Professional Documents
Culture Documents
The Art We Fell in Love To: Britons Told To Get Out of Ukraine
The Art We Fell in Love To: Britons Told To Get Out of Ukraine
F
SATURDAY
February 12 2022 | thetimes.co.uk | No 73705
£2.50 £1.75 to subscribers
(based on 7 Day Print Pack)
2G
in love to
Magazine
C
Caitlin
Cai Moran | Matthew
Parris | Robert Crampton
Par
P
SATURDAY REVIEW Janice Turner
Jan
J
TOM JACKSON FOR THE TIMES MAGAZINE
Britons told
WEEKEND
How to have
happier
to get out children
The expert
guide for
of Ukraine
Russia could invade in days, warn Americans
parents
12-PAGE GUIDE
News
News
News
DANIELSHERIDAN/ABILLIONCLICKS/BNPS
Quintagram® No 1237
Solve all five clues using each
letter underneath once only
1 Centre, core (5)
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2 Small area (5)
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3 Writing eschewing verse forms (5)
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4 Penguin species (7)
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5 Prince song and film (6,4)
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A A A C E E E E
E H H I L M N O
O P P P P P R R
R R R R S T T U
Solutions See page 83
Cryptic clues every day online
Soaring gas prices will make heat pump the cheaper choice measure to reduce travel and
infection risk during the
pandemic. Ministers must now
decide whether to extend them.
Emily Gosden Energy Editor The cost of using a gas boiler will jump heat from the atmosphere, amplify it differential so that a unit of electricity
to £841 a year while running a heat and pump it into the house. At present will be just under four times the price of Walking dementia clue
Low-carbon heat pumps will be cheap- pump will rise to £833, making it the they are more costly than a boiler both a unit of gas.
er to run than gas boilers for the first cheaper option for the first time, to install — up to £10,000, compared Greg Jackson, chief executive of People who walk slowly and
time from April as the cost of gas soars, according to analysis by Octopus with about £3,000 — and to run. Octopus Energy, said: “The gas crisis struggle to remember things are
according to new analysis. Energy. Heat pumps are more efficient than has pushed electricity costs up too, but twice as likely to get dementia, a
A typical household would spend Heat pumps are seen as crucial for gas boilers, using 3,000 kilowatt hours despite the huge tax distortions we are study suggests. Researchers from
£464 a year on burning gas for heating Britain to decarbonise its heating. of electricity to heat an average home now seeing heat pumps becoming the University of Edinburgh said
and hot water at today’s prices while About 80 per cent of homes burn gas, a for a year, compared with 12,000 kilo- cheaper to run.” walking speed should form part
using an electric-powered heat pump polluting fossil fuel that causes climate watt hours of gas for a boiler. Government and industry are work- of clinical examinations to spot
would cost £589 a year. change. Octopus Energy, Britain’s However, the cost of a kilowatt hour ing to reduce the cost of installing heat signs of motor cognitive risk.
However, gas prices are set to rise fourth-biggest household energy sup- of electricity is now more than five pumps which Octopus said meant by Donncha Mullin, from the
more steeply than electricity when the plier, is a proponent of heat pumps. times higher than that for gas. The April it would be able to install a pump university, said: “It is quick, cheap,
energy price cap is raised from April 1. The devices use electricity to draw change to the price cap will reduce the for a similar price to a gas boiler. and easy to check for MCR.”
the times | Saturday February 12 2022 5
News
The dangers of virtual
reality games can
include reaching into
a ceiling fan, tumbling
into a television
screen and crashing
into children and
household pets
u
units were sold
a
around the world last
y
year. Aviva
h
highlighted one claim
in which a client
th
threw a VR handset
in his TV when a
into
z
zombie jumped out
a him. Several
at
c
customers had
re
reported falling
h
head-first into their
te
television sets.
repo t d O
reported. One German
G Liam Gallagher, the
even broke his neck. former Oasis
An online forum frontman, said last
Mishaps mean called “VR to ER” on
Reddit has more than
week that he fell into
his fridge while
V
irtual crash into TV sets, trip Aviva said home and I’ve stacked it.
reality (VR) over their coffee tables contents insurance Nearly smashed my
headsets and smash ornaments claims involving VR face in. I’ve ended up
may be while engrossed in headsets rose by more in the fridge.” He
bringing their alternate reality. than 30 per cent last added that he had
users too close to the Most of the year. It added that the given up the games.
cold, hard truth incidents are minor average VR-related Kelly Whittington,
(Andrew Ellson but some people have claim was £650, with of Aviva, said: “These
writes). Aviva, the seriously injured TV sets the most devices can be a great
insurance company, themselves. Cracked damaged item. source of fun but we’d
reports that claims for kneecaps, dislocated The International encourage people to
accidental damage shoulders and cut Data Corporation said be mindful of their
have surged as gamers hands have been that nearly 8 million surroundings.”
I
for-tat” feud between international n the Malmo importations of drugs via his friend Naief Adawi, served kingpin Daniel Estevan Pino-Munizaga, 35, was
drug gangs shot dead a rival in front of underworld, the Sweden’s ports, faced a who had also moved to Petrovski, who was acquitted of murder but instead found
his wife and child in an upmarket gangs are known growing threat from a Battersea. Minutes after locked in a war with guilty of an alternative charge of man-
London neighbourhood. as The Boxer and group led by Amir Beqiri was shot dead , she Mekky, 24. Mekky is also slaughter.
Anis Hemissi, a former professional The Alliance. On Mekky, known as The made a phone call to involved in cocaine and Tobias Andersson, 32, and Bawer
kickboxer, faces life in jail after shoot- Christmas Eve 2019, their Boxer. The Malmo Adawi. “Maybe cannabis trafficking, and Karaer, 23, also from Sweden, were
ing Flamur Beqiri, 36, eight times in bloody feud reached a initiative to shut them someone’s coming for you was arrested in Dubai in acquitted of both charges.
Battersea, west London, on Christmas quiet west London street down is called Operation as well,” she told him. 2020. Clifford Rollox, 31, from Islington,
Eve in 2019. (John Simpson writes). Snake, because detectives Beqiri’s friend had Violence — including north London, and a Dutch national,
Hemissi, 24, travelled to London and Flamur Beqiri, a say the criminals “slither already survived one kidnap and murder — Claude Isaac Castor, 31, from Sint
posed as a street cleaner, disguising leading light in The away when police pursue attempt on his life, when escalated from 2018, and Maarten in the Caribbean, were found
himself further with a latex mask, sun- Alliance, bought the them”. gunmen opened fire as he by the following summer, guilty of perverting the course of justice
glasses, high-vis work clothes, a litter property in his wife’s Fifteen members of left his Malmo apartment Adawi and Beqiri had after being hired locally to clean up the
picker and black bin bag as he reconnoi- name in 2017 for The Alliance are on trial in August 2019, carrying become targets. It also flat where the killers had stayed.
tred the area around his target’s home £1.7 million to try to in Sweden after police his newborn baby emerged that Mekky’s They were seen removing a large
in a meticulously planned murder. create distance from the intercepted an alleged daughter. As Adawi ran men had not been suitcase on Christmas Day, but police
He had told the jury that his trip to violence threatening his attempt to take out The away, his partner, Karolin Beqiri’s only enemy: were on the scene before they could fin-
the UK was to watch “Netflix and chill” young family at home. Boxer and his associates, Hakim, 31, was shot police intelligence ish the job and evidence re-
with a woman he had met online. Despite installing top- with a price on each of multiple times and killed. suggests he was in covered included a
Yesterday he was found guilty of quality CCTV, he was their heads. The court heard that dispute with, or in ripped-up flight ticket
murder and possession of a firearm shot dead on the doorstep Beqiri’s glamorous Adawi, who was jailed for debt to, criminal stub bearing Hemissi’s
after a two-month trial at the Old in front of his wife and wife, Debora Krasniqi, eight years in Denmark associates, name.
Bailey. child. His gang, appeared aware of the in 2010 for a £7 million including Albanian Karaer’s cousin,
It can now be revealed that Hemissi responsible for massive threat to her husband and robbery, and Beqiri gangs. Ahmet Karaer,
had been a suspect in the murder of a suspected of helping
man shot dead near his own father’s to finance, plan
home in Malmo but was never charged. Anis Hemissi Cernobbio, by Lake Como, Italy, and ganised crime and organise
Beqiri was an Albanian-born Swed- faces life in jail she told the Grace Ormonde Wedding groups”. the murder, is
ish criminal living in London. His sister after being Style magazine they “fell deeply in love” She added: “It is wanted by
was married to a Manchester United convicted of at the wedding of his sister, Misse. an international police,
footballer and starred in The Real killing Flamur Beqiri’s wife was with him holding assassination having dis-
Housewives of Cheshire. Beqiri in front of hands with one of their young children which required appeared after
He had claimed to be running a his wife Debora when Hemissi, again wearing a latex meticulous plan- being deported
record label in the UK but Swedish in west London mask, fired ten shots from a pistol, hit- ning and involved from Egypt,
organised crime police knew him to be ting Beqiri with eight bullets from be- a group of orga- where he was
among the most feared gangsters in the hind him. nised criminals re- held for drug
country. The choice of date — Christmas Eve cruiting a team to smuggling.
A leading member of a drug gang, His sister, Misse Beqiri, is the former — was to maximise the devastation, it is carry out this shock- Mrs Justice
Beqiri fled Malmo for Britain with his wife of the ex-Manchester United goal- believed. ing and brutal Cheema-Grubb
family and a fellow gang member amid keeper Anders Lindegaard and starred Louise Attrill, senior Crown Prosecu- murder.” will sentence
intensifying violence. His gangland ri- in The Real Housewives of Cheshire for tion Service prosecutor, said yesterday The court was told those found
vals sent Hemissi to the UK to track two seasons. that the murder was part of “a tit-for-tat that three other Swedes guilty next
him down and kill him. Beqiri married Debora Krasniqi in rivalry between two very significant or- had also flown to Friday.
6 2GM Saturday February 12 2022 | the times
News
News Ukraine crisis
News
News
Yelnya
lny
nya
Unecha ov
ovka
Lesnovka
Postayalye
Dovry Voronezh
n
Klimovo
Kursk
Baltimore
m
Pogonovo
o
Soloti
Kharkiv
v RUSSI A
Donbas
region LUHANSK
LUH
HANSK
U KRA INE Volgograd
rad
Separatist
e
Ben Wallace, the defence secretary, with his counterpart, Sergei Shoigu, flanked
area by Admiral Sir Tony Radakin, chief of the defence staff, and Valery Gerasimov,
DONETSK
DONE
NE
ET
ETSK
ET chief of Russia’s general staff, in front of a painting in Moscow showing
Rostov-on-Don
Rostov-on-D
R n-Don
n Montgomery, Eisenhower and their Russian and French allies in Berlin in 1945
CRI M EA
Dzhankoi
nk Mariupol
Mariup
Mar
a
Number of battalion
tactical groups
Britain offers fighting
14 100
talk and a pointed gift
In transit
AZOV SEA 100 miles
Novoozerne
erne 83
60
Krasnodar
K
Kr
rassno
noda
oda
darr matic activity already this week,
Larisa Brown Defence Editor, Moscow
Bakhchysarai
Bakhchysara
ai
a including a visit by Liz Truss, the for-
Opuk Vladimir Putin would not survive as eign secretary, and President Macron
Sev
Seva
Sevastopol Russian president if he invaded of France to Russia, all of which have so
Jan 26 Now Needed for
full-scale Ukraine, Ben Wallace said last night far failed to lead to a breakthrough on
B L AC K S E A invasion after crunch talks with key Kremlin the crisis near Ukraine’s border.
figures in Moscow. In opening remarks during a bilateral
On the first visit by a defence secre- meeting at the Russian defence minis-
tary to Russia in more than two try in Moscow earlier in the day, the
decades, Wallace said such a move Russian defence minister said that the
would have “long-term consequences” level of co-operation with Britain was
for Russia’s position in the western “almost zero” and warned it was about
world and would lead to regime change. to cross into the “negative side” as he
It would result in “long-term isola- questioned why the UK had sent
tion” and have such a significant eco- special forces to Ukraine.
nomic impact that it “would be hard to Shoigu said the two nations shared a
see how the government who commit- “common brotherhood”. Urging the
Ukrainian defies ban on Seizing assets ted this would be able to survive in the
long term with its people”, he said in his
strongest remarks yet concerning the
UK to stop supplying weapons to
Ukraine, he said: “I would like to see the
reason why the UK is sending special
News
DAN JESSUP/SUSSEX NEWS AND PICTURES
B
irdwatchers are “They do migrate in The American robin
flocking to a large numbers in usually migrates from
quiet East America so this one has Canad to Guatemala.
Canada
Sussex street to gotten lost en route.” fir recorded
The first
catch a glimpse David Campbell, the Birdwatchers were out in sightin in Britain was in
sighting
of an American robin county recorder for the force in Eastbourne to Devon in 1952. There
that was probably blown Sussex Ornithological photograph an American have since been 28
off course while Society, told Sussex robin believed to have sightings, with the last in
migrating to South World that the last time been blown off course Devon in 2018.
S
olar panels are one of the find it has spent £12 million on solar
many products from panels tainted with forced Uighur
Xinjiang found to have labour.”
been made by forced A spokesman for the justice ministry
Uighur labour, both in said: “We will never tolerate the use of
giant internment camps run by forced labour – in the absence of cate-
Beijing and in factories gorical assurances about the supply
(Catherine Philp writes). chain, we will cancel this contract im-
Xinjiang produces almost half mediately.
the world’s supply of polysilicon, “The UK has led international action
which is extracted from quartz to hold China to account at the UN, im-
mined in the province. It is also posed sanctions against senior officials
home to a vast cotton industry and introduced robust domestic meas-
and accounts for a fifth of global ures in respect of supply chains.”
supply. Researchers have found Jinko did not respond to a request for
Uighur forced labour in both the comment but has previously said it con-
textile factories and the fields — demns the use of forced labour and that
a grim echo of the Atlantic slave research does not “demonstrate forced
trade in which Africans were labour in our facilities”.
transported to pick cotton. The Chinese authorities have also
The US has banned all cotton denied claims that factories producing
imports from Xinjiang. Britain the materials are made under coercion.
has imposed due diligence guides An Engie spokesperson said: “The
on the textile industry to try to group and all subsidiary companies
prevent products made by Uighur firmly condemn forced labour and any
slaves reaching UK markets. violation of human rights. Engie has set
Beijing claims that the purpose up a purchasing management system
of its “re-education camps” in that aims to control and reduce ethical
Xinjiang has been fulfilled and risks. Our purchasing policy
all those held have “graduated”. targets forced labour in its paragraph
on ethics and social responsibility.”
the times | Saturday February 12 2022 2GM 9
News
W
gent as Jouvenal suffers from high hen two The two climbers were Gargoyle Wall, with a have been waiting
waiti for a selective or independent schools. Most
blood pressure and needs medication. climbers Joe Brindley and Tim 500ft drop below them, bus. Macallister said: “At of those take Latin and can study
Diplomatic sources said it was not were Exley, with a third friend, was taken on Friday last one point I did see extracts from one book of the Aeneid.
clear why the Britons were seized, but spotted Rhys Macallister, out of week by Rebecca Coles, another lad below us who Foster carried out a close analysis of
that they could be caught up in internal on a tiny shot a few feet away 41, a mountaineering was guiding a woman up three GCSE Latin groups at state com-
disputes in the Taliban, with one side ledge on Ben Nevis’s around the corner, and instructor, from near the having a cigarette, so I prehensive schools.
wanting to follow Iran’s lead in using north cliff face, with no they were so in control of top of number 3 gully, shouted down ‘I wouldn’t All but one pupil claimed to enjoy at
foreign hostages as leverage. rope in sight, they the situation that close to the summit of the mind a cigarette’. least something about the Aeneid but
A Foreign Office spokeswoman said: appeared to be in urgent Macallister even 1,345m mountain. “He said ‘I’ll fire you up just 39 per cent said they liked studying
“We are providing support to the fami- need of rescue (Ross persuaded a group of After Coles shared the one’, so I roped down a poetry in English lessons, while most
lies of a number of British men who Kaniuk writes). The climbers below to send photograph on Twitter, dry bag for it.” were ambivalent and 16 per cent active-
have been detained in Afghanistan.” ly disliked poetry.
10 Saturday February 12 2022 | the times
News
News Police
Mayor in row
over size of
Met chief’s
exit payoff
Matt Dathan Home Affairs Editor the Met to account, and it is absolutely
Fiona Hamilton, John Simpson right that he ensures it has the right
leadership to command the trust and
Dame Cressida Dick and Sadiq Khan confidence of Londoners, which is so
were engulfed in a row over the size of crucial to policing by consent.”
her payoff last night, with claims that David Lammy, the shadow foreign
she could receive more than £400,000 secretary and a close ally of Khan, said:
after he forced her to resign. “Priti Patel and her team seem more
The Metropolitan Police commis- concerned with squabbling about the
sioner is expected to stay on for two process of Cressida Dick’s resignation
months to oversee the investigation than the vitally important issue of re-
into Downing Street parties. That will storing trust and confidence in the Met.”
avoid her replacement being tarnished MPs, and relatives of victims affected
by its conclusion, which could decide by scandals that dogged Dick’s time in
Boris Johnson’s fate as prime minister. office, said Khan should either resist
Priti Patel, the home secretary, is ex- offering Dick a payoff or fund it himself.
pected to appoint an interim commis- Sir Iain Duncan Smith, the former
sioner while an “open and competitive” Conservative Party leader, said Khan
recruitment process is launched. had erred by failing to inform the Home
Last night the mayor was trying to Office that he was withdrawing support
avoid having to hand Dick a payoff that from Dick. “He should have consulted
could exceed £400,000. She is paid a the Home Office first — there are rea-
salary of about £230,000 and signed a sons you need to get your ducks in a
contract in September to serve a two- row. They would have checked her con-
year extension to her original contract, tract. But he’s forced her out and she
which was due to expire in April. Both may now have a case for constructive
the Met and City Hall refused to com- dismissal thanks to the mayor. If they
ment on claims that Dick is entitled to end up having to pay out huge sums of
be paid the full salary she would have money, he’ll be the one to blame.”
received had she remained in post until Harvey Proctor, the former Conserv-
April 2024. This would mirror the situa- ative MP who was falsely branded a
tion with Sir Ian Blair, who received a serial child killer by the paedophile Carl
£300,000 payout after being forced out “Nick” Beech as part of the Met’s
as Met commissioner in 2008 by John- botched Operation Midland, said that
son, who was then mayor of London. Khan should be personally responsible
Experts said Dick will also have a pen- for the payoff. He said: “Sadiq Khan has
sion pot in excess of £100,000 a year. messed this up and he should be per-
Dick’s sudden departure leaves polic- sonally responsible out of his personal
ing in turmoil, with the three most im- purse for the £460,000 that his mess
portant jobs all vacant. Patel is also re- has caused. She should not have been
cruiting a director-general of the given an extension to her contract.”
National Crime Agency and of Her Alistair Carmichael, the Liberal
Majesty’s Chief Inspectorate of Con- Democrats’ home affairs spokesman,
stabulary. Some leading candidates for said: “Most taxpayers would want to see
the Met commissioner post are at the money spent on rebuilding the Met,
final interview stage for the other jobs. rather than rewarding those responsi-
Khan’s treatment of Dick is said to be ble for its problems.”
deterring some police leaders from Last night Patel said that the challen-
applying for the job. Five months ago he ges facing the new commissioner were
wanted to give her a three-year exten- “stark and could not be more sobering”.
sion. On Thursday he forced her out. In a statement, the home secretary said
One chief constable said: “Senior Dick’s replacement must demonstrate
leaders in policing who would other- “strong and decisive” leadership to rid Dame Cressida Dick appeared in good spirits on her way to work yesterday. Her sudden resignation has led to a dispute with
wise have wanted to go for the job are the force of sexism, racism and institu-
looking at what happened and how
Sadiq has threatened Cressida and say-
ing, ‘I can’t work with him’.”
Another senior policing leader said
tional corruption. The first task would
be to “restore public confidence” in
Britain’s biggest police force, she said.
The Home Office said the recruit-
Candidates offer a thin blue line-up
that good candidates could be put off by ment process would be carried out as Fiona Hamilton Surrey, lost out to Dick when she was “Lynne’s health would not be a block.
the treacherous politics intertwined quickly as possible but that the priority Matt Dathan Home Affairs Editor appointed in 2017. Cooke and Sawyer She is looking at next steps but would
with the role. “Given what has hap- was to select the “best person”. It has are in the running to be Her Majesty’s need a lot of encouragement to be per-
pened and the brutal public way in ruled out a replacement from abroad. Four middle-aged white men from Chief Inspector of Constabulary. There suaded to apply.” Home Office sources
which she has been forced out, how Johnson is keen to distance himself outside the Metropolitan Police have are few female candidates unless Dame said that Patel liked and respected her.
does a new person lead the Met?” they from the appointment to avoid sugges- emerged as early frontrunners to Other possible contenders include
said. “How do you maintain the confi- tions he is influencing the leader of the replace Dame Cressida Dick. Mark Rowley lost Graham McNulty, a Met deputy assist-
dence of the force, the public and the force investigating the No 10 parties. Priti Patel wants Dick’s successor to out on the top job ant commissioner who has impressed
politicians? It’s an impossible task.” The interim commissioner is likely to be an outsider who can shake up the to Dick in 2017 Patel with his handling of county lines
A minister accused Khan of “using be Sir Stephen House, Dick’s deputy, Met’s culture, and plans to look at can- drug rings — though sources said the
the Met commissioner role as a political according to Home Office sources. An didates across the policing spectrum. top job would be a big leap. Assistant
football” to disguise his own failings as ardent supporter of stop and search de- The early frontrunners are consid- Commissioner Neil Basu has fallen out
mayor. The minister said: “If you were spite conflict with London’s black com- ered to be Sir Mark Rowley, the former of favour with No 10 and is shortlisted
someone who is towards the top of your munity, he is not expected to be consid- head of anti-terrorism; Andy Cooke, for the NCA’s director-general position.
force and who thinks they’ve got six, ered as a permanent replacement. the former Merseyside chief who is a Lynne Owens, the former head of the Martin Hewitt, the head of the National
seven years left of their career, it would Additional reporting by Laurence watchdog inspector; Shaun Sawyer, the National Crime Agency and former Police Chiefs’ Council, has always been
be a brave move to gamble it on falling Sleator and Ross Kaniuk chief of Devon and Cornwall; and Steve Surrey chief, throws her hat in the ring. considered reliable and uncontrover-
out with the mayor of London.” Tough act to follow, letters, page 29 Kavanagh, the former Essex chief seen She stepped back from public life last sial. Iain Livingstone, the chief of Police
A source close to Khan defended his The job has become all but impossible, as having done a good job at Interpol. year after a cancer diagnosis but has Scotland, is seen as having turned
decision, saying: “Sadiq’s job is to hold leading article, page 30 Rowley, the respected former chief of fully recovered. A friend told The Times: around his force after a difficult start.
the times | Saturday February 12 2022 11
News
News
JEREMY SELWYN; BEN CAWTHRA/LNP
Too big not to fail: next leader will pick up a poisoned chalice
Analysis swords, however, there compassion and her Dick suggested that “Given what has pinnacle of policing. to deal with complex
is always an abundance intelligence. The rank such incidents were far happened and the brutal And there’s public duty.” vulnerabilities in victims,
H
eading the of candidates who think and file loved her from the norm. public way in which she Patel needs to find a a deluge of mental
Metropolitan they will be the one to because she went in to Her defiance in a has been forced out, strong leader who can health cases, and
Police is like make the job work. bat for them. radio interview on how does a new person bring about real change, regularly pick up the
being When Dame Cressida That defensiveness Thursday, arguing that lead the Met?” one while tackling big crime slack for other agencies.
England Dick was appointed in was ingrained as a Met she was doing enough to senior source asked. challenges. Teenage This is combined with a
manager — no shortage 2017, she was “lifer”. But it also helped fix the toxic culture, was “How do you maintain killings are at a high, criminal justice system
of armchair critics, determined to change to bring her down. As the final straw for Sadiq the confidence of the and detection rates for clogged with backlogs,
abuse from all the narrative, and many the Met was battered by Khan, mayor of London. force, the public and the crimes such as burglary staffing and budget cuts,
directions, and a very believed she could do it. claims of institutional The swiftness of the politicians? It’s an are at historic lows. and ebbing public
good chance it will end Widely considered the racism and corruption, execution, and the way impossible task.” There are questions confidence.
in ignominy (Fiona brightest officer of her Dick backed her people Dick had been publicly One chief constable about whether the Met The turbulence at the
Hamilton writes). generation, Dick was to the hilt and denied castigated for months by said: “It’s an absolutely is simply too big. But Met presents an
Despite a long history liked by senior that problems were Khan and by Priti Patel, poisoned chalice. there is a wider question opportunity to clarify
of commissioners who colleagues and widespread. As it was the home secretary, may Nonetheless there will about what the police the role of the police,
have been ousted and politicians for her calm engulfed in allegations give potential successors be plenty of people are for. Every day chief before it becomes a
forced to fall on their but resolute manner, her of misogyny and sexism, pause for thought. applying for it. It’s the constables are expected simply impossible job.
12 Saturday February 12 2022 | the times
News
M
claim that Percy had stroked her hair in May, Dame Sarah Asplin, investigating usic from almost 30 years would
the college cathedral 16 months ago. as the president of Church of England Swan Lake be a “dream come true”
The governing body, under scrutiny tribunals, concluded that the dean’s or Carmen but entertaining
from the Charity Commission over its reported conduct “was not overtly is a audiences around the
use of charitable funds and facing pres- sexual”. She did not proceed to a disci- familiar world with their
sure from the university’s chancellor plinary tribunal. The police had previ- soundtrack when the “boundary breaking”
Lord Patten of Barnes, had little choice, ously declined to pursue the matter. world’s top skaters take routine in Beijing today
however, when the implications of con- The woman accepted an undisclosed to the ice (Katie is what drives them.
tinuing were spelt out. The academics payment from the college, reluctantly Gibbons writes). The “It’s quite different
were told the dispute could have con- accepting it was “my word against his”. rock band Kiss are more and hasn’t really been
tinued for three more years with mount- She said in a statement: “I know what I to the taste of Britain’s done before in the figure
ing costs and big payouts to the dean. experienced and I want to ensure no Lilah Fear and Lewis skating world. That’s
A tribunal into the hair-stroking other student or member of staff has to Gibson, however. really what we love to do
claim would have cost up to £780,000 in go through the ordeal that I have.” The dancers hope their — try to kind of push
lawyers’ fees and £115,200 for the hear- Percy’s supporters are pushing for a Olympic performance the boundaries and take
ing. A “medical board” to determine leaving service for Percy in Christ and its music will be a something that’s a little
Percy’s mental competence to stay in Church Cathedral. This seems unlikely. breath of fresh air for nostalgic and make it
office would have cost up to £270,000. Christ Church said: “The dean does fans of the sport. fresh and make it ours,”
Percy was also pursuing an employ- not officially leave until April 26. Until Bringing home the said Gibson, 27, who has
ment tribunal claim. Fighting it would then the dean has agreed to withdraw first medal for British been inspired in his
have cost up to £815,000. Percy might from his duties including attendance at Olympic ice skating for choice of career by
have received £500,000 had he won. events. We do not comment on costs.”
the times | Saturday February 12 2022 13
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MAJA HITIJ/GETTY IMAGES
News
News Politics
News
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TMS
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TOLGA AKMEN FOR THE TIMES
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TIM P. WHITBY/GETTY IMAGES
Oscar hopeful
children’s ‘make believe’ play, but I think
that creativity was always there. Her
imagination was always working.” At
Ursuline Secondary School in Tipper-
ary, where Buckley boarded from the
age of 12, teachers remember a deter-
Rikki Neave suspect ‘had abused boy’ Buck House fizz? Queen’s
David Brown tioned again in October 2015 he told
police that he had walked to Wellend
threw a stone at a starling, killing it. She
went on: “It was only a little bird. He laid
jubilee bubbly is £39 a pop
The suspected murderer of Rikki primary school with Rikki most days. it out and spread its wings on its back.”
Neave sexually assaulted one of the He said that he could not recall speak- He then put it in his pocket, she added. Lianne Kolirin having “enticing aromas of rich and
schoolboy’s friends, throttled a teenage ing to his police or mother about the Watson had lived at another child- honeyed citrus fruit, white peach and
girlfriend during sex and had an inter- alleged sexual assault and had not seen ren’s home in March, Cambridgeshire, It is, one might say, a sparkling wine fit hints of sweet spices”. The Royal Col-
est in dead birds, a court has been told. Watson, of no fixed address, “for years”. between November 1994 and August for a queen. lection suggests that the tipple can be
James Watson was 13 when he alle- Yesterday Watson’s former girlfriend 1995. Jean Larkin, its manager, said that To commemorate the Platinum Jubi- enjoyed as an aperitif and pairs particu-
gedly strangled Rikki, six, and posed told the court that they had met at a “magazines related to children and lee, the Royal Collection Trust has re- larly well with mature English cheddar.
him naked in woods near his home in children’s home aged 14. He would take toddlers, babies, in clothing — under- leased a special-edition £39 blend of “It also complements British seafood,
Peterborough in November 1994. Now a “survival kit” including a knife when wear mostly”, were found under his bed, chardonnay, pinot noir and pinot meun- such as crab, langoustines or classic fish
43, he denies murder. they went into woods for sex four or five as well as a “dismembered” pheasant. ier, made from hand-picked fruit grown and chips, making the wine a perfect
Rikki’s friend, who lived on the same times. She said: “When James got The Old Bailey has been told that on vineyards in Kent and West Sussex. addition to Platinum Jubilee celebra-
Welland estate, told his mother that in excited towards the end, at the end part, Watson had a “grotesque interest” in The label design is inspired by tions this summer,” the trust added.
April 1993 Watson had touched his gen- he would have his hands on my neck child murder and was the last person the gold embroidery on the Queen’s British hand-cut champagne flutes
itals and asked him to touch his before and leave marks on my throat, more seen with Rikki. In the original police Robe of Estate, worn on her Coronation are also on sale on the Royal Collection
ordering him “not to tell anybody”, the than once.” investigation he was ruled out as a sus- Day in 1953. A EIIR cypher is surround- website. Costing £120 a pair, the glasses
court heard. Watson denied touching She said this had had a “profound pect because of a “fundamental error”, ed by golden olive leaves and ears of are engraved and come in a satin-lined
the boy and after being questioned by effect” and that he became “more the jury has heard. The prosecution say wheat to symbolise peace and plenty. gift box. Other specially commissioned
police was told the matter would not be forceful” as time went on. She said that that his DNA was found on Rikki’s Gold in colour, the luxury 12 per cent items include a silk scarf (£195), a tea
taken further but would be recorded. she had thought he was “trying to stran- clothes, which had been put in a bin. abv English Sparkling Wine Platinum towel (£9.95) and, as the indispensable
When the alleged victim was ques- gle” her. She also said that Watson once The trial continues. Jubilee Release 2022 is described as sign of our times, hand sanitiser (£3.95).
