36 per cent increase on 2021. ground for corporate raiders, with 60 holder starts agitating for change at a
new campaigns launched in 2022, the company. It said that last year
5
A lawyer for Tesla investors most ever for the region in a single year. swarming activity had increased in
told a court that Elon Musk, The UK remained the European frequency, had involved larger groups
its chief executive, had “lied” market of choice for activists and of shareholders and had targeted larger
when he tweeted in 2018 that accounted for 38 per cent of targets companies.
funding was “secured” to take the during the year. This happened at Unilever in
company private. Musk’s remarks Activists have pounced despite a January last year, when the FTSE 100
had caused “regular people” to backdrop of uncertainty in Europe and consumer goods conglomerate came in
lose millions, a jury in San Britain after Russia invaded Ukraine for criticism from Terry Smith, 69, the
Francisco was told. and sent energy prices soaring. British stockpicker behind the Fund-
“Within all that disruption there was smith investment firm. Within a month
6
House prices fell in still this record,” Rich Thomas, mana- it had emerged that Nelson Peltz, the
November, according to ging director and head of European veteran American activist who runs
official data. The average shareholder advisory at Lazard, said. Trian Fund Management, had built a
house price in the UK fell by “The market has already kicked off the stake in Unilever and by May the 80-
0.3 per cent to £295,000, data new year with quite a few new year-old billionaire had been appointed
published by the Land Registry campaigns.” He said there was nothing to the board of the Dove and Ben & Jer-
has shown, down from £296,000 to suggest that the pace of activism ry’s manufacturer.
in October. Page 36 would slow this year. One of the most aggressive and board Value, another American hedge Disney, the entertainment group that
Activist shareholders are among the prolific raiders is Elliott Management, fund, which started seven. has also attracted the attention of Peltz.
7
Burberry, the British luxury most feared players in stock markets. the American hedge fund that was The United States, which is where It emerged last year that his Trian
brand, said its retail revenue They focus on companies that they founded in 1977 by Paul Singer, 78, a investor activism has its origins, vehicle had started building a stake in
had increased to £756 million, believe are undervalued and try to gen- former lawyer who has made a fortune remained the single biggest market for Disney and a war of words has erupted
up 5 per cent from £723 million a erate investment returns by building from the firm. Lazard’s research corporate raiders in 2022, with a 41 per between the two sides in recent days as
year ago. Comparable store sales stakes and then agitating for a change showed that Elliott was the world’s cent increase in activity to 135 new Peltz has campaigned to push his way
in the 13 weeks to December 31 of strategy or a sale. leading activist in 2022, having started offensives, Lazard said. Notable on to the media group’s board.
rose by 1 per cent, but this was Their campaigns typically begin 13 campaigns. It was followed by Star- American targets have included Walt However, the technology sector
below market expectations of
2 per cent. Page 38
8
A change in shopping habits
as people react to the sharply
rising cost of living has driven
Cazoo gears up for fresh focus on profitability
an “improved” performance in
Britain for Currys, prompting the Callum Jones 19.6 per cent at 24 cents in New York would make no difference to the com-
electricals retailer to retain its Share price last night. pany’s day-to-day operations.
US Business Correspondent
annual profit guidance. Page 39 $14 Chesterman, 53, compared the “It takes time and capital to trans-
The founder of Cazoo is preparing to present climate among investors to the form large industries. The upside of
12
9
The sale of Maker&Son, a relinquish his role as chief executive of aftermath of the dotcom bubble two doing so is very significant, but it’s not a
furniture brand co-founded by the online used car retailer as it restruc- 10 decades ago. “People have limited straight line upwards in terms of
Felix Conran, grandson of Sir tures and lays off more staff in an effort 8 patience,” he said. “One has to be growth,” Chesterman said. “You saw
Terence Conran, was presented as to shore up the business. 6 sensible and adjust accordingly.” that 20 years ago with Amazon.”
Source: Refinitiv
another family success story, as Alex Chesterman will become exec- Cazoo, set up in 2018, buys second- Cazoo generated revenue of £1.25 bil-
well as a coup for Inc & Co, the utive chairman this spring as the firm 4 hand cars, reconditions them and lion in 2022, about double that of the
Manchester group that acquired it. he founded undergoes a turnaround 2 delivers them to buyers’ homes. It is previous year, according to preliminary
Instead, the deal has unravelled in following a share price slump. 2021 2022 0 based in London and is led by results. It finished December with cash
spectacular fashion. Page 40 Seventeen months after going public Jan Apr Jul Oct Jan Apr Jul Oct Jan Chesterman, who previously launched of £250 million.
in New York via a $7 billion blank- Zoopla, the digital property market- Announcing its revised plan for 2023,
Business
Annual global activity Déjà vu at Disney
Campaigns launched
249
235
250 Executives at Walt Disney didn’t
have time to breathe a sigh of relief
Nuclear option puts
Treasury on alert
after reaching a truce with Dan Loeb
209 200 last autumn, because as one
184 corporate raider headed off into the
173 sunset, another emerged on the
150 horizon (Callum Jones writes).
Nelson Peltz first quietly informed
the House of Mouse of his wish to business commentary Alistair Osborne
100 join its board last July. His Trian
M
Fund Management has built a stake aybe Great British big nukes and you treble that
of about 0.5 per cent in Disney, Nuclear will prove as problem before taking on small
50 worth about $900 million. successful as Great modular reactors — an untried
Last week, when Disney formally British Railways: technology to which Rolls-Royce’s
rejected his bid to join the Magic another government new boss, Tufan Erginbilgic, seems
0
2018 2019 2020 2021 2022
Kingdom, he launched a very public invention still stuck in the sidings disinclined to bring blue-sky finance.
fight to overrule its decision. while the strike-bound network Add it up and Bowen is right to
Commencing one of Wall Street’s grinds to a halt. think Britain’s nuclear plans will
Top activists 2022 biggest proxy battles in years, Peltz But at least Simon Bowen is after require “substantial” taxpayer
Campaigns launched declared that the entertainment an improvement on that. Who he? support. It’s high time the
Elliot group was in the midst of a crisis of The industry adviser picked by government spelt out how much
13 its own making after allowing costs ministers to make their nuclear financial fuel it’s willing to burn.
Starboard Value to swell and spending too much on nirvana a reality. He’s setting up
GBN, the “flagship body” to corral
Ancora Advisors
7 acquisitions — and last night it
emerged that Geoff Morrell had the construction of up to 24 gigawatts Just Eat digested
6 received $8.4 million in 2022 for just of new capacity by 2050: a shopping
B
Land & Buildings four months as chief corporate list, he says, that will involve at least urgers, bolognese, biryani. Just
6 affairs executive before leaving, three more mega-nukes on top of Eat Takeaway works with
Amber Capital according to the Wall Street Journal. Hinkley Point C, plus a litter of 680,000 restaurants in 20
5 Disney has pushed back, claiming small modular reactors. As he told countries concocting all kinds of
Icahn Associates
Peltz, 80, has “no track record” with MPs on the science committee, the chow (report, page 39). So you’d
large media or tech companies and new body will be the “glue within think boss Jitse Groen could have
5 “no solutions to offer” it. But it the industry to drive the nuclear come up with something tastier for
Impactive Capital comes at a sensitive time for the programme” (report, page 41). investors than the dog’s breakfast he
5 group, which in November sacked Always assuming it gets set up, of served up in 2021 and 2022.
Stride Asset Bob Chapek, its boss, and reinstated course — because you can already After a Covid blowout pushed the
5 Bob Iger, his predecessor. sense Bowen’s frustration with the shares to nearly £100, they imploded
Third Point Peltz has at least one powerful government. In a post-Ukraine war soufflé-style to little more than a
5 ally inside the business: Isaac push for energy security, it was Boris tenth of that — not helped by the
Engine Capital Perlmutter, chairman of Marvel Johnson who declared that Britain indigestion that followed his, luckily,
4 Entertainment has been advocating should “go nuclear and go large”, not all-share $7.3 billion purchase of
for him to join the board since last that he spelt out the eye-popping American rival Grubhub, which he’s
Top 5 European countries summer. He, and Trian, failed to win costs to the taxpayer. But Bowen’s now trying to sell. By May last year,
for activists over the group during a report into how the new body JET had got itself so many revolting
Percentage of campaigns
presentation last week. should work, complete with 25 shareholders that chairman Adriaan
Not everyone is convinced. recommendations, has since been Nühn fell on his fork before the
UK Richard Greenfield, of Lightshed passed from Liz Truss to Rishi annual meeting vote to oust him.
38% Partners, said his firm “cannot think Sunak and deemed top secret. So when Groen pitched up in
France of something less important right To boot, from the latest PM he August with €134 million of half-
18% now” than Trian’s call for Disney to sees no “overarching strategy” on year ebitda losses and declared that
Germany restore its dividend. “Peltz’s view of what’s needed for energy security: the group’s “path to profitability”
8% the world is backward-looking, with the “quantum of nuclear” or other was “accelerating”, scepticism was
Italy
no understanding of how rapidly the technologies. That’s crucial because the order of the day. Not so much
7%
landscape is changing, especially in “the investment required in nuclear now. A second-half rebound has left
light of the lasting impact of the is substantial”, he says, with the JET with positive full-year ebitda of
Netherlands pandemic on the balance sheet.” same stuff underpinning successful €16 million, far better than forecast
5% Source: Lazard international projects: “A substantial €105 million losses. As for this year,
amount of government leadership he’s shooting for €225 million.
drew the most attention in America Chris Hohn, 56, a billionaire money operated more effectively with signifi- and fiscal support, not just in terms How exactly he’s done it is a bit
from activists in 2022, with companies manager and philanthropist who has cantly fewer employees,” it said. of financing but who bears the risk.” unclear. The total value of orders
including Alphabet, the owner of garnered a reputation as a fearsome Other high-profile campaigns that Can anyone detect that sort of placed on the platform, or gross
Google, and Salesforce, the software activist. drew attention in the City of London leadership in the UK? As Graham transaction value, was flat last year
company, coming under the micro- In November TCI urged the techno- last year included Palliser Capital’s Stuart, the energy minister, also told at €28.2 billion; orders fell 9 per cent
scope. Starboard Value has built a stake logy powerhouse to take “aggressive continuing attempt to stop the London- MPs, the government is “thrashing to €985 million; and fourth-quarter
in Salesforce, while the London-based action” to cut costs. “Our conversations listed Capricorn Energy’s £3 billion out and agreeing the details” of figures missed forecasts. But Groen
TCI, another activist firm, is pushing for with former executives of Alphabet takeover by NewMed, an Israeli gas GBN in light of the “challenging pointed to cost-cuts, lower delivery
change at Alphabet. TCI is led by Sir suggest that the business could be producer. fiscal environment”. And, rightly, the costs, higher revenue per order and
Treasury is aghast at the figures. a return to growth in key markets
Vast cost overruns and delays are since August. Whatever, the shares
the stuff of big nukes — Hinkley, rose 4 per cent to £22.15½. Who
Retailer’s value Tesla investors lost millions say, up from £18 billion to £26 billion
and now a decade late. Next up is
knows if he can keep this up? But at
least investors aren’t feeling so sick.
loses its shine after Musk ‘lies’, court told Sizewell C, where the government
made a ridiculous hoo-ha in
November about injecting a pitiful Cazoo in a jam
Tracey Boles Times Business Reporter countered shareholder opposition. £700 million, alongside France’s EDF.
B
“You will come to learn very soon that That’s just to bring the £30 billion it late for Cazoo founder Alex
Shein is in talks to raise up to $3 billion Tesla boss Elon Musk “lied” when he this was not fraud, not even close,” Alex project to final investment decision. Chesterman “to focus on the
in a move that would lead to the said that funding was “secured” to take Spiro said during opening statements. After that, who knows where the strategic direction of the
Chinese fast-fashion group accepting a the company private, a lawyer for Tesla While the tweets contained “techni- money’s coming from? company”. Wouldn’t that have been
vastly reduced valuation of $64 billion. investors said yesterday, as an attorney cal inaccuracies,” Musk was concerned Even allowing for a new regulated better before he steered the shares
The latest value is more than a third for Musk argued that the billionaire that some investors knew about his go- asset base funding model that lands down 97 per cent since August 2021’s
lower than its $100 billion peak after merely used the “wrong words” when private plan and wanted to get the in- consumers with construction cost US Spac listing to about 25 cents,
investors started to re-evaluate techno- he tweeted about his plans in 2018. formation out to the “everyday share- overruns, private investors are yet to now valuing the online car dealer at
logy start-ups. Tesla investor Glen Littleton is seek- holder” that he “wanted to protect,” bite, not helped by the government about $190 million, or less than the
According to the Financial Times, ing damages on behalf of shareholders Spiro said. “In a rush, he used the wrong hitting green energy investors with a cash on its balance sheet?
the internet retailer is seeking to close a who traded the company’s stock in the words,” he said. windfall tax. And even if Sizewell Yes, Chesterman, who’s making
new fundraising round from existing days after Musk posted his plan to take A jury of nine will decide whether the could be two thirds funded in the what looks a bit of a cosmetic switch
investors, including Mubadala, the Abu the company private on Twitter in tweets artificially inflated Tesla’s share debt markets, that still leaves a from chief executive to executive
Dhabi sovereign wealth fund, Sequoia August 2018. price and if so, by how much. £10 billion equity cheque. EDF wants chairman, has been unlucky with his
China, the venture capital group, and Musk’s alleged lies caused “regular Littleton, a self-employed investor, no more than a fifth of that, while timing, a market correction he
General Atlantic, a private equity firm. people” to lose millions, Nicholas Por- told the court he began investing in any regulator would want a likens to the dotcom crash that’s
The three investors were involved in ritt, lead attorney for the investors, told Tesla in 2015, and that he viewed contingency fund of at least forced him to cut sales targets and
Shein’s last fundraising round in April, a jury in San Francisco. “Millions of dol- Musk’s “funding secured” statement as £5 billion. Who pays for that? No costs. But he listed with a daft
which valued the group at just above lars were lost when his lies were ex- “absolute.” private financier can see how $7 billion valuation, or more than all
$100 billion. That made it the world’s posed,” he added. District Judge Edward Chen, who is Sizewell gets built without the UK quoted car dealers combined.
third most valuable private company at Musk’s lawyer disputed this charac- overseeing the trial, has ruled that government injecting £5 billion-plus Far too stretch limo to live up to.
the time, behind ByteDance, the parent terisation, saying that the billionaire Musk’s statements about the status of equity and insulating investors from
company of TikTok, and Elon Musk’s was “serious” about taking the com- the deal were false and Musk made most construction risk. Build three alistair.osborne@thetimes.co.uk
SpaceX group. pany private in 2018, but ultimately en- them recklessly.
36 Thursday January 19 2023 | the times
Business
Layoffs loom at Vistry as new home sales halve towards year-end
Tom Howard tain outlook. He said he had seen “some surging mortgage rates, the gloomy and Fitzgerald, 58, and his team are already started to cut back on its land
green shoots” over the past couple of economic outlook and predictions of a considering similar action as well. “We spending and is being “very selective”
Vistry has become the latest house- weeks but did not expect the housing sharp fall in prices deterred would-be are reviewing our staffing levels and we with any sites it is offered, while bosses
builder to warn that it may need to market to return to the highs of the buyers. will continue to review them depending have also looked to slow build rates.
make job cuts, despite racking up pandemic, during which demand, Vistry was still able to deliver a record on how quickly and how strongly the “We are absolutely mindful of the
record profits last year. prices and transactions all rose sharply. adjusted pre-tax profit of £418 million market moves,” he said. future, which we are optimistic about,”
Greg Fitzgerald, the developer’s chief For large parts of last year, Vistry was in 2022, a 21 per cent increase on the He remained optimistic that the Earl Sibley, 50, Vistry’s chief operating
executive, said he was giving “serious selling upwards of 0.8 homes a week at £234.5 million in the previous year. It market would return to its pre- officer, said.
consideration” to headcount reduc- each of its 140 or sites. However, that built 6,774 houses last year. pandemic levels more rapidly than Vistry’s shares rose 9p, or 1.2 per cent,
tions given the tail-off in trading in the figure almost halved to 0.46 homes per Taylor Wimpey warned last week some fear and so any job losses are un- to 756p yesterday.
final few months of 2022 and the uncer- week in the final quarter of 2022 as that it was mulling a round of job cuts likely to be in “big numbers”. Vistry has Tempus, page 42
PAUL MAGUIRE/ALAMY
“underpinned a solid
[profit] margin
performance”.
Joe Hudson, chief
executive, said that,
given the “more
cautious demand
environment”, 2023 was
likely to be “more
P
rice increases cost inflation, which it profits will fall to about
throughout the had passed on to its £117 million.
year helped customers. However, this year
Britain’s biggest Bosses at the production should begin
brick business FTSE 250 group expect of Britain’s first net zero
to assemble higher adjusted underlying carbon brick, which
profits than it had profits for 2022 to be Hudson, 53, is
anticipated in 2022 “modestly ahead” of “particularly excited
(Tom Howard writes). expectations, with the about”.
Ibstock, which sells previous consensus in The bricks will be
the bricks it makes to the City being for an made at Ibstock’s
developers and builders’ annual profit of about revamped Atlas factory
merchants, said £130 million. Most near Walsall in the West
yesterday that it analysts bumped up Midlands. Bosses expect
expected revenues last their estimates to about the new machinery to
year to have risen by £135 million on the sharply reduce carbon
25 per cent to back of yesterday’s emissions from what
£510 million, up from update. construction analyst at business at just over year as developers work because of the historically has been an
£409 million in 2021. “The group clearly did Investec, said. £650 million. slowed their build rates uncertain economic environmentally
Like many businesses, a good job passing on Shares in Ibstock The latest profit amid the fallout from outlook. unfriendly process, with
especially those with big cost increases in 2022,” closed 1½p, or 0.9 per upgrade came despite a the mini-budget, while Ibstock said that Ibstock seeking to offset
energy bills, Ibstock Aynsley Lammin, a cent, higher at 167p last drop in sales volumes many homeowners “disciplined cost any emissions that are
noted “significant” input building and night, valuing the towards the end of the delayed non-essential management” had produced.
Comment Business
‘‘
the true cost of reaching net zero make you a nationalist
T
No one should have report is the claim that reaching net decades of underinvestment. The he key insight of Friedrich are similarly muddled. They oppose
been surprised at zero will add 2 per cent to GDP by reasons for this failure can be traced Hayek, the Nobel prize- elites who advocate giving up
the demise of 2050. Indeed, one of Skidmore’s aims to the two basic principles that winning economist, was national sovereignty for global
Britishvolt. The is to convince sceptics, of whom there underpinned the privatisation of that useful information is governance. Yet, substantively, they
electric vehicle are many among his Conservative Britain’s utilities 30 years ago: that all decentralised. Localities, too want corporatist economics,
start-up venture, founded two years colleagues, that net zero should not costs should be borne by customers regions and countries are shaped by albeit at the national level. In the
ago by a Middle East-based bond be considered a cost so much as an with no recourse to taxpayers; and their own institutions and cultures. United States, national conservatives
trader with no background in the opportunity. Yet this attempt to that present customers should not be Individuals, families and companies are readily embracing trade
automotive industry and which downplay the costs is unhelpful, expected to pay for infrastructure understand their needs better than protectionism and industrial
lacked technology or customers, because it leads the report effectively while it is under construction. The some distant technocrat. strategies.
always looked like a punt on Boris to conclude that Britain’s ambitious consequences have been a reluctance Such humility is in short supply at Sadly, in our simplistic, polarised
Johnson’s willingness to lavish it with net zero targets, including a goal of by regulators, under political pressure Davos, where Klaus Schwab opened narratives, to be anti-Davos is to risk
subsidies. But its collapse has exposed completely decarbonising the energy not to raise customer charges, to by asking attendees what global being associated with either
what the former prime minister’s system by 2035, are achievable sanction investment and a preference elites needed to “master the future” trumped-up conspiracies or
boosterism was intended to conceal: without doing much more than what by companies to pocket profits rather of overlapping crises. The founder of Trumpist economics. But there’s also
the precariousness of the British car the government is doing already, only than build new infrastructure. the World Economic Forum a liberal case against the forum. Its
industry as it prepares for new post- a bit faster and with more The idea that this same regulatory answered himself, dreaming of a corporatist ideology is a recipe for
Brexit rules that could lead to tariffs determination. It is also unrealistic framework can now deliver the “platform where all stakeholders of top-down regulation and
on exports to the European Union because the cost of delivering net zero transition to net zero, along with all global society are engaged”. government favouritism. Even if the
from 2026 and a ban on sales of new is almost certain to be far higher than Britain’s other infrastructure needs, is By “stakeholders”, I doubt Schwab conference itself has little effect on
petrol and diesel cars from 2030. official estimates of roughly 1 per cent fanciful. It is not merely that to meant Joe Public. No, the “we” that policy, Schwab’s idea that global
Without a supply of domestically of GDP per year, as forecast by the decarbonise the energy network by Davos man usually refers to are the stakeholder partnerships of business
produced batteries, the industry could government’s own Climate Change 2030, Britain needs to install politicians, chief executives and and government elites are a
wither. Committee. Indeed, Sir Dieter Helm, 50 gigawatts of wind power and international functionaries attending governing ideal should be rubbished.
The plight of the car industry is a professor of economic policy at 30GW of solar, or that it needs to These elites have no special insight
cautionary tale for whole swathes of
the economy as the world embarks on
Oxford University and an expert on
the economics of energy, reckons the
build capabilities in new technologies
such as carbon capture and storage
‘These elites have no as to future global challenges. In
2007, the forum’s chief concern was
the transition to clean energy. The true cost is more likely to be in the and hydrogen, or to transfer the special insight as to bird flu, just before a banking and
Net Zero Review, a 368-page region of 3 per cent to 4 per cent of national housing stock to heat pumps financial crisis took hold. Its 2021
government-commissioned report GDP every year. or to build a national electric car future global challenges’ risk assessment largely ignored
delivered last week by Chris The truth is that a more realistic charging network by 2030. The inflation but listed “digital
Skidmore, a Conservative MP, view of the costs of net zero would country also needs an electricity grid the retreat in the Swiss Alps. It’s this inequality” as a worry. It’s arrogant
correctly characterises this transition lead to a very different debate about that is capable of connecting all this exclusivity, alongside loose talk of to believe those attending can steer
as a global race that Britain cannot how to get there. It would start by infrastructure and for this grid to be global mastery, that makes the eight billion people in a £90 trillion
afford to lose. asking: does Britain have the right installed before new clean energy conference a lightning rod for global economy to better outcomes.
It is not merely that both America, regulatory and industrial structures in projects are started to give investors conspiracy theories. Indeed, one virtue of a market
with its Inflation Reduction Act, and place to deliver such vast the confidence to provide the money. The World Economic Forum is not economy is that it delivers many
the EU, with its Fit for 55 green deal, infrastructure requirements in such a This is not going to be delivered via a secret cabal creating a new world bottom-up solutions to problems,
are pursuing extraordinarily short timescale? And who is actually electricity regulator Ofgem’s five-year order, nor a paedophile ring trying tailored to individual and local
ambitious green energy plans that going to pay? price reviews. to enslave us, as some whackos circumstances. In contrast, any one-
could crush Britain’s hopes of global The answer to the first question is There is no path to delivering net claim. Davos is really a corporatist size-fits-all “solution” thrashed out
leadership in the potentially vast new surely no. After all, if there is one zero by 2050 that does not require talking shop with no formal policy by distant stakeholders risks making
markets of the future. The transition thing that has become clear over the sizeable government support, whether power. Hubristic business chiefs, many worse off while entrenching
could impose significant costs in past year, it is that Britain’s regulatory in the form of guarantees or grants to politicians and bureaucrats sit new systemic risks across the globe.
many other sectors. The introduction and industrial structures have proved de-risk investments. That much around spitballing “global solutions” Certain problems, such as climate
of carbon border taxes, such as that woefully inadequate to deliver even should be clear already from the to various challenges. Their unifying change, require international
planned by the EU, could lead to the basic provision of present remarkable success of the contracts- idea is that by working together, co-operation. Even then, the Davos
British businesses facing much higher infrastructure needs, let alone take on for-difference regime that has turned business and government elites can instinct that big global companies,
prices for imported something as challenging as Britain into a world leader in offshore adjust the world’s path towards environmentalists and politicians
commodities such ass steel the transit
transition to new wind power. progressive goals. can hash it out in a “global
and fertiliser. technol
technologies. Indeed, None of this means that net zero by Left-wing critics of the economic co-operation village” is a recipe for
But if Skidmore is Britai
Britain’s 2050 should be abandoned. Far from forum confuse it with a free-market the worst type of crony capitalism.
right to emphasise infra
infrastructure has it. Skidmore is right that the organisation. Most attendees How many of the hundreds of
the urgency of the bec
become a source transition is already under way and certainly favour international trade millions of small businesses that
transition to net of national the greater risk is that the British and see corporations as a force for would be affected by the proposed
’’
zero, he is not sh
shame. Potholed economy gets left behind. But an good, but it does not push green “industrial transformation”
above a bit of ro
roads, collapsing honest government would confront “neoliberalism”, as many claim. globally had their voice heard this
boosterism of his ra services,
rail these issues, set out a clear and Schwab himself has attacked “free- week? Very few. Employees of the
own. Perhaps the p
polluted rivers credible plan to deliver on its targets, market fundamentalism” as having rest might catch a glimpse of the
most eye-catching an
and beaches, level with the public that there will be “eroded worker rights and economic attendees’ aircraft as they fly home.
number in his po
poor mobile and substantial costs and security, triggered a deregulatory
b roa
broadband explain how as a race to the bottom and [produced] Ryan Bourne is R Evan Scharf chair for
Britain cannot affordd cover
coverage, including society these will be ruinous tax competition”. the Public Understanding of Economics
he
to be left behind in the slow rarates of fibre shared. There is no Attacks on the World Economic at the Cato Institute and author of the
move to clean energy gy rollout, ar
are testimony to time to lose. Forum by “national conservatives” book Economics in One Virus
38 V2 Thursday January 19 2023 | the times
Business
down inflation . . . with the
situation changing by the Strong Europe Sales in Aspinal’s stores
increased by 40 per cent
and by 15 per cent online
in December; Catherine,
briefing
essential. Get the latest
news and market reaction
by 8am, and analysis at
lets Burberry is among the luxury
brand’s customers
Aspinal
and knitwear that featured in the and chief merchandising officer, res-
brand’s seasonal campaigns helped to pectively. Belloli joins after more than
push percentage growth in women’s nine years at Farfetch, where he most
bags a
ready-to-wear sales into the mid-teens. recently served as chief commercial
The FTSE 100 retailer said its near and sustainability officer. Sonder was
and medium-term targets remained general merchandising director at
strong
unchanged and that it was focused on Saint Laurent for nearly five years.
reaching high-single-digit revenue Piral Dadhania, an analyst at Royal
growth. It also expected a boost from Bank of Canada, said: “Financial tar-
recovery
favourable exchange rates of about gets are in line with our expectations
£160 million on revenue and about and we have more belief in its £4 billion
£70 million on adjusted operating profit revenue target, with less confidence in
this year. Shares in Burberry closed up earnings before interest and tax mar-
74p, or 3.3 per cent, at £23.17. gins significantly above 20 per cent.”
6 Richemont, the owner of Cartier and
T
Jonathan Akeroyd, chief executive, he handbags
said: “Overall, we are pleased with our Chloé, missed market forecasts in its and accessories
performance, as double-digit revenue last quarter as Covid-19 disruptions in produced by
growth outside mainland China offset China hit sales there. The Swiss luxury Aspinal of London
the impact of Covid-related disruption conglomerate, which sells jewellery, proved a hit over
there. Europe, in particular, continued watches and leather goods, said total the all-important Christmas
to perform well, driven by strong trad- sales were up by 5 per cent to £5.4 billion trading period (Isabella Fish
ing over the festive period.” Akeroyd, in the three months to December 31.
Business
ASPINAL OF LONDON
Currys hots up
with air fryers
on shopping lists
Isabella Fish £100 million and £125 million, “assum-
ing no further unexpected macro
A change in shopping habits as people deterioration”. It expects capital ex-
react to the sharply rising cost of living penditure of about £120 million.
has driven an “improved” performance Alex Baldock, 52, the chief executive,
in Britain for Currys, offsetting weaker said: “We’ve delivered a strong peak
sales in its business in the Nordic performance in the UK and Ireland,
countries and prompting the electricals growing profits again through resilient
retailer to retain its annual profit
guidance yesterday.
Revenue in its UK and Ireland
business in the ten weeks to January 7
dropped by 5 per cent year-on-year, but
profits were stronger than expected,
reflecting gross margin increases and
500%
Year-on-year rise in air fryer sales
Currys
continued cost savings.