22 2GM
M Saturday
S
Sa
atu February 12 2022 | the times
News
particularly out of awards season too. performing colours.
character for the Insta- The BBD (boring Her team has “heavily
Bright young things set, who are typically
more peacock than
black dress) reigned
supreme at the
invested in it for
spring/summer 2022”.
go back to black raven. They spend
fashion week vying for
Brits. Adele wore
two over the course
“Despite summer
collections
attention in look-at-me of the night. In LA, traditionally leaning
I
n the pre- shows last month, outfits. In fact, since on the same towards brighter
Instagram era, head-to-toe inky influencers started evening, Jodie tones, this season
fashion editors outfits lined the streets appearing on the front Comer wore a black there was a decided
wore so much of Paris. Nearly every row, subtle subdued lace top and shift and we’re
black that they VIP attending the Brit looks had become all trousers to promote banking on full black
were nicknamed “the awards on Tuesday but extinct on it — the fourth season of looks,” she adds.
crows”. This spring, evening wore the until now. Killing Eve. Online searches
they are coming home shade. Buyers at high- They are flocking At the luxury for black dresses are
to roost (Hannah end boutiques have back to black boutique Browns up 14 per cent this
Rogers writes). stocked their shelves monochrome: a trend Fashion, Heather week, according to
On the red carpet, with coal-hued pieces already big on the Gramston, head the global shopping
front row and designer for spring and online catwalk at Balenciaga, womenswear platform Lyst. Those
store rails, one colour shopping searches for Celine and Chanel. buyer, says that for black suits have
is dominating right black are on the rise. The red carpet is off black is one of increased 26 per cent.
now: black. At couture The look is to a gothic start this its top- At John Lewis the
trend has spread into
its beauty department:
sales of black
eyeshadow and nail
polish are up 169 per
cent and 435 per
cent respectively on
last year.
Might we be in for a
Dark times: long, goth summer?
Gitta Banko, left, Don’t worry too much
Diane Batoukina — there’s still time for
and Scarlett something else to catch
Gartmann-Reus on by the solstice.
Improve welfare
for fish — they
have feelings too
Ben Webster Environment Editor dropped on the floor and left to die. The
company said the treatment of the fish
Farmed fish should have the same legal was unacceptable and it operated under
protection as other farmed animals, “the best industry standards available”.
according to an animal welfare group The foundation’s report refers to the
backed by the prime minister’s wife. findings of the government’s Farm
The Conservative Animal Welfare Animal Welfare Committee, which said
Foundation, which has Carrie Johnson in a 2014 opinion on fish welfare that “at
as a patron, says fish deserve to be treat- least some species, including trout,
ed with the same care as cows, pigs, have a sensory experience of pain” as
sheep and other livestock because they well as “a degree of sentience”.
experience stress and pain. Studies have shown that fish feel pain
The foundation is focusing on im- and change their behaviour to avoid it.
proving fish welfare during slaughter In one study, goldfish were given an
because that is where the biggest differ- electric shock in an area of a tank where
ences in protection lie. they received food. They avoided that
Slaughterhouses for land animals are area for three days before hunger over-
required to have a vet on site and must came their fear.
have CCTV in all areas where animals The foundation report says: “The UK
are handled, stunned and killed, with government is failing aquatic animals,
footage stored for independent inspec- dismally. Combined with a complete
tion. Such legal requirements do not lack of regulatory oversight of farmed
apply to fish slaughter facilities, which fish abattoirs, the billion-pound aqua-
are not subject to routine welfare in- culture industry is being left to monitor
spections by public bodies. itself in the eyes of the law.
The UK industry, which rears up to “This leaves these already vulnerable
80 million fish a year, has instead animals entirely exposed to the whims
adopted voluntary codes of practice. of an industry that wishes only to mon-
A report by the foundation cites evi- etise and commodify these creatures.”
dence of abuses of fish revealed last It calls for unannounced welfare
year by The Times. Fish reared by the inspections of fish slaughterhouses and
Scottish Salmon Company, which sup- says they should be required to install
plied Waitrose and the Co-op, were left CCTV, with footage reviewed by public
to suffocate on the floor, repeatedly bodies.
clubbed and had their gills cut while Chris Platt, co-founder, said: “The
still conscious. UK has been at the forefront of
A stunning machine at the firm’s progress in implementing some of the
plant at Arnish on the Isle of Lewis fail- highest animal welfare standards in the
ed to render them unconscious and world. However, aquatic animals have
workers used their fingers to tear the been excluded from much of this
gills and struggled to keep up with the legislation.
volume of fish wriggling on the unit. “With the government including fish
The Scottish Salmon Company said in the Animal Welfare (Sentience) Bill,
that the footage from late 2019 did “not it feels only right that they should be
in any way represent” its operations. afforded the same legal protections as
Fish were thrown and kicked as they other farmed animals.”
writhed on the ground in 2020 at Test The Department for Environment,
Valley Trout Farming in Hampshire, Food and Rural Affairs said that it was
which supplied the Ritz and Harrods. considering “detailed protections for
Fish deemed unprofitable were the welfare of farmed fish”.
the times | Saturday February 12 2022 23
News
Take a stand in ‘bonkers’ gender debates, Blair tells Starmer
Alice Thomson, Henry Zeffman ‘We don’t like all this stuff that is being Blair, 68, said that there should be to me, ‘Don’t go there, Dad. There are people were among the most “margina-
shoved at us’. They don’t want a situa- equal rights for trans people. “But equal feelings and there are facts, but right lised and abused” communities. Sajid
Sir Tony Blair has urged the Labour tion where women can’t talk about rights doesn’t mean you can’t use the now feelings are more important.’ ” Javid, the health secretary, accused him
Party to “go right into” the argument being women. phrase ‘pregnant woman’,” he said. “If Starmer has occasionally been em- of a “total denial of scientific fact”.
about transgender rights. “I have this conversation quite often you went to Sedgefield and had that broiled in battles within his party over The Queen appointed Blair at the
In an interview with The Times he with Labour people and I know that conversation, they would think you how to approach trans rights. start of the year to the Order of the
has urged Sir Keir Starmer to take a their inclination is to walk round this were bonkers.” Asked last year whether it was trans- Garter, the highest order of chivalry,
stand, saying that refusing to use the issue but I am telling you to go right into Blair was the MP for Sedgefield, in phobic to say that only women had a after a 14-year wait. Nevertheless, he
phrase “pregnant woman” is “bonkers”. it and resolve it in a way that makes Co Durham, from 1983 to 2007. cervix, he replied: “It is something that told The Times to “still call me Tony”.
“The polls might say voters don’t it absolutely clear where you stand. The former prime minister said that shouldn’t be said. It’s not right.” Labour must choose between feelings
care,” he said. “But if you dig a little That is how to shut down the Tories his son Leo, 21, had urged him to avoid He called for “a mature, respectful and facts, Janice Turner, page 27
deeper, what they are really saying is on it.” the debate. He said: “Leo always says debate” and said that transgender Blair interview, Magazine, pages 8-15
ALAMY
scared of trans
lobby to defend
its students’
Will Humphries Sanchez at the Centre for Gender and
Southwest Correspondent Violence Research, has faced disciplin-
ary action. The court was told this week
A PhD student who is suing Bristol that the university dropped the case
University for failing to protect her after the trans student organised pro-
from abuse and intimidation by trans testers to disrupt the hearings.
activists has said the institution is too The trans student, who has posted
scared to condemn their behaviour. online about “punching terfs” — the
Raquel Rosario-Sanchez, 32, a femi- acronym for trans-exclusionary radical
nist writer, campaigner and academic, feminists — has since been employed
specialises in the study of male violence by the university as a teacher. Rosario-
against women. Soon after starting her Sanchez said this was a “tacit
doctorate, in February 2018, she was endorsement for their behaviour”.
branded “transphobic” by activists. “I found the process dystopian and
They said her crime was to hold femi- humiliating,” Rosario-Sanchez said. “I
nist meetings that opposed allowing was being cross examined by a barrister
men who identify as women into about chairing a feminist meeting and
female-only spaces, such as changing for holding feminist views.”
rooms and domestic violence refuges. Rosario-Sanchez, from the Domini- ust
exploration. Today, just share the best
“At no point did anyone at the uni-
versity speak to me about how to pro-
can Republic, suffered a mental col-
lapse in 2019 and said she was unable to
Hunt for as it is poised to yield
its secrets, there may
info
information so they
can make their own
tect myself throughout all this,”
Rosario-Sanchez told The Times.
complete her thesis.
The court has been told that Tracy
Endurance be new twist in the
Endurance tale.
jud
judgment.”
The wooden
She agreed that the university was
scared to anger trans activists. “But I
Brunnock, the university’s equality,
diversity and inclusion manager, wrote
threatens The latest quest
to find the ship,
ve
vessel
(9
is at 3,000m
(9,800ft) in an area
don’t understand why they can’t see an email to senior managers saying that
disciplinary action against the trans to go cold Endurance22, may
be in danger of
a
almost
c
covered
always
by two
Rosario-Sanchez is student was risking their good relation- being sunk before it m
metres of moving
F
suing Bristol for ship with LGBTQ+ groups in the city. or 306 days the has begun. It has set pa ice. Analysis,
pack
failing to protect Dr Emma Williams, 49, former head Endurance was sail from Cape Town re
relying on modern
her from activists of the Centre for Gender and Violence stuck in the ice of without the latest an more accurate
and
Research, told The Times she resigned what Sir Ernest data on where the astr
astronomical data,
from the university “in part because Shackleton ship was lost in 1915, indic
indicates the search
this has been going on for four years”. described as “the worst according to a new plan submitted by the
Williams, who at one point super- portion of the worst sea academic paper shared ed Endura
Endurance22 team may
they have a duty to protect all students vised Rosario-Sanchez and the trans in the world” (Jane with The Times. need to be shifted several
equally,” she said. “I don’t understand student, said: “They [the university] Flanagan writes). The authors, two off kilomet
kilometres east.
why they feel they need to acquiesce allowed the disciplinary process to be Eventually, even as a whom produced work k b
It is based on papers
and bend down to one group in parti- sabotaged. All we want to do is have a steam yacht designed already adopted by found by Mearns in the
cular. It just doesn’t make any sense. conversation [about gender issues] . . . so with thickened timbers to Endurance22, were wrong place. “It is not up archives of the Scott
“The reason why I got involved in we can come up with solutions.” endure the Antarctic, it anxious their findings to us to tell Endurance22 Polar Research Institute
this debate was that I was witnessing A Bristol University official said: could take no more. reach the team before it where to look,” David in Cambridge and written
the normalisation of violence in the “Given the ongoing court case, we can- On Sunday, November begins searching, next Mearns, one of the in 1919 by Reginald
public sphere. The language used by not comment further. All concerns 21, 1915, the Endurance week. The fear is that authors of the paper, said. James, a physicist on the
trans activists is not normal. Intimidat- about harassment or bullying are taken was consigned to the they could search in the “All we want to do is Endurance, who carried
ing and abusing people you disagree seriously and action taken in accord- depths. “At 5pm she went out the occultations and
with is not normal. I felt like I had a duty ance with our university policies.” down by the head,” Apr-May 1916 first hinted at an error.
to stand up to it.” 6 Twenty LGBT rights organisations, Shackleton wrote. His Shackleton and five Endurance22, which
She was initially targeted for chairing including Stonewall, have asked the navigators, reliant on a Aug 1916 crew row and sail to plans to use two drones to
Remaining crew
a meeting of the campaign group UN to revoke the status of the Equality lunar tracking technique is rescued and
South Georgia scour the seabed,
Woman’s Place UK (WPUK) titled “A and Human Rights Commission over called “occultation” for taken to Chile Elephant
launched from a South
Woman’s Place is Speaking Out”. The its stance on trans rights, arguing that it the accuracy of their START: Dec 5, African icebreaker, the
Island 1914 South
hearing at the Bristol civil justice centre lacks independence from government. equipment, would later Georgia Island. SA Agulhas II, is en route
was told that trans-rights activists They said the EHRC’s “recent state- fix the ship’s last position Search to the target area.
500 miles Crew area Endurance
repeatedly protested against her on ments on GRA [Gender Recognition — 68°39’30’’S, drift sets sail Robin Stuart, a
campus and claimed she was “spread- Act] reform in Scotland, and the con- 52°26’30’’W. co-author with Mearns
ing hate about trans people”. version therapy ban in England and And at the bottom of Weddell and Lars Bergman, said:
Nov 21, 1915
Before one meeting, a trans activist Wales . . . are in stark contrast to inter- the Weddell Sea it has Sea Jan 18, 1915 “The new analysis of the
Endurance
posted online: “Please go to [the WPUK national human rights standards”. remained, an elusive holy sinks Endurance data is convincing and
Ship stuck in ice
event] armed with a dozen eggs and The EHRC said: ““We take all deci- grail for historians drifts
relevant for anyone
your finest collection of obscenities.” sions impartially, based on evidence seeking insight into the ANTARCTICA Planned route seeking to better plot the
Only one of the activists, a trans PhD and the law. Our independence is guar- “golden age” of polar South Pole position of the ship.”
student who worked with Rosario- anteed in statute.”
the times | Saturday February 12 2022 25
E
lton John was wrong. Sorry when she was told she’d tested were made, and for which I take full but, commanded by mum to say that
seems to be the easiest positive for Covid. She informed the responsibility”. Using the passive word “sorry”, won’t. Smoother
word. Our era has got itself men, and carried on. Here are her voice (misjudgments “were made” operators are less easily detected. All
all tangled up in the apology own words on Twitter on Wednesday. rather than “I misjudged”), the prime trade on the loose and shiftable
industry as accusers scream “I should have immediately ended minister adds that he “takes full meaning of words; and if we’re to
for expressions of remorse while the the meeting and on reflection this responsibility”. Here (perversely) the
accused ransack the English
language for ways of saying sorry
was an error of judgment on my part.
I fully recognise the importance of
word “full” weakens the word
“responsibility”. We associate this
Politicians manage to
without conceding that anything was
their fault. The public, meanwhile,
following the letter and spirit of the
policies, so want to be upfront about
formulation with apologies made by
a dutiful boss. “I must take full
sound humble without
are mightily confused: what does
“I’m sorry” even mean, when the
what happened and to apologise for
the mistake I made.”
responsibility” is easier to say than “I
am responsible”. Mr Johnson’s
actually admitting guilt
apologiser is simultaneously claiming I’d call this the Apology Absolute. spokesman explained that his master keep fresh and stinging the
not to be involved or at fault? Can It’s the purest form of contrition and “recognised that No 10 should take vocabulary of real remorse, we must
you apologise on behalf of somebody involves the acceptance of personal responsibility for the things we did”. stop demanding apologies every time
else, and if so, when? culpability. You may have noticed Note the “we”. something has gone wrong, and stop
Dame Cressida Dick, an honest and that Keegan’s tweet ended the matter, And now for the Apology overusing apology as a way of
brave commander in an impossible and the story died. Having done Relocative. This slippery use of Sadiq Khan saw off Dame Cressida Dick slithering out of awkward situations
job, has been casually felled by a arguably the wrong thing, she did the “sorry” is beloved of leaders in every but has shown no contrition himself when the real need is for explanation
weak, cowardly mayor looking for field: essentially “I’m sorry that you’re rather than professions of regret.
other people to blame. She made an
easy target. The former commissioner
Johnson is transparent upset”. So the apologiser’s mistake was
in not realising how he might offend.
were things, he says, that “we” did
not get right. Defending the use of
Slack use of the language of
remorse allows politicians to sound
of the Metropolitan Police had
apologised for her force’s failure to
but smoother operators At its worst, such sorries sneakily
regret how oversensitive other people
the garden because of “the role of
fresh air” he avoids the word “party”
humble without actually admitting
guilt; and to imply blame without
stop a police officer murdering a
woman walking alone; apologised for
are less easily detected can be. Priti Patel, found to have
bullied her staff, issued a curious
and explains how he’d “implicitly”
believed the gathering was a work
having to demonstrate
instrumentality. As director of public
her officers photographing corpses right thing. One respects her for it. non-apology: “I’m here to give an event. He never confesses that this prosecutions, Sir Keir Starmer was
and sharing images on WhatsApp; Next comes the Apology Historic. unreserved apology today and I am belief was wrong — but “with probably unwise to apologise on
and apologised for police You may remember Australia’s sorry if I have upset people in any hindsight I should have sent behalf of the whole Crown
incompetence in missing a serial killer “National Sorry Day” to the way whatsoever.” But she never says everyone back inside”. Prosecution Service for failings in
of young gay men. In none of these continent’s Aboriginal population for she did wrong, only that hurting The use of “with hindsight” is the Jimmy Savile affair. The apology
cases was she personally involved. their ancestors’ treatment at the people “was never my intention”. She important here. It’s the time- gave Boris Johnson his pretext for a
Sadiq Khan, however, was personally hands of white settlers and subsequent adds that her work is “deeply honoured exculpatory “if I’d known dirty shin-kick. We should say sorry
involved in evaluating, hiring and (but long-gone) governments. An challenging”, perhaps suggesting her then what I know now”. He knows less often in public life, and mean it
retaining Dick, but for this you may apology on behalf of dead people is staff should have realised that. now that though (he says) the event when we do.
be sure he will not be apologising. relatively easy to make, especially if In a Commons statement about a may have been technically legal,
Should either of them be unaccompanied by any serious offer Downing Street garden party for there are “millions and millions of
“apologising” at all? What’s going on of atonement; but the gesture is not staff, the PM begins, “I want to people who simply would not see it red box
with this word? entirely empty. If we’re to feel pride apologise”, then launches into an that way”. In other words they’re For the best analysis
Let me try to disentangle threads in our forebears’ achievement we extended disquisition on ordinary wrong but they’re unaware of it, and
because the same word can carry may also feel shame for their error. people’s sorrows during lockdown, had he guessed their reaction he
and commentary on
importantly different meanings, and Now for the Apology Institutional. and how this may look to some (“I would have behaved differently. You the political landscape
we’re all too easily bamboozled when Like the Apology Historic, this is know the rage they feel . . .”). There can catch here a cautious half- thetimes.co.uk/redbox
E
on the Facebook posts. “Minus impractical. veryone’s raving about the TV to sell more chocolate is considered a
3! 5am!” Oh, do shut it, love. It all happened so fast. I was adaptation of Adam Kay’s genius in their world of sub-Spice
I
With these long- what I’ve seen — divide, though. Most mums I know watched A Number, a fantastic two-
held uncharitable and somehow are crying watching the show — but hander at the Old Vic starring
I
don’t like to get involved in prejudices in keeping a bikini there are two types of tears. Half are Paapa Essiedu and Lennie James
hobbies for show-offs. The idea of mind, I can’t on seemed more wailing with laughter at the recently. My amateur review: yeah
a book club makes me queasy. As fully explain why exhibitionist than incompetence, chaos and dialogue in brilliant, the real critics are right about
a dear friend always says, “No, we I found myself butt not wearing one at the “brats and twats” ward. The rest these wonderful performances. I loved
don’t need to talk about Kevin.” naked in the cold sea all. As one of my fellow of us — crash caesarean sisters, it for one further reason. What a gift it
Besides, I am confident my mates last week screaming like ramblers pointed out: “I those with memories of soul- is to discover a show that is only an
will volunteer great book a girl: “Woohoo! Freeeeezing! don’t see what the fuss is scarringly difficult deliveries — are hour long with no interval. Makes
recommendations without the need to So exhilarating! Hee heeee!” about. Everyone’s either reliving long-buried birth trauma. you want to punch the air. No stuffing
show me their new kitchen extension. Maybe I was excitedly got one, or seen one.” Still, I cannot stop watching. your face with dry-roasted peanuts
Swimming in cold water, something overwhelmed at being on a Gosh it was a blast of to stop the stomach rumbles because
the midlife women I know have fallen non-UK beach (Ibiza — I bliss, with a long tail of Me and my gals 6.30 is too early to eat and 10 is too
I’
for one by one, is another tribal know, but still, 14 degrees invigoration for the rest of ve noticed a creeping acceptance late. And the night is so young! You
activity I struggle with. The uniform is chilly) last week for the the afternoon. Possibly, I’ll of “galentine”. This word, concept can be in bed by 9.30.
alone — bobble hats with swimming first time since 2019. do it again. Possibly. I’ll and, of course, hashtag relates to
cozzies and those daft, giant multi- Maybe hormones were never call swimming in the the celebration of February 14 with Lesley Thomas is Weekend editor
26 Saturday February 12 2022 | the times
Comment
B
rooklyn Beckham has been good, honest home-cooking. And, the late (lovely) TV executive Pat . . . and recipes that required not only
mocked around the world yes, he does seem to be unclear Llewellyn was inventing Jamie Oliver an arsenal of preposterous gadgets,
this week for embarking on about the difference between “fish” and Gordon Ramsay in the early but assumed that such bare building
a career as a celebrity chef and “chips”, celebrating how he puts 2000s, she grasped that the future of blocks of the dish as a “simple demi-
without being able to cook. his half-eaten fish in “with the fish”. food television was all about sex and glace” or “basic beurre blanc” didn’t
Each eight-minute episode of Cookin’ But it is clear to one and all that by machismo. In Jamie’s case that even need explaining. Too good at
With Brooklyn was reported by the “fish”, that second time, he means meant, bish, bosh, lovely jubbly, cooking, you see. Totally lacking the
New York Post to have cost $100,000 “chips”. It is all there in the context. lobbing in this and that, having a Beckmeister’s common touch. It’s
and required a production team of You can’t ask for passion, great laugh with his mates and riding his why Sophie Dahl got her own
62 people, to help the heir to the flavours AND crystalline clarity in scooter (while also, of course, being a cookery show, and Paris Hilton and,
Beckham millions create such items the recipe writing. He’s Brooklyn natural, instinctive cook) and in last year, along with a cookery book,
as cheesy pasta and a fish and chip Beckham, not George Orwell. Gordon’s case it meant saying “f***” James May off Top Gear.
sandwich. Although, to be fair, they At least he isn’t “going on a a lot and taking his shirt off (when I I guess it is all part of the Michael
do not say how many of the 62 were journey”, you know? He’s not off up worked with Pat and Gordon on The Gove thing about us being “tired of
focused exclusively on coming up the Irrawaddy in a coracle, cooking his F-Word, Gordon’s shirtless moment experts”. And what is true of cooks
with the show’s title. I’m guessing at take on the traditional Ohn No Khao Brooklyn Beckham has the makings of was written into every script). and economists is no doubt true of
least 40. Swe in a makeshift bamboo wok and a chef: no qualifications, lots of tattoos Nobody wanted stupid poncey many other things, too. Instead of
The problem with involving 62 pretending to speak Burmese. He’s not recipes, Pat insisted, they wanted hot Monty Don and his impossible
people in the making of a sandwich, delving into his past and claiming to some half-eaten fish between them”. blokes who made it look easy, expectations, for example, why not
though, is that even with all the be cooking his way out of grief for his People are asking what because it basically is easy. Anyone let Brooklyn Beckham loose on our
buttering and folding and putting on “qualifications” Brooklyn Beckham can cook a meal, just like anyone can gardens: “I love to just water a rock
a plate, there will still be a couple of
dozen left over to go squealing to the
Nowadays, even the has for being a chef. But he’s got all
of them. Well, both of them: no
take a photo, which is why Brooklyn
has also done reasonably well as a
from time to time and watch it
slowly turn into a beautiful tree”?
papers about how the star needed a
cheat sheet of authentic phrases to
chefs who can cook education and a lot of tattoos. That’s
all they’re looking for in the fancy
professional photographer. His only
failure to date has been when he
Let’s have Brooklyn and his
handsome, well-connected, not-too-
make him sound like a chef, such as
“parboil” and “whisk”, and to say snide
pretend that they can’t restaurants now, big lads with tats to
throw meat around a charcoal grill
tried to be a footballer, because you
do actually have to be good at that to
bothered-with-the-details kind teach
us to paint and drive and play the
things to gossip columnists, like “he is long-dead boring mum or something, and do selfies with the punters. Put get anywhere. saxophone. Let’s have sweet guys
to cooking what Posh was to singing”. like every second chef you meet him at the helm of a chain of east In fact, nowadays, even the chefs with tats who know nothing about
But I think it’s all terribly unfair these days. I’ve lost count of the London “low-and-slow” barbecue who can cook pretend they can’t. I anything teach us how to service our
and mean. I think Brooklyn’s sea number of times I’ve been sitting in joints and I’ll give him 9/10 in The interviewed one every week on my car and plumb in a toilet, set a broken
bream and hash brown sarnie, for the Fat Duck or somewhere, poking Times every day of the week, purely Times Radio show in 2021, invariably limb and do basic ophthalmological
example, which he says is “inspired” at a water buffalo bisque frozen into for fear of looking out of touch. about their latest cookbook, surgery. And, honestly, seriously, how
by his special way with leftover fish the shape of a fob watch and melted No chefs can really cook now, inevitably (because of lockdown) much worse at running the country
and chips, sounds delicious. over a live rabbit that’s meant to anyway. I don’t know if you’ve heard called “[First Name of Chef]: At could the Beckmeister really be than
“I eat half the fish,” he explains in represent the mathematical of Salt Bae, the multimillionaire Home” which always attempted to the man currently in charge, who at
the video. “And then I, like, mess it impossibility of cold fusion, and chef/prop of the Nusr-Et steakhouse pass off its author as a jolly amateur, the very least ought to boot up the
all up and put it in two loaves of thought, “what I wouldn’t give now chain, with his $1,000 steaks whipping up “easy kitchen suppers” first few, introductory episodes of
bread with the fish, vinegar, salt, for two simple loaves of bread with wrapped in gold leaf and 43 million on the hoof, whenever 48 pals Governin’ With Brooklyn . . .
I
suppose the wind must have been time since the last Ice Age and in small antlers to one another the gathering dusk was another. But
in my favour, even if my bright truth, more than many areas can playfully, I contemplated the fact as we drew closer it resolved into the
yellow coat didn’t quite blend in comfortably support. Their browsing that one of the best ways to protect Grey seals are impressive creatures, bullet bulk of a grey seal, unmarked
with my surroundings. And of habits damage the understorey of our countryside, and the declining almost as solid as the trunk of a tree and only recently dead. What an
course, it was dusk: one of the woods, as well as young hedgerows — species it supports, may be to eat impressive creature it was, gathered
best times of day to see wildlife. especially in winter when there more of this abundant, low-fat and neighbour believes the bangs at the back as though it were a long
Even so, the 15 isn’t much else to eat — and in free-range wild food. actually alert flocks to the presence balloon, stippled like the trunk of a
minutes I spent some places make it more of food, and knowing how adaptable plane tree and almost as solid, its
standing in the difficult for fast-declining birds Bird scarers misfire birds can be, she may well be right. front flippers tipped with curved
I
lee of a wet like nightingales and willow tits t’s the time of year when, in many Meanwhile my poor dog bolts on black nails, its teeth, behind full
hedgerow felt like to breed. Without wolves, lynx arable areas, gas-powered bird walks and shivers in fear indoors, whiskers, as white and sharp as a dog’s.
a great gift. and bears to harry them, deer often scarers once again start up their horse riders must somehow keep in “This mailbox is full,” chirped a
I’d crossed a field linger in one place rather than being deafening fusillade. These plastic mind each gas gun’s often-moving recorded message from the Cetacean
along a wavering path constantly on the move, intensifying cannon commonly emit three huge position, and we villagers endure Strandings Investigation Programme,
tramped down into the their effect on their surroundings, and booms every half-hour or so from month after month of artillery fire. before the line went dead. No matter:
rich brown furrows left by with no dawn till dusk, the aim being to deter the tide was coming in and would
the plough. Emerging from natural rapacious flocks of birds, particularly Death on the tideline soon take the seal anyway, floating its
T
a small copse I’d spotted a predators wood pigeons, from vulnerable crops he light was fading when my body out to somewhere unknowable
cluster of four dark-coated except man, like oilseed rape and legumes. That friend and I turned and began as behind us, darkness fell.
deer watching me from the herds, these crops need protecting isn’t in making our way back along the
far hedgerow, heads up, ears unless dispute, but having stood and watched beach towards the car park at The Stubborn Light of Things: A Nature
swivelling; after a moment they’d properly the birds in question it seems to me Sizewell. The tideline was striated Diary is out in paperback now
turned and melted away, and I managed, the scarers do very little: rooks seem with long bands of shingle that the
walked on, counting myself lucky can barely to budge, while wood pigeons sea had sorted by size, and they
to have seen them. But there was increase simply rise, circle and land again. My made for heavy trudging; further @M_Z_Harrison
the times | Saturday February 12 2022 27
Comment
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W
hen Keir Starmer “do you identify as a woman” rather in practice for, say, a women’s “dinosaurs, hoarding their rights”. against “Annex B”, NHS guidance
was guest speaker at than an applicant’s sex was dragged hospital ward? Lisa Nandy, who, like every which states that patients should
Laura’s constituency into a disciplinary “change of Questions like this alarm Labour leadership candidate except Starmer always (regardless of physical
Labour Party dinner circumstance” interview which could feminists, many with backgrounds in signed a pledge to have gender- transition) be treated according to
he warmly praised have triggered deselection. Another, victim support or child safeguarding. critical feminists expelled from the gender identity, in contravention of a
her work with female crime victims, who tweeted “sex is immutable”, was Yet raising them reveals wrongthink party, has said child rapists who pledge for single-sex wards.
which he recalled from his time as bombarded with complaints to her identify as women should be housed Liz Truss can confidently answer
director of public prosecutions. Laura
was now CLP chairwoman, a
council monitoring officer which led
to her losing her cabinet role.
This is no longer fought in women’s prisons.
A rabid internal intolerance was
the question “what is a woman?”,
which flummoxes most Labour MPs.
doorstep stalwart who in 2018 almost
won a Lib Dem-held council seat.
They, and other local politicians I
spoke to, are terrified of being
on the fringes but in the illustrated only last week when the
Difficult Women author Helen Lewis
Many senior Labour figures privately
agree with feminist concerns but few
Yet applying to stand again in May,
Laura was flatly rejected. The
identified for fear of internal hearings.
The views they express are wholly
High Court and NHS was asked by LGBT Labour to
speak at a meeting celebrating
dare speak out. Only Wes Streeting
has shown the heir-to-Blair emotional
candidate selection panel cited her legal, yet these lifelong feminists feel which may be punished. Maureen Colquhoun, the first openly and political nous to say “women
tweets in support of JK Rowling and bullied, silenced and driven from the How long can Starmer stay silent lesbian MP. But since Lewis has have felt like they’re being told to be
questioning the fairness of male- party they’ve served for decades. when every news bulletin reports written (mildly and thoughtfully) quiet” and that policy details must be
bodied participation in women’s On hearing Tony Blair’s views on hand-to-hand combat between against self-ID, trans activists openly hammered out.
sports. Its report noted that Laura this debate (in The Times magazine sex-based rights and gender demanded she was disinvited, and Blair says his son Leo, 21, has told
had “explicitly stated there might be today) their response is utter relief. identity? This is no longer fought on the meeting was cancelled. him to keep out of the gender wars,
a trade-off” between trans equality “They [voters] don’t want a situation the fringes but in the High Court, This absolutist stance, as Blair because “there are feelings and there
and women’s rights, was “not open to where women can’t talk about being the NHS, university campuses, notes, will only alienate voters. are facts, but right now feelings are
changing her views” and, most women,” Blair says. “I have this Olympic committees, government “Equal rights doesn’t mean you can’t more important”. Yet soon Labour
Maoist of all, “she did not show conversation quite often with Labour departments. Stonewall plans to take use the phrase ‘pregnant woman’,” he will have to choose between the
any remorse”. people and I know their inclination its claim that the Equality and says. “If you went to Sedgefield and feelings-based demands of LGBT
For a longstanding member who’d is to walk round this issue, but I am Human Rights Commission is had that conversation, they would activists and biological facts which
given Labour so much energy and telling you to go right into it and politically biased (now that it’s no think you were bonkers.” Issues such are central to women’s rights. Labour
time, this was devastating. Laura resolve it in a way that makes it longer chaired by an ex-Stonewall as the erasure of words like “mother”, can shut down members like Laura
almost quit the party. Instead, after absolutely clear where you stand.” CEO) to the United Nations. “maternity” and “breastfeeding”, or with Maoist tribunals, but it won’t
four fretful months, her views, career This is an obvious rebuke to Neutrality is no longer an option. removal of women-only facilities, win without women’s trust.
28 V2 Saturday February 12 2022 | the times
Leading articles
Birthdays today
Dame Norma Major,
pictured, writer,
Chequers: the prime
minister’s country house
Metropolitan Mess
and its history (1996), 80;
Darren Aronofsky, film Cressida Dick had to go, given the tide of scandals, but being Met commissioner has
director, Black Swan
(2010), 53; David Aukin, become a near-impossible job. Wide-ranging reform of policing is needed
theatre and film producer, Endgame (2009),
80; Steve Backley, athlete, world record In the end, she had to go. Dame Cressida Dick was vealed that officers at Charing Cross police sta- report by ordering a delay in publication of most
holder for javelin (1990, 1992), 53; Joe Don a dedicated, lifelong policewoman, popular with tion had joked about rape, killing black children of the detail.
Baker, actor, the James Bond film series her colleagues and determined to push through and domestic violence. It is an appalling record. The political context in which the commission-
(1987, 1995, 1997), 86; Judy Blume, writer, Are the reforms needed to change the toxic culture of That said, finding a successor to Dame Cressida er operates adds to the pressures of the job. The
You There God? It’s Me, Margaret (1970), 84; the Metropolitan Police. But the scandals were will not be easy, which is why her contract had Met is both the police force for greater London
Josh Brolin, actor, Milk (2008), 54; Lord too many, the responses too lame and the image been controversially extended five months ago. and a national agency for dealing with terrorism,
(Alex) Carlile of Berriew, Freedom of of the country’s biggest police force too tarnished The reality is that being Met commissioner has serious crime and fraud, as well as a reserve force
Information commissioner, 74; Lord to repair without drastic and immediate action. become a near-impossible job, which partly ex- called in to help smaller police forces over-
(Stephen) Carter of Barnes, chief executive, The commissioner insisted she would remain in plains why the past four incumbents have similar- whelmed by a big local crime. As a result the com-
Informa, 58; Annette Crosbie, actress, One her post to tackle the myriad challenges. Sadiq ly left under a cloud. The new commissioner’s top missioner must be both a local and a national
Foot in the Grave (1990-2000), 88; Sir Khan, the mayor of London, was unconvinced. priority must be to end a culture of macho banter figure and is accountable to both the home secre-
Howard Davies, chairman, Natwest Group, He responded to the anger across the capital and in a force of some 33,000 officers that too often tary and the mayor of London. That threatens to
71; Matthew Elliott, chief executive, Vote the calls for her resignation. The showdown was has manifest itself in misogyny, racism and homo- turn any controversy concerning the Met into a
Leave (2015-16), 44; Costa-Gavras, film set for Thursday afternoon but, insisting she had phobia. The new commissioner will also have to trial of political strength. Indeed, Priti Patel, the
director, Z (1969), 89; “Prince” Naseem no choice, she quit before being sacked. Mr Khan end the confusion over priorities that gives too home secretary, has insinuated that Mr Khan was
Hamed, boxer, world featherweight acted within his rights. And he was right. much attention to tweets causing presumed playing politics in forcing Dame Cressida out. He
champion (1995-2000), 48; Michael Dame Cressida had lost public confidence. In offence and too little to old-fashioned burglary in turn is fighting accusations that as mayor he is
McDonald, musician, Doobie Brothers, 70; the past year alone, the police have been dis- and a surge in knife crime. He or she will also have personally to blame for rising crime.
Jon Prichard, chief executive, Institution of graced by the failure to stop PC Wayne Couzens to deal with past and previous corruption. What is needed is a commission on policing
Chemical Engineers, 58; Jim Renwick, rugby before he raped and murdered Sarah Everard. A That task is made harder by the increasing throughout Britain that can clarify the dual role.
player, Scotland (1972-84), 70; Christina vigil for her was then broken up with unnecessary politicisation of the Met. This intrusion of police It should also examine how best to reform the
Ricci, actress, The Addams Family (1991), 42; force. Police officers photographed the bodies of work into national politics has been made country’s 43 police forces to meet the demands of
Sir Nicholas Soames, Conservative MP for two murdered sisters and shared the images. An painfully clear by the Met’s belated decision to 21st-century law enforcement. But the Met can-
Mid Sussex (1997-2019), 74; Gundappa independent panel found the force to be institu- investigate the parties and shenanigans in not wait for this. Better to appoint an interim com-
Viswanath, cricketer, India (1969-83), 73. tionally corrupt. Blunders and latent homopho- Downing Street during lockdown. It has faced missioner, preferably one familiar with London
bia allowed Stephen Port to continue murdering weeks of criticism, first for not stepping in earlier policing and able to win acceptance and trust, and
young gay men. And only last week it was re- and then for allegedly “stitching up” Sue Gray’s then extend the search. Time for a clean sweep.
Birthdays tomorrow
Hugh Dennis, pictured,
comedian and actor,
Outnumbered (2007-16),
60; Michael
Growing Problems
Attenborough, artistic
director, Almeida Strong GDP growth in 2021 masks the looming spectre of stagflation
Theatre, London
(2002-13), 72; Dame Vera A vindication of sorts for Boris Johnson. Britain is cost-of-living squeeze in more than 70 years, with Against this backdrop, Mr Johnson would be
Baird QC, victims’ commissioner for indeed the fastest-growing economy in the G7, as real post-tax incomes forecast to fall by 2 per cent advised to dial down the boasting. He should focus
England and Wales, 72; Stockard Channing, the prime minister has repeatedly claimed. Or at this year. Households face the triple whammy of instead on coming up with a comprehensive plan
actress, Grease (1978), 78; Joyce DiDonato, least it was in 2021, according to the latest data the highest tax burden since the 1970s, inflation to reboot Britain’s growth model. The key chal-
mezzo-soprano, 53; Lord (Ian) Duncan of from the Office for National Statistics.The British that is forecast to hit 7.5 per cent this year driven by lenge is to rekindle investment, which has flat-
Springbank, chairman, The National Forest, economy grew by 7.5 per cent in the year to soaring energy prices, and the higher interest rates lined since the Brexit referendum, despite the
49; Baroness (Shreela) Flather, the first December, the strongest domestic growth since needed to tame it. The result is growth that is fore- introduction in last year’s budget of a two-year
Asian woman to be awarded a peerage the Second World War. Even the Omicron variant cast to slow to 3.75 per cent this year, below that of 130 per cent corporation tax “super-deduction”
(1990), 88; Peter Gabriel, singer-songwriter, dented the recovery less than feared, with GDP most G7 countries, and then fall to a mere 1.25 per for investment in physical assets. Last week’s level-
Genesis (1966-75), 72; Sir Peter Gross, falling by only 0.2 per cent in December, well cent in 2023 and 1 per cent the year after. ling-up white paper contained some useful ideas
judicial commissioner, 70; Dr DG Hessayon, below forecasts of a contraction of 0.6 per cent. As David Smith noted in his column in Wednes- but nothing that would lead anyone to upgrade
gardening author, the Expert Guides, 94; Nonetheless, this rapid bounceback needs to be day’s paper, that will not feel like a growing eco- their growth forecasts. Meanwhile a government
Peter Hook, bassist, Joy Division and New seen in the context of what was the deepest reces- nomy for most people, nor will such low growth be paper on the benefits of Brexit was notable for the
Order, 66; Beate Klarsfeld, war crimes sion of any G7 country the previous year when the good enough to fund the growing demands on the lack of any detailed plans to use Britain’s new regu-
investigator, 83; Ann Limb, chairwoman, economy slumped by 9.4 per cent. Indeed, GDP state as demographic pressures intensify. The risk latory freedoms. Instead ministers are asking the
City and Guilds of London Institute, 69; ended the year 0.4 per cent below its pre-pandem- is that in an economy that is already close to full public to send in their own ideas for deregulation.
Meng Wanzhou, chief financial officer and ic peak, whereas all other major economies had employment and where there are record numbers That is not good enough. The high-wage, high-
deputy chairwoman, telecom company recovered their lost ground well before the end of of job vacancies, workers will ignore the advice of growth economy promised by Mr Johnson risks
Huawei, 50; Kim Novak, actress, Vertigo last year. Meanwhile the latest trade data, also Andrew Bailey, the Bank of England governor, to becoming a high-tax, slow-growth economy, held
(1958), 89; Rachel Reeves, Labour MP for published yesterday, shows imports and exports moderate their wage demands and instead push back by new trade barriers whose most visible
Leeds West, shadow chancellor of the still below 2018 levels, despite a rebound in 2021. for inflation-busting pay rises. That would all but manifestation is the queue of lorries now stuck in
exchequer, 43; Prof Sir Simon Schama, The economic outlook appears less promising guarantee a return to Seventies-style stagflation, the Kent countryside. Unblocking Britain’s
historian and broadcaster, 77; Jerry Springer, the further one looks ahead. The Bank of England forcing the Bank into further growth-sapping faltering supply side will require more than
US talk-show host, 78 ; Donald Sumpter, warned last week that Britons face the deepest interest rate rises to cool demand. boosterism and the use of misleading statistics.
actor, In the Heart of the Sea (2015), 79;
David Tremlett, sculptor, 77; Anna Watkins,
rower, Olympic gold medallist (2012), 39;
Robbie Williams, singer, 48.
Second Best
On this day
Not winning first time around can be a good outcome
In 1916 the first issue of The Wipers Times,
a satirical trench newspaper, was printed by Jessie Buckley, the Irish actress who has been It is noteworthy how many singing stars first Some people are late developers. Some draw
British soldiers. nominated for an Oscar, was previously best came to public attention on The X Factor but did motivation from a desire to prove their early
known for losing a television talent show. not win. Olly Murs, Rebecca Ferguson and Cher critics wrong. Some need to find their niche:
Fourteen years ago, aged 18, she made it to the Lloyd are now more successful than many of the Stacey Solomon turned out to be a more gifted TV
The last word final two hopefuls in I’d Do Anything, the winner of erstwhile rivals who beat them. Susan Boyle did presenter than she was a vocalist. Peaking too
which would be cast as Nancy in the West End not win Britain’s Got Talent. JK Rowling’s first Har- soon or too young can often bring more sadness
“If you ever saw a policeman with a club in his revival of Oliver! Andrew Lloyd Webber favoured ry Potter manuscript was turned down by 12 pub- than happiness in the long run.
hand, I want to ask you, did you ever see that her, the public vote did not. lishers. Aged 14, Steven Gerrard, who would earn There is a virtue, even a nobility, in losing and
policeman club a millionaire? But it is ‘Get out Buckley was devastated. And yet she learned 114 caps for England, was turned down by the FA coming back for more. Richard Nixon lost in 1960
of here, damn you, go on to jail, damn you,’ if the truth of the words of Thomas Edison, the school of excellence. Yesterday our sports pages and came back to win in 1968 and 1972. Although,
it is a working man.” Mary Harris “Mother” inventor, familiar to every entrepreneur, motiva- profiled Ollie Chessum, the rugby player who may with the 50th anniversary of the career-ending
Jones, US labour organiser, speech in tional speaker and sports coach: “I have not failed. make his England debut tomorrow, despite having Watergate break-in due this summer, it might be
Princeton, West Virginia, August 15, 1920 I’ve just found 10,000 ways that don’t work.” been rejected by a lower-tier club not so long ago. best not to stretch his particular example too far.
30 Saturday February 12 2022 | the times
P
“and was up early and starting work eter Galloway wrote from East fraction of all the pupils, and we’re
when Sir Edward Ford, assistant Preston, West Sussex, about a not talking about “one” but “one-in-
private secretary to the King, arrived leading article last Saturday. eight” of them. We could, indeed,
M
onday’s supplement of to-morrow treated as hyphenated Attlee, who had to be called out of a “Reader, I married him” as one of the Then on Wednesday we discussed
facsimile pages words. When did this stop?” meeting to see him. “Thinking about most commonly used, or — let’s not a potential royal house move “when
commemorating the Good question. The change seems it all later,” Mrs Wright says, “he was beat around the bush — overused of Charles ascends to the throne”. The
death of George VI and to have gone unannounced but by amazed that no one asked questions literary allusions. Rev Dr Brian Curnew of London N11
the Queen’s accession diligent research I’ve pinned it down or said what did he, a junior civil wondered if “ascends” was quite the
prompted many readers to recall to April 16, 1960 — roughly 20 years servant, think he was doing, ordering Play the percentages word we intended.
M
where and how they heard the news. after most people stopped using it. important people about. By the time ike Warren of Heversham, “It could be a fair description,
You have to feel sorry for this online No doubt the letters editor of the day he got back to No 10 someone had Cumbria, raised another because a throne is generally a step
commenter: “It was my seventh was besieged by outraged readers contacted the foreign secretary, who question about plurals. “In or two up, on a podium. But doesn’t
birthday. Very excited at breakfast bemoaning the change, American had to tell the princess, now Queen, Wednesday’s article about the its common use actually involve
and looking forward to a special influences and the end of civilisation in Kenya. Then the news was importance of teachers you said, confusion with another and similar
family supper. At school we had as they knew it, but as far as I can released to the BBC and broadcast to ‘One in eight pupils were off school’ sounding word, viz accede? We refer
prayers and solemn hymns. No see no complaints were published. the nation at 11 o’clock. and later, ‘two in five heads are to Her Majesty’s accession, not
celebrations that year.” My favourite Catherine Wright was only four “I suppose my father came home planning to retire’ (my italics). While ascension, and no one says that
recollection was that of Bill Thomas: when the King died, but she has sent that night,” she says. “I have no the latter is correct, surely the February 6 is Ascension Day.”
“I was told on the football pitch by us an account of the day’s events as recollection. Coronation Day was a former is not?” I take his point. Even for a
the headmaster of my prep school. experienced by her father, Peter different matter, though. I spent that This is something we’re commonly monarch of the realm that would
Pacy, one of the dimmer boys, Oates, who was then a junior civil day at 10 Downing Street myself.” asked about, and here is the thinking: seem a little presumptuous.
the times | Saturday February 12 2022 31
Comment
I
f you want to get ahead, get a Morocco, dangling corks in Oz, party
hat. And if you’ve got a really big
hat, that suggests you are
hat in the cabinet room.
A trawl of her Instagrim shows her
Oi, Lavrov, under David Cameron now in charge
of foreign policy? The hair and heir
of Thatcher, really?
Brexit opportunities and government
efficiency. Or BOGEY. A job not to
be sniffed at.
struggling to stay in the race and
have some catching up to do.
Of course Liz Truss was going to
sporting a pilot’s crash hat on an
aircraft carrier, a hard hat on
Glasgow’s docks and in April 2019 a
it’s our job Has she really reinvented herself to
emerge as a leadership frontrunner,
or has she just hung around long
Yet when Sergey Lavrov, the
unfriendly face of Russia since the
days when Truss was merely worrying
wear a big furry hat in Russia. While
Boris Johnson was reaching for Jimmy
Savile as part of a dead cat strategy (if
tin helmet while visiting Oliver
Cromwell’s house. The Lib Dem-
turned-Tory, Remainer-turned-
to make enough? Truss is the longest
continuously serving member of
cabinet, an unbroken record which is
about where her pears came from,
called her “deaf” and “selfish”, I
couldn’t help thinking: “Oi, back off.
something goes wrong, change the
subject by throwing a dead cat on the
Leaver posted that she was once with
the Roundheads, “until they started
ludicrous Liz worth celebrating in the way I
might marvel at my dog
Don’t take the mick out of our foreign
secretary. That’s our job.” And at least
table, so your critics now think you’re
a rule-breaking liar AND a
psychopath), Truss was wandering
banning fun”. She added the hashtag
#thelaughingcavalier, just three
months before they elected him
look foolish, squeezing out a long, continuous
record-breaker. Weirdly
impressive but ultimately
we won’t end up in the gulag for doing
it. And the only shots will be the ones
for her photo album. I’d take the deaf
around Moscow with a black cat atop
her noggin that could have been drop-
kicked there by Kurt Zouma. If the big
Tory leader.
Exactly four years ago this week,
in one of her first Insta posts, she
not yours pointless and actually enough
to make you feel a bit sick.
Since she was put in
person over the death person.
There goes our Liz, striding
through Red Square. No need to pop
furry thing had been any taller she wore a facemask before it was cool, Matt Chorley charge of Brexit we’ve seen in to see embalmed Lenin when she’s
could get a job blowing her own posing in a carpenter’s workshop the illegal suspension of got her own permanently pickled
trumpet in the Coldstream Guards. with the message: “Learning how to customs checks, the leader at home. Speaking of which,
Never mind that it was actually 2C put together a cabinet”. And she has resignation of the first Boris Johnson did his own bit for
and everyone else was bareheaded, been eyeing the top job ever since. Listen to Matt Chorley minister and Jacob “British diplomacy too this week, declaring at
Truss knows it’s important to wear How though? Someone barely every Monday to Friday, fish are happier” Rees-Mogg Nato: “Our intelligence, I’m afraid to
location-appropriate headgear. Fez in trusted to outline cheese policy 10am to 1pm being named minister for say, remains grim”. He’s not wrong.
W
hen Thomas in 100 years. He stands, hand on hip, Marlene Dietrich was
Gainsborough’s The direct of gaze, gorgeous and photographed in an androgynous
Blue Boy departed for confident, but also enigmatic. Blue Boy costume, and Shirley
America exactly a Because an enduring mystery Temple appeared as Gainsborough’s
century ago, the surrounds the boy: no one knows for boy in the 1935 movie Curly Top. The
cultural community of Britain went sure who he really was. Blue Boy has featured in Laurel and
into mourning, led by this The most widely accepted theory Hardy, the films The Naked Gun,
newspaper. is that the sitter was Jonathan Buttall Batman and Joker, as well as the
“One or two of us had tears in our (1752–1805), the son of a wealthy comic strip Dennis the Menace. In
eyes,” The Times reported, following hardware merchant and friend of the Django Unchained, Quentin
the sale of the portrait to an Gainsborough family. Certainly the Tarantino clad his principal
American railroad tycoon. “Perhaps painting was owned by Buttall until character, a freed slave, in blue silk.
it was because some of the lovely he filed for bankruptcy in 1796 and The image became an icon of gay
youth of our country seemed to be sold it. But if, as believed, the portrait liberation. Robert Rauschenberg
going with him, some of the grace of was painted in 1770, then Buttall decided to become an artist on
the old time, when men and women would already have been 18 years old seeing the portrait.
wore those gorgeous clothes, and and the boy in the painting appears The boy was nobody in particular,
were untroubled by the many self- to be younger. and therefore everybody. The
questionings of our generations; More recent scholarship suggests mystery surrounding his identity was
something of the courtly grace and he may be Gainsborough Dupont, intentional. The image was never
the serene carriage of a people who the artist’s nephew, apprentice and intended to portray a person but
knew themselves a great people and the only assistant he ever took on. rather an idea. It was, in many ways,
were not ashamed to own it.” Dupont was two years younger than an advertisement, a fancy display
Gainsborough’s portrait of a youth Buttall and lived with the painting to entice buyers and
clad in shimmering blue satin had Gainsboroughs. It would have been patrons, and therefore deliberately
been bought by the Californian easy to dress him up in blue fabric left nameless. Gainsborough had a
magnate Henry E Huntington for and get him to pose for the portrait. portrait business in Bath when he
$728,000 ($11.3 million today), The Gainsborough family dog painted it but he aspired to move to
then the highest price paid for originally appeared in the corner London as a court painter, where his
a painting. To many in Britain, of the canvas, before being work might attract the attention of
the sale symbolised a shift of painted out. the new and increasingly wealthy
cultural power, with brash new Thomas’s sister Mary ran a metropolitan elite.
American money milliner’s shop next door and Painted in the sumptuous style of
snapping up the may have furnished the Van Dyck’s cavaliers, complete with
artistic treasures of feathered hat held in his ribboned shoes and lacy collar, the
the Old World. right hand. The few boy is an image of upward social
Cole Porter surviving pictures of mobility, a commoner with a young
caught the moment in Gainsborough Dupont aristocrat’s poise, an 18th-century
Blue Boy Blues: “A silver reveal a young man emblem of confidence clad in 17th-
dollar took me and my with delicate features century sartorial bling.
collar/ To show the slow similar to the Blue It is also an artistic tour de force,
cowboys just how boys/ In Boy. Wearing shimmering satin and a look of self-confidence, The Blue Boy has been Gainsborough’s virtuoso
England used to be dressed But it is quite imitated by many, including Tarantino’s Django Unchained, left, with Jamie Foxx demonstration that when it came
. . .” possible that the to depicting youth and beauty in oil
More than 90,000 people adolescent was his name will probably never be manhood being taken away for ever. he was the equal of Van Dyck
crammed into the farewell someone else known for sure. The very anonymity Two years earlier, an unnamed himself.
exhibition of 1922, as if entirely: of the sitter reinforced the painting’s body had been returned from the And so The Blue Boy gazes down
attending a wake. The Gainsborough nostalgic power in 1922. Britain had battlefields of France and laid to rest once more from the walls of the
Times was there on the day never identified lost a generation of young men in in Westminster Abbey in the Tomb National Gallery: unmistakable,
it was taken down: “We the sitter in his the First World War, and to many of the Unknown Warrior. The name unafraid, untroubled by the passing
have been to say ‘goodbye’ Portrait of a Young the fresh-faced figure represented of the departing Blue Boy was also years and above all, unnamed,
to a boy who is leaving Gentleman either, and doomed youth, a boy on the cusp of unknown, and in its eulogy to the exactly as Gainsborough intended.
32 Saturday February 12 2022 | the times
Comment
weekend essay
E
mmanuel Macron was in his element this hard for someone reporting his fifth Élysée campaign
week. After days consulting fellow leaders in to avoid clichés about French paradoxes to explain the
Washington, Berlin, Brussels and London, the quirks of the elected monarchy of the Fifth Republic,
French president flew to Moscow to bend the created for Charles de Gaulle six decades ago.
ear of Vladimir Putin over Ukraine. Starting at The provincial schoolboy whose teacher, Brigitte
a monumentally long white Kremlin table yards apart Trogneux, 24 years his senior, became his wife and
from Putin, Macron spent five hours debating with the mentor, is a control freak who has run the most
Russian president, holding his own as self-appointed secretive, top-down presidency since de Gaulle.
mediator for the western world. “He was almost Protected by a small, mainly male, staff he remains an
torturing me,” Putin said after emerging past midnight enigma. Even close aides say he keeps his thoughts to
from his marathon with the loquacious Frenchman. himself and the older mentors who drop in with advice
Putin yielded almost nothing in public but Macron say they do not know which way he will turn. Unlike
claimed he had won an assurance of de-escalation and his chattier predecessors Nicolas Sarkozy and François
dashed off to Kyiv to consult President Zelensky. Hollande, Macron does not hobnob with journalists, a
Whether Macron’s two-day shuttle eased the East- tribe he dislikes. His own MPs, all recruits to La
West stand-off, it certainly helped at home as he seeks République en Marche, the party he founded in 2016,
re-election. A devotee of theatre, Macron delights in complain he does not listen to them.
striding the stage, especially now as he casts himself The yellow vest uprising Macron has transgressed more than his predecessors,
above the scrum scrapping to eject him from the Élysée has added some lines to arguing with the public, occasionally insulting people
Palace in April. Macron is unpopular, with less than Macron’s youthful brow and appearing in unpresidential clothes.
40 per cent of voters approving of his H relishes confrontation with
He
performance, but even his critics concede b
bystanders, a trait that led to a slap in the
admiration for the energy of the man f
face from a young monarchist in the
who in 2017 became France’s youngest s
southeast last June. He has performed
ruler since Napoleon Bonaparte. o hip web videos and once on a low-
on macronisme in the way that le gaullisme, le
The 44-year-old president has visibly c
class TV chat show, and he has mitterrandisme and le sarkozysme were well
matured, a few lines now marking his a
addressed his citizens more on understood. In the 1960s de Gaulle embodied the
face, but after four years of battering by t
television than any predecessor. grandeur of a reviving postwar nation, Mitterrand in
the yellow-vest insurrection, months of His apogee was a confessional TV the 1980s and early 1990s projected a left-wing version
anti-reform public sector strikes and s
session in December when he disserted of that plus a devotion to Europe, and Sarkozy stood
then the pandemic, he remains armed f two hours about himself in a way
for for a blokeish self-sufficiency that is fondly
with the extraordinary self-confidence u
unthinkable for mundane prime remembered by conservatives a decade after he lost
that propelled him into office. m
ministers in parliamentary power.
On the verge of declaring his d
democracies. He claimed success but Recent attempts have described la pensée macroniste
candidacy, Macron has reason to be a
admitted that a failure to heed the as realism, pragmatism, egoism, enlightenment and
confident. The charm and chutzpah u
unhappiness of struggling wage- “emancipation of the individual”. For the left and the
that landed the little-known economy e
earners had alienated people and disgruntled lower classes of la France périphérique who
minister in the Élysée has faded since helped trigg
trigger th
the violent gilets jaunes uprising that back Le Pen and the yellow vests, Macron is a liberal
events punctured his promises of French began in the provinces and knocked his presidency off “president of the rich”, a tag which stuck from the
renaissance. But though the national mood is bleak, course for six months from November 2018. He start. For the mainstream right, Macron remains the
“
the economy is thriving, thanks to “whatever-it-takes” regretted harsh words such as talking about France’s figure groomed by his original father-figure from the
handouts, and Macron is credited with sound handling deplorables as “people who are nothing” and telling an Deuxième Gauche, the old reformist left headed by the
of the later phase of the pandemic, with compulsory unemployed man to “cross the road and you’ll find a late Michel Rocard. They see him as profligate and
vaccine passes and schools and businesses kept open. No French job”. “I think that with certain of my words, I wounded feeble on law and order and immigration.
French voters are notoriously fickle but barring a people . . . ” Though supposed to show humility, To some extent he is all of these because, under
real upset in the final weeks, none of Macron’s rivals leader has Macron’s performance came over as arrogant, not least pressure from the protesters and the pandemic, the
appear to wield enough clout to knock him off the
Élysée throne. Of the top three contenders, only one, inspired the for hijacking TF1, the most popular television channel,
for almost a whole evening. Opponents mocked it as a
book-loving former haut fonctionnaire who spent four
years as a merchant banker has swung from promoter of
Valérie Pécresse of the conservative mainstream
Republican Party, has a plausible chance of unseating
hatred Macron cross between electioneering and psychotherapy.
Macron will not be pinned down. He still abides by
a “start-up” nation to champion of a traditional French
caring state that is supposed to guarantee security
him if she reaches the second round run-off, but she
has lost momentum after a strong start in December.
draws since the “at the same time” catchphrase he deployed in
2017, ensuring ambiguity that lets him appeal to both
behind the walls of a protective European Union. The
man derided as a “free-exchange globalist” turned
Marine Le Pen is running in second place, but for all
her efforts to detoxify her far-right National Rally she
Louis XVI, the the centre-left and centre-right. He has raided the
mainstream parties from either side: his two prime
quickly into champion of “economic sovereignism”, a
shield for the EU from unfair global trade practices.
is still deemed a threat to democracy by just over half
the country. The level of rejection is even higher for
king who was ministers, Édouard Philippe and Jean Castex, came
from the Republicans, while the Socialists provided
We are a long way from the overthrow of the cosy and
sclerotic state that Macron set out in Révolution, his
Éric Zemmour, the more intellectual but sulphurous
polemicist who made a splash when he leapt into the
guillotined Jean-Yves Le Drian, his veteran foreign minister, and
several other ministers.
2016 manifesto which promised disruption to build a
“fair, effective, entrepreneurial France in which
race in the autumn hoping to repeat Macron’s after the 1789 In a country where the executive head of state is everyone chooses their life and lives from their work”.
outsider’s feat of 2017. supposed to be a charismatic father figure with The reforms came quickly in the early Macron
Macron is full of contradictions, which makes it revolution inspiring doctrines, no one has been able to define le years. The red tape that chokes the labour market was
the times | Saturday February 12 2022 33
Comment
ANADOLU AGENCY/GETTY IMAGES
A
fter a rough first few months of
Covid, with a shortage of masks
and government confusion,
Macron gained support for his
firm management, imposing
so
some of Europe’s strictest confinement
ru
rules. He later risked ignoring expert
a
advice and kept life fairly normal. Instead
of
o “rebuilding France” as he loftily
p
pledged in 2017, he has ended up
va
vaccinating France. It has worked, with 80
pe cent inoculated, despite resistance
per
from an antivaccination fringe that rejects
com
compulsory vaccine passes as dictatorship.