That was welcomed by investors, sales, increasing gross margins (not
who have seen Currys’ share price fall least through record services adoption)
by nearly 40 per cent over the past year. and strong cost discipline. Our trans-
Yesterday the stock rose by 11.3 per cent, formation is visibly succeeding.
or 6¾p, to 66¾p. “Internationally, it remains tough
The change in trading trends from and we continue to face intense, but
pandemic-driven lockdowns was clear. temporary, market pressures. We’ve
Although consumer electronics and reduced stock levels and stepped up
computing revenues were weaker, cus- measures to increase margins and
tomers were buying microwave ovens, reduce costs.”
tumble dryers and mobile phones, with Zoe Mills, an analyst at GlobalData,
in-store sales outperforming online. said the British electricals market was
Air fryer sales increased by 500 per cent “forecast to decline further in 2023”.
as people looked to save money during She said Currys “must focus on its USP
the cost of living crisis. Currys also — its stores — given the predominantly
reported a record adoption of credit online threat that it faces from the likes
offers, up 4.3 percentage points, with of Amazon, AO and Very” and “should
1.9 million active credit customers. emphasise its own-brand ranges in
However, there was a 7 per cent categories such as small kitchen appli-
decline in revenues in its international ances to remain competitive on price.
business and below-forecast profits “Additionally, it must utilise in-store
writes). The luxury British portfolio is evenly split said Aspinal’s post-Covid amid a Nordics “market-driven sales staff to entice consumers to trade up
brand, whose leather goods betwen its men’s and strategy was “to focus on slowdown” and continued pressure on where possible, highlighting credit op-
are popular with the Queen women’s collections, has our roots as an online gross margins. International sales tions as a tool to do this.”
and the Princess of Wales, shown a strong recovery business supported by only declined in all categories, except small Julie Palmer, a partner at Begbies
reported a 15 per cent rise in since the pandemic. the most prestigious and appliances. Traynor, the corporate restructuring
sales in December, boosted This month it filed its select retail partners and The group now known as Currys was firm, said the update was a “reminder
via both online and in-store accounts for the year to our unique flagship created through the £3.7 billion merger that people are looking to preserve
channels. March 22, 2022, with stores”. of Dixons Retail and Carphone Ware- household budgets while improving
Online sales for December sales for the 12 months Burton, who founded the house in 2014. It has about 830 shops in their home in different ways, whether
increased by 15 per cent on up 29 per cent to luxury goods business in eight countries and 35,000 employees. in the short term, by taking up credit
last year, while store sales £29.8 million and 2001, added: “I’m The retailer has forecast full-year from the company, or repairing prod-
grew by 40 per cent. In its underlying profits more extremely pleased this adjusted pre-tax profits of between ucts to squeeze more life out of them”.
two main London stores, than doubling to strategy is proving
Aspinal’s Regent Street outlet £4.1 million. successful and I’m
recorded a 30 per cent uplift The brand closed proud to see our retail
in sales, with a 90 per cent
rise at the Royal Exchange
ten stores during the
pandemic as part of
stores’ phenomenal
performance over
Netflix’s blue-sky thinking
branch. Sales from the a company voluntary Christmas. Brand growth
Chinese market were down
by 5 per cent.
arrangement.
Iain Burton, 70, the
is the focus for 2023, with
international markets a
with $385,000 air steward
Aspinal, whose product company’s chairman, particular focal point.”
Helen Cahill to inspect the cabin, galley and cockpit
of the aircraft and to conduct briefings
For at least one job in America’s of the required safety and emergency
Business
Business
ROD EDWARDS/ALAMY
Business Markets
Emma Powell Tempus news in brief
Buy, sell or hold: today’s best share tips
Bankers’ bonuses blow
The European boss of JP Morgan
F
ashion tastes might flip £5 billion in revenue. But the goal is a compensation isn’t going to be
quickly, but the fortunes 300% EMEIA Group lofty one — analysts forecast there.” He admitted that last year
of Burberry have not. The 45% Burberry to exceed £3 billion for the “wasn’t great” for the bank and
collapse in Chinese sales 250 Q4 59% first time this year. that its investment banking
caused by the pandemic and 10% How does Akeroyd hope to reach division had been “anaemic”.
Source: Refinitiv
a style drift away from the fashion 200 37% that goal? By bringing the focus of
house’s British roots have hamstrung -4% the brand back to more recognisably Topps boss survives
earnings growth. But there is reason 150 Q1 -16% British designs. He has replaced
47%
for investors to be hopeful. 1% Riccardo Tisci, the creative chief, The chairman of Topps Tiles has
A 1 per cent rise in underlying 100 with Daniel Lee, the British designer. survived a bid by an activist
-3%
sales during the final 13 weeks of last 11% Within that, the aim is to lift sales of investor to remove him as a
year was weaker than analysts had 50 Q2 more profitable handbags, belts and director. MS Galleon had
25%
expected, a narrow miss caused by a 11% scarves to more than half of sales requisitioned a vote at the annual
23 per cent fall in sales within 0 -1% and to boost the operating margin to meeting to remove Darren
mainland China. Before the Q3 -7% 20 per cent this year and even higher Shapland as non-executive
pandemic, China accounted for -50 19% over the next five years. chairman after he refused to buy
2021 2022 2023 1%
about 40 per cent of sales; that has Overseas buyers have been less more tiles from Cersanit, the
shrunk to roughly 25 per cent. The keen to flock to London stores than investor’s company. The resolution
lifting of Covid restrictions has but investors are still reticent about those in Paris or Milan, a was rejected after shareholders
spurred early signs of improved ADVICE Buy placing a higher valuation to the consequence of the scrapping of the were told that bulk-buying
shopper visits to stores on the WHY The reopening of China FTSE 100 group’s turnaround VAT export scheme, which exempted Cersanit’s tiles would affect
mainland, as well as in Hong Kong prospects. A forward price-earnings foreign visitors from paying tax on product quality. Shares in Topps
and Macau. could spur a recovery in sales ratio of 18 is still below the shares’ purchases, reckons Julie Brown, the Tiles rose 1¼p, 2.5 per cent, to 49p.
The return of Chinese travel — and the shares long-term average and the brand’s outgoing finance chief. They want to
outside Asia would be another easy valuation also trails the earnings buy the brands local to the country BHP beats forecasts
fillip to sales over the next financial multiples attached to luxury rivals they visit, she says, so doing away
year. Before the pandemic, roughly improved, down 1 per cent in such as LVMH, the home of Dior with the tax relief has diminished the BHP Group last night posted
half of purchases by Chinese Burberry’s third quarter against a and Louis Vuitton, and Prada, the “home advantage” of its UK stores. higher quarterly iron ore
customers were made while they 4 per cent contraction during the Italian fashion house. The surge in infections that has shipments that beat expectations
travelled overseas. More visits to first quarter. Sales in the Europe, There are a few good reasons for accompanied the reopening of the and said China was set to be a
stores in Macau and Hong Kong Middle East and Africa regions were the British group’s discount. Burberry Chinese economy represents the stabilising force for commodities
have not yet extended to Europe or also ahead by almost a fifth on the is without the premium status of biggest threat to a recovery in sales. demand this year. The world’s
the Americas. Only 2 per cent of same time in 2021. titans such as LVMH, Prada and The lunar new year is also ten days largest listed miner said iron ore
sales to Chinese customers were The shares have gained almost Hermès. Sales at LVMH have grown earlier than last year, which means production from Western
made while they were outside the 40 per cent since Jonathan Akeroyd, at a compound annual rate of 5 per some sales might have been pulled Australia was 74.3 million tonnes
country. chief executive, took over from cent over the past five years. For forward. But at the present price, the for the three months to the end
Sales in the Americas have Marco Gobbetti in April last year, Burberry? They are flat over the odds look weighted in its favour. of December, up 1 per cent a year
earlier. The London-listed miner
reaffirmed its 2023 forecast for
vistry costs. Forward sales for the registered providers aren’t immune being that planning permission can iron ore output from the region at
standalone Vistry part of that from the economic pressures facing progress without tying up so much between 278-290 million tonnes.
Dividend yield Full-year profit segment ended last year about a ordinary buyers. Private rental capital. There is the chance that a
8.4 per cent growth 21% quarter higher in value. But that developers, which account for 15 per net cash balance of £155 million Britishvolt site in play
wasn’t quite enough to offset the cent of Vistry’s sales, have been could rise further over the next 12
V
istry is about to face the first decline in demand in the private seeking more favourable terms to months as expansion plans retrench. Tata Motors, the Jaguar Land
real test of whether the housing market, which meant overall compensate for higher funding costs The question is whether demand Rover owner, is said to be among
resilience long vaunted by the forward sales edged down slightly. and the broader slide in house prices. from owner-occupiers slides so far companies that have expressed
housebuilder will transpire. The If you include the Countryside Analysts at Peel Hunt cut their that partnerships can’t make up the an interest in buying Britishvolt’s
message is that a greater exposure business — an all-partnership pre-tax profit forecasts for this year slack. But the latter is a helpful Northumberland factory site
towards social and private rental operation, acquired in November — and next by 16 per cent and 14 per differentiator from the sector. after the battery group collapsed,
housing through its partnership houses built on mixed-tenure sites cent, respectively, to £475 million and according to the Financial Times.
division insulates the group against accounted for almost 80 per cent of £540 million, still ahead of the The electric car battery start-up
the worst of the downturn in forward sales at the end of last year. £418 million of last year. ADVICE Hold went into administration on
demand from owner-occupiers. A target to pre-sell at least 50 per Vistry has slowed the pace of WHY Partnerships might Tuesday after a fundraising effort
True, the partnership part of the cent of homes on each partnership buying land, but it has not come out was blocked by its creditors. Its
business has suffered less in the wake site is on track, but those inherited of the market altogether. Instead, it is help to mitigate some of the largest asset is a site in Blyth,
of the mini-budget chaos and the from Countryside are further behind. seeking to secure new plots on a pain of a housing downturn which was to house a £3.8 billion
sharp rise in mortgage borrowing Housing associations and other “buy now, pay later” basis, the idea battery “gigafactory” to support
Britain’s electric car industry.
PRICES
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Jun 23
Sep 23
Tokyo Brent Physical 83.52 -0.71 LIFFE
London Dec 23 BFOE(Mar) 85.05 -0.94
Nikkei 225 26791.12 (+652.44) Mar 24
FTSE 100 7830.70 (-20.33) BFOE(Apr) 85.38 -0.84
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Hong Kong FTSE 250 19890.90 (-57.14)
Jun 23 96.700 96.725 96.650 96.705 201664 574511 WTI(Apr) 80.03 +0.35
Hang Seng 21678.00 (+100.36) FTSE 350 4325.47 (-11.40) Sep 23 96.690 96.720 96.635 96.690 171278 490008 Mar 2027-2026 May 1858-1823
FTSE Eurotop 100 3567.43 (+6.74) May 1986-1985 Jul 1839-1839
Dec 23 96.810 96.850 96.760 96.825 167921 454875 Jul 1961-1955 Sep 1828-1821
Amsterdam Products ($/MT)
FTSE All-Shares 4283.23 (-11.30) Mar 24 97.000 97.055 96.950 97.025 131384 367307 Sep 1936-1934
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Jun 23 Spot CIF NW Europe (prompt delivery) Mar 1868-1866 Volume: 78959
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Sep 23
AO 7609.50 (+11.90) Bargains n/a Dec 23 Premium Unld 880.00 882.00 +22.00 RobustaCoffee
US$ 1.2336 (+0.0054) FTSE100 Mar 23 7828.0 7853.0 7785.0 7812.0 85623 623026 Gasoil EEC 939.50 940.50 +26.25
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the times | Thursday January 19 2023 43
Markets Business
TEAM17
T
I Fluid Systems has a bit of a
habit of delivering bad news MANUFACTURING
to investors. Nothing
changed yesterday, when the
engineer served up yet
another disappointing update that
Shipyard jobs boost in Belfast
caused its shares to fall to their lowest
H
level in more than three months. arland & emerged that large
Its update illustrated just how Wolff has parts of the work for
vulnerable it is to volatile market confirmed three FSS — or fleet
conditions in China, with the that 900 of solid support —
company revealing an unexpected the 1,200 jobs to be vessels would go to
negative impact on sales in the created from a new Navantia, the Spanish
country in the final quarter because £1.6 billion military state-owned
of Covid policy changes that forced shipbuilding contract shipbuilder that is
production shutdowns. will be at its historic Harland & Wolff ’s
Analysts at Jefferies reckon the Belfast yard (Robert joint venture partner.
disruption in China accounted for Lea writes). Most Three weeks ago,
about €45 million of lost sales in the of the rest are likely Harland & Wolff’s on the last trading day
three-month period. On that basis, to be at Appledore in cranes are known as of the year, Harland &
the company is forecasting earnings north Devon, the Samson and Goliath Wolff put out a profit
shipyard it rescued warning, saying it
platforms. It meant Worms, which has sold from closure by Defence awarded a would miss its 2022
New games that earnings for the 12 more than 75 million Wall Street report Babcock. contract to the estimates by a mile.
take Team17 months to the end of
December would be
copies.
Bestwick, 52, said: A slowdown in consumer spending
The government
announced in
company formerly
known as InfraStrata
Its shares plunged to
15p after that warning.
to next level “significantly ahead of
market expectations”.
“There will always be
more work to do as a
activity and news that Microsoft is
joining the round of heavy
November that naval
shipbuilding would
to assemble three new
vessels to serve the
They rallied strongly
yesterday, rising by
The City had growth business, but technology sector job cuts weighed return to Harland & Royal Navy’s aircraft 4¼p, or nearly a third,
T
he video games forecast pre-tax profits last year’s performance on sentiment, with the Dow Jones Wolff for the first carriers and wider to 20¾p, valuing the
publisher best to rise to £38.7 million is a testament to the industrial average falling 613.89 time in two decades. fleet. It sparked some company at about
known for on revenues of nearly significant investment points, 1.8 per cent, to 33,296.96. The Ministry of controversy after it £38 million.
Worms and £131 million. However, that has been made
Overcooked has said the update prompted over the last two years
that the release of new analysts to increase in people, diversifying before interest and tax of about cent, to £19.19. British American settled at their highest level in more
games will push its their predcitions, with portfolios and €180 million, below consensus Tobacco slid 59½p, or 1.9 per cent, to than four months after rising 38p, or
profits and revenues Shore Capital raising successful M&A, all of estimates of between €195 million and £30.70½; Reckitt Benckiser lost 148p, 7.7 per cent, to 530p after it said it had
above City forecasts its revenue estimates which put the group in €200 million. or 2.5 per cent, to £58.34; and GSK enjoyed “significant revenue growth”
(Jessica Newman from £126 million to a very robust position As Jefferies put it bluntly: dipped 27¾p, or 1.9 per cent, to £14.10. last year, putting the television and
writes). £137 million. for the future.” “Unfortunately, there is not a lot to Miners provided the biggest leg-up sound systems supplier on track to
Team17 Group said Team17 was founded Shares in Team17 like in this update and we believe the as metal prices responded to stronger “comfortably” beat profit
trading had been in Wakefield, West rose sharply after they share price reaction will be harsh.” demand from China. Glencore gained expectations. Investors were less keen
strong in the second Yorkshire, in 1990 by were listed at 165p in They were not wrong as TI Fluid 23¾p, or 4.3 per cent, to 576½p a on Omega Diagnostics after the
half of the year, with Debbie Bestwick, its 2018, peaking at 890p Systems finished the session 18¾p, or share; Antofagasta, which said it had company flagged that it would not be
the release of several chief executive, with during the lockdowns. 13.9 per cent, lower at 116¾p. achieved annual copper production in able to fulfil present and forecast
first and third-party five colleagues. Five They closed last night In the wider market, investors’ line with revised forecasts, added 58p, orders before the year’s end because
games and the launch years later the up 35p, or 8.5 per cent, initial optimism about the small dip in or 3.3 per cent, to £17.99½; and Anglo of “insufficient manufacturing
of older titles on new company released at 447½p. inflation last month was overtaken by American ticked higher by 83½p, or capacity”. The shares fell just over ½p,
fears that the Bank of England may 2.3 per cent, to £36.72½. or 13.7 per cent, to 3¼p.
The day’s biggest movers not reduce the pace of interest rate
rises, as they had hoped. The
Ocado and Experian recovered
some ground after Tuesday’s poor
Elsewhere, H&T Group fell 24p, or
4.9 per cent, to 469p after it said that
Company Change FTSE 100 fell 20.33 points, or 0.3 per updates, with Ocado closing up 28¾p, Peter McNamara would step down as
Harland & Wolff Multibillion-pound shipbuilding contract finalised 27.3% cent, to 7,830.70. The more UK- or 3.9 per cent, at 761¾p and Experian chairman of the pawnbroker after 14
Currys Maintains profit guidance 11.3% focused FTSE 250 edged lower 57.14 rising 88p, or 3 per cent, to £30.49. years in the role. It was an even worse
Team17 Annual earnings to beat City expectations 8.5% points, or 0.3 per cent, to 19,890.90. Topping the mid-cap index was session for IOG after the North Sea
Midwich Group Upbeat profit outlook 7.7% A strong pound weighed on the Currys, jumping 6¾p, or 11.3 per cent, oil and gas company said the gas flow
Glencore Higher commodities prices 4.3% prospects of the FTSE 100, whose to 66¾p, after the electronics retailer rate achieved at a well on the
Reckitt Benckiser Pound rally hurts dollar-earners -2.5%
Diageo Hurt by stronger pound -2.6%
internationally focused constituents maintained its profit forecasts in a Southwark field was lower than
H&T Chairman to step down -4.9% make most of their money overseas. positive update for the peak trading expected. It caused the value of its
TI Fluid Systems China volatility affects quarterly sales -13.9% These included Coca-Cola HBC, the Christmas period. shares to more than halve, falling 9p,
IOG Disappointing well update -54.6% bottler, which fell by 44½p, or 2.3 per On Aim, Midwich Group shares or 54 per cent, to 7¾p.
LIFFE Wheat (close £/t) Because of a technical issue, the gold fix Halifax Mortgage Rate 5.74 Denmark 6.8918-6.8923 Australia $ 1.768 +0.01
prices are from Tuesday. Euro 0.9264-0.9264 Canada $ 1.661 +0.02
Jan 227.05 Mar 230.00 May 230.50 Treasury Bills (Dis) Buy: 1 mth 3.6613; 3 mth 4.0018. Sell: 1 mth 4.4077; 3 mth 3.660 Hong Kong 7.8213-7.8228 Denmark Kr 8.511 +0.05
Jul unq Nov 224.00 Volume: 840 Bullion: Open $1909.05
Japan 128.79-128.79 Euro ¤ 1.144 +0.01
Close $1903.15-1903.37 High $1925.46 Malaysia 4.3250-4.3280 Hong Kong $ 9.692 +0.09
London Metal Exchange 1 mth 2 mth 3 mth 6 mth 12 mth
Low $1896.56 Norway 9.9173-9.9227 Hungary 449.821 -1.84
(Official) AM $1904.95 PM $1913.80 Interbank Rates 3.6794 0.0000 4.0228 4.4302 0.0000 Singapore 1.3202-1.3203 Indonesia 18696.482 +74.73
Krugerrand $1820.00-2918.00 (£1474.58- Sweden 10.336-10.339 Israel Shk 4.184
Cash 3mth Dec 22 Eurodollar Deps 4.48-4.73 4.56-4.81 4.63-4.88 4.92-5.17 5.26-5.51 Switzerland 0.9162-0.9163
2364.19) Japan Yen 159.101 +1.73
Copper Gde A ($/tonne)
9435.0-9436.0 9425.0-9430.0 9300.0-9310.0
Platinum $1092.00 (£884.75)
Silver $23.47 (£19.02)
Sterling spot and forward rates Other Sterling New Zealand $
Norway Kr
1.915
12.197
+0.01
+0.09
Palladium $1721.11 (£1394.46) Poland 5.385 +0.05
Mkt Rates for Range Close 1 month 3 month Argentina peso 225.55-225.59
Lead ($/tonne) Russia 85.381 +0.68
Australia dollar 1.7723-1.7725
2217.0-2218.0 2208.0-2209.0 2223.0-2228.0 European money Copenhagen 8.4487-8.5163 8.5060-8.5072 145ds 405ds Bahrain dinar 0.4618-0.4687
S Africa Rd
Sweden Kr
21.018
12.707
+0.02
-0.06
Zinc Spec Hi Gde ($/tonne)
3413.0-3415.0 3395.0-3397.0 3152.0-3157.0
deposits % Euro
Montreal
1.1448-1.1360
1.6415-1.6630
1.1434-1.1434
1.6626-1.6628
13pr
4pr
35pr
17pr
Brazil real
Euro
6.3611-6.3648
1.1433-1.1435
Switzerland Fr
Turkey Lira
1.131
23.288 +0.21
Hong Kong dollar 9.6514-9.6536
Currency New York 1.2255-1.2432 1.2342-1.2343 9pr 23pr USA $ 1.239 +0.01
Alum Hi Gde ($/tonne) India rupee 100.53-100.53
1mth 3mth 6mth 12mth Rates supplied by Morningstar
2635.0-2636.0 2660.0-2662.0 2780.0-2785.0 Oslo 12.065-12.245 12.241-12.244 92ds 271ds Indonesia rupiah 18636-18693
Dollar Kuwait dinar KD 0.3758-0.3781
Nickel ($/tonne) 0.13 0.20 0.29 0.55 Stockholm 12.695-12.807 12.757-12.760 244ds 635ds Malaysia ringgit 5.3437-5.3474
27500.0-27510.0 27750.0-27800.0 29325.0-29375.0 Sterling Tokyo 157.50-161.49 158.95-158.96 56ds 166ds New Zealand dollar 1.9159-1.9163 Data as shown is
3.68 4.02 4.43 0.81 Singapore dollar 1.6294-1.6297 for information
Tin ($/tonne) 15mth
Zurich 1.1265-1.1352 1.1308-1.1309 31ds 89ds
Euro S Africa rand 21.106-21.117 purposes only. No offer is made by
28600.0-28650.0 28600.0-28625.0 27860.0-27910.0 0.10 0.15 0.20 0.50 Premium = pr Discount = ds U A E dirham 4.5409-4.5434 Morningstar or this publication
the times | Thursday January 19 2023 45
Business
The Times unit trust information service