The president who promised to cut deficits
lightened, housing tax and most of the wealth tax générale — the widespread anger — across the and trim the bloated state has poured tens of
and
were ended, business levies were eased and the lower reaches of France. These are the “diesel el billions into
billions in aiding businesses and keeping the
behemoth SNCF railways was converted to a drivers and cigarette smokers” as a minister called economy afloat.
economy afl Growth was 6.5 per cent last year,
commercial state enterprise after weeks of strikes. them, who feel left out of the new society of high tech above the euro
eurozone average, and unemployment is at
Macron also imposed a new regal style, with pomp- and climate policies promoted by Macron and nd backed its lowest for a decade, albeit still at a chronically high
filled ceremony at Versailles and other royal palaces, by his urban, university-educated admirers. The anger 8 per cent
cent. The cost has been a leap in debt to 116 per
“
intended to reinstate national grandeur after the rages on, showing how Macron has failed in his 2017 cent of GDP, far beyond the EU limits. The
unseemly presidency of Hollande, his former boss, promise to unite the country in a new consensus after modernising president who promised a vigorous, leaner
with his soap opera love life and debilitating revolt in decades of periodic civil strife. It is manifested by the state is ending his term with more civil servants than
his own socialist administration. intention expressed by over 40 per cent who say they French voters when he began. As Pierre-Antoine Delhommais wrote
Despite resistance to reforms, Macron did not suffer will vote in April for the far-right or far-left “anti- in Le Point: “The candidate Macron promised ‘a society
the swift slump in popularity that has hit all new system” contenders, led by Le Pen, the working class are notoriously freed of straitjackets and obstructions’. Five years later
presidents since 1974. That year, the newly elected
Valéry Giscard d’Estaing faced the onset of the
nationalist, Zemmour, the metropolitan doom-monger,
and Jean-Luc Mélenchon, leader of the radical left and fickle but, it seems to be more than ever their prisoner.”
On top of that, the data contradicts Macron’s claims
slowdown that has ever since afflicted France with
chronic high unemployment. For decades France has
nationalist France Unbowed party. In the French
version of the polarisation and intolerance that has
barring a real that lower-income France has benefited most from a
rise in spending power. Worry about declining real
absorbed la crise into the mental landscape, feeding a
sense of decline despite prosperity and a quality of life
emerged across the western world, one in four people
would be happy for the army to run the country and
upset, none of income is the top issue for voters, above law and order,
immigration, and Islamism, the stock-in-trade of the
that much of the world envies.
In late 2018 the clumsy imposition of fuel carbon
two in five would welcome an unelected “strongman”
as leader, according to a January poll. Another showed
Macron’s rivals three challengers who are all on Macron’s right.
The president’s response is to ask for more time to
taxes along with an 80km/h speed limit on rural roads
combined with Macron’s scorn for society’s losers to
that four in ten said they “understand” why people
sometimes physically assault MPs.
appear to wield finish the job he was doing before the pandemic hit. In
his December confessional he said he was “hurt by the
ignite the uprising of the yellow vests, a grassroots
movement of low-income workers. The mutiny, which
No French leader has inspired the hatred Macron
draws since Louis XVI, the king who was overthrown
enough clout unbearable inequalities” that still afflict the country. “I
arrived in office with a form of vitality, a determination
drew in anarchists and turned into Saturday rampages and guillotined after the 1789 revolution, according to to knock him to shake things up, determination not to give in to
in Paris and other cities, was marked by hatred for a new book by two veteran commentators, Nicolas conformism. I remain indignant over the system, over
Macron and his stylish wife. Mock guillotines were set Domenach and Maurice Szafran. “Sarkozy suffered off the throne bureaucracy.” But things will be different now, he
up and dummies of their heads were paraded on pikes striking rejection. François Hollande faced nasty said, because “I have gained the conviction that you
as mobs tried to storm the Élysée and parliament. mockery. De Gaulle was heckled and threatened with can move nothing if you are not imbued with respect
Macron was initially stunned by the intensity of a death but we have never seen such a combination of for everyone”.
revolt that followed an ancient pattern of popular unhappiness, anger and violence aimed at the head of France has dumped its governments and presidents
insurrection. He went some way to defusing the anger state and also at institutions like the police, the in most elections since 1974 and only two out of six
with €17 billion of concessions and by throwing gendarmerie and firefighters,” Domenach said. heads of state have been re-elected since de Gaulle in
himself into town meetings around the country, where Amid such anger and bitterness, how could Macron 1969. If he wins a new chance on April 24, Macron will
he tried to renew contact, taking questions from the be on course for re-election? The short answer is that again have defied tradition.
public for hours at a time. he is credited with doing an acceptable job and faces
The movement laid bare the depth of la colère flawed opponents. Though held in contempt by a Charles Bremner is Paris correspondent
the times | Saturday February 12 2022 35
News
JOHAN PERSSON
C
has said that the serial killer’s alleged olin Sutton has a reputation and Josie, then aged nine, were
confession to the murders of Lin as the person who most attacked as they walked along a coun-
Russell and her six-year-old daughter acutely understands Levi try lane. Josie survived.
Megan in 1996 should be treated with Bellfield’s motives (Mario Sutton said that his force had briefly
“an immense amount of caution”. Ledwith writes). The former looked into the killings in 2008 during
Colin Sutton, who secured three con- Metropolitan Police detective a national sweep for cases that bore
victions against the killer including the chief inspector is among several hallmarks of Bellfield’s tactics. A con-
murder of the schoolgirl Milly Dowler, experts in crime who have urged nection was quickly ruled out.
cautioned that Bellfield, below, was caution over his latest confession. In the new statement that emerged
primarily motivated by self-interest. Six years ago the Met reviewed last week, Bellfield, who now uses the
The former Metropolitan Police in- dozens of confessions by Bellfield. name Yusuf Rahim after converting to
vestigator was speaking after Bellfield None could be corroborated. The Islam, apologised to Stone and the Rus-
used a four-page statement to express admission to the Russell murders sell family for his “heinous acts”.
his apologies for allegedly killing the is also contradicted by his former Stone’s solicitor Paul Bacon said that
Russells. The document has now been partner Jo Collings, who told the the detail in the statement, and Bell-
passed to a watchdog by lawyers acting police the pair were in London. field’s contrition at the end of it, had
for Michael Stone, 61, who has spent Peter Squires, a professor in convinced him “that he’s undoubtedly
more than two decades in jail ail after criminolo at Brighton
criminology the person responsible”.
twice being found guilty of the Univer
University, said that The Criminal Cases Review Com-
hammer attack near the he Bell
Bellfield, left, had mission (CCRC), which can send cases
village of Chillenden, Kent. “
a “track record back to the Court of Appeal if a wrong-
Stone’s legal team have of admitting to ful conviction is suspected, has con-
repeatedly pleaded his in- th
things which firmed that it has received the new, un-
nocence and blamed Bell- d not
do signed testimony.
field, 53, who has previous- m
materialise”. Sutton is convinced Bellfield com-
ly hinted at involvement mitted crimes for which he has yet to be
while stopping short of a full convicted, but added: “I’m sceptical
admission. and misery. It’s diffi- about lots of things but I am very scepti-
ing
Sutton questioned the timing t put your finger
cult to cal about anything Levi Bellfield says.”
gested
of the confession and suggested wha actually moti-
on what A CCRC spokesman said: “Once the
that Bellfield could be driven by the op- vates him to do it. But he gets review of all material is complete, the
portunity “to make the news again”. i ” id in
an idea i hi
his h d th
head that it will either be CCRC will then determine whether
Sutton said: “We can’t quite be sure good for him or that it will maybe even there is a real possibility that the
what his motivations are but he does cause pain to others. There is a narcis- Court of Appeal will quash Mr Stone’s High jinks A production of Don Quixote by Birmingham Royal Ballet is being
like to stir the pot and cause confusion sism that makes him want to be the conviction.” performed in Southampton today as part of a national tour ending on March 19
36 Saturday February 12 2022 | the times
F
or one of the richest former 55-year-old energy tycoon doesn’t affiliation to the Conservative Party businesses all his adult life. After
Soviet bloc businessmen in even have a bodyguard, despite being for a decade might offer him some moving to Moscow aged 17 to study
the UK, Alexander Temerko one of President Putin’s fiercest critics protection from foreign despots prone engineering, he joined Boris Yeltsin’s
doesn’t act much like an since fleeing Russia in 2004. to revenge assassinations. The former team and, when the Soviet Union
oligarch. There is no “What’s the point? If it’s my time, oil boss is one of the Tories’ biggest collapsed, held a number of roles in
sprawling country estate, because he it’s my time,” he argues when we donors, handing over almost the Russian defence ministry, where
has “no time” to buy one. His speak in his suite of offices in Pall £1.6 million since gaining British he helped to rebuild the shattered
penthouse flat is in Westminster, not Mall. “Putin is a machine, and I am citizenship in 2011. Much of it has military. He went on to become
Knightsbridge or Mayfair. The only human. You cannot stop a come via lavish auction bids that the deputy chairman of the Russian oil
company Yukos and led it after the
arrest of his “friend”, Mikhail
Khodorkovsky, who was its boss and
Russia’s richest man and had crossed
Putin, the new president. Fraud
charges were laid against Temerko
himself, which he has always insisted
were trumped up and political. To
escape Khodorkovsky’s fate — eight
years in a Siberian prison — he fled to
London and has never gone back.
He has been on first name terms
with three Tory prime ministers, and
photos of him with Boris Johnson and
Theresa May decorate his office. Yet
none of that stops him from criticising
the government when he disagrees
with it. One significant area is on the
Russian state’s billions, which, despite
the Ukraine crisis, are still swirling
around the City of London and
continuing to get a blue-chip polish.
Temerko is impassioned about the
parlous state his motherland is in,
with more than 100,000 Russian
troops massed on its borders. While
he applauds Boris Johnson’s tough
line on the Kremlin’s aggression, he is
vitriolic about how the prime minister
is “strong on rhetoric but very, very
poor on implementation”.
In an effort to increase pressure on
Putin, Liz Truss, the foreign secretary,
set out legislation on Thursday to
allow the confiscation of any assets in
the UK of anyone close to him.
Temerko says the move is “very nice
to say politically” but he is not
convinced that many of Putin’s inner
circle have been stupid enough to
leave much of their fortune lying
around in London. It is also “a trifle”.
He has an alternative that he says
would really hurt the oligarchy. “We
need to stop our country acting like a
financial pumping house, stop it from
being a market that makes Putin’s Alexander Temerko at his offices in
cronies, Putin’s elite, richer and
richer,” he argues. “That means you weak. You are not strong, so he
blocking any Russian company that is won’t negotiate with you for
state-controlled or has state capital anything.”
invested in it from any financial The language Putin understands is
facility in the UK, including any “only force”, which is why he believes
listing on the stock exchange. If I was that it is crucial for Nato to keep
in the government, that’s what I arming and training Ukraine’s
would be doing.” military. “The stronger Ukraine is and
Raising his voice, he insists: “We the more it can demonstrate military
have a choice. We either protect and technical support, the more
democracy or we protect Russian difficult it will be to make that final
money. That is what would help the decision.” If there is war, “it will be
Ukraine, and the UK economy as very difficult and bloody” because all
well.” He would not stop there, and Ukranians will fight, imbued with “a
has one of Britain’s biggest companies moral spirit”.
in his sights. “We need to talk about
T
BP and why it is a shareholder in he consequences for the
Rosneft, which is under sanction and European continent would
run by a close friend of Putin? It is the also be “absolutely
biggest investor in Russia but I’m not catastrophic”, with a tidal
sure if even your newspaper will be wave of refugees heading
brave enough to talk about this.” west. “What we’ve seen from Syria or
On the Ukraine crisis itself, Libya could be very small in
Temerko does not believe Putin has comparison to the ocean of emigrants
decided whether to invade. Instead, which will flood into Europe. It’s very
his guess is that he will continue dangerous for you in Europe too.”
toying with the West for a while, Russian policy is not the only beef
probably “until the summer”. to see Temerko has with the government.
what concessions he can win from His green energy company Aquind is
Nato and the European Union. mounting a legal challenge to the
But offering Putin a deal would be a business secretary’s decision to block
disaster, he says. “If you tried to find a permission for it to build a £1.2 billion
compromise with him, he considers energy cable to connect Britain with
the times | Saturday February 12 2022 37
News
B
French grid to 5 per cent of British ut he still does not want
homes but critics argue that it could Johnson to resign over the
compromise energy security. No 10 parties scandal. A
Temerko says it is “with the new leadership contest
lawyers” and is uncomfortable with “would be very expensive for
going further. As someone who also the country” when there are so many
sits on the advisory council of the big problems to solve, he argues, from
centre-right think tank the Institute Ukraine to inflation. “It’s absolutely
of Economic Affairs, he is “not happy” wrong behaviour, but Boris has
with the range of tax rises being apologised many times, so for me it’s
enforced by Rishi Sunak. enough.”
He explains: “I am no Brexiteer. I But what if Johnson is deemed by
was a Remainer. But the biggest the Metropolitan Police investigation
advantage to Brexit is the chance to to have broken the law by going to
make our country very attractive the Downing Street parties, and
to investment. That means a receives a fixed-penalty notice?
predictable tax policy, not Can you really have a law
spontaneous and chaotic and breaker as the chief law maker?
spasmodic. It’s absolutely wrong, Temerko pauses. “It’s a very
for business and for the difficult question. But it
economy.” would be Boris’s decision,
So is that why he donates not my decision. I don’t
so much to the party? To feel I have a moral
have influence on policy, right to judge him.
like how much tax his Everybody makes
companies should pay? mistakes, you and me,
He is well aware of the all of us. None of us
charge, levelled not just are angels.”
against him but a series
of rich Russian expat Listen to the full
donors, but argues: “If interview on Times
you look at what’s Radio’s T&G
happening, I’m not sure programme, from 10am
Pall Mall. He used to work in the Russian defence ministry but he fled to London after the rise of Vladimir Putin, right if I am so very successful in on Sunday
38 Saturday February 12 2022 | the times
News
M
Kaya Burgess Science Reporter to a vast size to become a red giant would be boiled away, but a white illions of tons of
before expelling its outer layers in a dwarf’s habitable zone is closer as it ultra-hot plasma
Astronomers have discovered what planetary nebula. It was thought that gives off less light and heat. were ejected from the
could be a planet in the habitable zone only planets at a considerable distance Any planets orbiting the star during sun this week and
of a dead star. could survive. It is now thought, how- its lifetime would probably have been carried into view on
A planet similar in size to the rocky ever, that new planets could form from “swept clear” by its death. “Thus any solar winds that hurtled towards
planets of our own solar system may be the debris around a white dwarf. planet that can potentially host water the Earth at speeds in excess of
orbiting a white dwarf in the Milky Way Researchers at University College and hence, life, would be a recent devel- 250 kilometres a second (Rhys
about 117 light years from Earth, an London (UCL) found a ring of debris opment,” the society said. “The area Blakely writes).
“exciting and unexpected” discovery. around a white dwarf called WD1054- would be habitable for at least two bil- As a result, sky gazers in Britain
The zone of its orbit is likely to have 226 in our galaxy which, they believe, is lion years, including at least one billion might have caught a glimpse of the
been habitable for a billion years and to held in place by a planet. The white A planet in the white dwarf’s habitable years into the future.” Northern Lights — a sight that will
remain so for another billion. dwarf is about 117 light years — or 688 zone could have liquid water Professor Jay Farihi, an astrophysi- become more frequent in UK
A white dwarf is a star that has trillion miles — from Earth. cist at UCL and lead author of the study, skies, scientists believe.
exhausted its hydrogen fuel and shed The Royal Astronomical Society found that the light dipped as 65 evenly published in Monthly Notices of the Our nearest star is constantly
its outer layers. They are usually not said: “A ring of planetary debris . . . has spaced comet-like clouds of debris Royal Astronomical Society, said: “The emitting a stream of charged
much larger than a planet, but are far been observed orbiting close to a white passed in front of the star, orbiting possibility of a major planet in the particles towards Earth, known as
denser. Most stars, including the Sun, dwarf star, hinting at a nearby planet in every 25 hours. The even spacing sug- habitable zone is exciting . . . However, it the solar winds. Occasionally, a
are destined for this fate. the habitable zone where water and gested a planet nearby whose gravity is important to keep in mind that more solar flare — an intense eruption
In 2020, a Jupiter-like gas giant plan- thus life could exist.” was holding them in that pattern. evidence is necessary to confirm the of electromagnetic radiation —
et was discovered orbiting a white Researchers observed the light from The planet is likely to be orbiting presence of a planet. will produce a surge of charged
dwarf, surprising astronomers who had the white dwarf over 18 nights using a within 1.5 million miles of the white “Since our Sun will become a white plasma, or coronal mass ejection.
thought that the death of a star would high-speed camera at the La Silla Ob- dwarf, less than a 50th of the distance dwarf in a few billion years, our study The Northern Lights, or aurora
destroy any nearby planets. servatory in Chile and Nasa’s Transit- from the Earth to the Sun. No life could provides a glimpse into the future of our borealis, usually associated with
When a star like the Sun dies, it swells ing Exoplanet Survey Satellite. They survive so close to the Sun as all water own solar system.”
the times | Saturday February 12 2022 39
News
when Jacob Rees-Mogg walks past. those two KGB guys went all the way triumphantly. “Oh God,” says the
Because I need to speak to him about
his new job as Minister for Brexit
there just to see a cathedral.
“OK, but only if there’s time,” I say,
ambassador.
Then we stand up, and Lavrov says
‘Queen’s bed’ got a blanket
Opportunities. “after we get a photo of me next to I’m going the wrong way.
“Is this about cheese?” says Jacob.
“Yes,” I say. Because we currently
Moscow’s cathedral.” “The lady is not for turning,” I tell
him, haughtily.
refusal from Biden’s mother
import two thirds of it. And it’s a Thursday “Suit yourself,” he says, “but that
disgrace. And so now I am in Moscow, meeting door’s the toilet.” Laurence Sleator mother hated the English. His parents
“There’s more to my job,” says with the foreign minister Sergey were Irish and she had written several
Jacob, “than cheese.” Lavrov. Friday Joe Biden’s Irish mother went to sleep poems about her hatred of the English.
“Is there, though?” I say, “So,” he asks me. “What have you Back home. Debriefing in No 10. The on the floor rather than use a bed in He went off to find them and returned
doubtfully. come to say?” new comms guy Guto Harri is here, which the Queen was said to have slept, with hundreds of poems describing
This is confusing. I haven’t come but he’s had a bad week so the PM is according to a new book. how God must smite the English and
Wednesday here to say things. making him stand in the corner. Irish ancestry has always been an rain blood on our heads.”
“But seriously,” says my FCO adviser. “This is like a conversation with a “So I trust you made our position integral part of the president’s identity, Pritchett said Biden told her that
“What are you going to say to the mute and deaf person,” says Lavrov. plain,” says the PM, “over the drummed into him by his mother, while his mother, who died in 2010, was
Russians to make them back down?” “Why are you here, then?” Dumbass region.” Catherine Finnegan, whose family on a trip to Britain, it had been revealed
I tell him I’ll show them that “Because the hat would look silly,” I “It’s not called that,” says Harri, to emigrated from Co Louth. But Finne- to her that the Queen had stayed in
picture of me on the tank looking like explain, “in Pimlico.” the wall, but we ignore him. gan, known as Jean, always held a the same hotel, and possibly in the same
Margaret Thatcher. Then Lavrov asks me whether Then I say there was a small certain antipathy towards the English. room and bed. “She was so appalled
“Please don’t,” he says. Britain recognises Russian incident with me not recognising The British screenwriter Georgia that she slept on the floor all night
“Good point,” I say. sovereignty over Rostov and places, but Boris says he wouldn’t Pritchett recalled in her autobiography rather than risk sleeping on a bed that
“They’ll already have Voronezh, and I give him an Iron have recognised them, either, so that she met Biden in the White House the Queen had slept on,” Pritchett said
seen it.” Lady stare and say never, because his never mind. And then he says that the while undertaking research for the she was told.
Then he says that, expansionism must be resisted. important thing is to keep a united political comedy Veep, about a fictional Biden’s lineage can be traced back to
Ukraine aside, I Although then the ambassador front. US vice-president. Biden served two the Blewitts of Co Mayo in the west of
should also mention whispers in my ear that we do, “Agreed,” says Harri. “Russia is a terms as vice-president under Barack Ireland and the Finnegans of Co Louth
the Salisbury actually, and I’m probably thinking of growing threat.” Obama. on the Cooley Peninsula. It is thought
poisonings. Just to Donetsk and Luhansk. “It’s pronounced ‘Rishi’,” I correct Pritchett wrote that she had wanted that both families fled during the
remind them that “Oh whatever,” I snap. “It’s all just him. to ask Biden about foreign policy after famine in the mid-19th century,
we don’t for a Russian names.” “You bloody bet it is,” says Boris. his recent return from Ukraine. “He eventually settling in Scranton,
moment believe “Exactly!” says Lavrov, *according to Hugo Rifkind changed the subject to how much his Pennsylvania.
ALAMY
World
Giving up warheads Eckardt Heukamp
stands in the way
of the RWE
company’s open-
cast mine and the
Bagger 288 digger
Murdered priest’s
UK, US, and Russia in a deal supposed the Donbas if we had held onto our weapons will be even keener to have
to guarantee its safety from attack. Its rockets,” said a former colonel and them if their neighbours already do so.
disarmament was heralded as a beacon launch operator of the 46th Missile Di- The Ukraine crisis makes it unclear if
of hope for reductions of stockpiles vision, known only by his first name giving up nuclear weapons is in your
across the world. Today, with more than Gennady, who had spent six years country’s interests, and it increases the
100,000 Russian troops gathered near
Ukraine’s borders, bereft of deterrent
and facing invasion by a nuclear power,
that hope is dead.
“The lesson of Budapest is clear,” said
underground in silos. “Our rockets were
our power. Budapest has left us weak.”
Gennady, now 60, had been one of six
working on the bottom two floors of the
12-floor command silo. Strapped in
motivation of other countries to get
hold of nuclear weapons.”
Albright queried whether Ukraine
would have been able to maintain its
arsenal in any case without Russian
sister has no hate
Filatov, 72, who until the deal was signed
controlled 86 missile silos and more
than 700 of the 1,700 nuclear warheads
that remained in Ukraine after the
break-up of the Soviet Union. “Don’t
seats at the nuclear button console 45
metres below ground, two men had dual
control to hit the button in the event of
orders to launch a nuclear attack.
A third man sat at a communications
support.
However, Filatov insisted that he
could have done so indefinitely. As for
pressing the button, “if that order came,
we would not have even thought about
for terrorist killers
disarm!” desk in the three-metre-wide room, it,” he said. “We’d do it. We were taught France nection with the attack in the church in
The Budapest Memorandum is now while on the floor below them three to do it, prepared to do it, ready to do it. Saint-Etienne-de-Rouvray near Rouen,
Adam Sage Armentières
referenced by all sides in the gathering others slept in a tiny space between Deep inside we recognised it would be the 81-year-old retired hairdresser
conflict. Signed in Hungary on Decem- alternating shifts. the world’s end, the end of light. But we After her 85-year-old brother was spoke of the bond she had forged with
ber 5, 1994, it guaranteed that Ukraine The button operators’ chairs had ash- believed we would protect our stabbed to death by Islamists in the the mother of Adel Kermiche, one of the
would be safeguarded from nuclear trays in the arms so that they could fatherland.” He paused, looking around church where he served as a priest, two terrorists who killed Father Hamel
attack or territorial violation in return smoke while turning the world to dust. his office in Kyiv for the last time. “The Roseline Hamel could have been before being shot dead by police.
for getting rid of its nuclear weapons. “We tried not to think about the day balance of mutually assured destruc- forgiven for seeking vengeance. She feels no animosity, she says,
Yet the deal contained no enforce- we would press the button, or of our tion does work,” he said, eyes glinting, Sitting on a sofa in her small red-brick adding that she had decided to get to
ment measures and never became a families above ground,” Gennady said, gazing at a picture of Atlas holding the house in Armentières in northern know Kermiche’s mother so that “we
recognised international treaty backed “but we were specially trained and for Earth. “Without a nuclear Atlas, the France, she expressed very different could handle our pain together”. Her
by western military commitment. sure we would have launched if world would disappear.” sentiments. In an interview before the message is in stark contrast to the viru-
At Filatov’s former headquarters in ordered.” Kyiv’s cause, letter, page 28 start of a trial in Paris next week in con- lent debates overshadowing the presi-
the times | Saturday February 12 2022 41
GETTY IMAGES
dential election campaign in a country fought back with his thin arms and his my brother a martyr like an animal have been killed in 2017. Hamel said that vate the party’s base at the expense of
beset by racial and religious divisions. thin legs but when he was on the being taken to the abattoir.” she hoped the defendants would be con- the LGBTQ community.
Hamel made it clear that she wanted ground, he was pulled around like a sack It was only after his funeral service in victed and jailed. “But they must get a Buttigieg, who is gay and recently
nothing to do with the far-right politi- of potatoes.” Before dying the priest is Rouen Cathedral, attended by govern- sentence that helps these young people became the adoptive father of twins
cians standing on anti-Islam platforms, said to have declared: “Go away, Satan.” ment ministers, bishops and thousands who have their lives before them . . . to with his husband Chasten, 32, led an
as has the Diocese of Rouen. It said it An 86-year-old parishioner was also of mourners, that Hamel began to rediscover reason and to get away from attack on the bill in an unusual move by
“regrets the political instrumentalisa- stabbed but survived. Police were realise the resonance of her brother’s those who manipulate them with bad the White House.
tion” of Father Hamel’s death after sup- alerted by a nun who managed to flee. death at the altar. “We ended up by talk to the point of turning them into ka- Labelling it “dangerous”, he told
porters of Éric Zemmour, the hardline An elite unit shot dead Kermiche and understanding that my brother had mikazes,” she said. It was with a similar CNN: “It tells youth who are different,
pundit running for the presidency, used Petitjean outside the church. “That day become a universal brother.” absence of hate that she contacted or whose families are different, that
the priest’s photograph online to back was a shock which has no name for all Three French men will appear in Kermiche’s mother after spending the there’s something wrong with them.
his claims that Muslims were a threat to our family,” said Hamel, a widow with Paris criminal court in connection with first months after the murder thinking And I do think that contributes to the
France. Hamel said: “When I give four children. “I cannot describe his death on Monday. Farid Khelil “I need a reason to keep going and to shocking levels of suicidal thoughts and
evidence [in court], there is no question what we felt when we learnt 36, Yassine Sebaihia, 27, and Jean- have my brother’s strength of faith”. suicide attempts in LGBTQ youth.”
of condemning the Muslim community, about this terror attack . . . this Philippe Steven Jean-Louis, 25, “The solution I found was to ask my- Polling regularly shows both men
not at all, at all, at all.” crime against the body of my are accused of knowing about Ker- self who could suffer more than me,” she among the favourites with their party
It would wrong to underestimate the brother, a priest in his church miche and Petitjean’s plan and of said. “And little by little I put myself in for the next presidential nomination if
impact of his murder, either on Hamel’s praying for peace and celebrating encouraging them to carry it out. the place of the parents of this young Trump and Biden are not running.
family or on French society, however. the passion of Christ. For a They deny the charge of partici- man who had become an assassin. And Despite ideological differences they
Six days after an Islamist had killed 86 long time it was incom- pating in a terrorist organisa- I thought, ‘What if it was my son who have striking similarities: both attend-
people in Nice in July 2016, Adel Kermi- prehensible that this tion. A fourth defendant, had taken the wrong path to the point of ed Harvard, Buttigieg as an undergrad-
che and Abdel Malik Petitjean, both 19, could happen, making Rachid Kassim, also becoming an assassin? How great would uate and DeSantis for law school; and
burst into Father Hamel’s church as he French, will be tried in his my pain have been?’ It can happen in any both joined prestigious fraternities:
held a morning service for a congrega- Roseline Hamel, 81, absence for allegedly in- family. You only need a teenager when Delta Kappa Epsilon for DeSantis, the
tion of five. His sister recalled: “His body has befriended the stigating the attack they are seeking a path between child- same as five presidents including both
was stabbed ten times with a knife mother of one of the from Syria where he hood and adulthood to come across bad Bushes, while Buttigieg was in Phi Beta
before his throat was slit. He was pushed two Islamists who had joined Islamic friends for all the education you have Kappa which boasts 17 presidents,
and shoved and forced to kneel. He stabbed her brother State. He is thought to given them to be forgotten in an instant.” including Carter and Clinton.
42 2GM Saturday February 12 2022 | the times
World
VLADIMIR SELIVERSTOV/CATERS NEWS
World
Foot-selfie helicopter trips face chop Earhart’s $80,000 flying cap kept
Will Pavia Foot-selfie thrill
seekers hang
city and the helicopter companies com-
promised, reducing flights to 30,000 a
locked in cupboard for 90 years
With balmy weather predicted, a their feet and year and banning them on Sunday. Keiran Southern Los Angeles told her son that as a schoolgirl in 1929
helicopter sightseeing company put out legs out of “For a year it was quieter,” Elstein she visited an airport in Cleveland,
a call to people who wanted to photo- helicopters and said. “Then FlyNYON, based out of A leather flying cap once worn by the Ohio, to see Earhart, who had just fin-
graph their feet dangling over Manhat- record the Kearny, New Jersey, started offering American aviator Amelia Earhart is ished third in an all-female national air
tan. “Get Your Perfect Shoe Selfie This moment for these doors-off tourist flights.” Because expected to fetch at least $80,000 after race, the Powder Puff Derby.