Yld Yld Yld Yld Yld Yld
Sell Buy +/- % Sell Buy +/- % Sell Buy +/- % Sell Buy +/- % Sell Buy +/- % Sell Buy +/- %
ALLIANZ GLOBAL INVESTORS Special Sits ‡@ 4618.00 … -4.00 1.26 Enhanced Natural Resources A Acc ‡@134.24 … -1.25 … UK Higher Inc A Acc ‡@ 1132.00 … +7.00 … MORGAN STANLEY INVESTMENT MGMT LTD SVS BROWN SHIPLEY FUNDS
Inv Serv: 020 7065 1400 Helpline: 0800 317 573 Wealthbuilder 69.75 72.18 +0.53 0.44 Global Bond A Acc ‡@ 139.30 … +4.03 0.82 UK Higher Inc A Inc ‡ 531.30 … +2.00 … Enquires: 0800 0961 962 Enquiries:0141 222 1151
Gilt Yield A ‡@ 206.01 … +0.27 … Global Bond A Inc ‡@ 109.33 … +3.00 0.82 UK Sm Cos A Acc ‡@ 563.30 … +7.00 0.34 The Morgan Stanley Funds (UK) Balanced A Acc ‡@ 134.16 … -0.19 0.97
Strategic Bond Fund ‡@ 157.34 … +0.13 2.68 Global Bond I Gross Inc ‡@1167.00 … +29.78 1.25 UK Str Eq Inc A Acc ‡@ 197.90 … +3.50 … Class A Shares Balanced A Inc ‡@ 119.88 … -0.17 0.97
UK Corp Bond C ‡@ 104.79 … -0.78 … HALIFAX INVESTMENT FUND MGRS LTD Global Dynamic A Acc ‡@ 193.61 … +1.95 0.47 UK Str Eq Inc A Inc ‡@ 100.50 … +1.77 … Equity Cautious A Acc ‡@ 111.85 … +0.03 1.44
UK Eqty C ‡@ 6317.26 … -14.91 3.28 01296 386 386 Global Energy A Acc ‡@ 170.97 … -1.14 … US A Acc ‡@ 1036.00 … +25.00 … Dev Opp Fund F Acc ‡@ 812.63 … -7.04 … Cautious A Inc ‡@ 96.92 … +0.03 1.45
UK Eqty Inc A ‡@ 339.53 … -0.87 4.59 Authorised Inv Funds Global Equity A Acc ‡@ 234.28 … -1.76 0.43 US Sm Cos A Acc ‡@ 976.20 … +14.00 … Dev Opp Fund I Acc ‡@ 808.62 … -7.00 … Dynamic A Acc ‡@ 328.10 … -1.03 …
UK Gwth A ‡@ 8362.91 … -10.21 2.31 Share Class `C Global Franchise A Acc ‡@308.96 … -2.18 … Glob Bal Inc F F Acc ‡@ 945.41 … +1.51 5.57 Dynamic A Inc ‡@ 296.38 … -0.93 …
UK Index A Inc ‡@ 1423.81 … -5.83 3.01 Global Free Enterprise A Acc ‡@1197.56 … -6.48 … Glob Bal Inc F F Inc ‡@ 874.08 … +1.40 5.77 Growth A Acc ‡@ 337.26 … -0.88 0.69
Corporate Bond ‡@ 32.92 … +0.22 3.09
UK Mid Cap A ‡@ 4654.61 … -11.35 0.07 Global Gold A Acc ‡@ 202.03 … -5.03 0.50 Glob Bal Inc F I Acc ‡@ 944.21 … +1.51 5.59 Income A Acc ‡@ 246.70 … -0.17 1.41
Ethical ‡@ 109.50 … -0.90 0.01
Global Special Situations A Acc ‡@326.05 … -2.59 … Glob Bal Inc F I Inc ‡@ 872.77 … +1.39 5.80 Sterling Bond Acc ‡@ 242.37 … -0.28 …
European ‡@ 111.10 … +0.10 1.90
Global Special Situations A Inc ‡@252.20 … -2.01 … JUPITER UT MGRS LTD Glob Bal Sust F F Acc ‡@ 952.02 … -0.31 1.24 Sterling Bond Inc ‡@ 97.00 … -0.11 …
Far Eastern ‡ 117.50 … -0.80 1.80
Fund of Inv Tst ‡@ 136.20 … -0.50 0.43 Managed Growth A Acc ‡@302.69 … -0.13 … 020 7581 3020 Glob Bal Sust F F Inc ‡@ 936.19 … -0.29 1.25
ARTEMIS FUND MGRS LTD Glob Bal Sust F I Acc ‡@ 950.80 … -0.30 1.17
Intl Gwth ‡ 122.70 … -0.80 1.14 Monthly High Income A Acc ‡@243.45 … +0.43 3.54 Absolute Return ‡@ 32.76 … +0.08 0.11 THREADNEEDLE INVESTMENTS
0800 092 2051 Glob Bal Sust F I Inc ‡@ 936.05 … -0.30 1.18
Japanese ‡ 68.24 … +0.43 1.40 Monthly High Income A Inc ‡@63.17 … +0.01 5.01 Distribution and Growth ‡@97.72 … -0.17 2.10 Client Serv: 0800 0683000
Authorised Inv Funds Glob Br Eq Inc Fund F Inc ‡@1295.29 … -7.19 4.26
North Amer ‡ 142.70 … -1.70 0.29 Multi-Asset Protector A Acc ‡@167.56 … +0.11 … Emg Euro Opps ‡@ 145.34 … -31.23 … Intermediary Serv: 0800 0684000
Capital R Acc ‡@ 2234.97 … +5.33 3.01 Smaller Cos ‡@ 109.30 … -1.30 1.15 Glob Br Eq Inc Fund I Acc ‡@1791.03 … -9.94 4.22
Strategic Bond A Acc ‡@ 244.54 … +0.19 1.96 Euro Special Sits ‡@ 452.02 … +0.45 … Institutional Shares (Class 2) (500000 GBP)
Euro Opps R Acc ‡@ 91.26 … -0.48 1.29 Special Sits ‡@ 49.61 … -0.14 1.50 Glob Br Eq Inc Fund I Inc ‡@1386.61 … -7.70 4.34
Strategic Bond A Inc ‡@ 119.47 … +0.09 3.32 European ‡@ 2893.27 … +8.23 … Threadneedle UK Eq Opps Ins Inc ‡@125.97 … -0.01 1.57
Euro Opps R Inc ‡@ 85.36 … -0.46 1.30 UK Equity Inc ‡@ 92.86 … +0.25 4.05 Glob Br Fund I Acc (PH) ‡@13442.76 … -80.46 …
Target Return A Acc ‡@ 102.03 … +0.44 0.82 Financial Opps ‡@ 721.19 … -5.44 0.20
European Growth R Acc ‡@395.87 … +0.47 2.05 UK FTSE 100 IT ‡@ 71.59 … +0.21 2.71 Glob Br Fund I Acc (PH) ‡@1549.97 … +3.84 1.05
Target Return A Inc ‡@ 87.63 … +0.01 0.87 Income Trust ‡@ 517.92 … -1.59 4.15
Global Energy R Acc ‡@ 44.46 … … 1.13 UK FTSE All-S IT ‡@ 80.78 … +0.14 2.57 Glob Br Fund I Inc (PH) ‡@3680.09 … -22.03 0.96 Retail Shares (Class 1)
UK Alpha A Acc ‡@ 2662.72 … -4.45 2.11 Merlin Bal (Acc) ‡@ 234.26 … +0.89 2.11
Global Growth R Acc ‡@ 342.73 … -2.75 … UK Growth ‡@ 84.21 … +0.29 3.23 Glob Br Fund I Inc (PH) ‡@1479.36 … +3.70 1.05
Merlin Gwth (Acc) ‡ 542.31 … -1.41 … Threadneedle HY Bd Rtl Inc ‡@36.71 … +0.08 4.22
Global Income R Acc ‡@ 160.42 … -0.32 4.17 UK Blue Chip A Acc ‡@ 770.11 … +3.15 … Glob Ins Fund F Acc ‡@ 502.23 … +9.08 …
Merlin Inc (Acc) ‡@ 344.99 … -0.78 2.64 Threadneedle Mthly Etr Inc Rtl Inc ‡@80.09 … +0.12 3.40
Global Income R Inc ‡@ 102.09 … -0.21 4.32 UK Smaller Companies A Acc ‡@4790.98 … -30.77 … Glob Ins Fund F Inc ‡@ 502.23 … +9.08 …
Merlin Wwide (Inc) ‡ 381.98 … -1.12 … Threadneedle SterlingCorpBd Ins Inc ‡@54.47 … +0.37 2.36
Global Select R Acc ‡@ 152.89 … -1.37 … UK Smaller Companies A Inc ‡@4297.22 … -27.59 … Glob Ins Fund I Acc ‡@ 500.08 … +9.03 …
HSBC GLOBAL ASSET MGMT (UK) LTD UK Growth ‡@ 254.88 … +0.34 0.70 Threadneedle SterlingCorpBd Rtl Inc ‡@54.38 … +0.37 2.00
High Income R Inc ‡@ 63.86 … +0.15 6.02 UK Special Situations A Acc ‡@1364.47 … -6.23 1.74 Glob Ins Fund I Inc ‡@ 500.08 … +9.04 …
Enq: 0845 745 6123 Dlg: 0845 745 6126 Mon-Fri 8-6 UK Special Sits (Inc) ‡@ 211.45 … -0.75 2.05 Threadneedle Stg Bd Ret Inc ‡@45.86 … +0.44 1.37
Income R Acc ‡@ 520.14 … +0.91 3.98 UK Special Situations A Inc ‡@489.12 … -2.23 1.78 Glob Sust Fund F Acc (PH) ‡@1145.37 … +4.28 1.00
HSBC Index Tracker Investment Funds (OEIC) Glob Sust Fund F Inc ‡@ 1227.63 … -5.36 0.92 Threadneedle Strat Bd Ret ‡@41.62 … +0.14 3.23
Income R Inc ‡@ 228.03 … +0.40 4.11
Glob Sust Fund I Acc ‡@ 1245.15 … -5.44 0.72 Threadneedle UK Eq Inc Rtl Inc ‡@97.96 … -0.30 3.60
Monthly Dist R Inc ‡@ 66.00 … +0.03 4.97 Amer Ind Acc ‡@ 899.74 … -3.67 1.04
Glob Sust Fund I Acc (PH) ‡@1144.57 … +4.27 0.79 Threadneedle UK Growth & Inc Rtl Inc ‡@92.82 … -0.13 2.71
Strategic Assets R Acc ‡ 89.72 … -0.21 … Amer Ind Inc ‡@ 727.57 … -2.90 1.04
Glob Sustain Fund F Acc ‡@1251.59 … -5.46 0.91 Threadneedle UK Insti Rtl ‡@184.71 … +1.07 1.84
Strategic Bond R M Acc ‡@97.37 … +0.46 3.00 Euro Ind Acc ‡@ 1193.25 … -4.89 2.34
LEGAL & GENERAL (UT MGRS) LTD Stg Corp Bond F F Acc ‡@ 120.92 … +0.86 3.16 Threadneedle UK Mthly Inc Rtl Inc ‡@69.84 … -0.11 4.10
Strategic Bond R M Inc ‡@ 51.10 … +0.25 3.06 Euro Ind Inc ‡@ 762.38 … -3.13 2.42
Enquiries: 0870 050 0955 Dealing: 0870 050 0956 Stg Corp Bond F F Inc ‡@ 95.76 … +0.69 3.21 Threadneedle UK Rtl Inc ‡@136.21 … -0.18 1.50
Strategic Bond R Q Acc ‡@ 97.19 … +0.46 3.31 FTSE 100 Ind Acc ‡@ 282.55 … -0.88 3.17
For ISIS Asset Mgmt see F&C Fd Mgmt Ltd (OEICS) Stg Corp Bond F I Acc ‡@2572.07 … +18.46 3.45 Threadneedle UK Smaller Coms Rtl Inc ‡@352.80 … +1.86 …
Strategic Bond R Q Inc ‡@ 51.20 … +0.24 3.37 FTSE 100 Ind Inc ‡@ 128.38 … -0.39 3.24 Equity Acc @ 2616.00 2639.00 -8.00 2.12
UK Growth R Acc ‡@ 715.31 … -0.42 1.21 FTSE 250 Ind Acc ‡@ 298.74 … +1.68 2.33 Equity Dist @ 893.80 902.00 -2.70 2.15 Stg Corp Bond F I Inc ‡@1342.43 … +9.64 3.53
JANUS HENDERSON INVESTORS
UK Smaller Cos R Acc ‡@1937.29 … -4.24 0.87 FTSE 250 Ind Inc ‡@ 184.23 … +1.04 2.32 Euro Ind Acc ‡@ 527.10 … +0.20 0.02 Sust Fixed Inc Opps F F Acc ‡@930.58 … +2.00 2.22 For Resolution see Ignis
UK Special Sits R Acc ‡@ 704.18 … -1.15 1.09 FTSE All-S Acc ‡@ 720.53 … -1.24 3.20 Investors Serv: 0800 832 832 Dlng: 0845 946 4646 Euro Ind Inc ‡@ 345.30 … +0.10 0.02 Sust Fixed Inc Opps F F Inc ‡@892.79 … +1.92 2.25 TU FUND MANAGERS LIMITED
FTSE All-S Inc ‡@ 364.27 … -0.63 3.28 Fixed Int Acc ‡@ 132.60 … +1.00 0.96 Sust Fixed Inc Opps F I Acc ‡@926.67 … +1.99 2.01
All Stks Credit A Inc ‡@ 115.70 … +0.70 1.79 British 925.50 925.50 +0.80 …
Jap Ind Acc ‡@ 139.64 … -0.10 1.98 Fixed Int Dist ‡@ 62.28 … +0.46 0.97 Sust Fixed Inc Opps F I Inc ‡@892.66 … +1.92 2.04
Asian Div Inc U Trst Inc ‡@83.29 … -0.41 5.83 European 210.70 219.40 +1.00 …
Jap Ind Inc ‡@ 108.83 … -0.08 2.31 Glob Gwth Acc @ 243.90 243.90 -1.30 1.15 US Adv F F Acc ‡@ 1361.20 … +25.50 …
AXA FRAMLINGTON UNIT MGMT LTD Pac Ind Acc ‡@ 517.40 … -4.48 2.64 Cautious Man Fd A Acc ‡@288.60 … +0.10 2.91 US Adv F F Acc (PH) ‡@ 769.75 … +21.07 …
Glob Health Acc ‡@ 110.60 … -0.90 0.66
Dling: 0845 602 1952 Priv Clients: 0845 777 5511 Pac Ind Inc ‡@ 325.62 … -2.82 2.71 Cautious Man Fd A Inc ‡@143.20 … … 2.96 Glob Tech Acc ‡@ 81.28 … -0.41 … US Adv F I Acc ‡@ 1448.61 … +27.13 … * Yield expressed as CAR (Compound Annual Return);
China Opp Fund A Acc ‡@1334.00 … -14.00 0.25 Gwth Tst Acc @ 106.00 106.50 -1.00 … US Adv F I Acc (PH) ‡@ 806.68 … +22.08 … † Ex dividend; ‡Middle price; . . . No significant data. #
Equity Inc ‡@ 572.40 … -2.70 4.43
Gilt Acc @ 201.30 211.80 +0.10 1.08 Emg Mkts Opps Fd A Acc ‡@204.90 … -1.50 0.75 High Inc Acc ‡@ 124.60 … … 2.60 Periodic charge deducted from capital; @ Exit charge
Erpn Grth Fund A Acc ‡@ 301.50 … -0.10 1.23 SANTANDER UNIT TST MGRS
Gilt Inc @ 74.35 78.24 -0.39 1.09 HSBC Investment Funds (OEIC) - Retail Share Class Japan Ind Acc ‡@ 68.65 … +0.39 0.02
Erpn Sel Opps Fd A Acc ‡@2257.00 … +1.00 1.24 08457 413002
Health Acc ‡@ 2990.00 … -29.00 … Pacific Ind Acc ‡@ 206.10 … -1.20 3.06
Jap Smlr Co Ac @
Managed Inc ‡@
62.56
138.30
66.09
…
-0.19
…
0.30
4.20
Balanced Acc ‡@
Balanced Inc ‡@
245.08
151.95
…
…
-0.42
-0.14
0.60
…
Fix Int Mnthly Inc Fd Acc ‡@29.12
Global Equity Fund Acc ‡@4356.00
…
…
+0.05
-41.00
5.13
…
UK 100 Ind Acc @
UK Active Opps Acc @
180.90
249.90
180.90
252.90
+0.90
-0.10
3.19
…
Bal Pfolio Inc ‡@
Bal Port Gwth Acc ‡@
110.50
232.70 …
… +0.40
-0.60
…
1.22 British funds
Corp Bd Acc ‡@ 266.85 … -0.31 4.87 Equity Inc Inc ‡@ 208.80 … -0.40 5.40
Monthly Inc Inc ‡@ 244.80 … -0.30 4.52 12 month Price Int Yld Grs rd
Corp Bd Inc ‡@ 103.53 … -0.13 3.28 N&P UK Gwth Inc ‡@ 182.80 … +0.10 3.09
UK Growth Inc ‡@ 225.70 … -0.20 0.66 High Low Stock (£) +/– % yld
Gilt & Fd Int Acc ‡@ 497.78 … +1.62 1.19 Stkmkt 100 Tkr @ 267.60 267.60 +0.50 3.21
UK Select Opps Inc ‡@ 1951.00 … -4.00 1.08
Gilt & Fd Int Inc ‡@ 74.17 … +0.24 1.58 UK Growth Acc ‡@ 464.30 … -1.50 3.15
UK Sml Cos Inc ‡@ 268.60 … -1.90 0.04
Income Acc ‡@ 726.79 … -0.56 4.28 UK Growth Inc ‡@ 248.00 … -0.80 3.23 Index-linked
Income Inc ‡@ 298.19 … -0.23 4.43
389.95 359.04 Tr IL 2K% 24 * 373.23 + .92 1.45 0.33
Monthly Inc Acc ‡@ 313.41 … +0.77 3.21 SCOTTISH MUTUAL INV MNGRS LTD 111.32 100.13 Tr IL 0V% 24 100.20 + .07 … –0.04
Monthly Inc Inc ‡@ 130.81 … -0.11 4.04 0141 248 6100 118.20 96.90 Tr IL 0V% 26 100.14 + .29 … 0.08
AXA FUND MANAGERS LTD
UK Grth & Inc Ret B Acc ‡@148.49 … -0.01 4.15 132.58 99.85 Tr IL 1N% 27 105.84 + .36 1.29 0.04
Admin & Enq 0117 989 0808 European Inc 1777.00 1873.48 +4.40 0.78 127.38 93.33 Tr IL 0V% 28 100.60 + .38 … 0.02
UK Grth & Inc Ret B Inc ‡@65.54 … -0.01 4.29
AXA Trusts Far Eastern Inc 584.69 617.09 -0.73 … 129.06 92.36 Tr IL 0V% 29 100.27 + .39 … 0.08
UK Gth & Inc Acc ‡@ 148.49 … -0.01 4.15 137.95 90.61 Tr IL 0V% 31 101.29 + .33 … –0.02
Gen Acc ‡@ 2101.00 … +6.00 … Intl Growth Inc 380.56 400.59 +0.02 …
UK Gth & Inc Inc ‡@ 65.54 … -0.01 4.29 401.24 301.39 Tr IL 4V% 30 * 339.45 +1.51 1.90 0.12
Gen Inc ‡@ 1079.00 … -2.00 … Japanese Inc 41.85 41.85 +0.43 0.56 156.89 99.08 Tr IL 1N% 32 111.99 + .40 1.12 0.03
Mutual European 2762.93 2908.99 -21.63 1.11 154.42 92.56 Tr IL 0O% 34 106.71 + .27 … 0.14
Mutual Far Eastern 1004.19 1059.83 -5.98 0.89 318.19 206.76 Tr IL 2% 35 * 245.68 + .52 0.99 0.24
HSBC Specialist Investment Funds (OEIC) Mutual North Am 1983.00 2092.88 +6.23 0.24 153.22 82.01 Tr IL 0V% 36 98.87 + .09 … 0.21
176.62 94.08 Tr IL 1V% 37 112.70 + .06 1.05 0.25
UK/Global Investment Companies American Index Retail Acc ‡@899.74 … -3.67 1.04 Mutual UK Eq 1449.29 1529.59 +2.15 2.69 158.32 78.25 Tr IL 0V% 39 97.23 – .09 … 0.30
American Index Retail Inc ‡@727.57 … -2.90 1.04 Nth American Inc 1227.65 1295.67 -7.28 … 173.44 84.60 Tr IL 0X% 40 105.50 – .14 … 0.30
Euro Acc A ‡@ 234.70 … … 1.18
Asian Gth Acc ‡@ 147.77 … -0.07 … UK Equity Inc 568.31 599.80 +0.81 1.62 167.01 75.20 Tr IL 0V% 41 96.90 – .19 … 0.30
Extra Inc Inc B ‡@ 86.74 … +0.24 1.16 184.25 82.66 Tr IL 0X% 42 106.26 – .25 0.59 0.30
Global Gwth Acc R ‡@ 288.10 … +4.10 0.52 Asian Gth Inc ‡@ 130.99 … -0.06 …
SCOTTISH WIDOWS UNIT TRUST MGRS 173.05 72.26 Tr IL 0V% 44 95.25 – .43 … 0.36
Japan Acc A ‡@ 162.30 … +2.20 … Chinese Eq Acc ‡@ 513.81 … +0.27 0.40 179.66 70.25 Tr IL 0V% 46 94.33 – .57 … 0.38
Chinese Eq Inc ‡@ 434.76 … +0.22 0.34 0845 300 2244 208.97 80.78 Tr IL 0O% 47 108.60 – .68 0.70 0.39
Pac Gwth Acc A ‡@ 479.80 … -17.60 …
Euro Gth Acc ‡@ 973.97 … +4.05 0.41 Authorised Inv Funds (OEICs) 189.18 66.79 Tr IL 0V% 48 93.77 – .70 … 0.38
Euro Gth Inc ‡@ 817.05 … +3.39 0.44 OEIC A Class 210.53 72.64 Tr IL 0K% 50 103.27 – .84 … 0.37
Managed Investment Funds 207.58 65.69 Tr IL 0N% 52 97.74 – .88 … 0.33
274.69 88.77 Tr IL 1N% 55 130.21 –1.29 1.06 0.29
CIS UNIT MANAGERS LTD Bal Port A Acc ‡@ 237.60 … +0.80 … 220.87 60.50 Tr IL 0V% 56 95.43 –1.30 … 0.27
08457 46 46 46 Caut Port A Acc ‡@ 207.10 … +0.30 … 227.63 60.14 Tr IL 0V% 58 95.39 –1.49 … 0.26
IGNIS ASSET MGMT 262.41 64.93 Tr IL 0W% 62 106.11 –1.85 … 0.21
Dlg: 0141 222 8282 Caut Port A Inc ‡@ 152.00 … +0.30 … 270.40 55.87 Tr IL 0V% 65 98.65 –2.04 … 0.16
European Gwth ‡@ 210.00 … +0.20 1.21
Opps Port A Acc ‡@ 280.20 … +1.30 … 292.56 54.65 Tr IL 0V% 68 99.30 –2.23 … 0.14
Sus Leaders ‡@ 789.20 … -0.10 1.23 American Gth Inc @ 322.55 340.42 -3.34 … Prog Port A Acc ‡@ 266.60 … +1.10 … 339.09 55.40 Tr IL 0V% 73 106.10 –2.59 … …
UK Growth ‡@ 640.50 … +1.90 2.05 Balanced Growth @ 262.17 276.69 -0.93 1.52
UK Income ‡@ 214.10 … +0.40 4.85 Balanced Growth Acc @ 393.13 414.92 -1.40 1.49 Overseas Growth Investment Funds
Corporate Bond ‡@ 99.69 … -0.89 …
Eur Sel Gth A Acc ‡@ 3454.00 … -35.00 2.20 Longs (Over 15 years)
European Growth @ 403.88 426.26 -3.57 2.18 139.10 94.91 Tr 4N% 36 107.25 + .37 3.96 3.55
European Growth Acc @ 475.71 502.07 -4.21 2.24 106.55 67.54 Tr 1O% 37 78.77 + .32 … 3.63
CLOSE FUND MANAGEMENT LTD Tracker and Specialist Investment Funds
Glob Gwth @ 331.53 349.90 -3.09 … 153.15 98.36 Tr 4O% 38 113.13 + .42 4.20 3.65
0870 606 6402 Higher Yield @ 83.98 88.64 -0.29 4.43 UK Trkr A Acc ‡@ 392.20 … -0.50 3.16 97.19 58.05 Tr 1V% 39 69.33 + .33 … 3.67
UK Trkr A Inc ‡@ 196.70 … -0.20 3.24 147.00 92.08 Tr 4N% 39 106.94 + .41 3.97 3.69
Beacon Inv ‡ 84.88 … +0.35 0.01 Higher Yield Acc @ 275.04 290.28 -0.92 4.32 149.42 91.30 Tr 4N% 40 106.98 + .41 … 3.71
Japan @ 49.06 51.78 -0.03 0.94 98.79 54.72 Tr 1N% 41 67.07 + .34 … 3.70
Managed @ 130.89 138.15 -0.06 0.66 UK and Income Investment Funds 136.92 76.78 Tr 3N% 44 92.79 + .28 … 3.75
Managed Trust @ 71.96 76.96 +0.17 … Corp Bond A Acc ‡@ 286.90 … +1.30 2.20 158.50 93.79 Tr 4K% 42 111.00 + .49 4.05 3.71
Dealing: 020 7426 6232 Mngd Pfolio Inc @ 95.54 100.84 -0.11 … 143.41 79.61 Tr 3K% 45 96.28 + .29 … 3.75
Corp Bond A Inc ‡@ 106.60 … +0.50 2.23 162.45 89.35 Tr 4N% 46 107.74 + .33 3.94 3.76
Winchester ‡ 3631.90 … +63.22 0.89 Pacific Grth @ 498.71 526.34 -2.81 1.34 Envir Invtr A Acc ‡@ 394.90 … -4.80 1.34 91.09 43.93 Tr 0Y% 46 56.23 + .22 … 3.72
Smaller Comp @ 756.24 798.14 +1.64 … Hi Inc Bond A Ac ‡@ 233.40 … +0.20 5.23 104.55 51.06 Tr 1K% 47 64.57 + .22 … 3.71
Smaller Cos @ 628.94 663.79 +1.36 0.21 Hi Inc Bond A Inc ‡@ 69.72 … +0.06 5.38 110.94 53.78 Tr 1O% 49 67.75 + .25 … 3.69
Hi Res A Acc ‡@ 387.30 … … 3.86 169.83 89.75 Tr 4N% 49 108.77 + .34 3.91 3.73
85.16 35.82 Tr 0X% 50 47.85 + .22 … 3.62
EDENTREE INV MGMT LTD Hi Res A Inc ‡@ 120.90 … … 3.96 198.15 63.35 Tr 0V% 51 93.43 – .85 … 0.37
0800 358 3010 INSIGHT INVESTMENT FDS MANAGEMENT LTD Safety Plus A Acc ‡@ 40.49 … … … 99.56 44.40 Tr 1N% 51 57.62 + .25 … 3.65
Strat Inc A Acc ‡@ 190.40 … +1.60 3.16 163.13 82.51 Tr 3O% 52 101.25 + .33 … 3.68
Resp & Sust Sterling Bond ‡86.89 … +0.50 1.93 Client Servs: 0207 163 4000 Global Equity Income A Inc ‡@66.74 … -0.48 3.25 UK Index Acc ‡@ 353.50 … +0.30 1.30 107.50 46.78 Tr 1K% 53 60.64 + .02 … 3.65
Insight Investment Multi-Manager Funds Global Tech A Acc ‡@ 2738.00 … -8.00 … UK Index Dist ‡@ 170.30 … +0.20 1.33 Strat Inc A Inc ‡@ 83.99 … +0.69 3.22
Resp & Sust Eurp Eq ‡ 325.30 … -1.90 0.77 110.77 48.25 Tr 1X% 54 62.55 + .14 … 3.62
Instl UK Idx Opps A Acc ‡@116.98 … +0.08 2.94 US Ind Acc ‡@ 786.70 … -5.10 0.39 UK Gwth A Acc ‡@ 200.20 … -0.30 3.25 184.45 90.79 Tr 4N% 55 111.75 + .16 3.80 3.63
Resp & Sust Glbl Eq ‡ 317.90 … -2.50 0.05 Well Bldr Bal Acc ‡@ 96.05 … -0.32 …
M-Asset Abs Ret A Acc ‡@163.60 … -0.40 0.52 Worldwide Acc ‡@ 340.20 … -0.20 0.08 UK Sel Gwth A Acc ‡@ 2329.00 … -1.00 2.40 116.73 49.39 Tr 1O% 57 64.64 + .08 … 3.53
Resp & Sust Mgd Income ‡122.30 … -0.70 2.74 Well Bldr Gwth Acc ‡@ 93.79 … -0.36 … 188.51 87.32 Tr 4% 60 109.50 + .04 … 3.54
Resp & Sust UK Eq ‡ 221.50 … -1.60 0.79 M-Man Active Fd A Acc ‡@257.70 … -1.00 …
OEIC B Class 81.04 26.21 Tr 0K% 61 38.72 – .04 … 3.32
Resp & Sust UK Equity Opps ‡280.00 … -1.50 0.55 M-Man Inc Grth A Inc ‡@ 148.30 … -0.20 2.63 149.44 60.88 Tr 2K% 65 78.99 – .08 … 3.45
M-Man Inc Grth Fd A Acc ‡@189.40 … -0.20 2.59 M & G SECURITIES Tracker and Specialist Investment Funds 188.88 79.01 Tr 3K% 68 100.84 – .08 … 3.46
INVESCO FUND MGRS LTD Sterling Bond U Trst Acc ‡@207.00 … +1.30 1.48 Enq: 0800 390 390 Dealing Line: 0800 328 3196 UK Trkr B Acc ‡@ 433.00 … -0.50 3.25 124.55 42.99 Tr 1X% 71 59.35 – .06 … 3.31
Dling: 0800 085 8571 Inv Serv: 0800 085 8677 Sterling Bond U Trst Inc ‡@56.55 … +0.37 1.49 Authorised Inv Funds UK Trkr B Inc ‡@ 195.60 … -0.20 3.34
F & C FUND MANAGEMENT LTD (OEICS) Brkr Serv: 0800 028 2121 Strategic Bond A Inc ‡@ 105.60 … +0.30 3.43 Charifund Inc ‡ 1522.41 … -1.19 5.65
Enqs: 0870 601 6183 Dealing: 0870 601 6083 INVESCO Funds UK Abs Ret Fd A Acc ‡@ 166.40 … -0.10 … UK and Income Investment Funds Mediums (5-15 years)
Share Class 1 - Retail UK Str Inc N/Trl ‡@ 323.57 … -0.12 7.05 UK Alpha Fund A Acc ‡@ 142.20 … -1.00 1.17 Corp Bond B Acc ‡@ 370.70 … +0.90 … 100.03 97.34 Tr 0O% 23 98.59 + .02 … 3.57
UK Irsh Sm Co Fd A Acc ‡@742.50 … -1.70 … Sterling Class A Investment Funds 1 102.35 98.04 Tr 2N% 23 99.15 + .02 … 3.61
Corporate Bd ‡@ 49.99 … -0.31 1.57 Corp Bond B Inc ‡@ 136.30 … +0.30 … 98.66 94.34 Tr 0V% 24 96.54 + .01 … 3.57
UK Property A Acc @ 264.95 278.15 +0.01 2.63 Euro Smlr Cos Acc ‡ 525.29 … -3.39 … UK Gwth B Acc ‡@ 205.60 … -0.30 1.79 100.37 94.79 Tr 1% 24 97.02 + .01 … 3.45
Emerging Mkts ‡@ 116.50 … -0.50 …
UK Property A Inc @ 105.80 111.07 … 2.68 Euro Smlr Cos Inc ‡ 462.50 … -3.00 0.69 UK Sel Gwth B Acc ‡@ 2481.00 … … 1.09 104.84 96.82 Tr 2O% 24 98.87 + .02 … 3.47
Euro Gwth & Inc 1 ‡@ 1207.00 … +4.00 … INVESCO PERPETUAL Funds US Growth Fund A Acc ‡@1636.00 … -15.00 … 112.57 100.77 Tr 5% 25 103.34 + .03 4.84 3.36
Extra Inc Bond ‡@ 44.00 … +0.12 1.85 99.48 90.15 Tr 0X% 25 94.02 + .04 … 3.25
Childrens Acc ‡@ 463.33 … -0.03 … OEIC C Class
FTSE All-Shr Track ‡@ 437.50 … +0.50 3.05 104.11 93.15 Tr 2% 25 96.82 + .04 … 3.27
Corp Bond Acc ‡@ 200.40 … +1.19 2.87 Sterling Class A Investment Funds 2 UK and Income Investment Funds 97.43 86.33 Tr 0V% 26 91.20 + .05 … 3.20
Global Gwth SC1 ‡@ 310.70 … -1.70 …
High Income Inc ‡@ 324.95 … +0.24 3.23 Extra Income Inc ‡ 711.45 … -0.23 5.13 103.07 89.28 Tr 1K% 26 94.14 + .05 … 3.28
High Inc Trst @ 11.06 11.65 -0.01 5.73 UK Gth C Inc ‡@ 133.20 … -0.30 3.83
Income & Grth Inc ‡@ 413.02 … +0.83 1.69 102.29 85.65 Tr 1N% 27 91.68 + .13 … 3.25
Max Inc Bond ‡@ 43.54 … +0.05 3.12 Gilt & Fxd Int Inc ‡ 78.39 … +0.84 1.99 UK Sel Gwth C Acc ‡@ 2598.00 … … 1.29 119.07 98.23 Tr 4N% 27 104.32 + .12 4.07 3.28
Income Inc ‡@ 1286.61 … +0.53 3.48 JP MORGAN ASSET MGMT Gl Hi Yd Bd Inc ‡ 40.07 … +0.06 5.75
Multi Man Caut ‡@ 70.41 … … 3.18 95.68 79.15 Tr 0V% 28 85.52 + .14 … 3.27
Money Acc ‡@ 91.98 … +0.03 0.87 OEIC Index Linked Bd Inc ‡ 117.89 … +2.46 … STANDARD LIFE INVESTMENTS 104.87 84.72 Tr 1X% 28 91.65 + .17 … 3.23
Multi Man Distr ‡@ 60.44 … … 3.37
Monthly Inc Plus Inc ‡@ 93.20 … +0.23 5.02 Index Trckr Inc ‡ 77.83 … +0.10 3.83 0845 279 3003 133.44 107.13 Tr 6% 28 114.00 + .19 5.26 3.36
North Amer ‡@ 806.60 … -8.10 … Asia A Acc ‡@ 259.00 … +2.20 …
UK Aggressive Inc ‡@ 154.28 … -0.24 3.15 96.81 77.61 Tr 0K% 29 84.68 + .18 … 3.32
Pacific Gwth ‡@ 511.90 … -1.90 0.04 Emerging Mkts ‡@ 261.50 … +3.00 … Short Dated Corp Bd Inc ‡ 24.96 … +0.05 2.12 Investment Funds (OEIC) - Retail Shares 99.26 78.21 Tr 0Y% 29 85.76 + .19 … 3.24
UK Growth Acc ‡@ 903.07 … -0.51 … UK Select A Inc ‡ 2871.94 … -7.83 2.35
Strategic Bd ‡@ 198.20 … +0.20 1.79 Eur Dyn (ex-UK) A Acc ‡@270.30 … +4.70 … AAA Inc CAT Acc ‡@ 89.21 … +0.34 1.38 94.54 72.39 Tr 0W% 30 80.39 + .21 … 3.26
UK Sml Cos Eqty Acc ‡@ 1382.92 … -5.64 0.34 131.19 101.89 Tr 4O% 30 110.47 + .25 4.30 3.23
UK Equity ‡@ 3459.00 … -12.00 1.27 Euro Smllr Cos ‡@ 864.00 … +17.40 … AAA Inc CAT Inc ‡@ 50.18 … +0.19 1.39
UK Sml Cos Gwth ‡@ 82.54 … +0.04 … 92.23 69.25 Tr 0N% 31 77.45 + .25 … 3.30
UK Gwth & Inc Acc 1 ‡@ 658.50 … … … Europe A Acc ‡@ 1734.00 … +35.00 … AAA Income Acc ‡@ 97.11 … +0.38 1.81
Sterling Class A Investment Funds 3 98.41 73.06 Tr 1% 32 81.81 + .27 … 3.35
UK Gwth & Inc Dist ‡@ 234.70 … … … Gbl Hi Yld Bd A Acc ‡@ 117.30 … +1.10 5.30 Amer Eq Gth Acc ‡@ 206.10 … -3.20 … 130.22 98.13 Tr 4N% 32 107.66 + .33 3.95 3.29
UK Smaller Cos ‡@ 1054.00 … -7.00 0.19 Gbl Hi Yld Bd A Inc ‡@ 30.89 … +0.29 5.45 Corp Bd A Inc ‡ 34.15 … +0.27 3.30 Corp Bond Acc ‡@ 157.20 … +1.10 3.21 96.83 68.57 Tr 0Y% 33 77.59 + .27 … 3.43
INVESTEC FUND MGRS Gl ex-UK Bd A Acc ‡@ 257.40 … -0.70 … Dividend Inc ‡ 54.84 … -0.11 5.68 Corp Bond Inc ‡@ 52.65 … +0.37 3.26 138.42 98.89 Tr 4K% 34 110.03 + .43 4.09 3.45
Broker Support and Dealing: 020 7597 1900 Recovery A Inc ‡ 110.15 … +0.18 3.07 91.98 61.24 Tr 0X% 35 70.78 + .31 … 3.53
Gl ex-UK Bd A Inc ‡@ 196.80 … -0.50 … Euro Eq Gth Acc ‡@ 254.10 … … 0.28
OEIC Series i,ii,iii, & iv Glb Fins A Acc ‡@ 1077.00 … +1.00 1.03 Sml Cos Inc ‡ 353.85 … -2.15 2.06 Glb Advtg CAT Acc ‡@ 150.30 … -0.20 0.99
FIDELITY INTERNATIONAL American A Acc ‡@ 637.69 … -6.69 … Global A Acc ‡@ 2049.00 … +11.00 … Glob Advtg Acc ‡@ 198.50 … -0.20 0.96
Private Clnts 0800 414161 Broker Dlgs 0800 414181 Shorts (under 5 years)
Asia ex Japan A Acc ‡@ 798.76 … -0.88 … Japan A Acc ‡@ 516.80 … +6.20 … Glob Eq Uncstrd Acc ‡@ 158.30 … -1.30 …
Sterling Class A Investment Funds 4 99.89 98.87 Tr 0V% 23 99.89 + .01 … 3.44
Amer Spec Sits ‡@ 2347.00 … -11.00 … Capital Accumulator A Acc ‡@231.48 … -3.81 … Multi-Man Tst A Acc ‡@ 1268.00 … +16.00 … Higher Inc Acc ‡@ 143.30 … +0.30 4.54 98.20 90.04 Tr 0N% 25 93.62 + .02 … 3.53
American ‡@ 4920.00 … -21.00 … Cautious Managed A Acc ‡@384.74 … +0.51 1.97 Multi-Man Tst A Inc ‡@ 1127.00 … +15.00 … Episode Allocation A Inc ‡@138.53 … +0.45 2.69 Higher Inc Inc ‡@ 44.68 … +0.10 4.67 97.82 84.28 Tr 0W% 26 89.70 + .04 … 3.32
Euro Opps ‡@ 584.40 … -3.30 … Cautious Managed A Inc ‡@242.23 … +0.32 2.00 Nat Resources ‡@ 951.20 … +17.30 … Japan Eq Gth Acc ‡@ 127.40 … … …
* maturities having an eight-month indexation lag.