Weekend!” declared FlyNYON, whose social media their helicopters were flying from New lying in a family’s cupboard for The pilot was mobbed when she
helicopters fly without doors, allowing Jersey, they were not subject to the more than 90 years. landed and afterwards a boy
passengers to stick their feet into the Central Park. “They fly 200ft to 300ft terms of the 2016 deal, she said. Anthony Twiggs, a 67- 7- who was said to have taken a
void to capture a picture of them skim- over my building,” she said. In Central About the same time a helicopter year-old retired photo-- liki
liking to Brookhart pulled
ming the rooftops. Park when “jogging round the reservoir company called Blade began commut- grapher from Minnesota, he
her aside and handed over
Satisfied customers post footage on there are often three or four helicopters er flights from Manhattan to New inherited the cap from his th cap, saying he had
the
Instagram, frequently describing it as hovering around”. York’s airports, and to the Hamptons. mother 20 years ago and pi
picked it off the ground in
the fulfilment of a long-held ambition. Elstein, 55, a lawyer and yoga teacher, Elstein said commuter flights made has been able to prove her th
the mêlée. Brookhart
Less enamoured of the flights are the is chairwoman of Stop the Chop, a pro- up at least 15,000 a year on top of the story that Earhart had d sto
stored it in an unsealed plas-
tens of thousands of people below. test group that was founded in 2014, to tourist trips. It is harder to count the worn it in 1929. She achievedd b
tic bag, only rarely recount-
In 2019 there were 3,000 complaints protest against traffic at the helicopter flights from New Jersey. But analysis of global fame after becoming ing ing the
ing th story to her four child-
about the helicopters. Last year New ports in Manhattan, from which there flight tracking app data one Sunday in the first woman to fly solo across Now experts have concluded
ren. Now,
York fielded 26,000 calls about noise. are 60,000 flights a year. Legislation July found that a third of 157 helicopters sappeared in
the Atlantic in 1932, but disappeared it is legitimate and it is being sold online
Melissa Elstein lives beneath a busy was introduced in 2015 that threatened in the air were FlyNYON flights from the Pacific in 1937 aged 39 while trying by Heritage Auctions in the US in a sale
flight path from the Hudson River to the industry and the following year the New Jersey, The New York Times said. to fly around the world. Ellie Brookhart ending on February 26.
44 Saturday February 12 2022 | the times
World
ALAMY
T
Anna Pope-Castro and a friend. She is sought extra police funding. But Mich- he obscure sport $1 million a year There are impossible to answer,” he
pleased to have “a safe place to do ael Shellenberger, the author of San of disc golf has under a contract with some in the said.
drugs where the cops can’t come in” Fransicko: Why Progressives Ruin Cities, emerged into a frisbee community, “There are many
said that families of drug addicts had the spotlight to manufacturer. He however, who argue historical accounts of
connect them with healthcare and welcomed the centre but compared its hail a master of has earned that the sport has people playing golf with a
housing services in an area long blight- supervised drug use policy to “handing frisbee throwing (Will more than an even longer flying disc, some of which
ed by crime and homelessness. More a loaded gun to a suicidal person”. Pavia writes). $500,000 in history. They pre-date the advent of the
than 1,360 people have died from acci- He wrote online: “The city is carrying Ricky Wysocki, 28, prize money claim that its plastic flying discs by
dental drug overdoses in San Francisco out a bizarre medical experiment from Arizona, is driving and the origins lie beyond many years. Each
in the past two years — almost double whereby addicts are given everything crowds wild as they watch accolades of the the reach of the account was an isolated
the number of Covid-related deaths. they need to maintain their addiction him navigate courses that Professional most dedicated instance of recreational
London Breed, the Democratic — cash, hot meals, shelter — in ex- wind through trees and Disc Golf disc golf historians. disc golf play and none of
mayor, has been accused of condoning change for . . . almost nothing. Voters over water hazards Association, Jim Palmeri, the participants knew of
illegal drug abuse as a “bizarre medical have found themselves in the strange towards “greens”. The which has another pioneer anyone else playing disc
experiment”. Journalists are barred position of paying for fentanyl, meth hole is a basket strung made him its of disc golf and a golf.”
from the centre but addicts leaving the and crack use on public property.” with chains that catch a player of the member of the Every player now
site said this week that they were freely A member of the city’s Department well-aimed plastic disc. year four sport’s hall of knows of Wysocki, who
able to use drugs there under the super- of Emergency Management denied “Ricky Wysocki doesn’t times. The fame, is said to have told ESPN: “It progressed
vision of outreach workers. that it condoned drug abuse, saying: sweat,” Ken Klavon, the association responded to an from ‘Hey this is fun!’ to
Many users are hooked on fentanyl, “This site is about getting people con- disc golf reporter, said on traces the inquiry about the ‘Hey, I’m going to
the synthetic opioid up to 100 times nected with support, long-term ser- the sports website ESPN. sport’s origins beginnings of disc golf dedicate my life to this.’ ”
stronger than morphine that is fuelling vices and treatment.”
T
he New York artist Leo enormous screen, 50ft wide and 10ft piece called Everydays: the First to your NFT would do “a disservice you can also control the light”, Sacks
Villareal makes light high, on which he displays the pieces 5000 Days for $69 million at to the art”, he said. He advises that said. “I have a collector now in New
sculptures that stretch but it was not necessarily the sort of Christies, Sacks began hearing from you mount your screen vertically, in York who is trying to figure out how
along walls and ceilings or thing that everyone could fit in their a new generation of art collectors. portrait mode, to avoid the to do this in his backyard, which is
beneath the arches of living rooms. Some were cryptocurrency temptation of using it to watch complicated because the projector
Waterloo Bridge. Some will fit in Steven Sacks, an old hand when it enthusiasts; NFTs use the same Match of the Day. itself has to be weather-proof and
your lounge, some take up most of a comes to digital art, was getting the blockchain technology that The next level for the really vermin-proof.”
museum. same question. Sacks founded undergirds digital currencies such serious (and seriously wealthy) NFT It must be a nice house. “He has
His latest collection, Cosmic Reef, Bitforms gallery in New York in as ethereum. But as the movement fan would be “a video wall option” an incredible home in Manhattan,”
was meant to be simpler. He wanted 2001, focusing on “new media art”, took hold, “real collectors started to which is “architecturally integrated Sacks said. “One of the top three I
to make a “purely digital work that some of which had to be viewed on a come out of the woodwork”, he said. into your home”, he said. He has have been in.” The artwork could
would live on a computer, that screen. Getting a large one was And they wanted to know how to developed relationships with a few only be displayed in the evening.
would not necessarily have a prohibitively expensive in 2001. “I display what they bought. companies that do this, effectively “But it’s still cool to have a dinner
manifestation as a physical object,” had a fairly small audience that was As it happened, screens had producing custom-made screens party and have an amazing artwork
his wife, Yvonne Force Villareal, buying this work,” he said. become a lot cheaper, he said. “You that cover an entire wall. “We are going on in the background,” he said.
the times | Saturday February 12 2022 2GM 45
World
A
colour picture VRT. “This is why there
of Hitler are so many photos like
being driven these in private
through the collections. Often they
Belgian city of remained unknown.”
Ghent has been released Bostyn said that he
after being transformed spoke to surviving
from the original black witnesses and scoured
and white (Bruno archives before adding
Waterfield writes). the colour to the black
Hitler raises his arm to and white photographs.
his troops while Erich “I look at the contrast
Kempka, his SS driver, for his face,” he said. “It
sits sternly at the wheel. is sometimes difficult to
The Nazi dictator’s trip do skin colour, there is
to Belgium on June 1 an element of artistic
1940 as the invasion of freedom. I know Hitler
France continued was a was not purple but there
personal date can be a bit of guessing.”
with destiny. In Flanders at Ypres,
After Ghent, he Hitler marched through
went to the fields the Menin Gate, a
of Flanders where memorial to the British
he had been and Commonwealth
decorated with his soldiers who died there.
first Iron Cross in The trip was intended
1914, an event he pictures were also collaboration with the and two fighter aircraft as propaganda to lay the
described as his released on social Nazis.” planes patrolling the ghosts of German defeat
happiest day. media with real The Vlaamsch skies, Hitler had landed in 1918. Another picture
The rare picture, reluctance because Nationaal Verbond, the at Evere airfield outside from 1941 shows Flemish
part of a private of the shadow still Flemish nationalist Brussels where the Nato children returning to
Belgian collection, cast by the Nazis. party, worked with the headquarters now stand. their families in Ghent
was colourised by “I was afraid of Nazis between 1940 and The pictures, mostly after holidays in
Korneel Bostyn, a Instagram banning 1944, deporting Jews to taken by members of the Germany.
graphic designer in me,” he told The Nazi death camps. Wehrmacht, come from The station is draped
Antwerp. Bostyn Times. “The Flemish Before parading the collection of Sander in swastikas and a Nazi
said that other movement had through Ghent with a Van Wassenhove. officer addresses the
Second World War involvement in convoy of 12 staff cars “Virtually every crowd.
Koala bears put on endangered list Video call honey trap victims
Australia population pressures, particularly in
southeast Queensland and southwest
than 61,000 koalas, according to a study
by the World Wide Fund for Nature.
paying up to hide their shame
Bernard Lagan Sydney
Sydney, have eaten into their habitat. The federal government is seeking India investigating team, it was “a man using
Koalas have been officially classed as It is estimated that one third of the agreement from Australia’s states and a Chinese mobile that can convert a
Amrit Dhillon Delhi
endangered in parts of Australia, their koalas in New South Wales, about territories for a national koala recovery male voice into a female and vice versa,
numbers devastated by more intense 10,000 animals, perished in the 2019-20 plan, costing A$50 million (£26.3 mil- It began with a friend request on Face- and change your voice to sound like any
bush fires, land clearing and predators. black summer bushfires and the prece- lion). The government, however, has book. After a while, the former minister age — a teenager, a 40-year-old or
They have been listed as vulnerable ding drought. Queens- approved the clearing of about 100 sq in Gujarat began texting the woman older”. The video of a woman undress-
since 2012 but, without stronger protec- land’s koala popula- miles of koala habitat since who had sought him out. One day she ing would have been pre-recorded.
tion, are at risk of disappearing. tion has fallen by the species was declared started a video call and took off her The incident was one of a growing
Australia’s environment minister, about 50 per cent in vulnerable. clothes, persuading him to undress too. number of online honey traps that the
Sussan Ley, said that the marsupials the past decade. A 2020 parliamentary Hours later he received images of authorities say is an epidemic. Dheeraj
were facing a higher risk of extinction The fires decimated inquiry warned that koa- himself posing nude along with a de- Kumar, Delhi joint police commission-
as a result of “prolonged drought, the an area ten times the las could become extinct mand for 600,000 rupees (£6,000). er, said his team had arrested gangsters
black summer bushfires and the cumu- size of Wales, killing or by 2050 if urgent measures Failure to pay, the woman warned, running a racket in which 200 victims
lative impacts of disease, urbanisation displacing nearly three bil- were not taken. would result in the images being sent to — businessmen, doctors, lawyers, poli-
and habitat loss over the past 20 years”. lion animals, including more Basha Stasak, from the his wife, children, parents and friends. ticians — were blackmailed over a year.
The endangered classification Australian Conservation What the politician did not know was “They pay up because of the shame of
applies to the bulk of the remaining Land clearing, predators Foundation, said the sit- that the person he was talking to most being exposed, the loss of face,” Kumar
koalas that live in eucalypt forests along such as dogs and fires uation was “embarrass- of the time was not a woman. According said. “There’s no guessing how many
Australia’s populous east coast. Human are a threat to koalas ing” for the country. to Inspector Anil Sharma, part of the haven’t come forward.”
the times | Saturday February 12 2022 2GM 47
Business
world markets (Change on the day) commodities currencies
FTSE 100 Dow Jones Gold Brent crude (6pm) £/$ £/€
7,661.02 (-11.38) 34,738.06 (-503.53) $1,840.71 (+1.32) $ $93.23 (+0.89) $ $1.3596 (-0.0044) $ €1.1925 (+0.0053) ¤
8,000 38,000 2,000 100 1.400 1.225
Costa urges PM and City bigwigs to twist Arm into London listing
Louisa Clarence-Smith technology success story to have amid widespread scrutiny from regula- global companies and of the prime the FTSE 100. He dismissed arguments
emerged in Britain in recent decades. tors over competition concerns. It is minister’s stated ambition to secure that the Nasdaq offers a deeper pool of
Ken Costa, the veteran investment Founded in 1990, it is a global leader in feared that a flotation could be delayed Britain’s status as a technology super- capital, higher valuations of technology
banker, has called on Boris Johnson to chip design and processors based on its by a legal dispute with the head of its power by 2030. companies and a more sophisticated
lead a taskforce of the City’s great and patents run virtually every smartphone Chinese joint venture, but an Arm Costa believes that the UK Infra- analyst community. “It is simply not
good to convince Arm to list in London. on the planet. spokesman said the company was “con- structure Bank and sovereign wealth true that you will get a greater rating on
He wants the prime minister to The former London-listed company fident a resolution will be reached”. funds such as Saudi Arabia’s Public Nasdaq than you will in London,” he
co-ordinate with the London Stock was sold to SoftBank, the Japanese Costa, 72, a former chairman of Investment Fund could act as corner- said. “The analysts are global analysts
Exchange, bankers and technology technology investor, for £24 billion in Lazard who is now co-chairman of stone investors in a London float. He and they don’t only follow US stock. It
founders to present a credible alter- 2016. SoftBank said this week that it Alvarium, a London-based investment expects Arm to achieve a listing valua- is great that Nasdaq has a great domes-
native to listing the Cambridge-based was planning to float Arm in the next advisory business, said that securing tion of about $40 billion, or about tic US pool, but if you’ve got a global
chip designer on the Nasdaq exchange. year after a deal to sell it to Nvidia, the Arm was a “crucial test” of London’s £30 billion, which would make it the company, and Arm is a standout UK
Arm is considered to be the biggest American chip company, fell apart role as the dominant capital market for biggest listed technology company on global company.”
Gove threats
are unlawful,
say builders
Bosses fight back against cladding crisis penalties
Alistair Osborne, Tom Howard declining to do what they have no legal
Louisa Clarence-Smith obligation to do and is proposing to
penalise them by . . . using powers con-
Michael Gove is acting “unlawfully” in ferred for different purposes”.
threatening housebuilders over the Since becoming housing secretary
cladding crisis, a leading player in the last September, Gove has begun a
sector has told the government. clampdown on housebuilders and
Persimmon has taken legal advice others in the cladding supply chain in
from Lord Pannick QC over whether the wake of 2017’s Grenfell Tower
the housing secretary is breaking the tragedy, in which 72 people died. In the
law with his demands that builders pay autumn budget, housebuilders were hit
towards a £4 billion fund to fix fire-safe- with a 4 per cent profit tax to raise
ty problems or be shut out of the prop- £2 billion. This was on top of funds that
erty market. Other housebuilders are many, including Persimmon, Taylor
also threatening legal action, with the Wimpey, Bellway and Barratt Develop-
Home Builders Federation sending a ments, have set aside to rectify fire-
letter to Gove’s department this week. safety issues in properties that they Net gains The value of Scottish salmon exports has risen by 36 per cent thanks to growth in its largest markets. Sales
Dean Finch, chief executive of built of 11 metres or taller. Gove has overseas generated £614 million last year, a rise of £136 million on 2020 and just short of the record £618 million in 2019
Persimmon, wrote to Richard Good- since demanded they chip in to a fur-
man, director-general of safer and ther £4 billion fund.
greener buildings at the Department
for Levelling Up, Housing & Communi-
ties, detailing the “serious implications
of the proposed policy” for the com-
A week ago, Goodman caused con-
sternation across the sector when he
wrote to builders warning them that
they must make open-ended payments
Suitors given deadline for Boots bids
pany “and other developers”. towards this “remediation fund”, Ashley Armstrong Retail Editor 1849 as a shop in Nottingham selling overlaps in their consumer bases, the
Informing him that Persimmon had including covering the costs where a herbal remedies. It now has 2,200 shops supermarket was unwilling to risk
engaged a leading QC, Finch said: “Per- developer can no longer be traced or Prospective bidders for Boots have and 550 opticians employing about having another deal torpedoed by the
simmon has been advised that it would has gone bust. He said those that were been given until the end of the month to 51,000 people. Walgreens, the Amer- competition watchdog after its merger
be unlawful for the secretary of state to “unwilling to meet” such commitments lodge first-round bids in a £7 billion ican retailer, acquired it in two stages in with Asda was rejected.
implement his suggested sanctions of would no longer “enjoy the benefits” of auction for the health and beauty the early 2010s after Stefano Pessina, The billionaire Issa brothers and
imposing penalties on developers who government support or services. chain. 80, the Italian billionaire, engineered a TDR Capital, who bought Asda last
decline to enter into the proposed Peter Truscott, the boss of Crest With interested parties including the series of deals. year and own the EG Group petrol fore-
agreement, for example by calling-in Nicholson, said Goodman’s letter was new owners of Asda and a clutch of the A Walgreens Boots Alliance spokes- courts business, are taking a close inter-
planning applications, removal of the equivalent of saying “we’d like you world’s largest private equity firms, it is man said that since the takeover the US est in the process and are expected to
developers from the Help to Buy to hand over your bank account to us understood that Sebastian James, the parent had invested £2.8 billion in the make a bid, according to sources.
scheme and the proposed ban from each year, tell you how much we’re Boots UK chief executive, has been company, including £300 million re- Sources said that the frontrunners
competing for future contracts with going to extract and then tell you when meeting prospective bidders alongside cently in online and store refurbish- were still considered to be Bain and
Homes England. we’re going to stop. Is that OK?” advisers at Goldman Sachs this week. ments. However, it also has taken hun- CVC, who have formed an early part-
“To paraphrase his clear advice, Lord Finch declined to make any com- They have been touting the opportun- dreds of millions of pounds in dividends nership that includes Dominic Murphy,
Pannick has said these sanctions would, ment. But his letter pointed out that ity for Boots to offer more health from the British business. the private equity boss who previously
if implemented, be unlawful primarily Persimmon was “one of the first major services, including vaccinations, and an Senior sources said that despite spec- orchestrated KKR’s takeover of Boots
because the secretary of state is threat- developers to commit that leaseholders improving range of beauty brands. ulation that J Sainsbury would be inter- and continues to have a seat on the
ening to penalise the developers for Continued on page 48, col 5 Boots was founded by John Boot in ested in Boots, largely because of the Walgreens Boots Alliance board.
48 2GM Saturday February 12 2022 | the times
Business
Need to know
1
Michael Gove is acting
“unlawfully” in threatening
housebuilders over the cladding
Public sector v private equity
crisis, a leading player in the
sector has told the government.
A company owned by Guy Hands’ Terra Firma
Persimmon has taken legal advice
over whether the housing minister
is in a multibillion-pound showdown with the
is breaking the law with demands Ministry of Defence, reports Dominic O’Connell
builders pay into a £4 billion fund
to fix fire-safety problems. Page 47 A short walk from the Battle of Britain with. Hands left Nomura in 2001 and
Bunker in Uxbridge — the route, Terra Firma, his investment firm,
2
Prospective bidders for Boots naturally enough, takes you round bought Annington from Nomura in
have been given until the end Dowding Park, named after one of the 2012.
of the month to lodge first- key Royal Air Force commanders in The rationale for the deal was
round bids in a £7 billion auction that crucial aerial war — you come to straightforward. Many of the houses
for the health and beauty chain. Grays Road, a street of empty, rundown were in poor condition and the MoD
Sebastian James, the Boots UK houses that has become central to one did not want to devote large amounts of
chief executive, has been meeting of the Ministry of Defence’s biggest time, money and effort to managing the
bidders alongside advisers at modern-day struggles. estate and improving it. Instead, it
Goldman Sachs this week. Page 47 In this fight, the sides are armed not would make money by selling the
with Hurricanes or Messerschmitts, properties — tens of thousands of
3
Ken Costa, the veteran but with lawyers. Ministers have begun homes spread around barracks and
investment banker, has called an assault that they believe eventually bases nationwide — and would rent
on Boris Johnson to lead a will reverse one of the most controver- them back. Portillo was under pressure
taskforce of the City’s great and sial and costly privatisations ever un- to sign. There were leaks that the Trea-
good to convince Arm to list in dertaken by the government — the sale sury was prepared to cut weapons
London. Costa is calling on the of the MoD’s married quarters, 55,000 budgets if the privatisation wasn’t
prime minister to co-ordinate with homes initially, to property investors. completed. He told the Commons: “If
the stock exchange, bankers, and The opening skirmishes have been we do not proceed with the sale . . . we
tech founders to present a credible fierce, with the ministry accused of act- would condemn a large number of
alternative to listing the chip ing in bad faith, wasting public money service families to go on living in poor
designer on Nasdaq. Page 47 and letting down services personnel by conditions.”
leaving homes in an appalling condi- Annington clinched the deal after
4
Ministers have begun a legal tion. The MoD says that its deal with agreeing to scrap a re-
battle to reverse one of the Annington Homes, the owner, has left location clause, giving
most costly and controversial it billions of pounds out of pocket and it up the right to move
privatisations ever undertaken — is determined to get better value for forces families if it
the sale of the MoD’s married money, even if that means using the wanted to redevelop a
quarters to property investors. courts to unpick the sale. Annington particular estate. It
has threatened its own legal action and took on the owner-
5
A boss of the company that has given the MoD a deadline of this ship of the houses for
had responsibility for the Tuesday to back down. 200 years, with the
failed Woodford Equity The 1996 deal was one of the last ministry paying rent
Income Fund has stepped down as spasms of the privatisation programme at a discount to
the Financial Conduct Authority of Sir John Major’s government. It market rates, 58 per
prepares to publish its report into came in the same year that Railtrack, cent off for the first
the scandal. Christopher the doomed successor to British Rail, 25 years, with a re-
Addenbrooke resigned as director was sold to the private sector in a listing negotiation of the
of Link Fund Solutions on on the London Stock Exchange. There discount set for
February 2 after 15 years. was considerable opposition. Unions, 2021. Crucially, the
the armed forces and even Conser- ministry retained
6
The economy expanded by 7.5 vative backbenchers were stridently the responsibility
per cent last year to achieve opposed to MoD houses having private to pay for the
its fastest level of growth since owners. Nevertheless, Michael Portillo, houses’ upkeep.
the Second World War, clawing the defence secretary, pressed ahead, What the archi-
back most of 2020’s dramatic 9.4 signing off a £1.6 billion sale and lease- tion had not fore-
tects of the privatisation
per cent collapse in output. Britain back agreement with Annington, then seen was the rapid increase in the value
is on track to be the G7’s fastest- owned by Nomura, the Japanese bank, of the estate. Annington has been the MoD had conducted the initial of many of the properties, on MoD
growing economy in 2021. Page 50 with significant investment from something of a goldmine for its inves- negotiations and its handling of the bases in the south of England, in-
BlackRock, Hambros and Royal Bank tors, paying hefty dividends from loans contract since. When assessing how creased as much as fivefold.
7
Cities in the Netherlands have of Scotland. secured against the steady flow of MoD much the homes might increase in The audit office calculated that, in
started to take action against Annington’s chairman was Sir rental payments, with the bonus of value, ministry officials and advisers the first 21 years of the contract alone,
distribution hubs for on- Thomas “Tommy” Macpherson, a windfalls from the redevelopment of had been extremely cautious, assuming the government had lost between
demand grocerty deliveries after highly decorated Second World War properties surplus to military require- rises of 1 per cent a year. They also sold £2.2 billion and £4.2 billion. Annington
complaints that they are causing a hero dubbed the “kilted killer,” but the ments. Although about 15,000 homes just when house prices had fallen had made annual returns of 13.4 per
nuisance. Amsterdam and driving force was a little-known have been handed over to Annington, sharply. The combination, the audit cent, not the 9.7 per cent assumed when
Rotterdam put a one-year freeze Nomura banker called Guy Hands. The the annual rent bill has risen from office found, implied that “they thought the deal was done. And the promise of
on new dark stores and other underbidder was a consortium led by £111 million to about £180 million. house prices would never return to improved-quality accommodation had
cities may follow suit. Page 51 Peter Beckwith, the property tycoon A 2018 National Audit office inquiry their then long-term trend”. In reality, not been kept: “The department has not
and father of socialite Tamara Beck- was scathing in its assessment of how house prices rose sharply and the value properly carried out its retained man-
8
Genius Sports, the British
data group, has taken a huge
gamble that its statistical
licensing deals covering hundreds
of leagues and organisations will Invasion fears drive up price of oil Gove threats
pay returns as online gambling
takes off in the US and punters
and media groups look for
Robert Miller higher than they were at the start of the
year.
year high and traders braced them-
selves for the Federal Reserve to start
unlawful,
information. Page 52 Oil prices hit their highest settle value
in nearly eight years last night after a
Wall Street’s stock markets turned
negative after the White House warning
raising interest rates from their near-
zero level as soon as next month and to say builders
9
Heathrow said that it had senior White House adviser warned about an imminent Russian invasion of increase them four or five more times
handled 2.59 million that there were signs of Russian escala- Ukraine. Investors sold shares and by the end of this year.
3.3%
passengers in January, but had tion at the Ukraine border and that an The technology-biased Nasdaq bore Continued from page 47
lost another expected 700,000 invasion could take place during the the brunt of the sell-off and by the close in any multistorey building we con-
because of cancelled travel plans Winter Olympic Games. last night was down 394.49 points, or structed would not have to pay to have
due to Covid restrictions , on top Jake Sullivan, a US national security 2.8 per cent, at 13,791.15, bringing its cladding removed or safety issues rem-
of the 600,000 no-shows that it adviser, said: “We are in the window weekly fall to 2.2 per cent and leaving edied”, setting aside £75 million to tack-
recorded in December. Page 53 when an invasion could begin at any Rise in price of Brent crude yesterday the index 11.9 per cent lower since the le such problems. He wrote that from
time.” start of the year. April the company also would be pay-
Business
Michael Portillo,
The ministry wanted the whole estate
back. “If the cost of recovering full
Silentnight
when he was
defence secretary,
pressed ahead with
ownership of the units from Annington
is less than the present value of MoD’s
liabilities, such a transaction is likely to
pensioners’
the sale of the represent good value for money,” Quin
military housing said. Patrick Hosking Financial Editor
estate to Guy Hands, Annington was furious. “We are gen-
left, but the state of uinely shocked that UK Government The professional body for accountants
many of those Investments is acting in this way, and is has been urged by its members to hand
homes has drawn seeking without notice to tear up a over £13.5 million of fines that it
fury from all sides long-standing agreement, which sends scooped as a result of the Silentnight
a dreadful signal to businesses which pension fund scandal.
rely upon the good word and good faith Some members of the Institute for
of government,” Baroness Liddell of Chartered Accountants in England and
Coatdyke, the former Labour politician Wales have called on the body to think
who chairs Annington, scolded in a again, saying that it had a moral duty to
letter to Ben Wallace, the defence sec- pass on the fines, while the reputational
retary. hit to the profession was terrible.
In a conference call with investors, Nick Sherrard, a former Coopers and
the company said it was confident that Lybrand (now part of PwC) partner and
it could see off the MoD in court. a fellow of the institute, spoke for many
Enfranchisement laws did not apply to who contacted The Times when he said,
the deal, in its opinion, and in any event “The morality and the optics of
the ministry could be in breach of its collecting a multimillion-pound fine
“public law” duties — in essence, the and then pocketing the proceeds are
government would be wrongly break- dreadful.”
ing a contract. He contrasted the institute’s decision
Annington also went on the attack, to hang on to the fines with the conduct
releasing photos showing the shocking of West Ham United, the football club,
state of some of the MoD houses. The which this week fined Kurt Zouma for
crumbling homes in Grays Road were kicking his cat but passed on the pro-
one of the star exhibits. The 87 proper- ceeds to the Royal Society for the Pre-
ties have been empty since 1996, yet the vention of Cruelty to Animals. “The
MoD has paid Annington £10 million in ICAEW should follow suit,” he said.
rent. Other pictures showed homes in David Haydon, 70, a life member of
Kent with mould and even plants the institute who has worked for
growing over damp interiors. “It is a Coopers, Thomson McLintock (now
matter of profound regret that the part of KPMG) and Grant Thornton,
[MoD] does not take its obligation to expressed similar regret: “The excess
ensure good upkeep seriously; the state [above ICAEW’s costs] should go to the
of the properties in which our service Silentnight pensioners, not into the
personnel are expected to live is often coffers of the institute. We’re not short
unacceptable.” of money. There’s a moral imperative
As well as a stick, there was a carrot. here, regardless of what the law says.”
Liddell said that Annington would set Other members have threatened to
up a £105 million fund to refurbish the resign from the institute in protest, call-
estate, but only if the MoD withdrew ing the episode “shameful,” “shocking”
the enfranchisement action. She gave and “very disappointing.”
the ministry two weeks to accept the Eleven years ago KMPG helped to
offer. The deadline expires on Tuesday. push Silentnight, the mattress com-
In an interview with Times Radio, pany that was its client, into insolvency
Liddell said the government should not to help another client, the private
be considering spending billions buying equity group HIG, to buy its operations
agement responsibilities for the estate UK Government Investments, a Trea- house near RAF Cranwell in Lincoln- the estate, which has been valued at just on the cheap, shorn of the pension
and . . . the estate has been receiving the sury-owned company that looks after shire. It would use “enfranchisement” under £8 billion. “It would be a strange liabilities. The 1,200 cheated pension
minimum acceptable level of mainte- big state investments. The deal was laws, legal rights that give leaseholders time to be doing it after the house price fund members face cuts to their prom-
nance.” struck on December 15, with the rental the ability to buy back freeholds from inflation we have had. It is clear we are ised pensions of 30 per cent as their
The NAO urged the ministry to get discount going down from 58 per cent their owners. It was a Trojan horse. One at or near the top of the market,” she scheme is likely to go into the industry
its act together for the renegotiation of to 49.6 per cent, meaning that Anning- month later, Jeremy Quin, the defence said. She also confirmed that Terra Fir- lifeboat, the Pension Protection Fund.
the rental discount due last year. “Many ton eventually would receive another procurement minister, came clean on ma had shelved plans to sell Annington. KMPG and David Costley-Wood, one
billions of pounds are at stake, and were £30 million a year. The new discount the ministry’s real intentions in a state- The MoD said it was considering of its partners, were fined £13.5 million
the department not to be ready when would apply for 30 years. ment to Parliament. The MoD would the offer, but it is unclear whether there by the Financial Reporting Council last
detailed negotiations start it could The following day, however, there “explore the exercise of its statutory will be a response this week. Sources year. However, under the Accountancy
sacrifice very significant public value.” was a sudden twist. The MoD served leasehold enfranchisement rights to close to Annington said the company Scheme the fines were passed on to the
In the end, the talks were led for the notice on Annington that it wanted to buy out Annington’s interest in the wanted to give the ministry every op- institute.
government not by the MoD but by take back ownership of one property, a homes and gain full ownership rights”. portunity to “engage” with the proposal. The institute has expressed sympathy,
but argues that the Accountancy
Scheme was never intended to operate
nificant levy on top, we need to be able
to explain to our shareholders both the
legal, commercial and equitable basis
for making additional contributions.”