European ‡@ 3462.00 … -10.00 0.32 Diversified Growth A Acc ‡@133.66 … +0.03 0.61 New Europe A ‡@ 155.70 … +12.00 2.11 Managed Acc ‡@ 362.20 … -3.40 0.54
Extra Income ‡@ 22.80 … -0.02 5.25 Diversified Growth A Inc ‡@141.54 … +0.04 … Portfolio ‡@ 295.60 … +0.40 … MARKS & SPENCER UNIT TRUST LTD Select Inc Acc ‡@ 91.51 … … 2.21
Glob Spec Sits ‡@ 5494.00 … -22.00 … Diversified Income A Acc ‡@322.30 … +0.31 2.59 Stg Corp Bd A Acc ‡@ 85.59 … -0.13 1.14 0808 005 5555 Select Inc Inc ‡@ 51.26 … -0.26 2.21 This is a paid for information service. For
Global Focus ‡@ 2874.00 … -12.00 … Diversified Income A Inc ‡@68.97 … +0.07 4.05 Stg Corp Bd A Inc ‡@ 48.30 … -0.08 1.14 High Income 88.48 88.48 +0.11 4.44 UK Eq Gth Acc ‡@ 375.30 … -0.50 1.91 further details on a particular fund, readers
International ‡@ 149.50 … +0.20 0.08 Emerging Mkts Blended Debt A Acc ‡@115.26 … +0.21 4.39 UK Act 350 A Acc ‡@ 199.00 … -2.20 … High Income Acc 245.00 245.00 +0.30 4.32 UK Eq Hi Alpha ‡@ 231.70 … -0.30 3.38 should contact their fund manager.
Japan ‡@ 540.40 … +1.10 0.51 Emerging Mkts Blended Debt A Acc Gross ‡@125.82 … +0.20 … UK Dynamic Acc ‡@ 206.70 … +4.30 … UK 100 Comp Acc @ 466.00 466.00 -0.60 3.09 UK Eq Hi Inc Acc ‡@ 280.90 … +0.10 4.26
Moneybldr Bal ‡@ 44.73 … -0.09 3.74 Emerging Mkts Blended Debt A Inc ‡@67.10 … +0.11 6.28 UK Dynamic Inc ‡@ 148.20 … +3.10 … UK 100 Cos @ 230.90 230.90 -0.30 3.17 UK Eq Hi Inc Inc ‡@ 77.29 … +0.03 4.41
Data as shown is
Moneybldr Glob 327.60 327.60 -0.10 0.21 Emerging Mkts Equity A Acc ‡@154.31 … -0.57 0.95 UK Equity A Acc ‡@ 401.90 … +0.60 3.45 UK Select Pflo @ 345.10 345.10 -0.10 1.75 UK Ethical Acc ‡@ 204.40 … -0.30 1.44
Moneybldr Gwth ‡@ 76.12 … -0.95 2.97 Emrg Mkts Local Curr Debt A Acc ‡@184.83 … -0.56 4.48 UK Equity A Inc ‡@ 46.44 … +0.07 3.49 UK Selection Port Acc @ 714.20 714.20 -0.10 … UK Opps Acc ‡@ 236.50 … -0.60 0.65 for information
Moneybldr Inc ‡@ 29.56 … -0.05 4.49 Emrg Mkts Local Curr Debt A Inc ‡@72.92 … -0.22 4.72 UK Eqy & Bd Inc Acc ‡@ 167.10 … -0.20 3.41 Worldwide Mgd Acc @ 948.70 948.70 -2.80 1.04 UK Opps Inc ‡@ 213.60 … -0.50 0.65 purposes only. No offer is made by Morningstar
Moneybldr UK Ind ‡@ 131.71 … -0.36 2.93 Emrg Mkts Local Curr Debt Gross I Acc ‡@220.49 … -0.05 … UK Eqy & Bd Inc Inc ‡@ 90.29 … -0.48 3.50 Wwide Mgd @ 554.90 554.90 -1.70 1.05 UK Smlr Cos Acc ‡@ 804.00 … -1.60 … or this publication
46 Thursday January 19 2023 | the times
company’s trailing 12-month dividend payments 8582 6370 Lond Stk Ex Gp 7570 + 110 1.0 77.4 345 227 Boot (Henry) 235 + 1 2.3 12.5 98 37W SigmaRocv 58 – 2W … … 399 160K Crestchic Plcv 399 … … …
divided by the last month’s ending share price 227N 159Y M&G 204Y – 1X 8.9 64.0 556W 324O Br Land 437 – 4K 3.4 59.8 136O 66K Sirius Real Estate‡ 82X – 1 3.9 6.4 1760 1020W Dewhurstv 1160 – 50 1.1 13.3
12 month high and low Please note the 12 month high 274Y 178O Man 237 + V 3.5 9.5 160 125K Caledonian Tstv 135 – 10 … 26.9 172K 156K Smart (J)‡ 172K + 5 1.8 4.7 371 232Y Dialight 266 + 6 … …
and low figures for shares supplied by Morningstar are 29 7K Manx Finv 21 – K 0.8 10.6 179N 95K Cap & Count Prop 111X – 2 0.4 32.8
50 26 Steppe Cementv 43 – 1 8.8 9.9 1706 901Y Electrolux 'B' 1224W – 1K 5.3 9.2
based on intra-day figures, not closing prices. 3W 1O Marechale Capv 1O … … 0.8 65 43O Cap & Regnl 55V + 1V … -0.4
160Y 85 Taylor Wimpey 117K + K 7.0 7.7 170 85K Feedbackv 96 … … …
178K 129 Town Centre 159 + 6K 2.2 6.2 1175 426 Gooch Hsegov 562 – 2 0.8 41.6
14701 11874W Marsh McLn 13721X – 158Y 1.4 28.5 2550 2100 Cardiff Prop 2420 … 0.7 26.3
12 month Price 12 month Price 1623K 738 Travis Perkins 1023 + 5 1.1 9.9 3915 2400 Goodwin 3915 – 15 2.6 21.6
820 530 Mattioli Woodsv 640 … 3.2 … 37 10O Carecapitalv 10O – K … -1.2
High Low Company (p) +/- Yld% P/E High Low Company (p) +/- Yld% P/E
248K 125X Tritax Big Box Reit 151O – 2X 4.2 2.7
2780 1876K Halma‡ 2157 – 23 0.8 31.2
21O 11 Metal Tigerv 17N … … 6.6 170 106 Clarke T 126 … 3.4 9.0
110K 58X Tritax Eurobox 65 + Y … …
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126V 69 Metro Bank 125V – 2O … -0.8 353 191X Countryside Prop 229O + 14 … 16.7
401K 184K Tyman 261 + 2K 3.0 10.3
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1916O 1478X Nat Aust Bk 1791W … 2.6 17.7 20K 6V Craven Housev 6O … … -0.1
344 122K EPE Special Oppsv 156 … … 8.7 1207 791K UNITE GRP 991 – 4 1.9 11.5
526N 89K Aston Martin Lag 168Y + 1Y … -1.0 3N O Image Scanv 1O … … 10.7
986O 722O FBD 957 … … 4.2 298O 207X NWG 298O … 3.5 11.7 3952 2756K CRH 3652K – 34K 2.3 15.1
1117K 519K Vistry Group 756 + 9 5.2 6.6
72K 67K Fiskev 67K … … 12.0 1699 1071 IMI 1443 + 5 1.5 19.7
Banking & finance 83K 59 Frenkel Toppingv 73K – 1K 1.8 42.7
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761 458K Georgia Capital 758 + 17 … 2.0 887 343W Workspace Grp‡ 493O – 5W 3.5 -7.3
8740 6090 Judges Scientificv 7950 – 50 0.7 40.1
252O 133 abrdn 207K – V 7.0 4.5 1005 710 Gresham Housev 750 … 0.8 30.1 691 483 PayPoint 504 + 1 6.3 15.8 36K 22 First Propv 22V + V 2.0 … 755 645 Wynnstay Propsv 650 … 3.2 4.7
3266 1729 Admiral 2131 – 14 7.1 10.8 506 276 H&T Groupv 469 – 24 1.8 15.0 81 67K LPAv 76K … … …
73K 33K ADVFNv 37K … 4.0 6.5 14 N PCF Groupv Y + N … -0.4 52K 36K Fletcher Kingv 43K … … …
Consumer goods
52 33 Hansard Global 41 … 10.8 14.1 798O 733 Meggitt 798O + V … …
390 246V AJ Bell 370V + 5O 1.9 34.7 701W 506O Phoenix Gp 627V – 3V 7.6 -7.2 46X 27N Foxtons Group 38 – W 0.4 …
27445 20443N Aon Corpn 25453 – 123 0.5 62.1 1366 740O Hargreaves L 929O + 8V 4.1 16.5
170K 95K Melrose 149X – K 1.0 …
42V 21K Appreciate Groupv 41K … 2.4 18.0 194Y 143W Helios Underv 162K … 1.8 … 366 136N Provident 203O – W … 3.8 189Y 145 Galliford Try 167 + 1K 2.8 37.1
1030 645 Arbuthnot Bkgv 900 – 2K 1.7 19.9 6O 3 Agriterrav 3 – N … -0.3 351 217 Morgan Advanced 319K – 3 2.1 13.4
590X 442V HSBC 590X – K 2.7 12.9
1337 797K Prudential 1311K – 8K 0.9 21.3 617 252K Genuit Group 325K – 7 2.7 19.7
20 11 Argo Groupv 12K … … 5.7 847K 648 IG Group 790K + 3 5.4 8.0 560 227K Mpacv 250 – 17K … 6.5
35 25K Aireav 33 – K … 12.2
294O 180Y Ashmore Gp 267W + 1W 6.3 9.1 2Y Y Quantum Blockchainv 2N + N … … 774 335 Gleeson (MJ) 423 + 5 3.5 6.6
1254 500 Impaxv 759 + 2 1.3 25.0
1627V 1197K Aus New Z 1402V – 6O 5.7 10.9 952 704 Anglo-Eastern 776 – 10 … 7.1 745 222 MS Intlv 615 – 5 0.5 87.8
602Y 373O Aviva 441 – O 4.8 58.0 1975K 953V Intermed Cap 1303 – 33 4.3 7.4 179K 82 Quilter 98O + O 5.3 70.5 1204 630K Grafton Gp Uts 915X + 6Y 3.8 10.6
355 187K Animalcarev 187K – 2K 2.1 … 2665 1720 Oxford Inst 2285 … 0.7 31.2
290Y 193W Banco Santander 273X – K 2.3 6.5 142V 64W IPF 76O … 2.8 4.3
175W 57K Randall & Quilterv 74 … 5.2 … 312O 205W Grainger‡ 259V – 4 2.1 16.1
2745 986 Bank of Georgia 2635 + 35 … 8.1 173O 136 Intl Public Pntshp 154V – 3V 4.8 19.8 2131 1237 AB Foods 1831 – 22K 0.3 30.2 2737N 1078X Philips El nv 1334 – 1 5.3 23.7
217 135X Barclays 182 + 1V 1.6 4.4 2210 1518 Rathbone Grp 2120 + 25 3.4 16.4 741 409V Gr Portland 566 – 8 2.2 -7.0
542O 351K Investec 522 + 9K 2.4 13.1 127K 79 Bakkavor Group 109 + 5 6.0 11.3 36K 12O PipeHawkv 14N … … 30.3
W … Blue Star Capitalv V … … 3.2
320 253 Investment Co 280 … 0.3 10.0 1W K RiverFort Global Oppsv X … 2.7 2.1 39Y 17V Hammerson 26W … 1.5 -2.8
359 277 BP Marsh&Ptnrsv 324 … 0.7 8.9 588 432 Barr (AG) 535 – 7 … 19.0 101K 23V Pressure Techv 39K … … -3.2
24O 7Y Braveheart Invv 8K – N … 0.2 114V 52O IP Group 63X – 1V 1.5 2.3
1880 1370 Rockwood Strategic 1880 + 5 1.4 2.7 191 101 Harworth Gp 117 + 1 1.5 4.0
517 266 Brewin Dolphin 515 + 1 2.8 28.1 300 94 Jarvis Securitiesv 165 + 2K 8.1 11.8 4Y 1O Bidstack Groupv 1Y … … -1.5 5000 3342 Renishaw 3872 … 1.7 22.0
406K 173Y Bridgepoint 234O – 7W … 14.6 246 83O Jupiter Fund Mgmt 147W + N 11.6 5.4 2810 1905 S & U 2130 + 50 4.2 10.0 630 450 Heath (Samuel)v 450 … 1.5 9.3
119 24K Brand Architektsv 27 + K … -1.1 31W 20 Renoldv 24X … … 8.8
82 40 Cenkos Secsv 45K … 7.6 9.2
95W 55Y Just Group 82K – 1K … … 2N 1N Sancus Lending Grpv 1W … … -0.6 442 296K Helical PLC 352 – 6K 2.8 8.5
325 256K Chesnara 289K + K 7.6 16.0 3628 2975 Brit Amer Tob‡ 3070K – 59K 7.0 10.3 127X 66V Rolls-Royce 108N – N … 73.6
664 346K Lancashire Hdgs 640 – K 1.8 …
68 15K City of Lon Gpv 15K … … -1.0 60O 40O Schroder REIT 48W … 5.2 5.1 1065 905 Highcroft Invs 935 … 5.5 4.0 940 707K Britvic‡ 773 – 16 3.1 17.5
302X 204 Legal & Gen 259 + 1K 6.8 7.9 2W 1V Ross Gp 1N … … -3.0
530 343K City Lon Inv Gp 453 + 1 7.2 10.6
1408 894 Close Bros 1083 – 8 5.5 8.0 52598 502X Liberty Group 502X – 2X … … 694 358O Schroders 472X + 4 24.5 2.1 208V 148N Ibstock 167 + 1K 2.4 21.6 2317 1482 Burberry Grp‡ 2317 + 74 1.8 19.9 350 229K Rotork 331K + 2 2.6 36.0
317 211K CMC Markets 235K + 1K 13.0 7.2 1922 704 Liontrust 1210 – 6 3.8 15.1 1653K 920 St James Place 1252K + 1K 4.8 23.8 314 181 James Halsteadv 182 – 4K 4.1 19.3 243 143Y C&C Grp 164Y – Y … -9.8 198 137K SDI Groupv 158 – 5 … 26.0
865O 501X Commerzbk 865O + 24N … 44.3
55N 38 Livermore Invsv 45K … 7.7 2.9
1285X 675 Deutsche Bk 1048K + 5 … 12.2 705V 450W Stand Chart 701K … 1.2 15.7 940 591 Keller 754 + 3 4.7 8.7 9K 2V Capital Metalsv 2X … … -0.7
152 111 Senior 140V – 1O … 24.4
312N 172N Direct Line Ins 172N – 1W 12.9 7.1 55V 39 Lloyds Bkg Gp 49W … 5.2 6.8
15 7N Starvestv 7K … … -1.2 8803 3989Y Kingspan Group 5174K + 17W 0.6 20.3 160 92 Carr's Grp# 121K – 3 4.1 15.0
59K 57 Downing ONE VCT 57 … 4.3 7.7 36 28O LMS Capital 29K … 3.0 12.8 74W 48 Severfield‡ 63 – 1V 4.6 11.2
640 363 Character Grpv‡ 412K – 12K 2.1 7.3
16N 8N Six Hundredv 9K + N … 55.5
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660 454 Schrod UKMid 568 – 2 2.6 -13.3 property 7X 2N Pires Investmentsv 2O … … -6.1 1381 739 Avon Rubber 1081 + 15 2.7 …
1828K 1296 GSK
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30Y 14O Schroder UK PP Tr 15N – N … -49.9
367K 268K Babcock 304V + 1K … -1.8
814 552X Gen Emer Mkts 626W – 3N 1.9 -12.8 536K 434 Scot American 515 – 3 2.8 0.9 112K 45 Plaza Cent 45 … … -0.1
230 133 Alumascv 155K – K 6.1 7.8 327N 246V Haleon 317Y – 9N … …
55 28K Gldn Prosp Prc Mtl 37O … … -8.9 1127K 670K Scot Mtge 768O – 10W 0.4 -7.9 867 572V BAE Sys 837W – 1 2.8 15.3
151X 98X Primary Hlth‡ 112X – 1W 5.5 11.5
168K 130W Greencoat UK Wind 152Y + N 5.9 -1.8 242 207 Secs Tst Scot 223 – 3 2.7 0.9 16 10N Aseana Props 11N … … -5.6 2122 1190K Hikma Pharms 1711 + 6 2.2 12.8
2250 1600 Braime A N/Vv 2150 … 0.5 24.2
212 166 Hansa Investment 180 … 1.0 -42.1 104V 75K Sequoia Eco 87V – X 6.8 -6.5 40K 28N Real Estate Invsv‡ 29 … 12.9 3.8
71O 48X Assura Grp 55N – 1O 5.2 11.0 466 134K Hutchmed Chinav 282 + 5N … …
212 168 Hansa Inv Co 'A' 177 … 1.0 -43.1 255O 195V Temple Bar 233K … 3.5 -7.1 2300 1480 Braime Groupv 1750 … 0.6 19.7
2835 1986 Hbrvest Glbl Pt Eq 2240 – 5 … -43.4 179K 130 Tplton Emg Mkt 156W – 1 2.9 -12.3 2W 1W Aukett Swankev 2N – V … -3.2 646V 372K Redrow 529 + 8K 4.6 6.5
602K 500 Caffyns 550 … … 7.9 … … Immunodiag Sysv 378 … 0.5 …
161Y 120K Hend Euro Foc 152 … 2.1 -13.2 W V Tiger Royal and Investv V … … 25.0 356K 215K Balfour Beatty 356K + 3K 1.2 16.9 1398 794 Safestore 1006 + 3 2.0 5.7 7O 1K ImmuPharmav 2V – K … -0.6
185 137N Hend High Inc 170 – 2K 6.2 -0.4 491 263 TR Property 326K – 8 4.6 -8.4 5Y 3 Cap XX Ldv 4K … … -9.7
684O 323W Barratt Devs 461K + 3O 6.3 7.2
1144 674N Hend Smlr 868 + 3 2.6 -10.7 78 64W Troy Inc&Gth 71 – W 2.0 -2.4 1440 763K Savills 933K + 21 2.4 9.3 7025 1060 Indivior 1954 – 4 … …
368 279 Castings 358 + 6 4.2 17.3
2120 1540 Herald 1844 – 8 … -14.5 260 144 Utilico Ord 162 + 2 3.4 -39.9 3038 1586K Bellway 2167 + 10 5.4 6.5
7N 5X Secure Propertyv 5X … … 14.8 7O 3W Chamberlinv 3K … … -0.2 118 54K Inspiration Healthv 56 – K 1.0 8.6
457K 310 HgCapital Trust 376 – 8 1.6 -14.7 227K 196K Utilico Emerging Mkt 214 – 1 3.4 -13.9 4486 3165 Berkeley 4362 + 25 0.2 11.3
184Y 138Y HICL Infra 167K – K 5.0 2.1 772 500 Vietnam Ent Inv 627 + 6 … -10.5 1389 694 Segro 832V – 17O 2.7 2.4 51K 14 Checkitv 23 … … -2.8 60V 24K IXICOv 25K … … 8.1
1573 987 Big Yellow Group‡ 1173 – 19 2.8 7.7
272 216 Highbridge Tactical 243 … … -9.4 245K 199O Witan 225K – 1 2.5 -8.1
1260 928 ICG Ent Tr 1178 – 14 1.1 -35.8 3500 2820 Ww Health 3180 – 35 0.7 -7.7 316 181K Billington Hldgsv 310 – 10 1.3 25.2 45W 27O SIG 33X – W … … 560 391 Cohortv‡ 506 + 4 2.1 44.9 501K 315W Mediclinic Int 497O + W … 31.1
the times | Thursday January 19 2023 47
3O 1K N4 Pharmav 2 – V … -2.4 147K 49 Catalyst Mediav 147K + 2K … … 7912X 68V DRD Gold 68V – X 5.5 8.0 2Y Y Sound Energyv 1Y + N … 11.8 862 440 Robert Walters 502 + 9 3.2 11.4 77K 38 Intercedev 56K … … 19.4
88.42 72.84 Novartis CHF 84.74 – 0.87 3.2 9.5 X V Catenaev V … … -0.3 1X K ECR Mineralsv Y … … -5.4 V … Sunrise Resourcesv … … … … 20 11K Roebuck Food Grpv 13K + K … 2.0 200 112W Iomartv‡ 113O – 3V 6.2 12.5
18O 2N Omega Diagsv 3N – K … -1.2 N … Tertiary Mineralsv V … … -4.3 239 92 RPS Group 222 … 0.1 … 57V 28V IQEv 45O – K … …
… … Daily Mail‡ 270 – 2K 8.9 10.3 25N 7W Edenville Energyv 7O … … -0.5
22K 4O Ovoca Biov 7 – V … -1.9 1159 812 RS Group 925 + 16 2.7 23.4 175 113 K3 Business Tchv 115 … … -1.9
195 100 DCD Mediav# 100 – 30 … 5.0 11O X Empyrean Energyv Y … … -6.2 Y N Thor Miningv N … … -1.8
1026 297 Oxford Biomedica 458 + 4 … 20.5 2319Y 1069W LG Electronics‡ 1420N + 129 … 3.7
71K 43 Ebiquityv 57N … … … 5332W 3944O Total Eng SE 5218X + 61K 4.3 11.9 42K 17 RTC Groupv 18K … … …
2090 1461 Endeavour Mining1926 – 4 2.4 28.6
5Y 2 Physiomicsv 3O … … … K V Location Sciencesv V … … -2.0
1466 829 Euromoney In Inv 1460 + 2 0.7 … N V Tower Resourcesv V … … -3.5 576K 264W RWS Hldgsv 402 + K 2.3 36.8
36K 19V EnQuest 23O + O … 1.5 530W 256N Micro Focus Intl 530V + W 3.3 -5.6
5V 3N Proteome Sciesv 4N + N … …
3462 1145 Future 1530 + 20 0.1 26.3 62V 34Y Tullow Oil 39 … … 3.9 450 350 Science Groupv 390 + 5 1.0 17.9
28K 3O Eurasia Miningv 3O – N … … 73K 45 MTI Wirelessv 51 … 3.5 16.9
6808 5450 Reckitt Benck 5834 – 148 2.9 …
V … UK Oil & Gasv … … … -2.0 188N 121V Serco Gp 151X – 1 1.4 6.2
1425 930 GlobalDatav 1362K – 2K 1.3 67.4
67 31W RUA Life Sciencesv 48 … … -4.6 3K Y Europa Oil&Gasv 1N … … 11.3 55O 17 Nanoco Gp 37X + 3 … …
460 135 URU Metalsv# 150 … … 4.8 57K 27K Smiths News‡ 55 + V 0.9 5.3
115 46O Hyve Group 71 – 3K … … 104K 52 Netcallv‡ 104K + 2 0.3 …
295 70 Sareum Hldgsv 105 + 10 … … 310K 97K Ferrexpo 172K – 1 8.3 1.3
1Y V Vast Resv V … … … 4150 2452 Smurfit Kappa 3465 – 3 2.8 15.8
267 46K IG Design Grpv 145 – 3 5.9 21.2 62K 43 Northamberv‡ 43 … 2.3 …
1337 984K Smith & Neph 1133K – 6K 2.4 25.7 967W 622W Fresnillo 941O + 3O 2.5 22.3
5K 3O Victoria Oil&Gasv# 3O … … -1.8 64W 33N Staffline Gpv 34Y + V … 26.8
660 495 Informa 660 + 2W … … 45K 10N Online Blockchainv 21Y – 3O … …
249K 206 Spire Hcare 239 – 1 … … … … G3 Exploration# 28 … … -2.6
491 317K SThree 399K + 1K 2.0 12.9
123X 55V ITV 77K – 1K … 8.3 4O 2V W Resourcesv# 2X … … -0.3 117K 76K Oxford Metricsv‡ 102 – 3 1.7 44.3
209 12N Synairgenv 13N – V … -0.5
41K 25 Galantas Goldv 29K + K … -5.0 137K 90 Synecticsv 122K … … …
8V 2V Westmount Engyv 2O … … -0.6 9 6 Parityv 6K … … -9.4
X N Tissue Regenixv X … … -8.5 11K 7N Jaywingv 8 … … …
8V 3N GCM Resourcesv 4X … … -3.8 34K 21X Thruvision Groupv 22 … … -8.0
251X 104K Wood Grp (J) 148N – 5V … -6.1 40 29 Pennant Intlv 30K … … …
47K 27O Totallyv 35N – K 1.4 55.9 12N 2K Live Company Gpv 2O … … -0.5
72Y 28K Gem Diamonds 33 … 5.5 3.4 100K 39 Tribalv 51K – 1 2.3 16.0 730K 390O Playtech 535 + K … 5.6
455 292 Tristelv‡ 370 – 5 1.7 76.2 … … Mediazestv … … … -5.8 8 1X Woodboisv 1X … … 6.2
32Y 12X Getechv 12Y – N … -3.0 102K 49 Vianetv 74K … … … 394V 250V QinetiQ‡ 344V … 3.2 26.8
34N 10V ValiRxv 11 – K … … 47K 32 Merit Grpv 32 … … -9.5 7 1O Xtract Resourcesv 1O … … -3.1
576K 383 Glencore 576K + 23X 1.5 21.1 980 660 Vp 696 + 1 3.5 17.1 195 20K RM 63 + 2 7.4 12.6
74 25 Miradav 25 … … -1.1 7X 4 Zephyr Energyv 6 – N … -7.7
Industrials 3W 1 Westminsterv 2 … … -2.4 817V 595K Sage Gp‡ 775O + 15W 2.2 29.7
Y N Global Petrolv N … … -4.3
70 42 Mission Groupv 54 – 1K 4.3 9.1
Professional &
10W 5N Seeing Machinesv 6O … … …
124340 1004O Gold Fields 1004O – 4 2.5 15.4
Leisure
21 14 Leeds Groupv 14 … … -2.2 354 175V Essentra 213 + K 2.4 23.9 28O 17K Pendragon 19K … … 6.0
K … Mobile Streamsv … … … -1.7
6W 1Y Lexington Goldv 5W – V … … 3200 2285 Experian‡ 3049 + 88 1.1 39.1 434W 257O Pets at Home 334K … 2.3 13.6
1 W ADM Energyv X … … … 2N X Mobile Tornadov 1O … … …
20K 2N MC Miningv 19K … … -4.0 12800 8680 Ferguson‡ 11295 – 55 1.5 16.6 320 72Y Saga 149 – N … …
285V 82 888 Hldgs 95K + 2N 11.5 7.0 5N … Advance Energyv# V … … -0.1 2500 1322 Telecom Plus 2040 + 5 2.7 52.3
1X O Metals Explornv 1K … … 2.6 250 215 FIH Groupv 250 + 8 … … 299 169Y Sainsbury J 242K – 1O 4.3 20.3
850 542 Accesso Techv 814 – 10 … 21.4 139K 83X Vodafone Gp‡ 90X – 1W 8.5 …
43N 17O AFC Energyv 22O + 1K … …
148 53K Gattacav 68K … 2.1 … 1708K 1132K Smith WH‡ 1570 – 47 … …
612 370 Best of the Bestv 410 … 1.2 4.5 X V Nostra Terrav N … … -1.5
… … Afentra PLC … … … …
1588V 501W Carnival 760 – 12V … -1.2
N … Alba Mineral Resv V … … -2.6
8V 2 Nostrum O&G 2Y … … …
7X 5N Grafeniav 7X + K … -5.6 30O 14N Sosandarv 20O … … …
Transport
610 317 Hargeaves Servv 444 + 12K 1.6 4.6 2K 1N Stanley Gbbnsv 1K … … -1.6
140 98K Celticv 111K … … 11.0 … … Oil Search 218Y – 5W 0.1 60.3
1 W Alien Metalsv K … … …
44W 1Y Cineworld 3K … … -0.1 1198 608K Homeserve 1198 + 1 2.1 … 168K 103 Studio Retail# 115 – 2K … 2.4 340 220 Braemar Ship 317K – 1K 1.5 10.5
121K 69N Alumina 96V + 2O 4.8 20.0 N V Oilexv# V … … -3.7
436O 215V Domino's Pizza 301K – W 4.0 15.3 735 413 Impellam Grpv‡ 670 … … 36.6 156 69K Ted Baker 109O … … … 727W 285 easyJet 440N + 4W … -2.7
1N X Aminex 1 … … -6.0 W … Oriole Resourcesv V … … -1.7
1728 1075K Entain 1445K – 1K … 32.3 39N 4 Ince Gv# 5V + V … 2.9 303W 199V Tesco 247O … 3.6 12.6 14W 4K Esken Limited 5N … … -0.2
3Y X Amur Mins Corpv O – V … … 1 K Ormonde Miningv Y … … -3.6
12465 7614 Flutter Ent 12130 – 110 … … 64V 38 Topps Tiles‡ 49 + 1V … 8.8 139K 88K FirstGroup 108X + Y … 25.8
5424 3619 Intertek 4356 – 23 2.4 24.4
1234066 6646K Anglo Amer Plat 6646K + 63 7.3 4.7 17V 5O Orosur Miningv 8Y … … … 510 251 Fisher (James) 396K + 1K … -7.1
36W 22 Gaming Realmsv 26K – X … … 299 115W IWG 185N – 1O … -7.0
290 290 Heavitreev 290 … … 17.4 4170K 2547K Ang Am 3672K + 83K 4.8 7.2 24 16 Pan African Resv 17Y … 4.6 5.8
162 77 Johnson Srvcev 101W + 3Y … 63.3 Technology 178N 93X Intl Cons Air 161 + 4 … -3.5
120K 64 Anglo Asian Mngv 106K + K 5.4 9.2 149K 40W Pantheon Resv 47X + 1 … … 526V 183V Int Distrib Serv 221W – 2 4.5 2.5
200 140 Heavitree Av 140 … … 8.4
138 99 Journeov 125K + 4 … 28.1
152K 62K Access Intellv 73K … … … 389 262N Irish Cont Uts 368 … … …
145 145 Hermes Pacificv 145 … … … 1799K 991K Antofagasta 1799K + 58 2.9 18.6 79 36 Parkmead Grpv 52W – O … -4.5
109K 56K Kier Gp 66 + 1W … 6.4
1423 667O Jet2v‡ 1075 + 27 … -5.7
5580 4193 Intercont Htls 5580 + 120 … 52.2 5N 2K Arc Mineralsv 3O … … 2.7 X W Pathfinder Minsv W … … -3.1 158K 81K Aferian plcv 100 – K 2.9 17.9
1400 1080 Latham (J)v‡ 1275 … 1.6 6.9
284V 127 Natl Express 139Y … … -8.3
1N Y Minoan Gpv 1 … … -7.0 4O 2K Ariana Resv 3V … … 4.2 198 137 Alfa Financial 175 + 5 0.5 27.3
134 71 Petra Diamonds 91K – 1 … 3.0 1080 695 Lok'n Storev 990 + 20 1.5 30.0 1050 820 Ocean Wilson 930 – 10 8.6 4.7
266O 102 Mitch & Butlers 167K + Y … … O W Arkle Resourcesv K … … -1.8 22K 8N Allied Minds 13O + 3V … -1.2
4 1N Petrel Resourcesv 1N … … -6.8 3850 2300 Lon Securityv 3050 + 200 2.6 16.8 106V 75W Stagecoach 104X … … 14.7
312 92K On The Beach 185 + 8 … -9.7 5N 1W Armadale Capv 1X – V … … 556 290 Aptitude Software 323 + 2 1.6 36.2
5W 1X Petro Matadv 4Y … … … 440 220 LSL Prop Services 269 + 2 … 7.4 24K 19K Sutton Harbourv 22 … … …
1600 1100 PPHE Hotels 1125 – 5 … -9.1 721 465 Avast 716K – 3K 1.6 28.5
2Y Y Asiamet Rsrcsv 1K … … …
157Y 70 Petrofac 82X – 4N … -2.1 135 86 Macfarlane 105 – 2K 2.5 12.1 424 282 Wincanton 303 – 6K 3.4 8.2
168 52W Rank Grp 86 + 2V … 11.6 3220 1924 Aveva Gp 3219 … 1.2 …
448 188 Atalaya Minev 371 + 1 7.8 4.6 4867 1357K Wizz Air Hldgs 2712 – 65 … -6.1
3K N Petroneft Resv K … … -1.5 385 147K Maintel Hldgsv 147K + 2K … 4.5
106W 26X Restaurant Gp 36W – 1W … -6.8 215 126K Bangov 215 + 6 … …
N … Baron Oilv V … … …
17Y Y Petropavlovsk# 1V – V … 1.6 3300 8N Malvern Intlv 14K + N … …
Utilities
39K 21K Rotalav 39K + K … … 79 21 BATM Adv Coms 29Y … 2.4 12.5
17K 3K Beowulf Miningv 4 … … …
40 15K Sportechv 20 … … … 7K 3K Phoenix Globalv 6K + N … -1.6 224 182 Mears Group 205 … 1.2 17.8
34 11K Berkeley Res 18N + O … -7.7
V … Bezant Resv … … … -1.5
303V 184O SSP Group 257Y + 3 … -5.0 9 1X Plexus Holdingsv 1O … … -0.4 608 278K Menzies (John) 607 – 1 … 48.0
27K 11K Blackbirdv 13 – N … … 97O 67N Centrica 97O + X … 9.8
3019 2034 BHP Group 2804K + 29 … 12.2
6N 3N Tastyv 3K … … 4.7 1247 92 Polymetal Intl 350 + 26 27.8 … 81K 46W Mitie Gp‡ 81K – 1X … 40.8
1O O CloudCoCo Groupv O … … -2.0 258 178 ContourGlobal 251 + K 5.1 28.3
6Y K Border & Sthn Petv 2O … … … 13O 3O MobilityOnev 9N + O … 6.8
305 65 Tintrav 170 – 7K … -3.0 740 499 Porvair 622 + 8 0.8 23.9 2978 1810 Computacenter 2018 – 24 2.7 12.5 831K 473W Drax Group 645 – 4K 2.7 47.7
294V 105W TUI 190W + 6Y … -1.9 50O 14O Bougainville 17O – 1W … … 41 25 Newmark Secv 35K + 1 … -8.8
16 3W Prospex Energyv 14K + K … … 96 65K Concurrent Techv 79 – K 3.2 18.7 620 484 Jersey Electricity 499 … 3.3 9.4
3X 1V Webis Holdingsv 1Y … … … 4O 1K BowLevenv 1K … … -1.9 8 3K Norm Broadbentv 3K … … -6.6