Link director quits ahead of report as a compensation avenue for victims of
accountancy misconduct. It denies that
the money is “a windfall”. The institute
confirmed that it had received “feed-
Other housebuilders are similarly Ali Hussain Chief Money Reporter its authorised corporate director with Investment platforms, notably Har- back” over the affair, adding that there
aggrieved. Matthew Pratt, chief execu- overall responsibility for the fund, in- greaves Lansdown, helped it to grow to was no evidence of members refusing to
tive of Redrow, said: “We pay our taxes A boss of the company that had overall cluding ensuring that it was managed in more than £10 billion at its peak. pay their fees in protest. Some ICAEW
in the UK and we’re going to pay sub- responsibility for the failed Woodford accordance with its stated aims and did However, Neil Woodford, the fund’s members have told The Times that they
stantial taxes. It’s difficult for us to say Equity Income Fund has stepped down. not take on too much risk. once-lauded manager, made high-risk plan to refuse to pay the annual sub-
we should be paying for foreign inves- Christopher Addenbrooke resigned as Addenbrooke presided over two bets that failed. Investors launched scription, which is £400 for a full
tors who have come over here and done director of Link Fund Solutions on other scandals during his tenure as the legal action against Link. member.
the buildings and closed up shop.” February 2 after 15 years. boss of Link Fund Solutions, previously In December the FCA said that it had The institute, which has 157,000
James Thomson, chief executive of The announcement on the Compa- known as Capita Financial Managers. all key evidence for its investigation. members and has a regulatory function
Gleeson, said: “I run a public company nies House website yesterday comes as The company was also authorised cor- Last month Mel Stride, chairman of the as well as being a trade association, is
on behalf of all stakeholders. I can’t be the Financial Conduct Authority pre- porate director for the Arch Cru fund, Treasury select committee, wrote to it unusual in being able to profit from the
making large, multimillion-pound pares to publish its long-awaited report which was suspended in 2009. The to “ensure that this investigation and misconduct of its members.
voluntary contributions.” into the Woodford fund scandal that company paid £32 million to investors any regulatory action which follows is While the £13.5 million could help the
Lord Pannick is one of Britain’s lead- shook the investment world. as part of a settlement in 2012. In 2017, resourced to ensure as swift as possible pension scheme to stay independent, it
ing advocates. He acted for Gina Miller The fund was frozen and then shut at about the time Capita changed its a conclusion”. is thought much more likely that it
in the Supreme Court in September down by Link, without consulting in- name to Link, the City watchdog or- Justin Modray, of Candid Financial would still have to enter the lifeboat
2019 when it unanimously held that the vestors, in 2019 after poor performance. dered it to pay £66 million to investors Advice, said: “The timing of this move scheme. In that case, other traditional
prime minister had unlawfully pro- The fund is being dissolved and money over its role in the mis-selling of a high- by Christopher Addenbrooke will raise pension schemes would foot the bill
rogued Parliament. is being handed back to savers, who are risk scheme called the Connaught some eyebrows, given how long he has through the annual levy that they pay
A spokesman for Gove’s department expected to have lost about £1 billion. Income Fund Guaranteed. been at the company and so soon to the PPF. The Pensions and Lifetime
said: “We expect industry to pay to fix The regulator launched an inquiry The Woodford fund eclipses the before the FCA report into the Wood- Savings Association, which represents
unsafe buildings — nothing is off the into the failure of the fund. This will in- other two in scale. It was one of Britain’s ford scandal is published.” Link Fund pension schemes, said it was important
table.” clude the role of Link Fund Solutions, most popular investment products. Solutions declined to comment. that levies were kept to a minimum.
550 Saturday February 12 2022 | the times
Business
I
the pre-pandemic February 2020 peak prices. Officials said that inflation, t may be tempting to be several percentage course of the pandemic, calculates the output of
in November to being in line with it in which is already at 5.4 per cent, would celebrate the fastest points below the UK. surpassing pre-Covid the education and health
December, although we had thought the peak higher than the 5 per cent it pre- pace of growth in Yet yearly growth levels of output by the sectors means that
hit from the initial Omicron wave would dicted in November, when a simultane- 81 years, but the figures do not take into end of last year. Output in growth data for the UK is
be bigger,” Paul Dales, at Capital Econo- ous rise in energy prices, minimum context behind the account the starting Britain remained 0.4 per not entirely comparable
mics, the consultancy, said. wages and national insurance contri- figures tells a more point: Britain was hit cent below pre-pandemic with that of other
Suren Thiru, head of economics at butions comes into effect on April 1. complicated story worst by the pandemic, levels in the final quarter countries. As a result, the
the British Chambers of Commerce, The Bank’s inflation target is 2 per cent. (Arthi Nachiappan with the economy of last year, although UK figures show a more
said: “Although 2021 was a record year Dales said growth was expected to writes). contracting by a record output in December severe contraction in
for the UK economy, this more reflects have dropped in the first half of January Britain is technically 9.4 per cent in 2020, so matched levels recorded 2020 and a
data distortions caused by the compari- as people had to isolate, but activity the fastest-growing there was more room to in February 2020. The disproportionately high
son with the historic collapse in activity picked up in the second half. “With country in the G7 block rebound. America UK is about one quarter rate of growth in 2021
in 2020 than the reality on the ground.” inflation soaring, we doubt this will pre- of advanced economies. recorded a decline of behind France in terms of compared with other
Strong demand for workers and vent the Bank of England from raising The United States and 3.4 per cent, while the recovering its pre- economies.
limited supply pushed up vacancies to a interest rates from 0.50 per cent to France, the second and economy of France pandemic level of output, Darren Morgan,
record of more than 1.2 million in the 1.25 per cent this year and perhaps to third fastest-growing contracted by 8 per cent according to Fabrice director of economic
three months to December. Unemploy- 2 per cent next year,” he said. members of the bloc, that year. Montagne, chief UK and statistics at the ONS,
ment levels are close to historic lows at The trade deficit in goods and ser- grew by 5.7 per cent and If we consider the past senior European thinks that, all things
4.1 per cent and the number of vacan- vices narrowed by £200 million to 7 per cent, respectively, two years as an exercise economist at Barclays, considered, the UK is
cies is almost equal to the number of £12.8 billion in the last three months of last year. Canada and not in growth but in the investment bank. performing “in the
jobless people for the first time since 2021. Imports increased by 8.4 per cent Japan have not yet recovery, the US and National differences in middle of the pack” when
comparable data was recorded more in 2021 and exports rose by 4.9 per cent published their full-year France have grown more the way that the Office compared with other G7
than 20 years ago. compared with 2020, but both remain data, but are expected to than the UK over the for National Statistics countries.
The Bank of England raised interest lower than pre-pandemic levels.
Business
‘‘
put its trains and tracks back together dark stores
Times Business Reporter
Fans of gradual return to strict central control
cringeworthy with civil servants calling the shots. The new generation of fast grocery
government social The wild-child phase probably delivery services such as Getir and
media should direct reached its height under the late Sir Gorillas may be providing convenience
themselves to the Alastair Morton, who as chairman of for consumers, but in the Netherlands
Twitter account of Grant Shapps. the Strategic Rail Authority they are increasingly seen as a blight on
There they will find a side-splitting encouraged some extravagant plans. neighbourhoods.
skit where the transport secretary For example GNER, part of the now- Authorities in the country have
pretends to be having a conversation defunct Sea Containers group, started to take action against hundreds
on his mobile from the end of a planned to spend £4.5 billion tearing of so-called “dark stores” — distribu-
railway platform. down and rebuilding Clapham tion hubs for on-demand groceries
He has started a competition, he Junction, at the same time boring a where workers zip in and out on scoot-
says, to find a new home for Great new tunnel under London to take ers, prompting complaints that they are
British Railways, the body that commuter trains heading for Waterloo causing disruption and are a nuisance.
eventually will take over the running up into north London instead. Amsterdam and Rotterdam have put
of the entire network. An unseen man Strangely, the plan never became a one-year freeze on new dark stores
beside him interjects with eulogies to reality. and other cities may follow suit in
great railway towns: Crewe, York, Roger Ford, the technical editor of moves similar to those faced in Europe
Doncaster. Just some trainspotter, Modern Railways, the most astute (and by Uber, the ride-hailing service, and
Shapps says. Surprise! The camera acerbic) of railway commentators, Airbnb, the short-rental company.
pulls back to reveal that it is in fact dismisses the 30-year plan as a “total The proliferation of dark stores
Michael Portillo, the former waste of time”, pointing out that even accelerated during the lockdowns of
Conservative transport minister now the basics of Great British Railways the past two years, but they look set to
better known as host of the television are not yet known and are unlikely to remain a fixture across Europe, despite
programme Great British Railway become clear until next year. the easing of pandemic restrictions.
Journeys. The reality is that we are in for Marieke van Doorninck, 55, deputy
Once you have dried the tears of more of what we have now. Great mayor of Amsterdam, said: “The busi-
laughter, it is worth remembering that British Railways is likely to be, despite ness model of these companies is that
this joking around masks what is an protestations to the contrary, simply a they want to deliver groceries in ten
important moment for the future of rebooted version of Network Rail. minutes; that means they need to be
the railways. Covid-19 completely Private train companies will continue based in neighbourhoods, exactly the
shattered the industry’s finances and as they are now, running the railway place where they also cause nuisance.
fare revenue all but vanished to a pre-written script, with fares, This is not something that is happening
overnight. The train franchise timetables, budgets and rolling stock specially in Amsterdam, this is happen-
agreements in operation at the start of controlled from above. HS2 is already ing in most big cities.”
the pandemic have been torn up and April. Franchise managers are sector. At the same time, the a big commitment from the Treasury Complaints over noise have been
thrown away. This is an astonishing scratching their heads over how they government is drawing up a 30-year so there is unlikely to be extra money made by residents in London, notably
development. Franchises were the can meet the savings target. Service plan and has been asking everyone to to lure commuters back on to trains. in Islington, as well as in Berlin’s Kreuz-
cornerstone of the railway: long-term levels are already reduced and some submit ideas. The consultation closed Here is one small suggestion for berg district. In Paris, the unmarked
contracts that big transport companies rail experts are warning of much last week and it was clear that Shapps. For three decades the debate stores have been called a blight and
fought fiercely to win, spending tens of bigger cuts to come, perhaps with ministers were in the mood for some about the railways has been calls have been made for them to seek
millions of pounds to construct the whole routes closed and train fleets blue-sky thinking. The plan is to dominated by the role of the private licences as warehouses or face fines.
best possible bid, knowing that failure mothballed. That might be alarmist, change the “culture”, get staff to “think sector — in short, whether the Locals complain of restocking and de-
would leave them sitting on the but it is an unhappy coincidence that like customers, both passengers and industry should be renationalised. In livery going on 24 hours a day, while
sidelines for years. All that striving, all just as passenger numbers are starting freight, and put them first”, and to truth, that has already happened and scooters racing to deliver groceries are
those carefully laid plans, were blown to revive and managers should be have a “can-do, not can’t do” mindset. state control has been reasserted. accused of being traffic hazards.
away by the coronavirus. gearing up for the fight to tempt Begging bowls were not required. “Any There still remains, however, a Van Doorninck suggested delivery
Trains have been kept running only commuters back from their cars, there responses that focus solely on requests separation of responsibility between companies may have to move to
through huge government subsidy. In are likely to be fewer trains. Rising for new investments or enhancements the management of rolling stock and locations where ten-minute deliveries
the 12 months to the end of March passenger numbers do not necessarily will not be considered.” the management of stations, rails and might not be possible, even out of town.
2021, the industry’s total income was fix the industry’s financial problems: All this has been greeted by railway signalling, a division established at The three largest fast-grocery com-
£20.7 billion. Of that, £16.9 billion came commuter railways, in particular, rely managers with a heavy sigh. There privatisation. It is time to get rid of it panies in Amsterdam — Gorillas, Flink
’’
straight from the government. Fare on season-ticket sales, a big slug of have been umpteen strategic plans for and to recreate British Rail, great or and Getir — all pointed to the many
revenue, which normally brings in upfront money that is not likely to the railways since privatisation in the not. It doesn’t really matter if it is a customers satisfied with their services
£9 billion a year, fell to £1.8 billion. The return thanks to employers’ adoption late 1990s. One I spoke to, a contact government organisation or a private and said they wanted to work with city
companies running the train of hybrid working. from a long period spent as a transport one, or one body or a series of regional officials to resolve the problems.
franchises have by and large stayed in This short-term challenge is correspondent, remarked drily that he railways. An efficient railway requires Their fears of a hit on wafer-thin
place, but they are now just puppets, complicated by longer-term questions had spent his entire career dealing decent trains and margins are not hard to understand.
doing no more or less than they are about the industry’s structure. There with one great leap forward after well-maintained Each of the three companies last year
told by the Department for Transport. are frantic preparations to create another. The general direction of track. They should raised over $1 billion to expand. Goril-
The subsidy flood is about to abate. Great British Railways, Shapps’s new travel has been Big Bang in reverse. In be managed las, founded in Berlin in 2020, said it
The department (I suspect, in reality, fat controller organisation that will the early years post-privatisation, together. was “surprised and disappointed” by
the Treasury) has told train operators specify nearly every aspect of services there was an explosion of possibilities the bans. It is thought to have more
to expect cuts of at least 10 per cent but will not actually manage trains, a and train companies were prodded to Dominic O’Connell is business than 180 stores in Europe, employing
for the financial year that starts in task still delegated to the private think big. Ever since there has been a presenter for Times Radio 2,000 people in Amsterdam alone.
552 Saturday February 12 2022 | the times
Business
Business
12%
operator behind Paddy Power
$1.8 million to $70 million. Heavy ciently without Genius, he argued. It said. “The next iteration are these data and Betfair, also has a significant
investment in technology, data and forecast that annual revenue would companies that are making the gami- American unit. In a few short
streaming rights today would build a grow from $340 million this year, with fication that much more compelling.” years it has built up FanDuel
strong, prosperous business tomorrow, almost two thirds coming from its bet- Genius is positioning itself as an from a fantasy sports operator
it said — a bet that failed to muster ting division, to at least $430 million essential element of media and gam- into one of the country’s largest Group revenues from non-combustible
much enthusiasm. next. Adjusted earnings are set to climb bling companies’ efforts to “gamify” — online gambling businesses. products, up from 4 per cent in 2017
Last month Genius sought to from $15 million to above $40 million. persuading fans to stick around by Sportech, another betting Source: British American Tobacco
engineer something of a reset, hosting a Such forecasts have yet to feed through building a sense of competition and in- group, is getting involved from its
virtual investor day. Locke, 42, to the share price, which was flat yester- teractivity into broadcasts and plat- American base in Connecticut. It categories. The company has invested
described his company as “the key link” day afternoon at $6.07. forms and, ultimately, generating more already offers online, call centre heavily and it increased spending by
between sports leagues and the betting Bornstein is undeterred. “The money. Sport’s data-powered revolu- and retail betting in the state and £496 million last year as it aims for
groups, media outlets, advertisers and American landscape was traditionally tion may be in its infancy, but Genius says it is “actively pursuing” 50 million consumers of non-combus-
fans that follow them. It’s “difficult to broadcast networks, and then cable maintains that digging deep to establish more opportunities. tible products by 2030.
imagine” the industry operating effi- companies came along like ESPN,” he a central role for the future is a good bet. BAT, which is based in London and is
valued at about £75 billion, has been
investing in new brands as sales of
Business
The group still generates most of its
Robert Lea Industrial Editor to the year.” He said that the ending of money from cigarettes and it has been
South Terminal to reopen in-bound testing and isolation restric- offsetting falling volumes with price
Heathrow lost a quarter of its expected tions from today offered a “ray of hope”, rises. Cigarette volumes were “broadly
passengers last month because of the
short-lived travel restrictions imposed
by governments in reaction to the
Gatwick is to reopen its South
Terminal in time for Easter (Robert
Lea writes). The airline recession
but added: “The Omicron hangover
proves demand remains fragile and at
risk to new variants of concern. The
Email briefing flat” compared with 2020, at 637 billion
sticks. Growth in South Africa as the
market recovered from lockdowns and
spread of the Omicron coronavirus during the pandemic led the airport government needs to set out a playbook Get up to speed in five minutes a ban of sales in part of 2020 was offset
variant. to close half its capacity and to rely for managing future variants that al- Get the best of the morning’s by declines, including in Iran, after the
Britain’s largest airport said that it solely on its North Terminal lows travel and trade to keep flowing.” sale of the group’s operations in the
had handled 2.59 million passengers in operation, but with British Airways Different markets are recovering at results, deals, profit warnings and country in August, and the United
January, but had lost another expected due to restart operations, Wizz Air varying rates. Passengers on domestic sackings and the latest from the States. The sale of its business in Iran
700,000 because of cancelled travel to begin expanding at the airport services are already at more than half led to non-cash costs of £358 million.
plans, on top of the 600,000 no-shows and easyJet putting in more pre-pandemic levels. Passengers to the markets by 8am. Also get BAT disclosed about two years ago
that it had recorded in December. services, Gatwick said it planned to European Union and the United States, lunchtime analysis of the that the US Department of Justice and
Heathrow, the hub on the western have its South Terminal open by the however, are still down by about 60 per the Office of Foreign Assets Control, an
fringes of London that has lost £3 bil- end of March. “We can now look cent and the number of travellers to and breaking news and what’s enforcement agency that is part of the
lion over the course of the pandemic, forward to once again operating a from Asia-Pacific is still off by nearly moving markets, currencies and Treasury department, were investi-
said that it would operate at a little over busy Gatwick this summer and 75 per cent. gating “suspicions of breach of sanc-
half its 80 million capacity this year, as beyond,” Stewart Wingate, the This week Tui, Europe’s biggest commodities at 12.30pm. Direct tions”. It is not clear which country or
it recovers from Covid-19 travel restric- airport’s chief executive, said. travel group, reported a surge in sum- by email from the Business countries the regulators are focusing on.
tions. That is more than double the mer bookings. It said that by the end of Bowles declined to comment on the
19.4 million that went through its ter- January 3.5 million customers had Editor, Richard Fletcher investigation or whether it was related
minals in 2021. strong demand for outbound summer booked a trip for this summer — 72 per to the sale of operations of Iran. He said
It said that its outcome for January holidays can offset a weaker start”. cent of the level of the summer Subscribers only that BAT reviewed its businesses regu-
was 56 per cent down on pre-pandemic John Holland-Kaye, chief executive of 2019 at the same point — but new larly as a “responsible company”.
levels, but that it would catch up of Heathrow, said: “After a tough bookings were now above 100 per cent Sign up at Shares in BAT closed up 99½p, or
later in the year “on the basis that Christmas, this has been a weak start of summer 2019. home.thetimes.co.uk/myNews 3 per cent, at £33.68½.
554 2GM Saturday February 12 2022 | the times
Business Markets
B
arclays’ analysts talked leg-up to Antofagasta. All of the importance of private sector water licence, but it accounts for only Jope, 57, declared that
down the prospect of the company’s mines are in the South investment to Chile’s economy”. 3 per cent of Antofagasta’s value, transformational mergers and
Chilean government American country and its shares have There is potential for the making it “relatively immaterial”. deals were “off the agenda” after
nationalising the country’s horribly underperformed its peers. government to scrap companies’ None of its mines sit near indigenous shareholders had been
copper mines, which gave a The stock has lost about a third of its water licences and to limit mining lands. Even assuming that Zaldivar “unambiguous there was no
has to close in two years’ time, appetite”. “While they supported
Barclays still makes a case to buy management’s view . . . it was too
Antofagasta shares — an about-turn much, at the wrong time,” Jope
on its previous position, which said last week. The debacle,
advised clients to avoid the stock. The which wiped £1 billion off the
reassurance on nationalisation gave a stock market value of Unilever.
lift to the shares, which rose 22p, or Shares in the group closed up
1.6 per cent, to £13.66½. 135½p, or 3.6 per cent, at £39.14½.
Antofagasta was one of the better
performers on a day that started deep Good Energy sees off
in the red before improving as the
session wore on. The FTSE 100 edged challenge to chairman
11.38 points, or 0.2 per cent, to An attempt by Ecotricity to oust
7,661.02, wrapping up its best week of the chairman of Good Energy, its
the year after, having gained 144.62 rival green energy supplier, has
points, or 1.9 per cent, since the failed. Ecotricity, the biggest
opening bell on Monday. The more shareholder in Good Energy,
UK-biased FTSE 250 also enjoyed its requisitioned a general meeting
biggest weekly rise of the year despite seeking to block the company
sliding 159.04 points, or 0.7 per cent, from selling its wind and solar
to 22,048.71 on the day. Over the farm assets and to remove Will
week, the mid-caps put on 336.67 Whitehorn as its chairman. The
points or 1.6 per cent. meeting went ahead yesterday
Tate & Lyle, the maker of food despite Good Energy already
ingredients, was the standout riser having completed a deal to offload
among London’s bigger companies. Its the wind and solar assets. Both
motions failed, with 58 per cent of
shareholders that voted rejecting
Wall Street report the motion to remove Whitehorn.
Good Energy said if Ecotricity’s
Warnings for British and American votes were excluded, only 6 per
citizens to leave Ukraine stoked a cent of other investors who voted
jittery market already fretting about had backed the motion. Nigel
US interest rate rises. The Dow Jones Pocklington, Good Energy’s chief
industrial average fell 503.53 points, executive, said: “Again our
or 1.4 per cent, to 34,738.06, taking it shareholders have dismissed the
down 1 per cent on the week. disruptive actions of one
shareholder and competitor.”
A
ndrew Harrison dazzles in a video blog last week, attacking
with some of the whitest, the business model as ridiculous and
straightest teeth I have one that demeaned the estate agency
ever seen on a 51-year-old business. The brand was “terrible”,
Englishman. “I’ve had with its connotations of Arthur
three and a half hours in the dentist’s Scargill, he told Christopher Watkin,
chair this morning. Don’t worry,” he the property blogger. Quirk also
says of his snow-white gnashers, “they questioned how Strike would fare if
will calm down a bit.” there was a crackdown on referral
This isn’t vanity. It’s work. Harrison, fees paid by mortgage firms and
the former Carphone Warehouse solicitors to estate agents.
boss, has been road-testing one of his Harrison fires back: “Russell knows
latest ventures, a teeth whitening and about online estate agents not
straightening service. He’s just bought making money as he ran his own and
a dental practice in Marylebone, it went bust [Emoov failed in 2018 but
central London, and renamed it was recapitalised and continues to
Smiles and Smiles. Forget tooth decay trade]. We have lots of people across
and fillings. This is the Zoom age and the industry with a vested interest in
it’s all about composite bonding and rubbishing us as we are exposing the
“smile transformation”. truth and disrupting their model.”
After 23 years in senior roles in the According to Harrison, the
Carphone, then Dixons Carphone company is on course to break even
group, Harrison largely baled out of by the middle of this year. Won’t it be
the listed world in 2018 to work as a on a cash-guzzling advertising
partner in Freston Ventures, the treadmill for years? “We’re investing
private equity business of Sir Charles behind a brand that we think is going
Dunstone, his former boss. Now he to be a big one. We’re prepared to
helps to oversee a string of start-ups make big bets.” He believes that Strike
financed by Freston, including the can take 10 per cent of the overall
Five Guys burger chain, ME+EM market.
fashion shops and a platform that Haven’t we been here before with
connects motorists with mechanics Purplebricks? That company had high
called WhoCanFixMyCar.com. hopes of taking a bulldozer to the
But the subject today is perhaps the traditional estate agency market, but
most potentially spectacular of those its share price today is just 20p, far
businesses, an online estate agent from its peak of 500p in 2017, as it
called Strike. Harrison is an investor Andrew Harrison is overseeing start-ups from dentistry to fashion, but the most rewarding may be Strike, the estate agent failed to meet expectations. “I like
as well as its chairman and believes Purplebricks and what they have
Q&A CV
that it is going to transform the world knew we were on to something.” The done, but I don’t think their
of selling houses — for one very good did on UK high streets formula was rolled out to Manchester proposition is customer-centric
and astonishing reason: it’s free. appear on Fifth Avenue and Liverpool, then Newcastle and enough. We’ve got 16,000 Trustpilot
Strike customers can use the What does leadership Sunderland and to the Midlands last reviews at an average of 4.7. We sell
company to sell their homes and not mean to you? summer. Last month Harrison houses faster than anyone else and
pay a penny in fees. They get most of Taking risk, making completed the jigsaw, opening in we sell houses for more than other
the normal estate agency services, Who is your mentor? tough decisions and Age: 51 London and the southeast and people.”
such as valuation, photos, floorplans, John Gildersleeve was taking people with you Education: Rainford declaring Strike a nationwide brand. Harrison (not be confused with
a “For Sale” board and the placing of my chairman at Does money motivate High School, Leeds With a team of only 80 local Andy Harrison of easyJet and
details on portals such as Rightmove Carphone Warehouse you? University (BA in property experts on the ground, that Whitbread fame) continues to have a
and Zoopla. Strike also says that it for many years and he Yes. My Dad was management studies) might be exaggerating things a bit, non-executive role in the listed world.
provides support when negotiating shaped me (as much as window cleaner and we Career: 1993-95: but there’s no doubting the initial He is the senior independent director
offers. Users have to conduct viewings he could) into being a didn’t have much, so I Bridgwater Business appeal of the business to homeowners and remuneration committee
themselves. The business makes its CEO and has been a learnt that life is better Analysis; 1995-2018: keen to dodge the £3,000 or so they chairman at Ocado. He was
money by offering optional add-ons, wonderful support with it than without Carphone Warehouse, might pay to a traditional agent. “Our personally on the receiving end of
such as mortgage-broking, Which person do you What is your favourite Best Buy Europe and number of valuations and listings has shareholder revolts over the eye-
conveyancing and surveying and not most admire? television programme? Dixons Carphone, doubled in the last month. The last catching pay packets of Tim Steiner,
just to the vendor but to the potential My friend and business I watch TV with my where he was deputy four weeks have been quite a the grocery deliveries outfit’s chief
buyers, too. Of the pure estate agency partner Sir Charles teenage boys who want chief executive; 2018- whirlwind.” About 60 per cent of executive, when 19.7 per cent of
fees still paid by the vast majority of Dunstone. He just has to watch football or present: partner, vendors go on to buy some paid-for investors voted against his re-election
vendors, there are none. the most amazing documentaries and Freston Ventures services, while Strike makes around in 2020 and 23 per cent in 2021.
Strike originally was called intuition about business mostly football Management, including half to two thirds of its revenues from He insists he would never go back
Housesimple and was one of half a What was the most documentaries chairman of Strike and the potential buyers: each house to a full-time role in the listed world.
dozen digital platforms that started to important event in How do you relax? WhoCanFixMyCar.com; typically is viewed by ten to eleven of He misses the multimillion-pound
chip away at traditional estate agency your working life? I am working hard with 2016-present: senior them. “All of those people are negotiations of big business — like
ten years ago. The biggest of these Taking Carphone a coach to try and sort independent director, prospective customers for any haggling with Apple and Samsung —
was Purplebricks, which disrupted the Warehouse to and my tennis. It may keep Ocado. services that are to do with house- and the leadership role — he was
conventional branch on every high cracking the US. It felt him going in to his Interests: Skiing, tennis, moving, be that conveyancing, responsible for 42,000 people at
street model by offering to sell for a great to see what we retirement! music mortgage advice or surveys, removals, Dixons Carphone at one point — but
fixed price of £798 then, now £999 or electricity, broadband. We’ve got thinks private equity is more fun and
more. relationships with gyms, online more flexible. The chauffeur-driven
Housesimple was a bit of a me-too entering a new territory Foxtons, his count ourselves as being the cleverest supermarkets.” limo has been replaced by an electric
business, though. According to old shop, would scrap fees for the first people in business, but we do The estate agency market remains Fiat 500. His wife is Tristia Harrison,
Harrison, “it had got to a reasonable three months to establish itself locally. understand the emotive power of free.” fairly fragmented and Strike says it who runs TalkTalk, the broadband
size but its proposition wasn’t clear “Boards breed boards,” was the motto. Housesimple started to change has overtaken much better-known business spun out of Carphone and
enough and distinct enough to That harnessing of the power of free pricing a couple of years ago, brands such as Savills, Foxtons, recently taken private by Dunstone.
continue as it was”. He wanted to do chimed with Harrison’s own beginning in Yorkshire, and renamed Knight Frank and Barnard Marcus in “Both of us working at that level and
something dramatically different that experience at Carphone, when he itself Strike 18 months ago. In terms of terms of share of listings. That’s with intensity was probably not that great.
“meant we didn’t have to spend tens managed for the first time to reduce vendor wins, it has never looked back. brand recognition of only 6 per cent. It works better for us and gives us a
and tens of millions on marketing”. the price of handsets to zero for those “In the space of five weeks, we went to The business model was enticing lot more flexibility as a family.”
Sam Mitchell, his newly appointed signing up to a contract. “It was such a become the No 1 brand of estate enough to attract the interest of Something, no doubt, that gives him
chief executive, recalled how when powerful message to people. We don’t agency by listings in Yorkshire. We outside investors. Sir Peter Wood, the plenty of reasons to smile.
the times | Saturday February 12 2022 57
Meet our
banking
Money
superheroes
Pages 60-61
S
ome of the energy giants are
making billions of pounds of
A
profits, just as many average n energy firm put a
household bills are rising by smart meter on a
£700 a year. farm in a remote
But there is a way to get some of these hamlet even though it did
bumper profits to help offset the soar- not have the phone signal it
ing costs of heating your house — al- needed to work (David
though it’s a bit risky and you’ll need to Byers writes).
have some spare cash. Chas Brooke and Rachel
On Tuesday BP reported profits of Hebditch, who live on the
£9.45 billion in 2021, its highest in eight farm with 300 alpacas,
years. The announcement came days asked Octopus Energy to
after Shell said its profits were £14.2 bil- install the meter so they
lion last year, up from £3.47 billion the could switch to the Octopus
year before. Go tariff which is cheaper if
Households are braced for a series of you use energy off-peak.
bill rises after the government agreed to They planned to charge
increase the cap on the price that their electric car at night to
energy suppliers can charge customers save money.
on their standard variable tariffs. This The meter that was
will take the average annual household installed could not give the
bill to almost £2,000. The cap is re- readings that would tell
viewed twice a year to take into account Octopus when they used
fluctuations in wholesale gas and elec- energy at cheaper times
tricity prices, which have quadrupled in because it was an old type
the past year. that relies on a phone
While some domestic energy suppli- signal. Newer meters can
ers have struggled to make profits send data to suppliers even
because they cannot charge more than if there is no phone signal
the cap, firms that refine and deliver because they have their
wholesale energy to domestic suppliers own secure data network. meters will have Chas Brook and Rachel said. After The Times The couple, who are in
have been some of the biggest benefici- “The question is why technological fixes installed Hebditch wanted to get a called, the company their seventies, will now be
aries of what is a global energy crisis. Octopus chose to put this this month so that they can cheaper rate at nights, so upgraded the meter. “One moved onto the Octopus
BP and Shell are expected to increase in, knowing our location,” work anywhere. they could charge their car of our senior operations Go tariff.
their dividends from an already re- said Chas. Chas and Rachel’s energy managers has been working “We will however
spectable 4 per cent (ish) a year. Smart Energy GB, the bills are £70 a month on asked for the smart meter hard to connect it to the continue to proactively
An investor buying £9,000 worth of government body their fixed dual fuel deal, that it might not work data network, it took monitor Mr Brooke’s
BP shares and the same amount of responsible for installing which ends this month. properly. “We explained several attempts but has situation individually to do
Shell stock (£18,000 total) should get smart meters in all homes Octopus Energy said it that given his location, this now been successful,” a our best to reconnect him if
about £700 income over the next year, by June 2025 says all older had warned Chas when he couldn’t be guaranteed,” he spokesman said. the signal does drop again.”
according to Steve Clayton, the head of
equity funds at the investment plat-
form Hargreaves Lansdown. The in- Gas, reduced and then stopped divi- Bear in mind that there will be char- Grid, but also Tesco and the consumer-
come would also be less than the A portfolio to beat the rise dend payments altogether in 2020. It is ges levied by whichever platform you brands firm Unilever. You will need to
annual £2,000 dividend allowance, so Sum in- Annual expected to resume them this year. choose to invest through and more fees invest about £15,000 to get £700 in-
would be tax-free even if the shares Company
vested income “In reality it wouldn’t be wise to rely if you use an adviser. come.
were held outside an Isa. on investments in five energy and utili- Another option is income-focused For those who don’t want exposure to
If you did not want to invest such a BP £3,400 £130.90 ties shares to meet expected increases funds. These tend to invest in large, stock market volatility, a corporate
large sum, you could pick a company National Grid £3,400 £156.40 in bills over the coming months,” said blue-chip firms that have bond fund would be an alter-
with a high dividend but a relatively low Jason Hollands of BestInvest. “Such a growing dividends. native. A bond is essentially
share price. A good example is the Shell £3,400 £115.60 narrow approach towards energy “This way you get an a debt issued by a com-
£14bn
London-based commodity trading and SSE £3,400 £179.52 shares also carries some political risk as active manager looking pany or government
mining company Glencore, which ana- there have been calls for a windfall tax.” to produce dividend and is considered less
lysts forecast will pay dividends of 31.1p Centrica £3,400 £117.30 A low-cost and probably less risky and capital growth,” risky than shares.
a share this year. It is trading at about Total £17,000 £699.72 option would be to invest in a basket of said Laith Khalaf Bondholders are paid
420p and has risen more than 230 per Source: Bestinvest
shares through an index tracker, such from the investment before shareholders if
cent since March 2020. You would need as the iShares Core FTSE 100 ex- platform AJ Bell. “It’s a company fails.
to invest about £9,453 to get a dividend change traded fund (ETF). This tracks important not just to Shell’s 2021 A good option, ac-
income of £700 a year. £3,400 each in BP, Shell, Centrica, the performance of Britain’s largest 100 get a decent yield here profits — a cording to Hollands, is
By contrast, Shell is expected to pay National Grid and SSE — so a total of companies so that your risk would be and now, but to try and £10.7 billion the TwentyFour
74p per share this year, but each share £17,000 — could generate about £700 in spread across a much wider range of get a growing income on rise on 2020 Dynamic Bond fund,
costs £20.60. This means you would dividend income, according to the firms. It includes BP and Shell in its top top to tackle inflation.” which is yielding 4.3 per cent.
need to invest about £19,467 to get the wealth manager BestInvest. ten holdings, but also included is the Khalaf likes the City of London A £16,300 investment would
same income. Investing in a single sector also car- pharmaceutival giant AstraZeneca and Investment Trust, which yields 4.7 per achieve the £700 target income. Its top
Investing in just one or two energy ries significant risk. The share prices of British American Tobacco. The fund cent. This is an investment company holdings include US and UK govern-
firms is, of course, a highly risky strate- BP and Shell plunged at the start of the yields about 3.7 per cent. You would listed on the stock market that has in- ment bonds as well as those issued by
gy. To spread your risk, you could invest pandemic and both firms cut dividends need to invest about £19,000 to gener- creased dividends consecutively for 55 the Nationwide and Coventry building
in a basket of energy firms. Investing last year. Centrica, the owner of British ate £700 of dividend income. years. Its top holdings include National societies.
Follow us on twitter @timesmoney | @jimconey | @jessiehewitson | @davidbyers26 | @AlihussainST | @katedpalmer | @davidbrenchley | @imogent_ | @George_Nixon97
558 Saturday February 12 2022 | the times
Money
me talk to a
to complain.
Not being able to speak to a human
being is shaping up to be one of the
biggest stresses of the modern world.
The self-service checkouts that never
work — “it’s my bag that is in the
human being
checking area for the love of God,
how unexpected can that be?” — to
the card reader that means you don’t
have to speak to the bus driver, or
have a ticket office at your station.
It is assumed that technology is
progress. But we are a social species
I
was standing at the front of a would be with me in a few minutes. and want to speak to a person who
long queue of rush hour Some 45 minutes later, by now very can understand a problem and take
commuters waiting to get on to late, very cold and very cross, I was the time to do something about it.
a bus when I discovered that my no closer to finding out why my cards
bank card was not working. had stopped. If this was a battle, I was
I had placed it on the card reader
and received an angry beep (not the
nice “ping” you get when a
transaction is approved). I tried again,
losing.
When exactly did it become so
difficult to speak to a human being at
your bank, energy company or
52
bank branches closed a week,
same beep. And a third time. I took broadband firm? It feels as if first they on average, since 2015
my second bank card out of my bag. came for the local branch telephone
That didn’t work either. number —now a closely guarded I care about that more than the need
Cross though the bus driver looked, secret — and we said nothing. (Well, to go a bit faster in a queue.
he took pity on me and waved me to actually we said quite a lot, it’s just I finally got to work after someone
a seat. When I got off at the Tube that they ignored us). Then it was the appeared in the chat and actually
station I tried again with the card email address for our local branches, focused on what was happening. The
readers at the gates. Same problem. which enabled us to send a query issue was simple: I had a new card
My cards weren’t working, so there I to our local bank manager freely. and I needed to activate it. Silly
stood, stranded, unable to get to work. This probably went when they did mistake to make, but did I really have
I called Barclays. After ten minutes away with the poor old manager, to spend 45 minutes in the cold to
of extreme faffery, an automated and then the branch. find that out? I still don’t know why
voice told me that I had to use the Then you had a centralised the other card didn’t work. I did ask
chat function because I had phone system, which required you why, but my nameless (not
downloaded the phone app. So, to negotiate a gazillion push button v
very chatty) chat assistant was
thumbs frozen outside the tube, I menus before finally getting through l
long gone.
typed my problem into the “chat”. to a person, only to be transferred Meanwhile, one to two times a
It was more like an endurance test, from department to department, week companies approach Resolver
where the bank pushes you to the constantly having to restate your saying that they are thinking of
limit of your resolve. To see how long problem. withdrawing their email address from
you will hang on to speak to a real And now the human beings are their website. Removing contact
person, if indeed you can figure out being removed from the equation financial firms that chatbots are the it’s because the callers are giving up. details, using chatbots, forcing
when you finally are. altogether, and I’m scared that if we future. Why are financial companies doing customers to use phone systems
My first challenge: the chatbot. don’t do something about it, the A friend who develops chatbots this? The obvious reason is money, where they get to speak to someone
After typing “Can I speak to a human chatbots will take over completely. tells me that work has never been but there’s another one: banks, only after they’ve keyed in the
being” three times — God, modern I spoke to Resolver, an independent busier. The whole point of using broadband providers et al are keenly answers to a million questions (or
life is so bleak — I finally conquered resolution service. It dealt with them, from the point of view of the aware of the complaints figures that worse, shouted them in vain). All of
the robot and levelled up to a chat 320,000 complainants last year, half business, is that they weed out some are given to the Financial Conduct this is limiting communication. Life is
assistant. Any celebration was of them citing the inability to speak of the people who are trying to speak Authority and other regulators. busy enough, and customer service
short-lived, though, because they to a human being as a problem. to them. I’m betting that this isn’t If they manage to reduce these, systems frustrating enough, without
were barely present, appearing only Martyn James, the company’s because the bot has given them the customers view them as more making it all worse.
to profusely apologise to say they director, said he is regularly told by information that they need, rather trustworthy. The harder they make it Is it too late to make it stop?
Money
I
f you wanted to report a scam to the speed with which they are moved
the police this week you would through the system.
have had to wait on the phone for They should be given greater powers
half an hour. to track money so that it can be re-
On Thursday Money was on turned to victims.
hold to Action Fraud for 28 minutes At the moment it is not against the
before getting through. No wonder vic- law to allow someone to make and re-
tims say that the government and ceive payments from your bank ac-
banks do not really care about stopping count. This means that fraudsters can
online fraud, which is booming. The dupe people into allowing their ac-
business secretary Kwasi Kwarteng counts to be used for fraudulent trans-
caused a row on Sunday by claiming actions and frequently no one is ever
that fraud was not a “crime that people convicted of a crime, particularly if the
experience in their day-to-day lives”. person who owns the account that
Fraud represented 42 per cent of all received the money argues they had no
crime, according to the England and idea that the payment was fraudulent.
Wales crime survey for the year to
September. If you include computer 0 Build confidence in the police
misuse (where someone has their com- Greater co-ordination is needed
puter hacked) it was 57 per cent. UK Fi- between the banks, police and the
nance, the banking trade body, said that private sector. The present system of
there were 2.8 million cases of bank reporting scams to Action Fraud is not
card fraud and 150,000 cases of online working. A central fraud reporting
bank transfer scamming in 2020. service is needed, but it requires better
Assistant Commissioner Pete O’Do- resources, and the ability to supply
herty, from City of London Police, information to the public about whe-
which runs Action Fraud, said call wait- ther their crime has been investigated.
ing times could be longer because it Information should be fed back to the
“deals with victims who are often emo- Credit Suisse offering a reference. She reported Lynne and John Holmes National Cyber Security Centre, a
tionally distressed or vulnerable. Our one-year fixed rate bond her suspicions to her branch of GCHQ, to ensure scams are
call handlers stay on the phone for as ‘We tried to paying 2.7 per cent. It was bank, Lloyds, and the
tried to trap scammers, but
Action Fraud took no action stopped swiftly. Local police forces
long as necessary.” completely risk-free and police through the should be given the power to investi-
Anger is growing at the way the gov- help police covered by the Financial reporting service, Action police and Action Fraud. gate scams reported by the public.
ernment has dithered over online Service Compensation Fraud. Lloyds confirmed “They know where
fraud. When it launched its strategy to
get tough on criminals in July it focused
catch the Scheme, the safety net for
savers, they said. Holmes,
it was a scam and that the
Credit Suisse bond did
Lynne’s money was sent
and presumably the
0 Improve Companies House
This registry service for anyone setting
on burglaries, stop-and-search and
making offenders pick up litter while
scammers’ 67, a retired interior
designer from West
not exist. Her money had
been transferred to a
account owner, so why
are the same people still
up a limited company provides a list of
directors, their personal details and
A
wearing high-vis vests. Of the 19,000 fter getting fed up Chiltington in West Barclays account which able to operate? The records of the firm’s accounts. The
words in its Beating Crime Plan, just 527 with earning Sussex, was sent official- now had only £105.80 in scammers continued to information is public, but it can be diffi-
were dedicated to tackling fraud. 0.01 per cent looking documents to fill it, which she got back. call daily, from the same cult to check the details of who is regis-
Despite two high-level reports, one interest on her savings, in. She was also taken Both banks launched an number. Surely they can tering companies and when. It should
by the Treasury select committee and Lynne Holmes looked through compliance and investigation. be stopped?” John said. be brought up to date and filings made
one commissioned by the home secre- online for better deals anti-money laundering When the scammers Lloyds said: “While digital to make it easier to monitor
tary to look at the police response to (Ali Hussain writes). She checks that made it all called back, Lynne’s customers are expected fraudulent companies.
fraud, nothing material has changed. found a website claiming seem authentic. husband, John, 71, a to take reasonable care
In 2019 an economic crime strategic to offer fixed rate bonds She transferred £10,000 former airline pilot, kept when making payments, 0 Tougher rules for crypto
board was set up to meet twice a year. paying significantly more on November 18 but stringing them along so we believe we could have Regulators should impose stricter
Members include the home secretary, than the banks. realised her mistake that he could get more acted more quickly when requirements on the firms that sell
police force chiefs, the attorney-gener- Within days someone when the caller told her details of the other bank Ms Holmes first called us crypto assets, such as bitcoin. At
al and the heads of the Bank of England called claiming to be to enter a name other accounts they used. All to report concerns. We present these businesses are note rgu-
and the Financial Conduct Authority from the investment bank than Credit Suisse as a this was passed on to the arranged a full refund.” lated but are supposed to apply for a li-
(FCA), the City regulator. cence from the FCA to show
Finally last year it started to discuss they have passed money-
42%
drawing up a plan to tackle fraud. Bank on. So how do you solve the problem of numbers to deter scammers from buy- tary code of conduct that laundering checks, but a
chief executives, who have been ac- fraud? Here are our suggestions. ing them and have a reporting service meant victims of pay- recent Times investi-
cused of failing to make online fraud a that immediately gets them discon- ment scams would be gation found many
priority, regularly missed the board 0 Make internet and phone firms pay nected. Internet service providers reimbursed for their were still operating
meetings. Fraudsters can easily target people by should have to remove fraudulent web- losses so long as without it. They
Analysis of the annual reports of the sending out thousands of text messages sites immediately. A failure to do either they had not done should be immedi-
big banks shows that none of the chairs from unregistered mobile phone num- of these things should result in fines. anything wrong. of crime is fraud ately forced to cease
and chief executives of HSBC, Barclays, bers and by setting up fake websites. Companies found to be allowing But in reality fewer according to the trading. Formal
Santander or Lloyds mentioned fraud When one of these numbers or web- fraudsters to operate should be re- than half of victims England and Wales regulation is needed
as a major concern in their latest sites is reported it can take days for it to quired to refund victims. are reimbursed and at crime survey for all crypto assets
annual reports. Only Alison Rose at be taken down. some banks repay- and investment firms to
NatWest raised it as an issue that the Phone companies should be forced to 0 Build confidence in the banks ments levels are lower protect customers from
bank was working to improve its record demand registration of mobile phone In 2019 many banks agreed to a volun- than 10 per cent. The code scams.
Parenting sites were paid £66k to promote the child benefit system
H
M Revenue & Customs has paid too much you will have to pay some were the best way to spead information non-working parents who stopped efit but not all of it (and so have to claim
£66,000 to parenting blogs to back through what is known as the high about a complicated system. claiming the benefit because their part- it and pay some back) now have to fill in
carry adverts explaining the income charge. You start to lose entitlement to child ner earned too much but then missed self-assessment tax forms that they
child benefit system while fighting a Child benefit, which is worth £21.50 benefit if anyone in your household has out on the national insurance credits wouldn’t otherwise have had to.
legal case from parents who say they a week for the first child and £14 a week an income above £50,000. The amount they get automatically if they apply for HMRC lost a case at the upper tax
were never told how it worked. for other children, used to be a univer- you are entitled to is tapered down until child benefit. There is a way to register tribunal in June last year involving 399
The websites Emma’s Diary, Families sal benefit but the income threshold those who earn over £60,000 who get for child benefit, without actually families who had to pay back £2 million
UK and Working Mums were paid for was introduced in 2013. This caused nothing. You are not blocked from get- claiming it, and still get the national in- worth of child benefit and fines they
HMRC-sponsored articles that have widespread confusion, hence HMRC’s ting the benefit, but it is up to you to opt surance credits, but you have to do this were hit with for late repayment.
been up since March 2020. Under- publicity campaign, which included the out, or to pay back any extra through a through the HMRC website, and not HMRC is appealing against the verdict
standing Child Benefit on the Emma’s blogs and leaflets in goody bags that are self-assessment tax form. Many fami- many people know about this. but, if it loses, the bills of thousands of
Diary site, for example, explains how to given to new parents in hospitals. lies did not realise this. It is estimated that half a million fam- other parents could be reassessed.
claim the benefit and that if you earn Parents have questioned whether these The change has also caught out many ilies who are entitled to some child ben- David Byers
60 Saturday February 12 2022 | the times
Money
C
arlos San Juan believes there region of Spain has become a crusader thing about it. He published a petition ño, said. “This has become a priority for
are good and bad sides to for the digitally marginalised as banks on change.org, dubbing it “I am elderly, us from the moment we began to see
innovation. While he wel- pull down the shutters on their tills and not an idiot” and asking for banks to re- that this is a problem.”
comes technological change, push people online. store some of their in-person services. The campaign has elicited assur-
he worries that it is moving San Juan was concerned that the race And it has had a big impact. After two ances from banks that they will make
too fast. to move people to apps and the internet months his petition has more than changes to ensure the elderly will get
The 78-year-old from the Valencia was going too fast as banks began 600,000 signatures and the governor of human contact in their dealings
with the bank, though they have
not yet revealed what measures
Carlos:
they will take.
“I didn’t want to be party to
Spanish
that phrase ‘it’s not my prob-
lem,’” San Juan said of his
crusader
decision to launch a campaign. “I
considered it not only my problem
but that fundamentally it was a prob-
lem for people who were worse affected
than me.”
Initially San Juan’s protests were dis-
missed.
“I was treated in a very patronising
way with a manner that’s humiliating
for an elderly person,’’ San Juan said.
“They suggested that when we came to
the bank that we should be accompa-
nied by a relative, that they would teach
us how to handle an app and that this
way [by not coming into a branch] we
would not get sick with Covid.”
As in the UK, Spain’s banking sector
has gone through seismic
changes after the financial
crisis and the pandemic.
The number of banks
has shrunk from 62 in
2009 to just ten today as
the stronger ones have
gobbled up the weak. John: branch
From 2009 to 2013,
24 per cent of Spain’s
champion
bank branches were
closed.
The pandemic ac-
celerated the con-
solidation process.
CaixaBank ac-
quired Bankia in
March 2020 and
announced plans
to shed more than
6,000 jobs. In July
Unicaja and Liber-
bank merged to become
Spain’s fifth largest bank.
Banco Santander culled 3,500
positions, BBVA, which has
stated that it must evolve to
become more like big tech
companies if it is to survive,
let go of nearly 3,000, and
Sabadell, the owner of
TSB, dismissed nearly
2,000 people.
The cuts have
boosted profits. San-
tander made more
than €8.1 billion
(£6.8 billion) in 2021,
during which it en-
joyed its most prof-
itable quarter for 12
years.
The UK has been
experiencing cuts
like these for years.
An average of 54
bank or building
Derek: veteran
society branches
have closed each
of the battle
month since Jan-
uary 2015. If you
include the bran-
ches earmarked
for closure, the
total will be 4,735
by the end of
2022.
Footfall in
the times | Saturday February 12 2022 61
Money
John Bachtler
The man who gets most of the credit for
returning bank branches to Cambus-
lang is a softly spoken academic origi-
nally from Ruislip, London.
John Bachtler moved to the town
on the outskirts of Glasgow 40
years ago to work at the
University of Strathclyde.
He became involved in
campaigning for in-
vestment for
the town,
w
which he
ffelt “had
b
been starved
of it,” but the
closure of
the town’s
l
last three
ba
banks within an
18-month period was
a setback.
branches was falling 10 per cent a year “When the
until the pandemic, when it was cut in banks closed it
half. Online banking app usage has w a slap in the
was
soared. fa for everything
face
While San Juan has become a we were trying to do,” Bachtler said.
hero in Spain for his campaign, the “We were going backwards because a
UK has its own heroes fighting to lot of businesses said they lost trade.”
save bank access for older and vul- Bachtler and the Cambuslang com-
nerable communities. munity council began lobbying and
eventually heard of a pilot for shared
Derek French bank branches in some communities.
“We talked about what these pilots
Derek French was supposed to could do for Cambuslang, and we were
have retired and given up fight- very clear that we needed a physical
ing the banks. space. We were quite cynical, wonder-
For 18 years the 82-year-old ing if they were listening to us, but, sur-
led the Campaign for Commu- prisingly, they actually were.”
nity Banking Services, made up It opened in April 2021 and proved
of business and consumer such a success that it has been extended
groups and think tanks, which until 2023.
62 Saturday February 12 2022 | the times
Money
200
T
he “best-buy” lists of recom- it thinks are the best of the bunch. And For this reason, best-buy lists create a 100
mended funds published by each investment house chooses its possibility of litigation if a recommend-
widely recommended, investment platforms have range differently. ation turns out to be a bad one, as the
Source: FE fundinfo
their critics, but we are still Some argue that these lists are a investment platform Hargreaves Lans-
but they still may not following them when it helpful starting point for novice inves- down has found out. 50
Source: FE fundinfo
It seems an obvious point, but for
years platforms were accused of favour-
ing funds if they offered that platform’s SPDR MSCII 50
customers lower fees. Europe Small
Hargreaves and AJ Bell explicitly Cap UCITS ETF
state on their websites that they do not 0
receive payment or commission in ex-
change for inclusion on their lists. 2012 14 16 18 20 22
In 2019 Hargreaves had to remove
funds run by Lindsell Train from its
best-buy list. Lindsell Train owns ital trusts. Add in the almost 3,000
about 14 per cent of Hargreaves exchange traded funds (a type of
Lansdown shares. tracker) and you have more
Interactive Investor has than 7,000 options — not
farmed out the compila- including shares in listed
£8,188
tion of its Super 60 and companies from across
Ace 40 buy lists to the world.
Morningstar, a Best-buy lists
funds ratings from the five
agency. Inter- largest invest-
active’s chief ment
executive Rich- return on £1,000 platforms — Har-
ard Wilson said that invested in Barings greaves, Interactive
best-buy lists were Europe Select Trust Investor, AJ Bell,
important for private in- in January 2005 Tilney’s BestInvest and
vestors, but needed to Fidelity — reduce this
evolve. “We don’t want to complex universe down to a
mark our own homework,” he more manageable 274 funds,
said. trusts and ETFs.
Analysis by Money shows that no
0 Which funds are in? single fund is on the buy list of all five
There are more than 3,800 funds for in- platforms — but two make it on to four
vestors to choose from, as well as about lists, and neither are run by the so-
400 investment trusts and venture cap- called star fund managers Terry Smith,
Money
ALAMY
technology products maker Cisco and record of the fund’s management team.
Relx, an analytics firm. The fund has an Its analysts then look in more detail
ongoing charge of 0.93 per cent. at the quality of management, the firm’s
Tracy Zhao from Interactive Investor culture and the investment process. A
said that the fund had outperformed its proposed addition must be seconded by
peer group over five years, with less a senior member of the research team.
volatility. “The fund might be a good The team then debates the fund’s
choice for investors who seek income merits, with someone playing a “devil’s
from a global source,” she said. advocate”. The fund must gain at least a
two-vote majority to be added.
0 Barings Europe Select Trust The list is regularly reviewed and a
This fund invests in small and medium proposal for the removal of a fund
sized companies listed on stock needs a majority vote of one.
markets across Europe. Its largest hold- AJ Bell says that for active funds it
ings include the Dutch insurer ASR assesses the fund manager, team and
Nederland, the Swiss packaging com- wider organisation; the investment
pany SIG Combibloc and Euronext process; the portfolio and the fund’s
Brussels, the Brussels stock exchange. ability to meet its objectives; and the
Nick Williams took over the running cost of a fund and the value added by
of the fund in January 2005. Since then, the manager.
the fund has turned £1,000 into £8,188 For index-trackers, it researches the
— much more than the £5,301 return ability to successfully track its chosen
from its comparison index, the EMIX index, the cost of the fund or ETF, and
Smaller European Companies ex UK its size and liquidity, and compares it
index. Over ten years, the fund is ninth against its peer group. It only selects
out of 18 funds in the IA European passive funds that replicate their
Smaller Companies sector. chosen index by holding the shares of
Emma Wall from Hargreaves said all companies in it, as opposed to
that the fund had underperformed re- passives that use complex instruments
cently because its style has been out of known as derivatives.
favour. However, she said that Williams Interactive Investor’s list is put
was an experienced investor capable together by Morningstar’s Manager
of navigating ups and downs in Selection Services Group. It looks
markets. for liquid funds and compares
performance against their
0 And one they over- benchmark index.
2.7%
looked: It then analyses a
Fundsmith Equity fund’s risk compared
The UK’s biggest with the returns it
fund, the £26 bil- has generated
lion Fund- versus its
smith Equity, peers, before
managed by Ter- Dividend yield on checking its
ry Smith, is on only the popular costs: the firm
two best-buy lists: Fidelity Global avoids investments
Interactive Investor’s Dividend fund with an initial charge
Super 60 and BestInvest’s and requires the fund to be
The Best Funds List. good value for money. Ana-
Hargreaves has said that lysts then assess the fund in
with a stream of dividend payments. Fundsmith has a lack of transpar- more detail, examining how the
The recommended funds Since it launched ten years ago it has ency because it gives data on its hold- fund management operates and the
performed worse than the Morgan ings on a six-monthly basis rather than management team’s experience.
Funds on four buy lists Fidelity Strategic Bond; Asia Pacific Leaders Stanley Capital International (MSCI) monthly. Fidelity doesn’t list as exhaustive a
Barings Europe Select; Fidelity Special Sustainability; TB Amati All Countries World Index (ACWI), the Ryan Hughes, who collates AJ Bell’s methodology on its website, but said
Fidelity Global Dividend Situations; iShares Core UK Smaller Companies; index the fund compares itself against. Favourite Funds list, said that the firm that it first looks at performance, con-
Funds on three lists FTSE 100 ETF; Jupiter Threadneedle UK Equity In fact, if you had invested £1,000 in has higher conviction in other manag- sistency and a range of other metrics. It
ASI Global Smaller Asian Income; Jupiter Income; TM CRUX Fidelity Global Dividend in January ers that have exposure to similar stocks. then digs deeper and conducts manag-
Companies; Artemis UK Special Situations; European Special 2012, you would have £3,150 today, Its choice of replacement is the Baillie er meetings to ensure that the invest-
Corporate Bond; Artemis Liontrust UK Growth; Situations; TR Property; according to FE fundinfo, a data provid- Gifford Global Alpha Growth fund, ment process and philosophy remains
US Smaller Companies; M&G Global Macro Bond; Vanguard FTSE250 ETF; er. If you had invested that £1,000 in the which it points out has almost identical on the right track.
Baillie Gifford Japanese; Ninety One UK Alpha; Vanguard FTSE SPDR MSCI ACWI exchange traded performance as Fundsmith since its list It then whittles its shortlist down to
BlackRock Continental Scottish Mortgage Trust; Developed Europe fund (ETF), you would have £44 more. was launched and lower fees. 50 funds, assessing them on their price
European Income; Stewart Investors; ex-UK ETF That said, Fidelity Global Dividend versus similar funds and any discount
offers a dividend yield of 2.7 per cent, 0 How are funds chosen? they are prepared to offer its customers.
compared with the ETF’s 1.85 per cent. Hargreaves says that its list “only BestInvest’s The Best Funds List is
Nick Train and James Anderson. The funds are on two lists, including Smith’s It has also performed better than most contains the funds that our in-depth the biggest, with 120 funds on it. The
funds are the £2.5 billion Fidelity Glob- Fundsmith Equity and Train’s LF Lind- of its peers: it is the third best perform- analysis indicates have the greatest firm has “ten commandments” listed
al Dividend, managed by Daniel Rob- sell Train UK Equity. ing fund out of 20 in the Investment performance potential”. on its site outlining the qualities a fund
erts, and the £1.4 billion Barings Europe Association’s (IA) Global Equity In- After screening for funds eligible to should possess. These include: not sim-
Select Trust, run by Nick Williams. 0 The special two: come sector over the past ten years. be held in Isas and self-invested pen- ply holding similar stocks to an index;
A further 21 funds, including the pop- Fidelity Global Dividend The largest holdings in the fund sion plans (Sipps), it assesses the liquid- having managers willing to invest their
ular Scottish Mortgage Investment This fund invests in large global compa- include the consumer goods firms ity, size and underlying holdings of a own money; having clear goals, a stable
Trust, are on three buy lists and 50 nies with the aim of providing investors Procter & Gamble and Unilever, the fund as well as checking the track team and a diverse portfolio.
Money
20
23 per cent of Ferrari, and 43 per cent
G
iovanni Agnelli helped to over the decades, but the Agnellis’ of the Economist Group, which is
Get rich slowly
owly found Fiat, the carmaker, finances are run far more behind the financial magazine. 0
in 1899. Some 70 years conservatively. They have one firm to And right now Exor, as well as
later, and long after its look after much of their wealth: Exor. other holding companies managing
David founder’s death, Fiat took Exor is one of many holding rich families’ wealth, look to me like a -20
a 50 per cent stake in Ferrari. companies that manage investments good way to dampen your exposure
Brenchley The high-octane exploits of drivers for wealthy families that can be to the rapidly growing technology
such as Niki Lauda and Michael invested in by ordinary investors like companies whose shares are falling. Source: FE fundinfo
f
-40
Schumacher may have made Ferrari’s you and me. Its aim is to grow the Another example is the Stockholm- A J O J A J O J
name on the Formula One racetrack Agnellis’ money at a sustainable rate listed company Investor AB, which 2020 2021 2022
was set up in 1916 by the Wallenbergs,
a family of bankers. AB now has a them, however. This is likely to come
17 per cent stake in the industrials firm through AVI Global Trust, which
Atlas Copco, owns about a third of invests in investment trusts, holding
the carmaker Saab, 8 per cent of companies and single stocks.
telecoms provider Ericsson and a Exor and Investor AB account for
tenth of Nasdaq, the financial markets a tenth of AVI’s portfolio, with the
firm. hedge fund Pershing Square and the
While shares in these holding Romanian government-backed SC
companies have fallen this year, it Fondul Proprietatea other large
could be worse. Baillie Gifford is an holdings.
investment house that specialises in Its stock has fallen 8.7 per cent this
“growth” funds, meaning it invests in year, with the share price of 202p well
companies that have a high valuation below the value of the underlying
on the basis of expected assets that it holds, which
future profits, like Tesla, come to 218.7p a share and
for example. Baillie put it on a 7 per cent
Gifford’s flagship discount. That looks
fund, Scottish attractive. Shares
Mortgage, which are up 53 per cent
is heavily over five years.
invested in tech, At the
is down 18 per moment, other
cent this year inflation hedges
while Exor is are looking
down 10 per cent. questionable.