19 8K Proton Motor Power Sv 12 – W … -2.2 14K 8K Corerov 8K … … … 1245K 858W Natl Grid 1032K – 5 4.7 24.0
931K 389O Wetherspoon JD 473W + 1O … -4.4 501O 348V BP 486V + 1K 3.2 17.6 64K 43K Northern Bearv 43K … … 4.4
2385 1340 Cranewarev 1920 + 30 1.4 87.5 11N 5X OPG Powerv 6V + N … 3.9
4 1O Providence Resv 3N … … 29.0
3243 2285 Whitbread 2978 – 50 … … 29Y 8O Cadence Minv 16K + K … 1.6 286 193 NWF Grpv 230 – 1 3.1 …
2O 1O Crimson Tidev 2K … … 16.6 1117 755 Pennon 917K – 4K 3.5 66.4
2O 1 Quadrise Fuels Intlv 1K … … -5.9
1585 870 Young & Co - Av 1170 – 26 … … 3K 1X Cadogan Petrol 1O – K … 24.3 621 362V PageGroup 453W + 9W 1.0 12.2 X W Rurelecv K … … -0.4
21N 11N CyanConn Hldgsv 17K … … …
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890 564 Young & Co - N/Vv 639 – 1 … … 1250 825 Caledonia Miningv‡ 1190 – 20 2.8 11.6 3211 2213 Severn Trent 2743 – 28 3.7 …
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…
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7293K 5007X Rio Tinto Ltd 6900N + 74X 7.2 7.2
125K 74W Centamin 116O … 4.4 18.1 4V Y PowerHouse Egyv 1 … … -1.9 1N N EQTECv N … … -3.2
K V 7digital Gpv N … … -2.2
6225 4486 Rio Tinto 6204 + 56 8.1 6.4 uAIM company; # Price at suspension;
284 200K Cent Asia Metalsv 281 + 5K 5.7 8.2
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95W 61 Record 95W + 2 2.4 26.2 1200 599 FDM Group 791 – 9 5.4 27.4 † Ex dividend; ‡ Ex scrip; s Ex rights issue;
19X 9W Chaarat Goldv# 10Y … … … 41V 29O San Leon Energyv 35 – 1N … 13.1
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36 20K Altitude Groupv 35 … … … 16O 9 Filtronicv 12K – V … 33.7 or report awaited; . . . No significant data.
23Y 8 Chariot Oil & Gasv 18X + X … … Y V Scirocco Energyv V … … …
803 555 Renew Hldgsv 726 – 4 1.8 17.9 Companies in bold are constituents of the
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FTSE 100 Index. Investment Cos sector Nav
10V 2K China Nonferr Goldv 3N … … … 60K 22K Serabi Goldv 38K + 1K … 5.2
381W 176V Ascential 203O – 4W … … 851 489 Renewi 647 – 4 … 13.6 693 313V GB Groupv 356 – 3V 1.8 27.1 Dis or Prm supplied by Morningstar.
X … Clontarf Energyv … … … -1.4 450 229K Serica Energyv 271K – 4K 1.2 … 562O 444K Rentokil Itl 516O – 3 1.4 36.6 183 136 GreshamTech 180 … 0.4 …
706 486V Auto Trader‡ 566O + 7V 0.8 27.9 Data as shown is
492 328 Bloomsbury Pub 455K – 1 1.9 18.7 35O 15N Condor Gldv 17X – V … … 12K 6O Shanta Goldv 11V – N 0.9 7.0 494 302 Restorev 302 – 4 0.8 35.9 172K 24N Ilikav 42 – 6 … … for information
purposes only. No offer is made by
10W 3N Bonhill Groupv 7O … … … 2 V Corcelv N … … -0.2 2526K 1747V Shell 2403K – 15K 2.5 12.6 517 331K Ricardo 515 – 3 1.3 45.9 132K 77K Ingentav 116 – K 1.2 67.8
Morningstar or this publication
the times | Thursday January 19 2023 49
Register
Ukraine’s interior minister
and ally of President Zelensky
Denys Monastyrskiy
Page 50
Obituaries
Register
Denys Monastyrskiy
Ukraine’s interior minister who worked on Zelensky’s presidential bid and was thrust into the spotlight after Russia invaded
RAJ VALLEY/ALAMY
A week after Russia invaded Ukraine exploded. They remain under the rubble tackling the growing black market in
on February 24 last year, Denys Mo- and pose a real threat,” he said. “It will counterfeit Covid-19 vaccination certif-
nastyrskiy visited the Byzantine cathe- take years, not months, to defuse them.” icates. Towards the end of 2021, as
dral of St Sophia, which has stood He also described how Russian neighbouring Belarus sent thousands
beside the Dnieper river in Kyiv for troops were targeting the homes of of migrants west to the Polish border,
more than 1,000 tempestuous years. Ukrainian government employees, he ordered the deployment of 8,500
Amid the mosaics, frescoes and golden hiding explosive booby traps in their troops and police officers to his coun-
cupolas, the heads of the Orthodox, vehicles, houses and even inside their try’s northern border to deter migrants
Roman Catholic and Protestant washing machines. “Wherever the from entering.
churches, as well as the leaders of the occupiers stayed overnight, they would Soon his attention was focused on
Jewish and Muslim communities, took set up trip wires, both at the doorstep preparing for the Russian attack,
turns to recite prayers for peace. and by the fences,” he told Ukrainian though like Zelensky he played down
Wearing a bulletproof vest, he was television. “Our people are now also its imminence. “Keep calm. Don’t pan-
accompanied by a bodyguard carrying finding explosives in houses and apart- ic. This is not 2014,” he said in a video
an assault rifle. In one extraordinary ments where Ukrainian police officers, address ten days before the invasion,
vignette Bishop Vitaliy Kryvytskyi, rescuers and military servicemen live.” referring to when Russia annexed Cri-
head of the Roman Catholic diocese of Two months ago, when investigators mea and pro-Russian separatists began
Kyiv-Zhytomyr, stepped forward, uncovered 63 bodies bearing signs of claiming control of eastern Ukraine.
placed his right hand flat on the chest of torture in the newly liberated southern “Ukraine has become stronger and bet-
Monastyrskiy’s body armour and, with Kherson region, Monastyrskiy said ter organised.” Two days later, dressed
eyes closed, prayed for the Ukrainian that this was only the beginning of his in combat fatigues, he was visiting
interior minister. mission to expose Russian brutality Monastyrskiy last April and, below, with President Zelensky two months later troops in the occupied eastern Donetsk
Monastyrskiy had been in the post during the war. “We must understand region when the area came under a
for only seven months. However, he that the search has only just started — 95, Zelensky’s TV production company. July 2021 amid rumours that Zelensky “surprise mortar barrage” and he was
had long been a close associate of Presi- so many more dungeons and burial A couple of years later he joined the was planning to dismiss him. The forced to scramble for cover along with
dent Zelensky, and in 2019 had been places will be uncovered,” he said. Ukrainian offices of Global Ties KC, an Ukrainian president nominated Mo- his entourage and reporters.
elected to parliament as a representa- Denys Anatoliiovych Monastyrskiy American law firm. He was, meanwhile, nastyrskiy to replace him. Monastyrskiy was remembered by
tive of Zelensky’s Servant of the People was born in Khmelnytsky, in the west of building a public profile as the co- “When I was offered to head the min- one colleague as “a very bright, smiley,
party, at the same time that Zelensky Ukraine, in 1980 and studied law at the founder of a youth cultural association. istry of internal affairs, this proposal was friendly, patriotic person”. He was killed
won the presidency. city’s University of Management and When Zelensky, a stand-up comedi- made by the president personally,” along with Yevhen Yenin, his deputy,
Within a month of the invasion, Law. He continued his stud- an and actor with little experience of Monastyrskiy confirmed in an inter- and Yurii Lubkovich, the state secre-
Monastyrskiy could be ies at the Koretsky Insti- politics, stood for president in 2019, view. Yet he said his decision to accept tary, when the helicopter they were
found on both the political tute of State and Law, Monastyrskiy was part of his team the post had not been easy. “I can say travelling in — which was headed for a
and military front lines, part of the working on law enforcement reforms. that I made the most difficult decision in war “hotspot”, according to the deputy
giving regular updates National Aca- However, after the election Zelensky my life, to answer yes to the president’s head of Ukraine’s presidential office —
about missile strikes demy of Scien- retained as interior minister Arsen proposal,” he said, stressing that he was crashed close to a nursery in the Brova-
across the country ces of Ukraine, Avakov, who had been in office since making a sacrifice “as a person and as a ry suburb in the east of Kyiv. There were
and issuing grave where he com- 2014 but was viewed with suspicion by politician”. He also had to contend with 14 casualties, including one child.
warnings about the p
pleted his PhD. some, with criticism surrounding his allegations of nepotism because his His death made him the most senior
legacy of unex- By 2007 he was links to Ukrainian nationalist groups wife, Zhanna Monastyrska, is a lawyer Ukrainian official to have died since the
ploded ordnance. a lawyer at Hill- and to corruption scandals. at the State Investigation Bureau. She start of the war.
“A huge number off mont Partners, Monastyrskiy was instead tasked survives him with their two sons.
shells and mines an Anglo- with taking charge of the law enforce- In his early days in office Monastyr- Denys Monastyrskiy, interior minister of
have been fired att Ukrainian legal ment committee. Avakov, who was skiy’s time was occupied by domestic Ukraine, was born on June 12, 1980. He
Ukraine, and a firm that repre- blamed for blocking the president’s at- matters similar to those facing his was killed in a helicopter crash on
large part haven’tt sented Kvartal tempts to tackle corruption, resigned in European counterparts, including January 18, 2023, aged 42
Jeremy Bullmore
Influential advertising executive who rose from copywriter to chairman of J Walter Thompson’s London branch
KEITH MCMILLAN/CAMPAIGN ARCHIVE AT HISTORY OF ADVERTISING TRUST
With a sharp wit and self-confdence he insisted that writers, too often clos- would have been the crowning glory of
that inspired rather than intimidated, eted inside the agency, spent some time a successful career but to Bullmore,
Jeremy Bullmore was one of the driving in the “real world”. Accordingly, those who enjoyed the creative process and
forces behind London’s rise as a world working on beer accounts would serve working with people to achieve that
centre of creative advertising in the a spell behind a bar, while those on end, the move was not an entirely
1960s and 1970s. retail accounts manned the tills. happy one, spending more time in
During his 33-year tenure at the Conducting consumer research and client meetings than on the “shop floor”.
London branch of the US advertising matching the results to the needs of the His wisdom on advertising was still in
agency J Walter Thompson (JWT), he clients might be standard practice now, demand with clients, though, who were
rose from copywriter to chairman. but it was seen as revolutionary then. flattered when Bullmore presented the
More than anyone, Bullmore under- When there was little to differentiate agency’s thinking on their brand to
stood that it was not what you put into between rival products, he urged writ- them directly. He continued to intro-
an ad that made it a success, but rather ers to identify the emotional trigger in a duce a gentlemanly air into the pro-
what the consumer took out. Until his product that would make it a more ceedings at a time when London’s
arrival on London’s burgeoning adver- desirable purchase in the eyes of the advertising scene underwent an often
tising scene in the mid-1950s the indus- consumer than its rival. He was also one uncomfortable transition from creative
try tended to be inward-looking, with of the first admen to understand the village into the competitive business of
writers existing in a creative bubble. importance of building brands; to be the 1980s.
The change towards a more open out- successful, an ad had to have a long- Between 1981 and 1987 he divided his
look was in part down to Bullmore. Bullmore in the 1970s. He led campaigns for brands including Oxo and Guinness lasting idea and preferably one that time between his roles as chairman of
John Jeremy David Bullmore was drew on real-life characters. JWT and of the industry lobbying
born in 1929, the son of Adeline (née might have followed into light enter- er, who survives him with their three In the 11 years he led the creative group, the Advertising Association. In
Roscoe) and Francis Bullmore, who tainment had it not been for a chance children: Edward, a professor of psychi- department before becoming chairman 1988 he became a non-executive direct-
separated when he was four. His father encounter. After a performance of one atry at the University of Cambridge; in 1976, JWT enjoyed its golden age, pro- or of the Guardian Media Group and
first ran a small advertising agency that of Bullmore’s revues, a senior JWT Adam, the managing director of Octo- ducing some of the most memorable the media and advertising group WPP,
folded, and then later worked for MI6. executive asked him to join the agency ber Films; and Amelia, an actress. advertising and creating household the owners of JWT. His memoir, Behind
Jeremy was educated at Harrow. Called as a trainee copywriter in 1954. Bullmore’s entry into advertising names in the process. These included, the Scenes in Advertising, was first pub-
up in 1950 for his National Service, he Even from the outset, Basil Clarke, came at a time of rapid expansion; among others, the Oxo family, Mr lished in 1991. In 1985 he was appointed
served in a tank regiment. While on an the company psychologist, spotted his powered by the growth of television as a Kipling’s cakes, Kit Kat’s “Have a Break” CBE for his services to advertising.
exercise in Germany he failed to read talents. Clarke wrote in his report after medium and the long-awaited postwar campaign, the Andrex puppy and the One former client recalled how be-
correctly the symbols on his map and Bullmore took the mandatory psycho- consumer boom, London began to long-running Guinness campaigns. The hind the unflappable façade, Bullmore’s
inadvertently led his troop of tanks into metric test for employees: “He has a eclipse America in terms of creativity. stout account, the most prized in adver- mind continued to produce original
a bog. After much winching and towing great deal to recommend him. He has a Although Bullmore quickly estab- tising, was wrested from SH Benson in and incisive ideas. “Like a swan on the
the tanks were retrieved from what sharp, though not snarling, sense of lished a reputation as a copywriter, his 1969 and was to stay with JWT until surface all was composed, but beneath
could have been a marshy grave and humour, keenness, an independent real talent lay in identifying the crucial 1982, when it was moved to another the water the legs were whirring.”
Bullmore was saved from a certain critical sense and a personable manner. stages that led up to the moment the agency without notice or explanation.
dressing-down by his superiors. He seems to be potentially a very good copywriter and artist sat down to He also sought talent from outside Jeremy Bullmore CBE, advertising
On leaving the army in 1950 he went recruit.” The report did note one defect, conceive an ad. In an industry that was the industry, bringing in writers and executive, was born on November 21,
up to Christ Church, Oxford. There he however — a “functional blindness to still formulaic, Bullmore was deter- actors such as Bill Oddie and Graeme 1929. He died on January 4, 2023, aged 93
spent much of his time contributing to ‘technical-looking things’”. mined to rewrite the rule book. Garden, both later of Goodies fame, to
undergraduate revues with his chief In 1958 Bullmore married Pamela When in 1964 he was appointed to bring a product alive with witty scripts.
collaborator Ned Sherrin, whom he Roscow, a landscape gardener and writ- run the agency’s creative department, For many, being made chairman Email: obituaries@thetimes.co.uk
the times | Thursday January 19 2023 51
Register
020 7782 7553
We have been
in crisis mode
for too long
Lord Justice Edis tells Frances Gibb about his
plans to tackle the court backlog and trial delays
One of the most senior judges in fees. Edis declines to comment on fees
England and Wales has added his voice for either — “it is not for judges to say”
to concerns over the state of the — other than saying that he is “delight-
criminal justice system, warning that it ed” that the dispute, during which crim-
is in “crisis mode”. inal law barristers formed picket lines,
Lord Justice Edis, the senior presid- has been settled.
ing judge, says that in the past three But in his role as senior presiding
years the system has been struggling to judge Edis is leading an assault on
bring cases to trial because it is beset backlogs and trial delays. From this
with a succession of problems. week judges have been told to imple-
“First there are not enough court- ment a “change in culture” to end
rooms, then there are not enough thousands of wasted or “ineffective”
judges, then when we’ve got the judges hearings. He is leading a working group
there aren’t enough advocates to do the drawn from the main criminal justice Lord Justice Edis’s comments come after years of chaos in the justice system, including last year’s barrister strikes, left
cases,” he tells The Times. “Since the agencies, which launched a practice
pandemic, we have been in crisis mode direction on Monday to remove the defending for the first half, mostly in became deputy senior presiding judge crown court and will take 50 cases a
and we need to get away from that and “blockers” at pre-trial hearings, Liverpool and Manchester; then from before being promoted. Edis is a year including jury trials. Extra deputy
move towards normality.” enabling cases to proceed. This should 2008 to 2014 he was senior treasury founder member of the Liverpool Bar High Court judges are being trained to
Edis, who is hotlyy tipped to ma
result in many more early counsel at the Old Bailey, prosecuting Cricket Club and lives in south London; do likewise and listing practice is being
be the next lord chiefief jus- plea
guilty pleas. and appearing in crime-related cases he is married with three children. improved.
rnett
tice when Lord Burnett 6
The 65-year-old judge for the government. His well-known In his present role, Edis is the only As to why lawyers are not applying
of Maldon steps ps has seen the system cases include defending in the “lady in judge other than the lord chief justice for judicial posts, Edis says: “I don’t
down in September, r, dete
deteriorate since his the lake trial” in 2005 and prosecuting responsible for the judiciary across the think it is all about money. Some people
was speaking pub- day as a practising
days Chris Huhne MP and his former wife, jurisdictions of civil, family and crime. don’t want to give up the freedoms you
licly for the first cr
criminal barrister. Vicky Pryce, for perverting the course have as an individual practition-
time since being
appointed to his
T
There
in
ing
were staff-
problems
of justice over a 2003 speeding case. In
2013 Edis was the lead prosecutor in the
The state of court er.” Conditions are also worse than
before: “The state of the buildings are
key judicial post b
before the pan- News of the World phone-hacking trial. buildings mean people such that people don’t want to spend
last October.
His comments
de
demic,
m
made
but that
matters
Edis grew up in Liverpool, the son of
a GP father and physiotherapist don’t want to work there the rest of their lives working in them.”
But given such difficulties, morale is
coincide with wo
worse. Edis careful- mother, but was not tempted into medi- “surprisingly high”.
warnings from thee ly avoids
ly av stepping in- cine. “My father thought law a good de- He is responsible for tackling produc- In the next 12 months Edis says he
cia-
Criminal Bar Associa- to political
to po waters by cision.” He went to Liverpool College, tivity, deployment and personnel. hopes to bring an attitude that will end
tion that the system em is urging ministers to pro- then to University College, Oxford, Backlogs and trial delays are the big the culture of adjournments, led by
“about to crack”, with a vide more funding, but he where he switched to law from Classics. challenge in the face of staff shortages. judges and with cross-agency support,
record number of trials being m
says: “In the medium and long “I had thought I’d quite like to be a pro- Of the 60 circuit judges sought at the and mean lawyers have “confidence
aborted at the last minute because of a term funding of the criminal justice
term, fessor of Roman poetry.” His favourite last recruitment round, 18 posts were that the facilities will be there to enable
shortage of barristers to prosecute system across the piece needs to be Roman poet is Virgil. left vacant. To cope, recorders are being them to do their jobs better”.
them. Fees for prosecutors lag about 20 addressed. All the agencies which con- Called to the Bar in 1980, Edis was enlisted, but that in turn exacerbates The latest figures show a small re-
per cent behind those of defence tribute to it are starved of resources — appointed Queen’s Counsel in 1997, the shortage of advocates. District duction in the trial backlog. Edis is cau-
barristers since ministers agreed last and that includes staff, not just money.” became a High Court judge in 2014 and judges from magistrates’ courts are tious, but the move, he says, “is in the
year to a 15 per cent rise to the latter’s Edis spent 17 years as a silk, mainly an appeal judge in 2021. That year he being deployed for the first time in the right direction”.
P
eers on the House of Lords Obvious examples are the two bills by the committee. merely by running the justice roles of the lord chancellor and law
constitution committee introduced in parliament to alter the The committee’s report examines system effectively and ensuring officers might be contemplated,
published a report into operation of the Northern Ireland the concept of the rule of law and judicial independence; the lord appointing those with the correct
the roles of the lord protocol: the United Kingdom finds that, while it is difficult to chancellor has a wider role in character, authority, intellect and
chancellor and the law Internal Market Bill and the define, its fundamental tenets, ensuring that the rule of law is independence is the best way to
officers yesterday. It examines the Northern Ireland Protocol Bill. as set out by Lord Bingham, are defended and understood by the ensure that they are able to defend it.
development of the roles of those The government was candid well understood. government as a whole.
legal ministers since the reforms about the lawfulness of the earlier The government should always To assist this, we recommend that Baroness Drake is a Labour peer and the
of the mid-2000s, particularly in bill with Brandon Lewis, the strive to operate within the rule of the lord chancellor is normally a chairwoman of the House of Lords
light of perceived recent challenges secretary of state for Northern law, whether that means adhering lawyer, commanding the respect constitution committee
to the rule of law. Ireland at the time, acknowledging to international obligations or of the legal community and
The lord chancellor and the law that it would breach the UK’s seeking sufficient assurance that parliament. We also conclude that Times Law
officers have a duty to uphold the international obligations in a its proposed actions are lawful. the law officers, the only members
rule of law and ensure that it is “specific and limited way”. Therefore, it is critical that all of the government who are Editor Jonathan Ames
respected in government. In the The committee has previously ministers consider the rule of law necessarily legally qualified, have 020 7782 5405 jonathan.ames@thetimes.co.uk
lord chancellor’s case this duty, found the government’s reliance to have primacy over political a wider role in defending the rule Advertising and marketing
including a responsibility to uphold on the “doctrine of necessity” to expediency. This applies to a greater of law, which goes beyond their For print and online: Jeanine Kiala
the independence of the judiciary, justify the latter bill unconvincing. degree to the lord chancellor and core functions of providing legal 020 7782 7518 jeanine.kiala@news.co.uk
the times | Thursday January 19 2023 53
Headline
In conversation
here xyx
Law
Quinn
Xxy xyxEmanuel’s
yx yx yx
xyx
senior
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partneryxonyx
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thetimes.co.uk
Dirty tactics
Lawyer of the week Lucy Organ Caoilfhionn Gallagher KC has had
her fair share of threats of violence
Lucy Organ, a tenant at 6KBW was simple; foreign exchange trading the first female president of the What are the best and worst over her role as part of the team
College Hill chambers, prosecuted was extremely high risk and Rufus Supreme Court. elements of being a lawyer? There representing Jimmy Lai, the press
the former Charlton Athletic football was saying it was low risk. is nothing like it when you are on baron and democracy activist
player Richard Rufus, who was found What is the best advice your feet and it feels like everything facing trial in Hong Kong. Now
guilty of defrauding friends, family What is the best h
you have received? is going right. The worst element is the Doughty Street barrister has
and associates out of £8 million in a decision you have Rem
Remain calm and say the quantity of work because disclosed that colleagues received
pyramid scheme, and of money taken as a lawyer? as little as possible. preparation is key. a fake email claiming to be sent by
laundering. Rufus was sentenced to To get on a plane. Gallagher. It said she had resigned
seven and a half years in prison. I practised in the W
What is the What law would you enact? Better because she realised that her work
Cayman Islands fu
funniest thing that financial assistance with childcare meant that she was an enemy of
What were the biggest hurdles you for five years — h happened in
has from the end of parental leave. the Chinese state and her presence
had to overcome in this case? this gave me yo job? I was
your in chambers put everyone at risk.
Richard Rufus was promising confidence and sw
swearing a jury What is your favourite book? Commenting on the sophistication
huge profits trading on the foreign experience; I was led and one of the I have just read Lessons in Chemistry of the fake email, Gallagher joked
exchange markets. I had hundreds by many great silks. Itt pote
potential jurors popped by Bonnie Garmus. It is about a that the sender had even spelt her
of pages of expert reports on foreign was wonderful to live in up and started waving woman who will not allow men first name, which is pronounced
exchange trading with intimidating sunnier climes. I madee at me and shouting, “Hi, to diminish her. It is funny and key-len, correctly.
diagrams. I was concerned how usband.
friends and met my husband. Miss Lucy, how
Miss ho are you?” He sad and brilliantly entertaining. n Subscribers can register for
digestible it would be for the jury. was another client of mine. That The Brief, our newsletter. This
But the material could be broken Who do you most admire in the did, unfortunately, disqualify him Linda Tsang week: it’s a dog’s life at the
down significantly because the issue law? Baroness Hale of Richmond, from sitting. l_tsang@hotmail.com “magic circle” Slaughter and May
556 Thursday January 19 2023 | the times
Weather
Today Sleet and snow showers in northern and central Britain, mostly dry elsewhere. Max 7C (45F), min -8C (18F) Weather Eye
Paul Simons
Around Britain Five days ahead Wind speed Sea state Orkney
ney Shetland
Sh
Key: b=bright, c=cloud, d=drizzle, pc=partly cloudy Frosty and wintry for 34 Calm
du=dull, f=fair, fg=fog, h=hail, m=mist, r=rain, (mph) 26 4
sh=showers, sl=sleet, sn=snow, s=sun, t=thunder much of the British Isles, Slight 19
*=previous day **=data not available then turning milder and Temperature Moderate
I
Dry and sunny elsewhere.
Barnstaple 6
3
C
B
5.2
0.2
**
**
warnings in Wales and no flood alerts Aberdeen
C F t has been icy cold this week,
Bedford Max 6C, min -6C 35 95
Belfast 1 C 8.2 2.8
or warnings in Scotland.
30 86
with snow in places, but if it’s
For further information and updates
Birmingham 3 S 0.2 **
in England visit flood-warning- 25 77 any comfort conditions were far
Bournemouth 2 C 0.0 0.0 1 NORTH worse 60 years ago. On this day
5 S 0.0 **
information.service.gov.uk, for Wales 20 68
Bridlington
naturalresources.wales/flooding and SEA 15 59 in 1963 a two-day blizzard
Bristol 4 PC 0.0 1.1
Camborne 7 C 0.4 ** for Scotland SEPA.org.uk 4 10 50
began that virtually cut off Scotland
4 Edinburgh
Cardiff 3 C 3.8 0.0
4
18 Glasgow 5 41
from England. The day before, a
Edinburgh 3 PC 0.0 2.4 0 32
Eskdalemuir 2 C 0.2 **
2 30 -5 23 temperature of minus 22.2C had
Glasgow 4 PC 0.0 0.4
6
-10 14 been recorded at Braemar in the
Hereford 4 PC 0.2 **
Herstmonceux 3 S 0.2 2.4 ATLANTIC Londonderry -15 5 Highlands, the coldest of the long
Ipswich 1 S 0.2 **
Newcastle freeze that winter.
OCEAN Carlisle
Isle of Man 5 PC 1.0 2.4
Saturday Belfast It was not just the north that
Isle of Wight 3 S 0.2 ** 2
Jersey 7 PC 1.0 0.0 Bright spells and showery rain in 4 2 suffered. The southeast of England
Ireland and western Scotland through 4
Keswick 5 PC 0.0 ** the morning. Dry with lengthy spells Yorkk was also badly hit by blizzards and
Kinloss 3 C 8.8 1.8 of sunshine across England and Wales. abandoned vehicles were strewn
15
Leeds 2 S 0.2 ** Max 7C, min -6C
Lerwick 2 PC 3.6 0.3 Manchester Hull
across roads all over the country,
Leuchars 4 C 0.0 2.2 ooo
Liverpool 4 with trains trapped in snowdrifts
Lincoln 4 S 0.0 ** Galway IRISH 17
6 M 1.2 ** 2
and ferries having to steer through
Liverpool SEA 5 Sheffield
London 3 S 0.0 0.8 Dublin
LLlandudno
waters teeming with ice floes.
Lyneham 3 S 0.0 0.0 Seagulls were frozen in ice at
Manchester 5 S 1.6 0.0
Margate ** ** ** **
7 4
Shrewsbury
Nottingham Poole Harbour, while Heathrow
5 airport, known then as London
Milford Haven 6 C 0.8 **
i h
Norwich
Newcastle 2 S 1.0 ** 11 3 airport, was closed when an airliner
Nottingham 4 S 0.2 2.2 Birmingham
Orkney 3 C 2.4 0.0 6
Cork
Cambridge skidded off an icy runway. Hundreds
Oxford 3 S 0.0 ** 4 of London buses were put out of
Swansea Oxford 3
Plymouth 6 PC 0.4 ** action when their fuel froze.
Portland 4 PC 1.0 ** Cardiff
Scilly, St Mary’s 8 PC 1.0 **
Sunday Channel Islands CELTIC 5 Conditions in the uplands were
Shoreham ** ** 0.0 0.0 Remaining unsettled with showery
SEA Bristol London ferocious. Two groups of climbers
rain across Ireland and the Hebrides.
Shrewsbury 3 PC 0.0 1.0 5
Snowdonia 4 C 14.4 **
Mostly dry with sunny spells and the
odd shower in southern Britain. Southampton
were killed by avalanches on
7 moorlands in Lancashire. A rescue
Southend 3 S 0.0 0.7 Max 8C, min -5C Exeterr
South Uist 4 PC 6.0 ** 6 Plymouth Brighton mission was launched with RAF
Stornoway 2 PC 12.6 0.3
Tiree 5 R 2.0 0.9
helicopters on January 20 at
Whitehaven 3 S 1.4 3.4 2
6 Fylingdales early warning station on
CHANNEL 9
Wick 3 PC 4.2 ** 1 the North York Moors to save 283
Yeovilton 4 S 1.2 0.0
civilian workers who had been
8
4 General situation: Wintry showers in and snow, heaviest over tthe hills and London, E Anglia, E Mids, W Mids, IoM, trapped for several days by the snow.
The world northern Scotland and the Midlands, most widespread through the early N Wales, E Eng, NW Eng, Cen N Eng: “In one of the biggest airlifts ever to
All readings local midday yesterday
largely dry and sunny elsewhere. afternoon. Light to fresh southeasterly Sunny spells and wintry showers, take place in Britain, workers were
Alicante 13 PC Madeira 16 B 5 Republic of Ireland, N Ireland: Early fog winds, strong at times. Maximum heaviest and most widespread through
Amsterdam 5 SH Madrid 5 PC
ferried in batches of seven or eight,
and frost clearing to leave a mostly 5C (41F), minimum -8C (18F). the morning. Light easterly winds,
Athens 18 PC Malaga 14 PC
dry day with sunny spells and a few Edinburgh and Dundee, Argyll, Borders, perhaps moderate in places. Maximum in wind gusts up to 80 miles an
Auckland 23 PC Mallorca 12 PC
showers across northwest Ireland, Glasgow, SW Scotland, Lake District, 5C (41F), minimum -4C (25F). hour,” The Times reported. They
Bahrain 18 S Malta 19 S Monday
Bangkok 30 PC Melbourne 16 D Cloudy with showery rain for most,
perhaps turning wintry at times. Light NE Eng: Patchy mist and fog clearing SE Eng, Cen S Eng, S Wales, SW Eng, were flown to Whitby, 12 miles away,
Barbados 26 SH Mexico City 23 B heaviest across southwest England. and variable winds. Maximum through the morning to leave a largely Channel Is: A mainly dry day with but many found themselves
Southeast Britain will be mainly dry 4C (39F), minimum -3C (27F). dry afternoon with sunny spells sunny spells and the odd isolated
Barcelona 11 PC Miami 24 PC
with bright spells and patchy cloud. Moray Firth, Cen Highland, Aberdeen, and the odd wintry shower. Light to shower across southwest England.
marooned there by snowdrifts.
Beijing 0 S Milan 4 S
Beirut 19 PC Mombasa 32 B Max 11C, min -3C NE Scotland, NW Scotland, N Isles: moderate easterly winds. Maximum Light southeasterly winds. Maximum On January 20 there was also
Belgrade 12 PC Montreal -4 PC A frosty day with showery rain, sleet 4C (39F), minimum -5C (23F). 7C (45F), minimum -4C (25F). treacherous freezing rain and two
Berlin 2 B Moscow 0 DU days later a car drove across the
Bermuda 20 PC Mumbai 30 S 4
Bordeaux 2 SN Munich 2 B Tides Noon today 992 frozen Thames at Oxford; almost
Brussels 3 PC Nairobi 28 PC Tidal predictions. LOW 1032 the entire length of the non-tidal
Heights in metres LOW
Bucharest 18 S Naples 13 R
11
Thames froze as far as Teddington.
Budapest 6 B New Orleans 24 B Today Ht Ht 1024
Buenos Aires 35 S New York 6 C 5 Aberdeen 11:05 3.8 23:34 4.0 1000 But the river did not freeze in
Cairo 20 S Nice 12 S Avonmouth 04:30 11.0 17:02 11.4
LOW
1016 central London, as in the historical
Calcutta 22 S Nicosia 20 PC Belfast 08:35 3.1 21:04 3.3 1008 days of frost fairs, because the
LOW
Canberra 27 PC Oslo 0 SN 5
Cardiff 04:19 10.3 16:48 10.7 LOW
Cape Town 25 S Paris 4 S 02:57 4.8 15:30 4.8 LOW 1000 waters were too fast and were
Devonport
Chicago 4 DU Perth 28 S
Dover 08:27 6.0 21:04 5.9 warmed by effluents pouring out
Copenhagen 3 PC Prague 0 B from factories and power stations.
Tuesday Dublin 09:05 3.7 21:36 3.8
Corfu 17 PC Reykjavik -11 S 1008 LOW
Delhi 16 S Riga 2 DU A dull day with persistent rain for Falmouth 02:28 4.4 14:59 4.5 LOW On January 23 the temperature
much of the British Isles, heaviest Greenock 10:11 3.0 22:18 3.2
Dubai 23 PC Rio de Janeiro 31 PC
across Scotland and Wales. Dry with Cold front sank to minus 20.6C in
2 B 14 S Harwich 08:59 3.5 21:36 3.6 1016
Dublin
Faro 14 PC
Riyadh
Rome 13 SH
bright spells in the southeast.
Holyhead 07:57 5.0 20:24 5.1 LOW Warm front Hertfordshire, the coldest
Florence 9 B San Francisco 12 PC
Max 10C, min -1C
Hull 03:27 6.5 16:05 6.6
1024
Occluded front temperature in England that winter.
Frankfurt 3 S Santiago 25 PC Leith --:-- -- 12:17 4.9 1032 Trough
HIGH
Geneva 1 SN São Paulo 30 PC Liverpool 08:35 8.2 21:05 8.4
Gibraltar 13 PC Seoul 0 S 6 London Bridge 11:12 6.4 23:50 6.4
Synoptic situation Highs and lows Hours of darkness
Helsinki 2 B Seychelles 28 PC Lowestoft 06:42 2.3 19:27 2.3 24hrs to 5pm yesterday Aberdeen 16:36-07:59
Hong Kong 14 S Singapore 30 B Milford Haven 03:33 5.9 16:03 6.1 An occluded front associated Belfast 17:05-08:01
Honolulu 28 PC St Petersburg 2 DU with a low-pressure system to Warmest: St Mary’s, 7.7C
10 Morecambe 08:47 8.2 21:17 8.4 Coldest: Benson, -7.1C Birmingham 16:59-07:35
Istanbul 17 S Stockholm 3 PC the east of Norway will bring a Wettest: Trawsgoed, Dyfed,
4 Newhaven 08:30 5.9 21:03 5.9 Cardiff 17:08-07:36
Jerusalem 21 S Sydney 29 S mixture of showery rain, sleet 16.8mm
Newquay 02:28 6.0 14:57 6.2 Exeter 17:13-07:35
Johannesburg 23 PC Tel Aviv 21 S and snow to northern Scotland, Sunniest: Valley, Gwynedd,
Oban 03:32 3.4 15:55 3.5 3.8hrs* Glasgow 16:52-08:01
Kuala Lumpur 31 PC Tenerife 21 PC heaviest over higher ground.
5 Penzance 01:56 4.8 14:25 4.8 Liverpool 16:59-07:44
Kyiv ** ** Tokyo 9 B A few showers will move into
21 B 7 C Portsmouth 08:54 4.3 21:29 4.2 Sun and moon London 16:56-07:24
Lanzarote Vancouver northwest England and turn For Greenwich Manchester 16:56-07:41
Las Palmas 22 PC Venice 5 M Shoreham 08:39 5.6 21:14 5.6 Sun rises: 07.55
The Times weather Southampton 07:51 4.1 20:31 4.1
wintry. Elsewhere will be Newcastle 16:46-07:46
Lima 20 PC Vienna 6 PC Sun sets: 16.26
largely dry with sunny spells Moon rises: 06.07 Norwich 16:46-07:23
Lisbon 11 PC Warsaw 2 D page is provided Swansea 03:41 8.0 16:08 8.3
and frost lingering through the Moon sets: 13.08 Penzance 17:23-07:40
Los Angeles 14 PC Washington 6 R Tees 00:42 4.9 13:18 4.9
20 S 2 C
by Weatherquest day over the hills. New Moon: January 21 Sheffield 16:53-07:38
Luxor Zurich Weymouth 03:57 1.7 16:23 1.6
the times | Thursday January 19 2023 57
Sport
Doyle faces spell on sidelines after breaking elbow in fall Gill becomes eighth man Blow for Surrey as South Africa legend Amla, 39, retires
Racing The leading Flat jockey Tom Marquand, her husband who to score 200 in an ODI Cricket The South Africa great centuries against Northamptonshire
Hollie Doyle will be out of action for is also a top Flat rider, said yesterday: Cricket India’s Shubman Gill has Hashim Amla has announced his in September.
several weeks after breaking her “She has broken her elbow. We don’t become the youngest man to hit a retirement from professional cricket, Amla, who first played for Surrey as
elbow in a heavy fall at really know how long she will be out double century in a one-day leaving Surrey with a sizeable gap to an overseas import in 2013 before
Wolverhampton on Monday evening. for as she only just had her MRIs [on international. fill for the 2023 season. returning full-time three years ago,
Doyle, 26, was riding the 4-7 Tuesday night]. The 23-year-old opener hit 19 fours The 39-year-old, who has scored said: “I have great memories of The
favourite The Perfect Crown when “It is one of those fiddly things, as and nine sixes in his innings of 208 more than 18,000 runs for his Oval and to finally leave it fills me
her mount broke both front legs and you could put a number on it and from 149 balls, as India, who made country, called time on his with gratitude for what has been.”
fell in a freak accident on the home you’d be wrong every time anyway. 349 for eight, beat New Zealand by 12 international career in 2019 but Amla was a particular thorn in
turn. She was able to roll clear as she “It is just a case of making sure she runs in Hyderabad. continued playing for Surrey and England’s side over the years, scoring
hit the ground and was able to walk gets it right now, because you He is the eighth batsman to achieve helped them secure the LV= County six centuries in 21 Tests including his
away but she went to see a specialist wouldn’t want to stop halfway the feat — Rohit Sharma has done it Championship crown last summer. country’s first triple-hundred — at
to determine the extent of her injury. through the summer. It is frustrating.” three times — and the fifth Indian. He scored the last of his 57 first-class The Oval — in 2012.
6.30 Handicap (£6,281: 1m) (8) 8.00 Handicap (£4,187: 1m 4f) (12) 3.05 Handicap (£4,239: 1m 1f 104yd) (11)
Kempton Park 1 (2)503-2 DEMBE 16 (BF,C,D) B Johnson 5-9-9 H Burns (3) 1 (4) 3635- LEGENDARY DAY J18 (T) A Keatley 5-10-2 Ryan Sexton (3)
Wolverhampton 1 (1) 0260- LOVE YOUR WORK 30 R Menzies 7-10-0 O Stammers (3)
Rob Wright 2 (3)4000- KEYSER SOZE 68 (B,C,D) R Spencer 9-9-8 T Marquand 2 (12) /42-0 ANGEL ON HIGH 16 A Wintle 6-10-0 F Marsh Rob Wright 2 (7) 1260- DEFINITE 101 (W,T) M Harris 4-9-13 R Hornby
3 (8)012-3 AGUAPLANO 12 (P,CD) M Botti 4-9-6 D Probert 3 (2) 3132- DINOO 51 (P,BF) R Varian 5-9-13 C Noble 3 (3) 124-4 DUNDORY 15 J G O'Shea 7-9-13 Gina Mangan (5)
5.30 Barrel Aged 7.30 Annaf 050-0 UZINCSO 12 (CD) J Butler 7-9-2 D Muscutt
1.20 Hello Me (nb) 3.05 Mafia Power
4 (4) 4 (7) 031-3 MILLE MIGLIA 18 (P,CD) C Cox 5-9-12 J Fahy 4 (8) 0415- VISIBILITY 37 (CD) S Dixon 6-9-12
6.00 Trojan Legend 8.00 Eloso 1.55 Serenity Rose 3.40 Send In The Clouds Elisha Whittington (5)
5 (1)2641- THE THUNDERER 106 (C) S Curran 5-9-1 C Bishop 5 (6) 4510/ LIGHT IN THE SKY J84 C Down 7-9-12 Jordan Williams (5)
6.30 Dembe 8.30 Big Jimbo 2.30 Pysanka (nap) 4.15 Spanish Angel 5 (10) 000-1 WAR IN HEAVEN 10 (CD) M Appleby 4-9-12 A Rawlinson
6 (6)4040- ROGUE FORCE 61 (H,CD) Tom Clover 5-8-13 J Mitchell 6 (1) 504-6 ELOSO 15 (E,D) G Kelleway 5-9-11 T Marquand
7.00 Kingdom Come Going: standard Sky Sports Racing
7 (7)31-21 SATIN SNAKE 8 (B,C) A Keatley 4-8-13(5ex) C Murtagh 7 (3) 6610/ GLORIOUS ZOFF J486 (H,T,D) F O'Brien 6-9-11 K Stott 6 (4) 3-165 MAFIA POWER 10 (B,CD) A Watson 6-9-12 T Fisher (5)
Going: standard to slow 8 (5)0002- GOLDEN SANDS 20 (H,P) M Appleby 4-8-8 Draw: 5f-7f, low numbers best 7 (5) 004-1 ARCADIAN NIGHTS 3 (CD) M Loughnane 5-9-12(5ex)
8 (8) 045/2 DANIEL DERONDA 15 (T) Miss A Murphy 6-9-11 S Cherchi
Draw: 5f-1m, low best Racing TV A Voikhansky (7) Billy Loughnane (7)
3-1 Dembe, 7-2 Aguaplano, 4-1 Satin Snake, 6-1 The Thunderer, 7-1 others. 9 (10) 053-5 CRIMSON KING 15 (V,CD) M Appleby 7-9-10 F Larson (3) 1.20 Handicap (£3,699: 6f) (8) 8 (11) 215/0 IRON HEART 12 A Newcombe 6-9-11 W Cox
10(11) 63/4- MURHIB 313 (H,CD) Mrs L Richards 11-9-7 R Havlin
5.30 Novice Stakes Wright choice: Dembe is relatively unexposed and goes well
11 (9) 310-3 BUXTED TOO 14 I Williams 5-9-7 K O'Neill
1 (2) 331-1 ALGHEED 10 (C) M Loughnane 5-10-4 Billy Loughnane (7) 9 (2) 002-2 TOOPHAN 3 (P,T) P & O Cole 4-9-9 L Morris
(3-Y-O: £3,780: 1m 4f) (9) on the all-weather Dangers Keyser Soze, The Thunderer 2 (6) 0060- HELLO ME 32 (CD) Joseph Parr 5-10-2 L Morris 10 (6) 155-5 KENTUCKY KINGDOM 6 (CD) H Evans 7-9-7 D Costello
12 (5) 5200- BLUENOSE BELLE 24 (P) R Phillips 5-9-4 D Probert
3 (1) 060-3 INEVITABLE OUTCOME 10 (P,CD) D Loughnane 6-9-11 11 (9) 51-16 JOHNNY BOOM 3 (P,BF,CD) S Lycett 5-9-4 C Lee
1 (4) BARREL AGED M Botti 9-7 R Havlin 7-2 Dinoo, 11-2 Mille Miglia, 13-2 Daniel Deronda, 15-2 Legendary Day, Buxted Laura Pearson (3)
2 (9) 022- BURDETT ROAD 47 M Bell 9-7 T Marquand
7.00 Novice Stakes £3,780: 7f) (9) Too, Glorious Zoff, 10-1 Eloso, Crimson King. 4 (7) 1046- STARSONG 36 (H,P,D) M Appleby 4-9-8 Doubtful
9-2 Arcadian Nights, 5-1 War In Heaven, 6-1 Toophan, Johnny Boom, 8-1
Visibility, Mafia Power, Kentucky Kingdom, 10-1 Love Your Work.
3 (2) 0-5 COME MUSICA 12 (B) M Botti 9-7 S Cherchi 1 (6) AFTERNOON TEA J389 A Carroll 5-9-7 D Keenan 5 (5) 4530- SECOND COLLECTION 37 (H,CD) A Carroll 7-9-4
Wright choice: Eloso has dropped back to his latest
4 (7) FRENCH INVASION Charlie Johnston 9-7 J Mitchell 2 (8) 422- CENTRAL HALL 22 (P,T,BF) S & E Crisford 4-9-7 J Mitchell winning handicap mark Dangers Dinoo, Legendary Day Mollie Phillips (3)
5 (1) 42- SUPER MO 148 D M Simcock 9-5 J P Spencer 3 (9) 5 ENDUED 15 J Fanshawe 4-9-7 D Muscutt 6 (4) 025-1 CARIAD ANGEL 16 (C) K R Burke 3-9-1 C Lee 3.40 Classified Stakes (£3,591: 7f) (10)
4 (2) 00/ KINGDOM COME 496 C Cox 4-9-7 Rossa Ryan 7 (8) 36-63 ROSE BANDIT 6 (P,D) I Jardine 6-8-11 A Mullen 1 (7) 035-6 ELEGANT ELLEN 6 (H) Miss A Murphy 5-9-2 A Farragher (3)
6 (8) 0-0 LENS LEGACY 13 C Wallis 9-3 F Marsh
5 (7) 52- RUMNOTRED 21 B Millman 4-9-7 O Searle (7)
8.30 Classified Stakes (£3,140: 1m 3f) (10) 8 (3) 2016- DRAGON GLORY 79 G Kelleway 3-8-8 A Farragher (3)
7 (5) 0- STORM VALLEY 31 A Balding 9-2 D Probert 2 (6) 0000- FLOATS ON AIR 34 (T,V) I Furtado 4-9-2 A Rawlinson
6 (3) 6- WHAT A MAN 43 R Ingram 4-9-7 R Havlin 1 (1) 606-1 PRINCESS NIEVE 5 G Boughey 4-9-7 K Stott 2-1 Algheed, 11-4 Cariad Angel, 4-1 Inevitable Outcome, 11-2 Rose Bandit, 3 (5) 04-22 HACHERT 4 (H,P,T,CD) J Candlish 6-9-2 L Morris
8 (3) 0-6 A LITTLE RESPECT 12 Charlie Johnston 9-0 D Muscutt
7 (5) 05- ZOFFANY PORTRAIT 351 A Carroll 4-9-7 S M Levey 2 (2) 600-5 BELLA COLOROSSA 2 (CD) J Best & K Jewell 5-9-4 10-1 Hello Me, 20-1 Dragon Glory, Second Collection. 4 (9) 000-4 KASWARAH 14 (H) J G O'Shea 5-9-2 Gina Mangan (5)
9 (6) BLONDELLE R Beckett 9-0 Doubtful J Mitchell
8 (1) 0000- HIGHLAND LASS J15 R J Price 4-9-2 G Rooke 5 (8) 060/6 LITTLE GEM 13 (D) M Weatherer 5-9-2 L Edmunds
7-4 Super Mo, 15-8 Burdett Road, 5-1 French Invasion, 8-1 Barrel Aged, 10-1 3 (8) 0025/ BIG JIMBO J643 G L Moore 6-9-4 R Clutterbuck
Storm Valley, 20-1 Come Musica, 33-1 A Little Respect, 100-1 Lens Legacy.
9 (4) MAJESTIC CHARM Sarah Hollinshead 4-9-2 N Currie
4 (5) 652-2 CENDRILLON 15 (H) Matt Crawley 5-9-4 D Probert
1.55 Maiden Fillies' Stakes 6 (2) 000-5 MADAME MARMALADE 7 I Furtado 4-9-2
4-5 Central Hall, 9-2 Rumnotred, 5-1 Kingdom Come, 6-1 Endued, 16-1 others. (£3,888: 1m 1f) (7) Elle-May Croot (7)
Rob Wright’s choice: Barrel Aged, a son of Golden Horn, can 5 (10) 006-0 DARK ICON 13 J Butler 6-9-4 D Keenan 7 (3) 06-01 MOVEONUP 7 G Kelleway 7-9-2 Billy Loughnane (7)
make a winning debut Dangers Super Mo, Burdett Road Wright choice: Kingdom Come drops in class and can 1 (4) 062-2 SERENITY ROSE 11 M Loughnane 3-8-8 L Morris
6 (6) 06/0- GOKOTTA 51 C Poulton 5-9-4 K O'Neill 8 (10) 366-3 SEND IN THE CLOUDS 12 (D) A Carroll 6-9-2 J Fisher (5)
overcome a lengthy absence Dangers Central Hall, Endued 2 (1) 0 JUNEY 16 C Cox 3-8-6 H Turner
7 (4) 5444- MEISTERZINGER 117 M Usher 5-9-4 R Havlin 9 (4) 6460- VIENNA POPPY 84 (B) Darryll Holland 4-9-2
6.00 Handicap (3-Y-O: £3,140: 1m) (11) 7.30 Conditions Stakes (£12,885: 6f) (6) 8 (3) 040-4 CHELSEA ANNIE 15 N Mulholland 4-9-2 T Marquand 3 (2) PRINCESS ANGELA P Evans 3-8-6 C Hardie Liam Wright (7)
9 (7) 000-2 FAITHLESS INSOMNIA 5 (P,T) P McEntee 4-9-2 4 (3) FLASH BARDOT Jack Channon 3-8-4 Rose Dawes (7) 10 (1) 400-0 WON LOVE 5 (T) M Loughnane 5-9-2 C Hardie
1 (10) 050- BALMAHA 51 R Hannon 9-9 S Levey
1 (2) 2125- TINKER TOY 24 R Varian 6-9-7 J Mitchell Rossa Ryan 5 (5) 00- PRECIOUS LAGATHA 19 K P De Foy 3-8-4 T Ladd 3-1 Moveonup, 7-2 Hachert, 4-1 Elegant Ellen, 6-1 Send In The Clouds, 7-1 others.
2 (8) 006-5 GRAND CENTRAL 5 (B,E) P McEntee 9-9 J Gordon
2 (4) 005-1 ANNAF 5 (D) M Appleby 4-9-4 Rossa Ryan 10 (9) 3600- PHOTO BOMB 92 C Poulton 4-9-2 C Shepherd 6 (6) 42-3 SCRAMBLE 4 C Allen 3-8-4 A Keeley (5)
3 (1) 000- TROJAN LEGEND 147 Charlie Johnston 9-7 J Mitchell
3 (3) 4040- HAZIYM 24 (D) A Carroll 4-9-4 T Marquand 5-2 Princess Nieve, 7-2 Faithless Insomnia, 4-1 Cendrillon, 6-1 Meisterzinger, 7 (7) TIZ LIKELY J S Moore 3-8-4 Jimmy Quinn 4.15 Handicap (£3,699: 5f) (11)
4 (9) 60-14 GREAVSIE 2 (B,C,D) J Osborne 9-7 N Currie
4 (6) 604-1 KIWANO 12 (CD) D M Simcock 4-9-4 J P Spencer 8-1 Chelsea Annie, 12-1 Big Jimbo, 14-1 Bella Colorossa, 25-1 others. 11-10 Serenity Rose, 3-1 Scramble, 6-1 Flash Bardot, 8-1 Princess Angela, 16-1
5 (11) 0656- TWILIGHT KISS 21 (P) M Botti 9-7 T Marquand 1 (6) 004-6 APACHE STAR 9 (C) M Loughnane 4-10-4
5 (5) 5056- TONE THE BARONE 32 (H,T,D) S C Williams 7-9-4 S Levey Wright choice: Big Jimbo has the ability to take this if fully Tiz Likely, Precious Lagatha, 20-1 Juney.
6 (7) 600-0 ITALIAN LOVER 13 C Hills 9-4 K Stott Billy Loughnane (7)
6 (1) 112-2 ARAMIS GREY 18 (CD) R Guest 6-8-13 C Shepherd fit after a break Dangers Princess Nieve, Faithless Insomnia
7 (6) 4002- BERNADINE 28 J Fanshawe 9-3 D Muscutt 2 (9) 04-44 WEE FAT MAC 7 I Jardine 4-10-4 A Mullen
5-4 Annaf, 5-2 Tinker Toy, 6-1 Kiwano, 7-1 Tone The Barone, 8-1 others. 2.30 Handicap (£3,699: 1m 1f) (8)
8 (4) 5436- BLUE CURACAO 19 R Hannon 9-2 AVoikhansky (7) 3 (4) 500-2 BOOM THE GROOM 3 (CD) A Carroll 12-10-3 L Morris
060- STRIKE ALLIANCE 51 (H) A Balding 9-2 D Probert
Wright choice: Annaf showed a smart turn of foot to win /34-6 YAKHABAR 15 Liam Bailey 4-9-12 B Garritty 4 (7) 2225- SPANISH ANGEL 29 (BF,C,D) R Carr 6-10-2 JP Sullivan
9 (3) 1 (6)
at Lingfield Park; he can follow up Danger Aramis Grey 5 (8) 360-0 YOU'RE COOL 9 (T,V,CD) D Shaw 11-9-12 L Edmunds
10 (5) 0054- READY RECKONER 21 (P) J Chapple-Hyam 9-0
J P Spencer
Course specialists 2
3
(1)
(8)
23-4 PYSANKA 12 M Loughnane 4-9-10 Billy Loughnane (7)
424-4 DEEP SIGH 18 D M Simcock 5-9-10 H Turner 6 (10) 0045- ELLIE PIPER 38 (CD) R Brisland 5-9-11 R Hornby
11 (2) 6600- LOOE P LOOE 125 D Coakley 8-5 G Rooke 6 The meetings at Ludlow, Newcastle Kempton: Trainers R Varian, 57 from 244 4 (3)221-0 KARDINYA 8 (B,CD) M Appleby 4-9-8 A Rawlinson 7 (5) 0022- GLORIOUS CHARMER 20 (T,C,D) M Herrington 7-9-7
runners, 23.4%; S & E Crisford, 22 from 96, 22.9%. T Eaves
9-2 Bernadine, 5-1 Strike Alliance, Greavsie, 6-1 Blue Curacao, 7-1 others. and Wincanton today have all been Jockeys J Mitchell, 54 from 348 rides, 15.5%; R
5 (5)6013- BEARING BOB 21 A Carroll 4-9-7 C Lee
8 (1) 003-6 ICONICDAAY 5 (P) D O'Meara 4-9-6 Mark Winn (5)
Wright choice: Trojan Legend, gelded since last season, is
bred to stay Dangers Strike Alliance, Ready Reckoner called off because of frozen tracks. Havlin, 46 from 319, 14.4%. 6 (2)55/0- CIRRUS 182 (T) M Harris 5-9-5
2420- REGATTA QUEEN 66 R Brisland 4-9-5
R Hornby
L Morris 9 (2) 0356- MOPS GEM 129 (C) M Appleby 5-9-5 A Rawlinson
7 (7)
Lingfield Park tomorrow is also off, Wolverhampton: Trainers J Parr, 12 from 62
8 (4)60-24 HOPEMAN HARBOUR 4 (B) P McBride 4-9-4 10(11) 0/03- MAGNA BELLA 227 A Ralph 4-9-5 C Hardie
runners, 19.4%. Jockeys Rose Dawes, 3 from 14 11 (3) 630-1 MINTANA 6 (D) H Evans 3-8-10 Mollie Phillips (3)
The following horses are blinkered for the first time today: while there is an inspection at midday rides, 21.4%.
A Farragher (3)
Kempton 6.30 Keyser Soze; 8.00 Eloso. Wolverhampton 11-4 Bearing Bob, 9-2 Deep Sigh, 5-1 Kardinya, Pysanka, 6-1 Hopeman 4-1 Spanish Angel, 9-2 Wee Fat Mac, 5-1 Glorious Charmer, Boom The Groom,
3.40 Vienna Poppy. for tomorrow’s card at Market Rasen. Harbour, 8-1 Regatta Queen, 12-1 Yakhabar, 20-1 Cirrus. 6-1 Mintana, 8-1 Apache Star, 12-1 Ellie Piper, 14-1 Mops Gem.
Sport Cricket
Mike Atherton
Chief Cricket Correspondent
A
dedication to Andrew Symonds and
the voice of Shane Warne on
commentary are shocking reminders
At last, a pathway
of how much has changed between
the filming of the second series of
Amazon Prime’s The Test and its release last
for young women
I
Friday. They are reminders, too, of how different t only took 35 years, but better late than
a beast the present Australia team are from their never. The inaugural Under-19 Women’s
predecessors, reflecting the urbane leanings of World Cup is up and running in South
the captain, Pat Cummins, over the rough- Africa, a pathway to what will be a
edged machismo of a previous generation. professional career worth striving for if the
The link between the two is Justin Langer, the recent television deal for the forthcoming
star of the first series but who is largely absent women’s Indian Premier League (worth more
in the second, his coaching tenure having come than £700,000 per game) is anything to go by.
to an acrimonious end after last winter’s Ashes. I played in the inaugural men’s version in
His dismissal is brushed over in the 1988 in South Australia, and the benefits are
documentary in the eagerness to show a not hard to recall of becoming acquainted
harmonious team rather than one bickering, as with travel, new conditions and high-class
all sporting families do from time to time. contemporaries from around the world at a
Nevertheless, Langer’s absence leaves a void time, in those late teenage years, when
unfilled and the second series is much less improvement tends to be rapid and the mind is
interesting for it. receptive to new experiences. That
Documentary makers, and writers of tournament helped further the careers of
non-fiction, would hope for two o countless international cricketers.
essential ingredients to keep thee The good-news story so far has been
viewer or reader engaged: Rwanda, a country that did not play cricket
narrative arc and tension. until about 20 years ago. On Tuesday, Rwanda
Having already burnished the beat their counterparts from Zimbabwe by 39
team’s reputation in the first runs, a victory completed by Henriette
series, moving on from Ishimwe, who took four wickets in four balls.
Sandpapergate, there was A World Cup first, for Rwanda and women’s
nowhere to go, not least C
Cummins — centre, with his star batsman, Smith, left, and Head — has overseen a under-19 cricketers, but not the last.
because Cummins’s team ca
captain-led environment after the micromanagement of ex-coach Langer, inset
were in the ascendancy
throughout the period during Sco
Scott Boland, whose rise to very fortunate. “How lucky is he?” exclaims one So far, Bazball has discombobulated
which this series was filmed. stard
stardom — “Build the man a after another dropped catch/no-ball wicket at opposition captains, and how well Cummins
And tension? All is sweetness and statue! — was one of the more
statue!” Adelaide in the Ashes. So lucky that Matthew holds his nerve in the Ashes this summer will be
light in the absence of Langer on remarkab events of the Ashes.
remarkable Wade was said to have appropriated an eagle intriguing. After victories against England, West
eflate a
film to poke, prod, niggle and deflate And a jolly nice bunch they seem too. sticker, inspired by Isaiah 40:31 and used by Indies and South Africa at home and Pakistan
few egos. Khawaja is in his ele element in Pakistan, the land Labuschagne, to his own bat — to no avail. away, the second series of The Test shows a
Langer’s replacement, Andrew “Ronnie” of his birth, and Boland appears to be one of the Labuschagne is lucky, but also very good, confident captain of a confident Australia team.
McDonald, is not interviewed for the second humblest, gentlest fast bowlers you could wish averaging 59.4 in Tests. They certainly think highly of themselves:
series. He is seen briefly banging on about to meet. Niceness, though, has no bearing on That is still marginally behind Smith (60.9) Mitchell Starc, Josh Hazlewood and Cummins
“processes” during the tour to Pakistan but he is sporting outcomes, good or bad. Leo Durocher’s and their relationship is part bromance, part contact each other through a WhatsApp group
everything Langer is not: low-key and aphorism — “nice guys finish last” — is one of rivalry. Smith, according to team-mates, is the entitled “The Legends”; Labuschagne, at one
unobtrusive (which may mean that he does little the most misunderstood and misappropriated in “big dog” but Labuschagne is in close company point in the documentary, says: “We’re a team
damage — not a bad outcome for a head coach). sport. Sport is not a morality play: nice guys can now, although he gives way where obsession that shouldn’t lose”; Cummins advances the
The chances of a team playing a style of cricket finish first, last and anywhere in between. over kit is concerned. Smith must be one of the notion that his “can be as good as any team of
named in homage to McDonald appear thin, There are glimpses of grit in the oyster. Most biggest kit badgers going, one scene showing any era”, and Glenn Maxwell says of Cameron
even though the players were recently seen cricketers of yesteryear enjoyed the dressing him laboriously changing the thumb protector Green, the all-rounder: “This bloke’s going to be
scrawling “RonBall” on a sign in the dressing room as a camera-free sanctuary, but not this in the right glove of each of the roughly 20 pairs the best ever.”
room in a nod to England’s “Bazball” approach team, who have traded that right away. There is he carries with him. They have some way to go before any
under Brendon McCullum. no escape from post-dismissal bat-throwing Then there is Cummins’s home library, which comparison with the golden era of the late 1990s
Instead, the main theme of the series is the tantrums and when Steve Smith is run out in Sri groans with worthy and interesting tomes — and early 2000s — the team of Warne and
transformation from a coach-led team to a Lanka and sits fuming madly in the dressing books by, among others, Christopher Hitchens, Symonds — can be justified. Australia travel to
captain-led team, and one in which the players room, every weekend village cricketer would Jared Diamond, Steven Pinker and Richard India next month for four Tests and then come
take on much more responsibility. sympathise. That is the deadening effect of the Dawkins. The series begins with Cummins to England in the summer for another five,
There is the delightful Usman Khawaja, front cameras, of course, reducing the mystique of an looking at some field plots like the novice aiming to become the first Australia team to
and centre, finding joyous late-career fulfilment international dressing room to the quotidian. captain he was, but by the end his authority and win on English soil since 2001.
after Travis Head’s Covid absence with twin But, for all this, there are offerings that stature is unquestioned. Is there a flaw in Saint A third series of The Test, capturing the next
centuries in the fourth Ashes Test in Sydney. intrigue. Marnus Labuschagne’s team-mates Patrick’s make-up? Only computer games, at 12 months, should be a lot more intriguing than
And there is the journeyman’s journeyman, clearly can’t decide whether he’s very good or which, according to a team-mate, he is “shit”. the second.
Lees: I’ll attack to regain England place Fixing charges for Chinese players is accused of being concerned in fixing
Snooker
Elizabeth Ammon Ben Duckett as Zak Crawley’s opening “Having got myself in good positions, matches and betting on snooker. In all,
partner, and have not picked him for I just didn’t capitalise. The former Masters champion Yan ten Chinese players suspended from the
Alex Lees has vowed to fight to win the forthcoming tour to New Zealand, “The messaging [from Rob Key, the Bingtao is among six Chinese players World Snooker Tour have been deemed
back his Test place having been but the Durham opener is part of the ECB’s managing director of men’s charged with match-fixing by snooker’s to have cases to answer by the World
dropped from the England squad at the England Lions squad that will tour Sri cricket, and Brendon McCullum, the governing body, whose chairman Jason Professional Billiards and Snooker
end of the summer. The opener believes Lanka next month. Test head coach] has been about trying Ferguson described the situation as Association (WPBSA).
that although he did not score big runs, Lees played ten Tests last year, aver- to keep developing my game and keep “heartbreaking”. An independent disciplinary tribunal
he did make an impact on some of aging 23.84 and passing 50 only twice, trying to play in a manner in which the The other players charged with fixing will be convened to consider the
England’s wins over New Zealand, with a top score of 67. He acknowledges Test team is now playing. a match or matches are Lu Ning, evidence. “It is a heartbreaking situa-
India and South Africa. that was not enough to warrant keeping “The days of scoring 100 at a 40 strike Zhang Jiankang, Chen Zifan, Chang tion for those of us who have
England dropped Lees, 29, for their his place. “I played pretty competently rate are gone, particularly under this Bingyu and Zhao Jianbo. Zhao Xintong, been in this sport for a long time,”
tour to Pakistan last month, opting for but just lacked that big score,” he said. regime, so you’ve got to buy into that.” winner of the 2021 UK Championship, Ferguson said.
the times | Thursday January 19 2023 59
Ealing ready
to sue RFU if
promotion is
blocked again ment to sustainability in the wake of
Alex Lowe Wasps and Worcester Warriors going
into administration.
Officials at Ealing are anxious to
avoid the legal route but feel that they
Rugby are being treated like a “problem child”
Correspondent by the governing bodies, when all they
want is clarity on the future and to be
part of the restructuring conversation.
Ealing Trailfinders are prepared to take “We believe we can prove that 10,000
legal action against the RFU if they win is unlawful and we feel we have a very
the Championship and are blocked good case,” Ben Ward, the Ealing
from being promoted to the Gallagher director of rugby, said.
Premiership for the second year “Why can we host men’s Premiership
running. football here? We can have Man United
The west London club are top of the come down here. We had a licence to be
RFU Championship and favourites to the London Broncos’ base in Super
win the title. They were denied League. So we can do all of those but for Ealing remain top of English rugby’s second tier and are favourites to win it for a second season, but Ward, their director of
promotion at the end of last season some reason we can’t do men’s Premier- rugby, below, says they have been placed in an impossible situation by a lack of clarity from those in charge of the game
after falling short of the RFU’s ship rugby. You can’t tell me that’s for
minimum standards requirements any other reason than to be a barrier of to know what we are getting into. We lished by the Department for Digitial, Ward said. “So why would the RFU or
because their stadium, Vallis Way, did trade or restriction of trade. want to know what plan they have. We Culture, Media and Sport (DCMS) on PRL ask another club to go into debt,
not hold 10,000 supporters. “We don’t want to use that [legal want to be part of a sensible and sus- Tuesday. PRL and the RFU issued a when we have zero debt at the moment,
Ealing, who average about 1,000 route]. I don’t believe we should be tainable restructuring of English rugby. statement saying they were “working for something that is a barrier to entry
spectators for every home game, arguing with our union. I believe we “If we finish top again and we don’t go hard . . . to create a sustainable league”. rather than being something that
dropped their appeal against that should be working together for what’s up again, we have already put the RFU Ealing questioned that commitment, makes the league better.
decision but believe that they can prove right for the game. I would have the on notice that we do not intend that to given they are being asked to spend “I am fully in favour of minimum
the stadium capacity demands are an same interest if Jersey Reds won the be the outcome. I don’t believe the £14.8 million on a stadium — with pres- standards — safety for players, medical
unlawful barrier to entry. league. game will accept it. What does that sure to commit up to £20 million more staff, all of that is very important. What
The minimum standards for this “All we want is good conversations. mean to ambition in this country? Are in buying a share of the league — with- I am not in favour of is asking us to build
season were redrawn. Any club who At the moment we believe it is illogical, we just kissing goodbye to the top 11 out knowing the structure from 2024. a stadium for 10,000 when we are
want to go up must now provide illegal and unfair the way they are look- clubs in the country?” “Where is the sanity in spending attracting a 1,000 crowd.
evidence within two weeks of winning ing at it. Last year, I was getting Ealing are desperate to achieve £15 million on a ground when we don’t “By the time we build it they are tell-
promotion into a 12-team Premiership messages from the RFU saying one their long-held ambition of win- know if we will be in that league and we ing us it may go to a ten-team league. So
that they will have a 10,000-capacity thing and PRL telling us something ning promotion. But promotion don’t know if the minimum standards what are we building for? What is the
stadium by the 2024-25 campaign. completely different. into what? Simon Massie-Taylor, will change?” Ward said. “To build that future? To build without knowing what
At the same time, Premiership Rugby “There is no clarity. They are PRL’s chief executive, has said without knowing why we are building it the future is, we believe that is irrespon-
(PRL) and the RFU are working on a making decisions to protect the 11 that a decision on the or what for would put the club at risk.” sible for the club, especially when you
plan to relaunch professional club [existing Premiership clubs].” competition size and For Ealing to have full rights as a see what has happened with Worcester
rugby. The favoured model at present is Simon Halliday, structure for the Premiership club — to receive £1.5 mil- Warriors and Wasps.
to reduce the Premiership to ten teams the former 2024-25 season lion in central funding each year and to “We are not sitting here saying we
in 2024, just at the point when Ealing chairman of has to be made have a voice at the discussion table — wouldn’t develop our stadium but we
need to open their new stadium. European club as a matter of they would need to purchase a P share. are saying it should be developed with
In effect, the club are being asked to rugby, has urgency so Owning a P share is not a prerequi- the rate of our crowd. And as that grows
commit to a £14.8 million stadium con- been recruited that Ealing and site for playing in the Premiership. we should grow.
struction project without any clarity by Ealing to try other promotion “They expect you to have one,” Halli- “We have only been professional for
from PRL about what the league would to bring the hopefuls know day said. Wasps and Worcester had nine years and we have done every-
look like in 2024 and whether they RFU and PRL to the table. where they stand. their P shares bought by the league at thing in a calculated way.
would be in it. “We are not expecting to be told The Premiership’s the agreed insolvency rate of £9.8 mil- “I believe as a club we should be
Ealing say that level of blind financial that we can’t go up if we finish top,” finances were brand- lion. Ealing have been quoted prices of applauded for doing this in the right
commitment could push a debt-free Halliday said. “In a very friendly and ed as “clearly unsus- between £15 million and £20 million. way. As should other Championship
club into the red and questioned PRL’s direct way we have said, ‘We have tainable” in a parlia- “The DCMS report says the Premier- clubs like Coventry and Doncaster,
approach, given its publicised commit- significant legal opinion.’ We want mentary report pub- ship is unsustainable. We know this,” who are growing in a sustainable way.”
Sport Football
Results
L H Ferguson c Gill b Pandya 8 (7) R P Burl run out 59 (41) Lokoli (Fr) 4-6, 2-6, 7-6 (9-7), 6-4, 6-2; Potapova (Russ) bt S Stephens (US) 7-6 (7-2),
Football Cricket B M Tickner not out 1 (1) †C Madande not out 12 (9) T Kokkinakis (Aus) bt F Fognini (It) 6-1, 6-2, 6-4; D Vekic (Cro) bt O Selekhmeteva (Russ)
Extras (lb 5, w 14) 19 B Evans lbw b Hume 6 (2) 6-2; B Holt (US) bt A Vukic (Aus) 6-4, 1-6, 6-3, 6-2, 2-6, 7-6 (10-7); M Vondrousova (Cz) bt A
Premier League India v New Zealand, first ODI
W P Masakadza not out 1 (1) 3-6, 6-3; (24) R Bautista (Sp) bt J Sousa (Por) Riske (US) 5-7, 6-1, 6-4. Second round (1)
Crystal Palace(0) 1 Manchester Utd(1) 1 Rajiv Gandhi International Stadium (India Total (49.2 overs) 337 6-3, 6-2, 6-2. Second round M McDonald
Fall of wickets 1-28, 2-70, 3-78, 4-89, 5-110, Extras (lb 1, w 10) 11 I Swiatek (Pol) bt M Camila Osorio (Col) 6-2,
won toss): India beat New Zealand by 12 runs (USA) bt (1) R Nadal (Sp) 6-4, 6-4, 7-5; (31) Y
Olise 90+1 Fernandes 43 6-131, 7-293, 8-294, 9-328. Total (7 wkts, 37 overs) 214 6-3; C Bucsa (Sp) bt B Andreescu (Can) 2-6, 7-6
India (balls) R Ngarava and V M Nyauchi did not bat. Nishioka (Japan) bt D Svrcina (Cz) 6-3, 6-4, (9-7), 6-4; (22) E Rybakina (Kaz) bt K Juvan
6 Table on pages 62/3 *R G Sharma c Mitchell b Tickner 34 (38) Bowling Shami 10-1-69-1; Siraj 10-2-46-4; 6-2; (18) K Khachanov (Russ) bt J Kubler (Aus)
Fall of wickets 1-9, 2-49, 3-80, 4-99, 5-175, (Slovenia) 6-2, 6-1; (13) D Collins (US) bt
S Gill c Phillips b Shipley 208 (149) Pandya 7-0-70-1; Yadav 8-1-43-2; Thakur 6-203, 7-209. 6-4, 5-7, 6-4, 6-2; (16) F Tiafoe (US) bt Shang
7.2-0-54-2; Sundar 7-0-50-0. K Muchov (Cz) 6-7 (1-7), 6-2, 7-6 (10-6);
FA Cup third-round replay V Kohli b Santner 8 (10) Bowling Adair 8-0-40-2; Little 8-0-39-1; Hume Juncheng (China) 6-4, 6-4, 6-1; (10) H Hurkacz K Kozlova (Ukr) bt C McNally (US) 6-1, 7-6
Leeds (3) 5 Cardiff (0) 2 †I P K P Kishan c Latham b Ferguson 5 (14) 6-0-41-2; Tector 4-0-20-1; McBrine 7-0-38-0; (Pol) bt L Sonego (It) 3-6, 7-6 (7-3), 2-6, 6-3, 6-3; (7-4); (17) J Ostapenko (Lat) bt A Bondar (Hun)
S A Yadav c Santner b Mitchell 31 (26) Zimbabwe v Ireland, first ODI (20) D Shapovalov (Can) bt T Daniel (Japan)
Gnonto 1, 36 Robinson 84, 90+3 Harare Sports Club (Zimbabwe won toss and Campher 3-0-18-0; Dockrell 1-0-17-0. 7-6 (7-5), 5-7, 6-0; B Pera (US) bt (29) Zheng
H H Pandya b Mitchell 28 (38) 6-3, 7-6 (7-3), 7-5; (29) S Korda (US) bt Qinwen (China) 6-4, 6-4; (7) C Gauff (US) bt E
Rodrigo 34 (pen) elected to bowl): Zimbabwe beat Ireland by Y Watanuki (Japan) 6-2, 7-5, 6-4; (7)
Bamford 71, 76
W Sundar lbw b Shipley
S N Thakur run out
12 (14)
3 (3) three wickets (DLS Method) Snooker D Medvedev (Russ) bt J Millman (Aus) 7-5, 6-2, Raducanu (GB) 6-3, 7-6 (7-4); (3) J Pegula (US)
6-2; (3) S Tsitsipas (Gr) bt R Hijikata (Aus) 6-3, bt A Sasnovich (Bela) 6-2, 7-6 (7-5); M Kostyuk
Scottish Premiership K Yadav not out 5 (6) Ireland (balls) Duelbits World Grand Prix (Ukr) bt O Gadecki (Aus) 6-2, 6-1; (20)
M Shami not out 2 (2) P R Stirling lbw b Ngarava 13 (25) The Centaur, Cheltenham: First round 6-0, 6-2; T Griekspoor (Neth) bt (32) B van de
Celtic (2) 4 St. Mirren (0) 0 Zandschulp (Neth) 6-4, 6-4, 6-4; M Fucsovics B Krejcikova (Cz) bt C Burel (Fr) 6-4, 6-1;
Extras (w 13) 13 S T Doheny b Nyauchi 3 (9) L Brecel (Bel) bt J Perry (Eng) 4-1; S Craigie A Kalinina (Ukr) bt (15) P Kvitova (Cz)) 7-5, 6-4;
Abada 15 *A Balbirnie retired hurt 121 (137) (Eng) bt T Ford (Eng) 4-2; S Murphy (Eng) bt (Hun) bt L Harris (SA) 6-2, 6-3, 5-7, 6-4; (15) J
Total (8 wkts, 50 overs) 349 Sinner (It) bt T Etcheverry (Arg) 6-3, 6-2, 6-2; (10) M Keys (US) bt Wang Xinyu (China) 6-3,
Furuhashi 35, 53 M Siraj did not bat. H T Tector not out 101 (109) A Carter (Eng) 4-0; A McGill (Scot) bt G Wilson 6-2; (24) V Azarenka (Bela) bt N Podoroska
Turnbull 86 G H Dockrell c Burl b Butt 12 (5) J Lehecka (Cz) bt C Eubanks (US) 6-4, 6-4, 3-6,
Fall of wickets 1-60, 2-88, 3-110, 4-175, 5-249, (Eng) 4-1; J Lisowski (Eng) bt Yuelong Zhou 6-3; (28) F Cerundolo (Arg) bt C Moutet (Fr) (Arg) 6-1, 6-0; Zhu Lin (China) bt (32)
6-292, 7-302, 8-345. C Campher c Burl b Nyauchi 8 (8) (China) 4-2; N Saengkham (Thai) bt R
Hearts (4) 5 Aberdeen (0) 0 †L Tucker not out 12 (8) 3-6, 6-4, 6-2, 7-5; (6) F Auger-Aliassime (Can) J Teichmann (Switz) 6-2, 6-2; (6) M Sakkari
Bowling Shipley 9-0-74-2; Ferguson O’Sullivan (Eng) 4-2); M Williams (Wales) bt bt A Molcan (Slovakia) 3-6, 3-6, 6-3, 6-2, 6-2; (Gr) bt D Shnaider (Russ) 3-6, 7-5, 6-3.
Shinnie (og) 15 18,497 Extras (b 8, lb 1, w 8, nb 1) 18 Ding Junhui (China) 4-0.
10-0-77-1; Tickner 10-0-69-1; Santner 10-0- Total (4 wkts, 50 overs) 288 (11) C Norrie (GB) bt C Lestienne (Fr) 6-3, 3-6,
Smith 28 56-1; Bracewell 6-0-43-0; Mitchell 5-0-30-2. 7-6 (7-2); 6-3.
A R McBrine, M R Adair, G I Hume and J Little
Shankland 40 (pen)
New Zealand (balls) did not bat. Tennis
Ginnelly 45+1
Devlin 61 F H Allen c sub b Thakur 40 (39) Fall of wickets 1-4, 2-25, 3-254, 4-266. Australian Open
Women’s singles: First round
V Gracheva (Russ) bt (8) D Kasatkina (Russ)
Fixtures
D P Conway c K Yadav b Siraj 10 (16) Bowling Ngarava 10-0-40-1; Nyauchi Melbourne Park: (seeds in brackets) Men’s 6-1, 6-1; L Stefanini (It) bt T Maria (Ger) 3-6, 7-5,
Kilmarnock (1) 2 Rangers (1) 3 H M Nicholls b K Yadav 18 (31) 10-0-65-2; Evans 9-3-48-0; Burl 7-0-40-0; singles: First round E Ruusuvuori (Fin) bt M 6-4; (23) Zhang Shuai (China) bt P Tig (Rom)
Stokes 6 Morelos 23, 72 D J Mitchell lbw b K Yadav 9 (12) Butt 8-0-47-1; Masakadza 6-0-39-0.
Zimbabwe (balls)
Purcell (Aus) 4-6, 6-3, 6-4, 7-6 (13-11); D Kudla 6-1, 4-6, 6-0; M Linette (Pol) bt M Sherif (Egy) Football
Wright 85 Kent 51 *†T W M Latham c Sundar b Siraj 24 (46) (US) bt R Safiullin (Russ) 3-6, 7-5, 7-6 (8-6), 6-3; 7-5, 6-1; (27) I Begu (Rom) bt E Mandlik (US)
8,461 W N Madhevere c sub b Adair 2 (14) U Humbert (Fr) bt R Gasquet (Fr) 6-3, 6-4, 6-3; 3-6, 7-6 (7-1), 6-2; L Siegemund (Ger) bt L Premier League Man City v Tottenham (8.0)
G D Phillips b Shami 11 (20)
Sent off: Armstrong (Kilmarnock) 59 I Kaia c Campher b Hume 19 (39) M Cressy (US) bt A Ramos (Sp) 7-6 (7-2), 7-5, Bronzetti (It) 2-6, 6-4, 6-3; L Davis (US) bt D
Livingston P Dundee United P
M G Bracewell lbw b Thakur
M J Santner c S A Yadav b Siraj
140 (78)
57 (45)
*C R Ervine c and b Tector 38 (43) 3-6, 6-3; A Mannarino (Fr) bt J Isner (US) 6-7 Kovinic (Montenegro) 1-6, 7-5, 6-1; C Liu (US) Snooker
G S Ballance c Hume b Little 23 (28) (5-7), 7-6 (10-8), 6-2, 6-2; E Couacaud (Fr) bt H bt M Brengle (US) 6-3, 6-4; N Parrizas Diaz (Sp)
*Postponed due to frozen pitch H B Shipley b Siraj 0 (1) S R Butt c Campher b Adair 43 (45) Dellien (Bol) 6-4, 7-5, 6-0; M Mmoh (US) bt L bt (14) B Haddad Maia (Br) 7-6 (13-11), 6-2; A Cheltenham: World Grand Prix
the times | Thursday January 19 2023 2GM 61
Sport
A
fter the fractious months Messi wins
M Draw 8 Ronaldo its young population. “When these
spent reckoning with his 16 11 kids attend a match every week and
own footballing see Ronaldo playing, that will add to
mortality, one could their passion,” he said. “Also, now that
hardly imagine a he’s here, that will open the door for
more damning confirmation of other players to join the league.”
Cristiano Ronaldo’s decline than The latter half of that statement
his debut tonight. His reluctant F
First encounter alludes to the Portuguese’s global
pasture makes for a kingdom’s Barcelona
B 0-0 Manchester United, appeal and how valuable it can be to a
poster here in Riyadh, where C
Camp Nou, Champions League, nation attempting to reform its image
luminous billboards heralded semi-final
se first leg, 23/4/2008 and diversify its influence beyond the
his arrival throughout the city, might of its oil reserves. Although
yet this final chapter is an Last
L encounter Alkassim wouldn’t confirm it, Saudi
exhibition in celebrity rather Barcelona
B 0-3 Juventus, Camp Nou, Arabia’s long-mooted bid to host the
than sporting conquest, a Champions
C League, 8/12/2020 2030 World Cup is central to that
political coup de grâce ambition. “Every nation would love to
rendering arguably the host the World Cup but nothing is
Minutes
world’s most powerful 3,140
3 3,001 announced so far,” he said, before
influencer as another of Saudi Goals
demonstrating a similar tact about
Arabia’s pawns. 22 21 Messi. “Who would not love to see
It was only two months ago that Assists him playing in their country?”
Ronaldo proudly told Piers Morgan a 12 1 It is indicative of Saudi Arabia’s pull
lucrative twilight in the desert held that Messi already has ties of his own
little appeal, but the temperamental J
June 24, 1987 Born Feb 5, 1985 here anyway. He was announced as
saga that ended in Manchester one of the country’s official tourism
United exile and tears at the World B
Barcelona, PSG Clubs S Lisbon, ambassadors last May but while his
Cup left the 37-year-old with few Man United, advocacy is important, his visits have
alternatives. He might have been Real Madrid, been fleeting. Ronaldo’s presence will
hailed as “the world’s greatest player” Juventus, Al-Nassr be a constant and the 2½-year
at an obsequious unveiling a League titles contract he signed should mean he’s
fortnight ago, but a reported 11 7 still playing for Al-Nassr when the
£173 million-a-year contract with Al- Champions League World Cup voting process concludes
Nassr marked the bitter surrender of 4 5 in 2024. Only last week, Al-Nassr
his status among the elite. That his International honours publicly denied that the move
first appearance will come in an W
World Cup 2022
entailed “commitments to any World
exhibition game, as captain of an all- C
Copa America 2021
Euro 2016 Cup bids”, but Ronaldo’s residency is
star Riyadh XI including players an endorsement in itself.
from arch-rivals Al-Hilal, is a Ballon d’Or Ronaldo is acutely aware of that
testament to that — and having to 7 5 and is keen to avoid an awkward
share the stage with Lionel Messi European Golden Boot conflict with Portugal’s rival bid, but
6 4
will rub salt in the wound. that is the Faustian bargain he has
Paris Saint-Germain arrived in accepted. It required an
Riyadh after a pitstop in neighbouring embarrassment of riches and, after
Qatar, with Messi’s World Cup glory sacrificed and further the feeling that but their magnitude is far outweighed shock victory over Argentina in the Messi and PSG return to Paris, it may
at the forefront of the parade. Reports the past couple of months delivered a by tonight’s spectacle and the notion World Cup group stage. leave him with riches of
have been rife in recent days that Al- decisive chapter in their rivalry. that Ronaldo is now one of their own. When tickets went on sale for embarrassment too. But if he desires
Hilal are attempting to persuade the For those in Saudi Arabia, that It may often be obscured by Saudi tonight’s match, more than two million an audience to fête the delusions of
Argentina star to join Ronaldo here, debate means little. Reuniting Arabia’s ghoulish reputation, but people supposedly joined the online grandeur that caused Europe’s giants
but the 35-year-old’s flame is burning Ronaldo and Messi here for the first there is a genuine football culture queue. One fan even bid £2.1 million to reel this winter, Ronaldo has come
as ardently as ever. A new contract at time in more than two years, and here. It stems back more than a for a “Beyond Imagination” pass that to the right place. He might not be
PSG — or a move to Inter Miami in quite possibly the last time, guarantees century to when foreign pilgrims includes perks such as access to both dealing in the currency of meaningful
the US — is expected soon and he is victory regardless of the match’s introduced locals to the game on their dressing rooms and meet and greets records any more, but a volatile fall
the clear favourite to win the Ballon outcome. A concerted effort to host journeys to Mecca. The Riyadh derby, with Ronaldo, Messi, Neymar and from grace has landed him on a
d’Or. When he takes to the field major sporting events may already be in which Ronaldo will feature in May, Mbappé. It is indeed surreal, but the different kind of pedestal, one
alongside the likes of Neymar and familiar, if not relentless — the Italian can command attendances upwards excitement is not only confined to arguably of even greater importance
Kylian Mbappé, it will serve as the and Spanish Super Cup finals were of 50,000 and a public holiday was locals. One German fan said he’d — and consequence. You suspect he
starkest reminder of what Ronaldo has held in Riyadh in the past few days — declared after the national team’s spent £718 on a second-hand ticket wouldn’t have it any other way.
1
the suspended Casemiro.
Manchester United United have to respond, and main-
Fernandes 43
tain their concentration. Maybe there
was a trace of complacency that made
Goals can be graded by all manner of them believe they could comfortably
criteria, including timing, execution, see out the game after Fernandes’s goal
significance, even quality of the beaten three minutes from the break. Christian
goalkeeper and setting. All those crite- Eriksen laid the ball left to Marcus
ria spiced Michael Olise’s equaliser Rashford, continued his run down the Olise’s late long-range free kick beat De Gea and went in off the crossbar
here at Selhurst Park last night. It came inside-left channel, collected the return
in stoppage time, Fergie time, to Man- and immediately checked on Fernan-
chester United’s deep frustration, and des’s movement.
shook the bar and both ends of the Eriksen cut the ball back perfectly for
Premier League table. Fernandes, who had made a typically
Jeffrey Schlupp, an inspired intro- clever run into space on the edge of the
duction from the bench by Patrick Viei- Palace area. One touch brought the ball
ra, had run at Luke Shaw and Fred and under his control and set up the shoot-
won a free kick right of centre, perfect ing opportunity, and Fernandes’s
for a left-footed player such as Olise. He second sent the ball firmly past Vicente
had had a good game, constantly look- Guaita.
ing to get on the ball and attack United’s Fernandes was playing off Wout
defence. He had started on the right of Weghorst, making his debut five days
a midfield four, then moved inside as a after arriving on loan from Burnley via
No 10, and showed what Vieira praised Besiktas. Weghorst worked hard, show-
as his “tactical discipline”. He has only ing for the ball, giving United that
just turned 21. option of a long ball knowing it would
Now he did the damage with a still stick. Weghorst soon played a one-two
ball. Nathaniel Clyne made a decoy with Fernandes, who released Rash-
move, and Olise charged, four strides, ford and only the excellent Guéhi saw
generating the power to propel the free off the danger. A regular feature of
kick over a wall formed of Alejandro United’s play was Weghorst laying the
Garnacho, Fred and Casemiro. It ball off to Fernandes. His new team-
curled over their heads and away from mates quickly realised that Weghorst is
the stretching David de Gea. It had to be not the fastest so balls had to be to feet
good to beat a ’keeper of De Gea’s shot- or aerial.
stopping strengths, the Spaniard The first half was not a classic, chan-
having already denied Odsonne Édou- ces at a premium. When Tyrick Mitch-
ard and Marc Guéhi. ell misjudged a bouncing ball, Antony
mportant,
The timing was important, nipped in, h hooking the ball but
erfect,
the execution was perfect, just wide.wid Mitchell then
and the fact that the ball threw Antony on to the
struck the bar, bounced ed apron of the pitch, and
down, and ripped thee the Brazilian reacted
net back made it even n ang
angrily. It was pure
more eye-catching. pla
playground theatrics,
The calibre off we
well handled by the
opposition was clearlyy rreferee,
efe Robert Jones.
impressive, and United d A nt
Antony was immediate-
have been the team in ly tre
ly treated to some panto-
form. The significance nce m ime boos which went up
mime
was huge for both sides. s. For aan
n octave
octav when he argued
Palace, it was a welcome wi Fernan
with
wi Fernandes. There was only
reminder that they do have quality in one winner there.
on there United’s captain.
eira’s tactics and
their midst, that Vieira’s United were still indebted to De Gea
changes work, that a poor run of form for pushing Édouard’s powerful shot on
could be overturned through belief, to the bar, then punching Guéhi’s head-
hard work and teamwork. er away. United threatened occasional-
Even though Olise did not celebrate ly on the break. Chris Richards, the
the goal, standing there calmly as if United States defender, marked his first Fernandes opened the scoring for United with a curling finish that gave him his fifth goal of the season — but his side did
something very special was actually Premier League start with a couple of
routine, the Palace fans erupted in joy.
They had been urging their team on as
the clock ticked louder, and their loyal-
well-judged tackles on Antony and
Rashford, then risked conceding a
penalty when challenging Scott
Ten Hag: It was lesson learnt Chief threat
ty and support, not just last night, was McTominay but VAR cleared him.
rewarded. Schlupp and Eberechi Eze arrived continued from back for us, and one of the reasons we are in Matt Lawton, Matt Dickinson
For United, it shredded their chance and caused further problems for the [good] position we are in now, but
of a tenth win on the spin and ruined United. So did Wilfried Zaha, who booked. “We have to take the lesson and the last time we beat Arsenal we did it The greatest threat to Sir Jim Ratcliffe’s
their hopes of overtaking second- looked to have got away from Casemiro invest more for the second goal,” Ten without Casemiro, so we have the ambition to buy Manchester United is
placed Manchester City. Such a studi- until the Brazilian cynically brought Hag said after seeing Michael Olise’s squad to make a plan to beat Arsenal.” expected to come from the United
ous coach and perfectionist as Erik ten him down resulting in that costly book- 91st-minute free kick cancel out A pitch invader also attempted to States, according to sources close to the
Hag will doubtless focus in debriefings ing. Palace fans, wrapped up warm, Bruno Fernandes’s strike to deny his take a selfie with the midfielder before sale process.
on the way United stood off in the appreciated their efforts. Temperatures side a tenth successive win in all being escorted off by stewards. Ratcliffe and his petrochemicals
second half, lacking the urgency that had slid below freezing and the club competitions. Palace remain 12th in the table but company, Ineos, are the first of any
had brought them chances and their shop on the corner did a brisk trade in “It’s difficult to say [why we didn’t the point relieves some pressure on potential bidders to publicly declare
goal, elegantly struck by Bruno branded gloves. It was a night to be clad win]. I have to criticise my team. Go for Patrick Vieira, the manager, after losing that they have officially entered the
Fernandes, in the first half. United all over. And glad all over for Palace the second. Bruno and [Marcus] three matches in a row. race to succeed the Glazer family as the
know how dangerous it is to ease up in when Olise struck and then Casemiro Rashford on the wings, [Alejandro] “The process takes time,” Vieira said. owners at Old Trafford.
the Premier League. Opponents fight missed from close range. Garnacho — a lot of creativity, speed “People are waiting for us to win games They are not, however, the first to
back, urged on by fans who expect total and power and [Scott] McTominay with because of our talent. But the talent register their interest with the New
commitment, especially against penetration behind.” isn’t enough. The team still have to York merchant bank overseeing the
United. There are few easy games. Crystal Palace (4-2-3-1): V Guaita — T Mitchell, United were dealt a further blow with grow, to believe. It was important not to sale, with groups from the US, the Mid-
M Guehi, C Richards, N Clyne — W Hughes
Ambushes lurk everywhere. (L Milivojevic 84), C Doucouré (J Schlupp 71) — Casemiro’s second-half booking for a lose today. dle East and Asia already entering the
The significance was also for City, M Olise, J-P Mateta (E Eze 56), W Zaha — foul on Wilfried Zaha. “They are two teams who [want to process to undertake due diligence.
who will have heard all the talk about O Édouard (J Ayew 71). Booked Hughes. “I think it’s instinctive,” Ten Hag said. play] Champions League football,” But the question for any buyer is how
Manchester United (4-2-3-1): D de Gea — L Shaw,
United being title contenders again, L Martínez, R Varane, A Wan-Bissaka — Casemiro, “He missed the ball. It’s quite clear it Vieira said when asked if his former to grow a business with a price tag of
C Eriksen (Fred 83) — M Rashford, B Fernandes, [was] a dangerous situation. He wanted club Arsenal could beat United. “I think £6 billion to £8 billion, with the view
Casemiro, who was later booked, Antony (A Garnacho 70) — W Weghorst to stop it and that was his reaction. both teams can win the league because being that expertise in how to monetise,
(S McTominay 69). Booked Martínez, Casemiro.
allows a pitch invader to take a selfie Referee R Jones Attendance 35,853 Casemiro is a really important player of the quality of players that they have.” digitally, a worldwide supporter base
the times | Thursday January 19 2023 2GM 63
Sport
Q&A
estimated at between drawn by the prospect
How they stand £6 billion (Sunday of one of Britain’s
Times) and £11 billion richest men, a local self-
P W D L F A GD Pts (Forbes). Ineos makes made man, but Ratcliffe
Arsenal..................18 15 2 1 42 14 28 47 about £53 billion in can expect stiff
Man City ............... 18 12 3 3 46 18 28 39
Man United..........19 12 3 4 30 22 8 39 Sir Jim Ratcliffe is the annual sales. competition and could
Newcastle ............ 19 10 8 1 33 11 22 38 first potential buyer of There are personal even be regarded as an
Tottenham...........19 10 3 6 37 27 10 33 Manchester United to and professional outsider. Middle Eastern
Fulham.................20 9 4 7 32 29 3 31
Brighton................18 9 3 6 35 25 10 30
have gone public with reasons for Ratcliffe’s riches have been
Brentford..............19 7 8 4 32 28 4 29 his interest — but does interest in United. pouring into sport
Liverpool..............18 8 4 6 34 25 9 28 that mean he is the United were the club of (Avram Glazer was in
Chelsea ................. 19 8 4 7 22 21 1 28 favourite to take over his youth — he was born Qatar at the World Cup,
Aston Villa............19 7 4 8 22 27 -5 25
Crystal Palace.....19 6 5 8 18 27 -9 23 the club from the Glazer in Failsworth. He was at seemingly to engage
Nottm Forest.......19 5 5 9 15 34 -19 20 family? We look at the the Champions League with potential
Leeds ..................... 18 4 5 9 26 33 -7 17 big issues around what final in 1999 when the investors); US investors
Leicester...............19 5 2 12 26 33 -7 17
Wolves...................19 4 5 10 12 27 -15 17 could be the most club clinched the Treble. will have seen the
Bournemouth.....19 4 4 11 18 41 -23 16 expensive purchase of a “Three minutes you Chelsea takeover and
West Ham.............19 4 3 12 15 25 -10 15 sports club in history. never forget in your be keen to follow.
Everton ................. 19 3 6 10 15 26 -11 15
Southampton......19 4 3 12 17 34 -17 15 lifetime,” he says. Ratcliffe has
Will United definitely There has also been a previously said he does
be sold? huge shift in Ineos’s not want to be “dumb
United will attract profile and how it has money” in football,
interest from all over the used sport so that the squandering a fortune
world given their global firm is no longer, as like so many owners,
renown and heritage. Ratcliffe once said, “the and while he was willing
Raine, the merchant biggest company in the to pay the asking price
bank hired by the world you have never for Chelsea he does not
Glazers to oversee the heard of”. have the bottomless
sale of a stake or the wealth of sovereign
whole club, is Who would run United? funds, though state-
understood to have had An intriguing backed involvement of
contact with groups appointment last month Saudi Arabia, Qatar and
from the Middle East, US, was the hiring of Jean- Dubai is complicated by
Asia and now Ratcliffe, Claude Blanc as chief their existing interests
the billionaire born in executive of the sports in Newcastle United,
Greater Manchester. arm of the Ineos PSG and City.
Despite United’s business. Blanc spent There is also the
allure, valuation is one more than a decade as involvement of Raine,
obvious issue. There is a a chief operating officer which oversaw the sale
belief at Raine that at Paris Saint-Germain of Chelsea. The bankers
United could attract during the club’s did not like the way that
more than £5 billion but transformation into one Ineos entered the
that is twice what the of the richest in the process so late.
American Boehly- world thanks to a Qatari
Clearlake consortium takeover. He previously What happens next?
paid for Chelsea last worked at Juventus as The upswing of United’s
year (with an additional the chairman and chief fortunes under Richard
promise to invest executive. Arnold, who replaced
£1.75 billion over ten Ineos says Blanc’s the disastrous Ed
years). The world record recruitment was not Woodward as chief
for any sporting directly related to a bid executive, and Erik ten
franchise is the $4.65 for United, given far- Hag as manager is well
billion (about £3.77 ranging interests in the timed for the Glazers
billion) paid for the Mercedes F1 team, and means they may be
Denver Broncos in the America’s Cup sailing, able to sell a resurgent
NFL in 2022, so the Grenadiers cycling side, reassuring
£5 billion-plus is team, All Blacks rugby, potential purchasers.
unprecedented. Nice football club and But there is still huge
United’s revenues of more, but he would investment needed to
€689 million (about bring considerable modernise the stadium
£600 million) put them experience of running and some of the
fourth in global football huge sports training facilities. Ten
according to Deloitte organisations if a deal Hag has improved the
(behind Manchester did proceed. team but they still have
not manage to add a second and Palace’s Olise made them pay late in the game with his stoppage-time free kick City, Real Madrid and to prove they can
Liverpool) but the club Is Ratcliffe favourite for compete for top
Tennis Sport
APPLE
A
t 8.45am on Monday
it was “lights, camera,
action”, and then there
he was. Boris Becker on
television. This was Becker
not talking about his eight months
behind bars, not talking about how
he feared for his life in Wandsworth
From prison to
TV: the strange
prison, not talking about the
occasions when other inmates had
threatened to kill him. This was
Becker talking tennis.
“The most important thing
everyone wants to know,” Matthias
Stach, his co–presenter, said as a
welcome back, “is: how are you?”
Becker reported that he was fine
and, indeed, he looked it. He was
sporting a statement crew-cut plus a
black suit, white trainers. He looked
far fitter than in those court case
rehabilitation of
pictures in April. “I’m back in peace
and freedom,” he said. “I just hid for
some time. And I missed you,
Matthias, my doubles partner at
Eurosport. I’m happy that I can again
pursue my great passion, tennis.”
And with that he was up and
Boris Becker
Tennis may be keen to welcome back one of
running, his TV relaunch swift, neat
and complete, he and Stach now its heroes but, as Owen Slot discovers in
twice a day until the end of the
Australian Open presenting their Germany, the wider jury remains out on one
Matchball Becker programme from a
Eurosport studio on the outskirts of the world’s most notorious bankrupts
of Munich.
It’s curious that the
“yellow press”, as the
tabloids are known
here in Germany, is
desperate to find
him, yet here he is,
on his own shows
in the nation’s
homes on television
twice a day. He has
managed to keep
secret where, in or
near Munich, he is which she rails against
whic squads and went to the same training the sport here. “I am so sad that he
staying. This is a gamee h is ear
his early release. “He camps. “He hated playing with the got in trouble,” Schaffner says. “I feel
that he is good at; when en he ffooled
ooled pepeople,” she said, “he girls,” she recalls. “But that’s normal really sorry for him.”
was given early release se from the ruined them. YouY have to serve for boys. The worst thing he could do “I see first the tennis man,”
eavily man
UK, reporters were heavily man- that [sentence]
[sentence].”” is to lose to a girl. And we had a good Hammer says, “then the man who
marking Berlin and Munich airports She also posted a new year’s picture girl.” That was Steffi Graf. made mistakes.” And he added that
and Becker came through on a private of herself and Lilly with the acerbic On the wall of the training centre, Becker is for ever welcome at the
plane to Stuttgart. message: “We’re celebrating new year there are three vast pictures of its club. Does everyone here feel the
Maybe this just feeds the appetite together with the kids.” three top graduates: Becker, Graf and same? Hammer shrugs. He reckons
for anything Becker. On Sunday Yet if you thought that was hurtful, Anke Huber. The one of Becker is one 80 per cent of the town are still
night Becker’s first wife gave a TV Becker’s new year’s Instagram post is of the classics: at net, Wimbledon, with Becker.
interview which was actually quite also of note. It’s not that he says that mid-dive for a volley. The country is no doubt less in the
soft and empathetic (“We’re all a he feels he “came out stronger” from Back over the road, it is less elite, Becker camp. Bankruptcy is a big sin
family”). Becker himself had given the “most difficult year of my life”, more a community feel. Sabine, here. And, of course, because he is
another Eurosport interview when which is positive, it’s the fact that he Becker’s eldest sister, now lives in Boris Becker, his financial affairs are
he explained that he was fully up to posts this from a beach on an island Switzerland but when she is back all played out in the public domain.
speed with the game because he had off the coast of west Africa — not the home, she will often return here for a He received a reported £450,000
got the BBC and ITV in prison, “so best of looks for one of the world’s game. Claus Hammer, a club director, for a TV interview on his return
I was able to follow every match in most notorious bankrupts. Becker arrives at court with girlfriend last played with her in October. home. He has a two-part docuseries
Wimbledon and the highlights at the So there is a lot of noise, a lot of it Lilian, where he would be jailed. He recalls both Sabine and Boris with Apple TV+ pending, and a book,
US Open”. polarising. Even when he’s on Above and left, he has been largely in from their childhood. He shows a plus an open job offer from the
This follows quotes from a former Matchball Becker and opining about hiding since his early release. Below, picture on his phone of Boris and a national tennis federation. Even when
fellow inmate, speaking to Stern the state of Nick Kyrgios’s knee, it is as a teenage Wimbledon champion club youth team with himself in the you are obliged to hand over half of
magazine, where he said that despite hard not to hear it. So here is what it background. “No,” he says, “I didn’t your earnings to an insolvency
Becker’s claims of hardship in prison, sounds like from Leimen, which is coach him. He already had a administrator, that’s enough to get
he did receive special celebrity Becker’s home town. Frankfurt professional coach then.” He did play you to an African island for new year.
favours, and even “drank coffee with football with him though. “Boris was And he is letting everyone see that
the guards in the staff room”. Leimen is a small industrial town Leimen very good. He had to decide whether too. “I think we will see a different
Anything goes. in the southwest of Germany, midway to play football or tennis.” Boris Becker after imprisonment,” his
It is curious, too, even to see him between Stuttgart and Frankfurt. GERMANY Both Schaffner and biographer, Christian Schommers,
on the TV. He was sentenced to 30 It is known for two things: it was Hammer vividly recall said, “with much more humility.”
months for bankruptcy offences but once home to the largest cement those golden Wimbledon The jury on that — and that is
served eight and was then deported plant in the country and it produced Stuttgart years, 1985 and 1986, when much of the country — is still out.
30 miles
on a fast-track release for non- Boris Becker. the teenage Becker The newspaper Suddeutsche Zietung
nationals. Part of the agreement is How does a town like this make a shocked the world. “It was described him as the “national
that he is not allowed back in the UK man like Becker? The answer is not Schaffner, the sporting director a really amazing time for all treasure who never learnt to take
for several years, yet, as part of the actually that hard to grasp. Go to the of the state training centre, of us,” Schaffner recalls. personal responsibility”.
Eurosport team, he can be teleported Tennis Club Blau-Weiss, where remembers the second. When Hammer remembers the You wonder, therefore: did
into the London studios for the Becker started, five minutes from Becker was 15, club restaurant area Eurosport ever think twice about
broadcaster’s UK transmission. In where his mother, Elvira, still lives, he won the heaving with having Matchball Becker? Is there any
other words, he is not allowed in the and you see a decent local club. It isn’t state men’s members straining sense of tainted goods?
UK, but he can appear on our screens completely Becker-fied, though that singles to see the television. “Not for a minute,” Scott Young,
virtually instead. may be because they are renovating. championship “After that,” he says, the head of production overseeing
This may sound like a fabulous There is just one big picture of him, — not boys’, but “everyone wanted Eurosport, says. “We’re delighted to
deal, but the part that hurts him the plus the indoor court named the Boris men’s — and it to be a member of have him back.”
most is that he cannot therefore get Becker Halle. was, she says, a the club. Germany Tennis, it seems, is only too keen to
visiting rights to his 12-year-old son, But look over the road, literally huge coup. “I i a soccer land
is rehabilitate one of its greatest.
Amadeus, who lives in London with across a tiny road in a small industrial remember going to but Boris made it a Germany, you feel, requires more
Lilly, a second former wife, with suburb, and you see Tennis congratulate him tennis land.” persuasion and Becker needs to work
whom he is on less cordial terms. Landesleistungszentrum: the state and him saying, ‘Bring And what now? What out how to give it.
This is the same ex-wife who spent training centre. So Becker learnt with me McEnroe!’ ” now that the town’s Becker is free in his home country
the new year in Dubai with Cathy the local kids in the club and could Schaffner was five famous prodigal has done yet nevertheless in hiding, unsure
Hummels, an influencer and one of see the state’s elite players right over years older than time in Wandsworth where in the world to settle, but
Becker’s arch critics. Hummels, the road. Becker and, for a brief prison? Their answer is desperate to get to the UK from
former wife of the footballer Mats His first ambition was to get from period, they were in the same. You can’t take where he is banned. It is a strange,
Hummels, has a podcast, Shitstorm, in one side of the road to the other. Susi the same junior away what he did for deeply unenviable version of liberty.
66 Thursday January 19 2023 | the times
A
decade and a half ago, I who died last month. Raducanu. She is a player who, very easy for her to keep up to speed palatable criticisms that followed her
travelled to Florida to visit “For every kid you see here, there just a short way into the third decade with both her tennis and her defeat by Coco Gauff in the
the Nick Bollettieri Tennis are tens of thousands of rivals in their of life, has accumulated achievements schoolwork,” he said. Australian Open yesterday.
Academy in the small home nations who are training just as that few can dream of. She battled One can’t help admiring the way There is nothing wrong with
town of Bradenton. On hard,” he said. “Tennis is one of the through the junior circuit and has she has coped with some of the more feedback, by the way. When it is
the first day, I saw a young Andy most punishing sports because you made her mark on the senior one too, onerous aspects of fame too — and I candid and well directed, we all
Murray playing in heat so ferocious have competitors from Europe, the despite lacking a silver spoon of the don’t just mean the inevitable press benefit from a blast of truth from time
that his sparring partner had to leave United States, Asia, South America, kind that can often make a difference attention. Raducanu had to deal with to time. But this criticism, to me at
the times | Thursday January 19 2023 67
Sport
Sport
2GM
strike stuns
Matt Lawton Chief Sports Correspondent
David Moyes is likely to be sacked by
West Ham United if his side lose to
Everton on Saturday.
The club reiterated their stance at a
United
board meeting yesterday as, while
senior figures at West Ham recognise
the success the manager has had in his
second spell in charge, their drop into
the Premier League relegation zone
Blow as Casemiro ruled after securing only one point from
seven games has persuaded them that a
out of clash with Arsenal change may be necessary.
Moyes, 59, was given three league
games to rescue the situation, and
the encounter at home to Everton,
Crystal Palace 1 who are second-bottom — one position
below West Ham — is now considered
Man Utd 1 critical after a draw at Elland Road
Molly Hudson with Leeds United was followed by
a defeat away to Wolverhampton
Erik ten Hag criticised his Wanderers. Only a win away to
Manchester United side’s lack Continued on page 64
of attacking intent after they
squandered a 1-0 lead in the dying
minutes against Crystal Palace.
United missed the chance to go
second and they are now eight
Crowd to hear
points behind the Premier League
leaders, Arsenal, whom they play
on Sunday. Casemiro will be
VAR reasons
suspended for the game after being Martyn Ziegler Chief Sports Reporter
Continued on page 62
Referees at next month’s Club World
Cup — including the English official
Olise takes his team-mates’ congratulations in
i his
hi stride
id after
f salvaging
l i a draw
d for Palace with a free kick that left Ten Hag, inset, frustrated at two points dropped Anthony Taylor — will for the first time
explain the reasons for VAR decisions
to the crowd at the stadium and the
23 24
25 26
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