If, like me, Bitcoin seems to
you’re looking for be more correlated
investments to help with volatile
cushion your technology stocks
portfolio when high- rather than the store of
growth stocks falter, then value its evangelists believe
holding companies look more it to be. That’s probably because
interesting than alternatives such as the fickle buyers of bitcoin are also
cheap shares, bitcoin or gold. those that buy racy stocks such as the
Rob Burgeman from the wealth electric carmaker Rivian or the video
manager Brewin Dolphin said: “These games retailer GameStop.
vehicles offer exposure to some of the Value shares look a better bet but
most experienced long-term investors while Schroder Global Recovery has
around. One thing you can guarantee done well for me, Ninety One Global
with them is that they are unlikely to Special Situations has been a
correlate with the wider market. disappointment.
What they care about is long-term Ferraris might get your heart rate
capital preservation.” pounding, but I’ll settle for hitching
They do come with risks: Exor’s my wagon to more conservatively
shares fell 85 per cent in the dotcom managed companies and hope that
crash in the early 2000s, 80 per cent they can continue to deliver for their
in the credit crunch and more than families — and me.
halved during 2020’s Covid sell-off.
Shares are down 16.5 per cent since
early November, which could provide Online
a buying point, although you may Follow David Brenchley’s
want to wait to see if they fall more, investments as he
or drip-feed money in monthly. makes his changes
I’d prefer a less risky way to access thetimes.co.uk/getrichslowly
Money
O
ver the years I have been FCA abandoned these plans when
subjected to declining the pandemic began and interest
interest rates on my rates hit rock bottom.
hard-earned savings. In- For a full list of the top-paying
terest rates are thankful- savings accounts, go to our sister site
ly creeping up at last, albeit by frac- Times Money Mentor.
tions of a percentage point, but while
these increases are welcome, it seems
you have to beg the bank to get them. If you would like us to investigate
My query is quite simple: why are a consumer problem, write to
the banks not obliged to inform you Troubleshooter, Times Money,
1 London Bridge Street,
that a better interest rate is available, London SE1 9GF or
hidden in a “new issue”? troubleshooter@thetimes.co.uk.
I have been told that it is up to the Please include a phone number
savers to keep an eye out for new
issues and ask the bank to upgrade
their account accordingly. This considering ways of improving the
denies loyal customers automatic cash savings market for years. It has
access to better interest rates and Money Mentor told banks to notify customers if the
discriminates in favour of new cus- Online rate on their account is going to fall,
tomers. And it is extremely under- All the best savings including giving notice when an
handed practice that when banks accounts compared by introductory bonus rate is about to
decrease their rates, they do not independent experts expire.
prompt customers to change their thetimes.co.uk/money-mentor But why aren’t banks obliged to tell
account to a new issue. their customers that a better deal is
It seems quite obvious to anybody from 0.67 per cent in November, available?
that this poor practice has to be out- before the Bank of England’s first rate In 2015 the FCA conducted a trial
lawed and savers treated in a fair and rise from 0.1 per cent to 0.25 per cent in which 130,000 savers were given
more reasonable way when trusting in December. It was raised to 0.5 per information about comparable high-
their savings to a bank. cent ten days ago. paying products, or given the option
Ian Mitchell Some people are surprised that to return a pre-filled form to make it
Address supplied interest on savings accounts doesn’t simple to switch to a better rate. It
increase automatically when rates found that this led to only a small
Troubleshooter says rise — most banks won’t increase increase in the number of people
We are finally seeing interest rates them immediately, if at all, but switching, and so decided it wasn’t
increase from their record lows after mortgage rates, somehow, do seem to worth implementing new rules.
two base rate hikes in the space of six go up right away. It’s clear that savers’ inertia is a big
weeks. While this means that bor- Many banks have different issues part of the problem: if more people
rowing costs will rise, the silver lining of their savings product — to attract switched as soon as their savings
is that there has been a marginal new customers — and as you say, this account became uncompetitive the
increase in the interest on savings can make it hard for savers to know banks would be forced to offer better
accounts. when there is a better rate. deals to avoid losing customers.
The best easy-access savings ac- The City regulator, the Financial The other problem is that rates
count pays 0.71 per cent, an increase Conduct Authority (FCA), has been continue to be pitiful, making many
Weekly Yld Weekly Yld Weekly Yld Weekly Yld Weekly Yld Weekly Yld
Sell Buy +/- % Sell Buy +/- % Sell Buy +/- % Sell Buy +/- % Sell Buy +/- % Sell Buy +/- %
ALLIANZ GLOBAL INVESTORS FIDELITY INTERNATIONAL UK Sml Cos Eqty Acc ‡@ 1688.66 … -14.42 … UK Irsh Sm Co Fd A Acc ‡@ 742.50 … +6.60 … M & G SECURITIES Hi Inc Bond A Ac ‡@ 252.20 … -2.50 4.03
Inv Serv: 020 7065 1400 Helpline: 0800 317 573 Private Clnts 0800 414161 Broker Dlgs 0800 414181 UK Sml Cos Gwth ‡@ 82.54 … -1.65 … UK Property A Acc @ 257.95 270.59 +0.17 … Enq: 0800 390 390 Dealing Line: 0800 328 3196 Hi Inc Bond A Inc ‡@ 79.00 … -0.77 4.11
Gilt Yield A ‡@ 206.01 … -0.62 1.05 Amer Spec Sits ‡@ 2176.00 … +35.00 … UK Property A Inc @ 103.61 108.68 +0.07 … Authorised Inv Funds Hi Res A Acc ‡@ 395.00 … +3.40 …
Strategic Bond Fund ‡@ 189.84 … -0.91 … American ‡@ 5420.00 … +22.00 … US Growth Fund A Acc ‡@ 1845.00 … +61.00 … Charifund Inc ‡ 1582.68 … +15.08 … Hi Res A Inc ‡@ 128.10 … +1.10 …
UK Corp Bond C ‡@ 104.79 … -0.77 … Euro Opps ‡@ 556.70 … -5.90 … Safety Plus A Acc ‡@ 40.49 … -0.14 …
UK Eqty C ‡@ 6317.26 … +49.77 3.28 European ‡@ 3130.00 … -17.00 0.29 Strat Inc A Acc ‡@ 214.60 … -3.10 …
UK Eqty Inc A ‡@ 349.61 … +4.48 3.47 Extra Income ‡@ 26.65 … -0.23 3.95 Sterling Class A Investment Funds 1 Strat Inc A Inc ‡@ 97.52 … -1.39 …
UK Gwth A ‡@ 8380.33 … +91.94 … Glob Spec Sits ‡@ 5711.00 … +42.00 … UK Gwth A Acc ‡@ 201.50 … +3.70 …
INVESTEC FUND MGRS Euro Smlr Cos Acc ‡ 525.29 … +6.31 … UK Sel Gwth A Acc ‡@ 2325.00 … +36.00 …
UK Index A Inc ‡@ 1423.81 … -10.08 … Global Focus ‡@ 2806.00 … +1.00 … Euro Smlr Cos Inc ‡ 462.50 … +5.55 …
UK Mid Cap A ‡@ 5359.93 … +48.03 0.06 International ‡@ 149.50 … +1.10 0.08 Broker Support and Dealing: 020 7597 1900
JP MORGAN ASSET MGMT
Japan ‡@ 528.20 … -1.60 …
OEIC Series i,ii,iii, & iv
Moneybldr Bal ‡@ 48.14 … -0.03 … OEIC Sterling Class A Investment Funds 2
Moneybldr Glob 327.60 327.60 -1.90 0.21 American A Acc ‡@ 646.76 … -5.69 …
Moneybldr Gwth ‡@ 76.12 … +0.20 … Asia A Acc ‡@ 290.80 … +2.10 … Extra Income Inc ‡ 750.52 … -0.14 … OEIC B Class
Asia ex Japan A Acc ‡@ 787.10 … -5.22 … Gilt & Fxd Int Inc ‡ 95.11 … -2.12 …
Moneybldr Inc ‡@ 35.31 … -0.40 … Capital Accumulator A Acc ‡@ 231.48 … +8.50 … Emerging Mkts ‡@ 283.20 … +0.70 … Tracker and Specialist Investment Funds
ARTEMIS FUND MGRS LTD Moneybldr UK Ind ‡@ 126.57 … +1.49 … Eur Dyn (ex-UK) A Acc ‡@ 287.40 … +3.60 … Gl Hi Yd Bd Inc ‡ 44.79 … -0.38 …
Cautious Managed A Acc ‡@ 407.46 … +1.02 … Index Linked Bd Inc ‡ 163.88 … -3.79 … UK Trkr B Acc ‡@ 409.50 … +7.50 …
0800 092 2051 Special Sits ‡@ 4515.00 … +47.00 … Euro Smllr Cos ‡@ 985.00 … -8.60 …
Cautious Managed A Inc ‡@ 261.77 … +0.65 … Index Trckr Inc ‡ 77.54 … +0.35 … UK Trkr B Inc ‡@ 191.50 … +3.50 …
Authorised Inv Funds Wealthbuilder 69.75 72.18 -0.11 … Europe A Acc ‡@ 1815.00 … +14.00 …
Diversified Growth A Acc ‡@ 133.35 … -0.34 … Short Dated Corp Bd Inc ‡ 25.62 … … 1.20
Capital R Acc ‡@ 2148.24 … +40.37 … Diversified Growth A Inc ‡@ 142.06 … -0.36 … Gbl Hi Yld Bd A Acc ‡@ 126.60 … -1.00 4.27
UK Select A Inc ‡ 3048.58 … +25.20 …
Euro Opps R Acc ‡@ 91.26 … +1.71 1.29 Diversified Income A Acc ‡@ 328.82 … -0.71 … Gbl Hi Yld Bd A Inc ‡@ 34.24 … -0.27 4.39
Euro Opps R Inc ‡@ 85.36 … +1.59 1.30 Diversified Income A Inc ‡@ 73.05 … -0.15 … Gl ex-UK Bd A Acc ‡@ 278.10 … -3.50 …
European Growth R Acc ‡@ 400.82 … +13.67 … HALIFAX INVESTMENT FUND MGRS LTD Emerging Mkts Blended Debt A Acc ‡@ 121.02 … -0.91 … Gl ex-UK Bd A Inc ‡@ 213.00 … -2.60 …
Sterling Class A Investment Funds 3 UK and Income Investment Funds
Global Energy R Acc ‡@ 34.67 … +0.29 … 01296 386 386 Emerging Mkts Blended Debt A Acc Gross ‡@ 125.82 … +0.06 … Glb Fins A Acc ‡@ 1077.00 … +12.00 1.03
Global Growth R Acc ‡@ 355.89 … +7.57 … Authorised Inv Funds Global A Acc ‡@ 2116.00 … +26.00 … Corp Bd A Inc ‡ 38.62 … -0.38 … Corp Bond B Acc ‡@ 370.70 … +0.40 …
Emerging Mkts Blended Debt A Inc ‡@ 74.87 … -0.56 …
Global Income R Acc ‡@ 161.86 … +1.56 … Share Class `C Japan A Acc ‡@ 577.00 … +7.50 … Dividend Inc ‡ 57.66 … +0.76 4.52 Corp Bond B Inc ‡@ 136.30 … +0.10 …
Emerging Mkts Equity A Acc ‡@ 173.79 … +4.42 …
Global Income R Inc ‡@ 106.27 … +1.02 … Multi-Man Tst A Acc ‡@ 1405.00 … +16.00 … Recovery A Inc ‡ 122.84 … +1.04 … UK Gwth B Acc ‡@ 205.60 … -0.60 …
Corporate Bond ‡ 37.87 … -0.48 … Emrg Mkts Local Curr Debt A Acc ‡@ 183.33 … +0.63 …
Global Select R Acc ‡@ 159.49 … +1.37 … Multi-Man Tst A Inc ‡@ 1249.00 … +15.00 … Sml Cos Inc ‡ 425.41 … +2.35 … UK Sel Gwth B Acc ‡@ 2481.00 … +8.00 …
Ethical ‡@ 116.10 … +1.70 … Emrg Mkts Local Curr Debt A Inc ‡@ 77.03 … +0.27 …
High Income R Inc ‡@ 70.59 … -0.95 … European ‡@ 109.50 … +1.00 … Emrg Mkts Local Curr Debt Gross I Acc ‡@ 220.49 … -1.26 … Nat Resources ‡@ 845.70 … +24.10 …
Income R Acc ‡@ 507.94 … +7.08 3.56 Far Eastern ‡ 122.00 … +3.00 … Enhanced Natural Resources A Acc ‡@ 134.24 … -4.54 … New Europe A ‡@ 235.20 … +1.20 2.11
Income R Inc ‡@ 231.97 … +3.23 3.66 Sterling Class A Investment Funds 4
Fund of Inv Tst ‡@ 145.80 … +1.60 0.20 Global Bond A Acc ‡@ 139.30 … +5.98 0.82 Portfolio ‡@ 330.50 … +0.70 …
Monthly Dist R Inc ‡@ 71.14 … -0.12 3.51 Intl Gwth ‡ 125.10 … +1.30 … Global Bond A Inc ‡@ 109.33 … +4.52 0.82 Stg Corp Bd A Acc ‡@ 98.07 … -1.15 … Episode Allocation A Inc ‡@ 143.27 … +1.42 …
Strategic Assets R Acc ‡ 78.00 … +0.96 … Japanese ‡ 69.74 … +0.43 … Stg Corp Bd A Inc ‡@ 55.61 … -0.65 … OEIC C Class
Global Bond I Gross Inc ‡@ 1167.00 … +46.14 1.25
Strategic Bond R M Acc ‡@ 102.58 … -0.67 … North Amer ‡ 145.90 … -0.80 … UK Act 350 A Acc ‡@ 199.00 … -1.30 … UK and Income Investment Funds
Global Dynamic A Acc ‡@ 206.69 … +3.98 …
Strategic Bond R M Inc ‡@ 55.75 … -0.37 … Smaller Cos ‡@ 120.50 … -0.10 … UK Dynamic Acc ‡@ 215.70 … +2.10 … MARKS & SPENCER UNIT TRUST LTD
Global Energy A Acc ‡@ 170.97 … -4.81 … UK Gth C Inc ‡@ 138.70 … +2.50 …
Strategic Bond R Q Acc ‡@ 102.39 … -0.68 … Special Sits ‡@ 49.75 … +0.58 1.41 UK Dynamic Inc ‡@ 156.40 … +1.50 … 0808 005 5555
Global Equity A Acc ‡@ 227.96 … +2.15 … UK Sel Gwth C Acc ‡@ 2598.00 … +8.00 …
Strategic Bond R Q Inc ‡@ 55.72 … -0.37 … UK Equity Inc ‡@ 90.92 … +0.62 3.76 UK Equity A Acc ‡@ 401.90 … -4.70 3.45 High Income 102.90 102.90 -1.10 …
Global Franchise A Acc ‡@ 308.42 … +1.72 …
UK Growth R Acc ‡@ 742.90 … +16.64 … UK FTSE 100 IT ‡@ 67.54 … +0.84 … UK Equity A Inc ‡@ 46.44 … -0.54 3.49 High Income Acc 276.20 276.20 -2.90 …
Global Free Enterprise A Acc ‡@ 1299.23 … +20.37 …
UK Smaller Cos R Acc ‡@ 1962.91 … -1.37 … UK FTSE All-S IT ‡@ 78.19 … +0.88 … UK 100 Comp Acc @ 440.90 440.90 +6.10 …
Global Gold A Acc ‡@ 174.23 … +1.74 … UK Eqy & Bd Inc Acc ‡@ 167.10 … +2.30 …
UK Special Sits R Acc ‡@ 725.48 … +17.35 … UK Growth ‡@ 83.76 … +0.47 … UK 100 Cos @ 225.60 225.60 +3.10 …
Global Special Situations A Acc ‡@ 302.84 … +8.59 … UK Eqy & Bd Inc Inc ‡@ 90.29 … +0.88 …
Global Special Situations A Inc ‡@ 234.24 … +6.64 … UK Higher Inc A Acc ‡@ 1132.00 … +12.00 … UK Select Pflo @ 341.60 341.60 +4.70 … STANDARD LIFE INVESTMENTS
Managed Growth A Acc ‡@ 284.24 … +0.84 … UK Higher Inc A Inc ‡@ 531.30 … +4.30 … UK Selection Port Acc @ 683.90 683.90 +9.20 … 0845 279 3003
Monthly High Income A Acc ‡@ 243.45 … +2.02 3.54 UK Sm Cos A Acc ‡@ 686.50 … +4.50 0.27 Worldwide Mgd Acc @ 982.10 982.10 +7.50 … Investment Funds (OEIC) - Retail Shares
HSBC GLOBAL ASSET MGMT (UK) LTD Monthly High Income A Inc ‡@ 63.17 … +0.42 5.01 UK Str Eq Inc A Acc ‡@ 210.00 … +3.30 … Wwide Mgd @ 582.20 582.20 +4.40 …
Enq: 0845 745 6123 Dlg: 0845 745 6126 Mon-Fri 8-6 AAA Inc CAT Acc ‡@ 96.66 … -0.93 …
AXA FRAMLINGTON UNIT MGMT LTD Multi-Asset Protector A Acc ‡@ 171.91 … -0.33 … UK Str Eq Inc A Inc ‡@ 108.70 … +1.70 …
HSBC Index Tracker Investment Funds (OEIC) AAA Inc CAT Inc ‡@ 55.09 … -0.53 …
Dling: 0845 602 1952 Priv Clients: 0845 777 5511 Strategic Bond A Acc ‡@ 244.54 … +0.50 1.96 US A Acc ‡@ 1036.00 … +14.00 …
MORGAN STANLEY INVESTMENT MGMT LTD AAA Income Acc ‡@ 104.80 … -1.00 …
Amer Ind Acc ‡@ 904.33 … +5.22 … Strategic Bond A Inc ‡@ 119.47 … +0.23 3.32 US Sm Cos A Acc ‡@ 960.70 … +49.00 …
Equity Inc ‡@ 572.40 … -2.10 4.43 Enquires: 0800 0961 962 Amer Eq Gth Acc ‡@ 217.30 … +3.00 …
Amer Ind Inc ‡@ 733.85 … +4.23 … Corp Bond Acc ‡@ 178.20 … -2.10 …
Gilt Acc @ 201.30 211.80 -1.50 1.08 The Morgan Stanley Funds (UK)
Euro Ind Acc ‡@ 1147.94 … +6.62 … Corp Bond Inc ‡@ 61.50 … -0.71 …
Gilt Inc @ 74.35 78.24 -1.00 1.09 Class A Shares
Euro Ind Inc ‡@ 752.05 … +4.34 … Euro Eq Gth Acc ‡@ 247.30 … +2.50 0.35
Health Acc ‡ 2724.00 … +94.00 … Equity
FTSE 100 Ind Acc ‡@ 265.37 … +3.63 … Glb Advtg CAT Acc ‡@ 157.90 … +1.10 …
Jap Smlr Co Ac @ 62.56 66.09 -0.93 0.30
FTSE 100 Ind Inc ‡@ 124.58 … +1.71 … Dev Opp Fund F Acc ‡ 907.46 … +43.20 … Glob Advtg Acc ‡@ 208.50 … +1.30 …
Managed Inc ‡@ 138.30 … -0.70 4.20
FTSE 250 Ind Acc ‡@ 316.83 … +1.67 1.50 Dev Opp Fund I Acc ‡ 904.67 … +43.04 … Glob Eq Uncstrd Acc ‡@ 160.80 … +3.10 …
Monthly Inc Inc ‡@ 259.40 … +0.90 3.85
FTSE 250 Ind Inc ‡@ 200.28 … +1.06 0.43 Glob Bal Inc F F Acc ‡@ 989.18 … +2.59 … Higher Inc Acc ‡@ 150.40 … -0.60 3.90
UK Growth Inc ‡@ 239.60 … -3.60 …
FTSE All-S Acc ‡@ 696.11 … +12.64 … Glob Bal Inc F F Inc ‡@ 967.27 … +2.54 … Higher Inc Inc ‡@ 49.01 … -0.18 3.98
UK Select Opps Inc ‡@ 2091.00 … -24.00 …
FTSE All-S Inc ‡@ 363.66 … +6.61 … Glob Bal Inc F I Acc ‡ 988.67 … +2.58 … Japan Eq Gth Acc ‡@ 127.40 … -0.30 …
UK Sml Cos Inc ‡@ 372.20 … -5.60 …
Jap Ind Acc ‡@ 139.90 … -1.33 … Glob Bal Inc F I Inc ‡ 966.75 … +2.53 … Managed Acc ‡@ 349.20 … +0.80 …
Jap Ind Inc ‡@ 111.57 … -1.06 … Glob Bal Sust F F Acc ‡@ 980.69 … -0.79 … Select Inc Acc ‡@ 95.86 … -0.14 2.29
Pac Ind Acc ‡@ 514.64 … +11.69 … Glob Bal Sust F F Inc ‡@ 976.94 … -0.79 … Select Inc Inc ‡@ 54.53 … -0.08 2.31
Pac Ind Inc ‡@ 332.50 … +7.55 … Glob Bal Sust F I Acc ‡ 980.09 … -0.80 … UK Eq Gth Acc ‡@ 356.90 … +4.50 …
Glob Bal Sust F I Inc ‡ 976.80 … -0.79 … UK Eq Hi Alpha ‡@ 220.50 … +2.80 …
AXA FUND MANAGERS LTD Glob Br Eq Inc Fund F Inc ‡@ 1325.24 … -11.52 … UK Eq Hi Inc Acc ‡@ 266.30 … +4.00 3.53
Admin & Enq 0117 989 0808 Glob Br Eq Inc Fund I Acc ‡@ 1761.19 … -15.39 … UK Eq Hi Inc Inc ‡@ 76.56 … +1.13 3.64
AXA Trusts HSBC Investment Funds (OEIC) - Retail Share Class Glob Br Eq Inc Fund I Inc ‡@ 1423.42 … -12.45 … UK Ethical Acc ‡@ 221.60 … -0.30 …
Glob Br Fund I Acc (PH) ‡@ 13251.75 … -116.25 … UK Opps Acc ‡@ 293.40 … -5.50 …
Gen Acc ‡@ 2101.00 … -53.00 … Balanced Acc ‡@ 250.22 … +1.49 …
Glob Br Fund I Acc (PH) ‡@ 1669.77 … -14.23 0.84 UK Opps Inc ‡@ 266.70 … -4.90 …
Gen Inc ‡@ 1079.00 … -32.00 … Balanced Inc ‡@ 151.95 … +3.09 …
Glob Br Fund I Inc (PH) ‡@ 3654.50 … -32.06 … UK Smlr Cos Acc ‡@ 1026.00 … -7.00 …
Corp Bd Acc ‡@ 301.20 … -3.15 …
Glob Br Fund I Inc (PH) ‡@ 1605.90 … -13.68 0.85
Corp Bd Inc ‡@ 120.58 … -1.26 …
Glob Ins Fund F Acc ‡ 674.72 … +11.77 …
Gilt & Fd Int Acc ‡@ 497.78 … +7.06 1.19
Glob Ins Fund F Inc ‡ 674.71 … +11.76 …
Gilt & Fd Int Inc ‡@ 74.17 … +1.05 1.58
Glob Ins Fund I Acc ‡ 673.44 … +11.72 …
Income Acc ‡@ 690.71 … +9.56 …
Glob Ins Fund I Inc ‡ 673.44 … +11.72 …
UK/Global Investment Companies Income Inc ‡@ 296.21 … +4.10 … SVS BROWN SHIPLEY FUNDS
Glob Sust Fund F Acc (PH) ‡ 1275.00 … -8.02 0.56
Euro Acc A ‡@ 234.70 … +0.10 1.18 Monthly Inc Acc ‡@ 313.41 … -1.33 3.21 Enquiries: 0141 222 1151
Glob Sust Fund F Inc ‡@ 1259.23 … -8.19 …
Extra Inc Inc B ‡@ 86.74 … -1.81 1.16 Monthly Inc Inc ‡@ 136.11 … +0.94 …
Glob Sust Fund I Acc ‡@ 1270.75 … -8.30 … Balanced A Acc ‡@ 148.48 … +0.33 …
Global Gwth Acc R ‡ 301.30 … +5.20 … UK Grth & Inc Ret B Acc ‡@ 141.94 … +1.82 …
Glob Sust Fund I Acc (PH) ‡@ 1276.67 … -8.01 0.38 Balanced A Inc ‡@ 134.07 … +0.30 …
Japan Acc A ‡@ 166.00 … -1.30 … UK Grth & Inc Ret B Inc ‡@65.42 … +0.84 …
Glob Sustain Fund F Acc ‡@ 1275.53 … -8.30 … Cautious A Acc ‡@ 121.14 … -0.20 …
Pac Gwth Acc A ‡@ 552.30 … +13.30 … UK Gth & Inc Acc ‡@ 141.94 … +1.82 …
Stg Corp Bond F F Acc ‡@ 134.20 … -1.55 … Cautious A Inc ‡@ 106.52 … -0.17 …
UK Gth & Inc Inc ‡@ 65.42 … +0.84 …
Stg Corp Bond F F Inc ‡@ 109.34 … -1.27 … Dynamic A Acc ‡@ 359.18 … +2.04 …
Stg Corp Bond F I Acc ‡@ 2858.41 … -33.17 … Dynamic A Inc ‡ 325.94 … +1.84 …
Stg Corp Bond F I Inc ‡@1537.34 … -17.85 … Growth A Acc ‡@ 370.41 … +1.62 …
Sust Fixed Inc Opps F F Acc ‡ 976.65 … -6.62 … Income A Acc ‡@ 268.69 … +0.28 …
HSBC Specialist Investment Funds (OEIC) Sust Fixed Inc Opps F F Inc ‡ 960.68 … -6.50 … Sterling Bond Acc ‡@ 242.37 … +1.39 3.52
CIS UNIT MANAGERS LTD American Index Retail Acc ‡@ 904.33 … +5.22 … Sust Fixed Inc Opps F I Acc ‡ 974.37 … -6.63 … Sterling Bond Inc ‡@ 97.00 … +0.54 3.61
08457 46 46 46 American Index Retail Inc ‡@ 733.85 … +4.23 … Sust Fixed Inc Opps F I Inc ‡ 960.41 … -6.54 …
European Gwth ‡@ 203.80 … +0.60 … Asian Gth Acc ‡@ 147.77 … -0.67 … US Adv F F Acc ‡@ 2051.08 … +201.70 …
Sus Leaders ‡@ 777.90 … -7.80 … Asian Gth Inc ‡@ 130.99 … -0.59 … US Adv F F Acc (PH) ‡@ 1315.55 … +128.57 …
UK Growth ‡@ 646.10 … +0.30 … Chinese Eq Acc ‡@ 513.81 … -13.85 0.40 US Adv F I Acc ‡@ 2188.95 … +215.15 …
UK Income ‡@ 222.00 … +1.50 … Chinese Eq Inc ‡@ 434.76 … -11.72 0.34 US Adv F I Acc (PH) ‡@ 1382.16 … +134.98 … THREADNEEDLE INVESTMENTS
Euro Gth Acc ‡@ 973.97 … -10.00 0.41 Client Serv: 0800 0683000
Euro Gth Inc ‡@ 817.05 … -8.39 0.44 Intermediary Serv: 0800 0684000
SANTANDER UNIT TST MGRS Institutional Shares (Class 2) (163500,000 min)
08457 413002
UK Oseas Earns ‡@ 125.73 … +1.69 …
Bal Pfolio Inc ‡@ 110.50 … … 2.41
CLOSE FUND MANAGEMENT LTD IGNIS ASSET MGMT Bal Port Gwth Acc ‡@ 241.80 … -0.30 …
0870 606 6402 Dlg: 0141 222 8282 Equity Inc Inc ‡@ 229.50 … -0.90 …
Beacon Inv ‡ 84.88 … +0.45 0.01 American Gth Inc @ 322.55 340.42 +1.71 … N&P UK Gwth Inc ‡@ 182.80 … +6.00 …
Balanced Growth @ 262.17 276.69 -1.59 1.52 Target Return A Acc ‡@ 102.03 … +0.39 0.82 JUPITER UT MGRS LTD Stkmkt 100 Tkr @ 252.30 252.30 +1.50 …
UK Growth Acc ‡@ 496.60 … -2.30 … Managed Funds
Balanced Growth Acc @ 393.13 414.92 -2.40 1.49 Target Return A Inc ‡@ 87.63 … -0.07 0.87 020 7581 3020
Corporate Bond ‡@ 99.69 … -1.17 4.77 UK Alpha A Acc ‡@ 2702.05 … +20.88 … UK Growth Inc ‡@ 274.10 … -1.30 … Def Eqty & Bd Acc @ 128.00 128.00 +1.40 0.74
European Growth @ 403.88 426.26 -1.19 2.18 UK Blue Chip A Acc ‡@ 770.11 … +5.67 … Absolute Return ‡@ 39.39 … -0.29 … Eqty & Bd Acc @ 179.90 179.90 +3.30 0.73
European Growth Acc @ 475.71 502.07 -1.47 2.24 Distribution and Growth ‡@ 102.14 … -0.31 … Mgd Income @ 77.80 77.80 +1.83 …
Dealing: 020 7426 6232 UK Smaller Companies A Acc ‡@ 6469.85 … -9.69 … SCOTTISH MUTUAL INV MNGRS LTD
Glob Gwth @ 331.53 349.90 +2.16 … Emg Euro Opps ‡@ 241.90 … +2.15 …
UK Smaller Companies A Inc ‡@ 5803.06 … -8.69 … 0141 248 6100
Winchester ‡ 3775.82 … +33.98 0.29 Higher Yield @ 83.98 88.64 +0.86 4.43 Euro Special Sits ‡@ 465.72 … -4.72 …
Higher Yield Acc @ 275.04 290.28 +2.83 … UK Special Situations A Acc ‡@ 1397.92 … +37.09 … European Inc 1777.00 1873.48 +12.14 0.78
European ‡@ 2869.98 … -25.34 …
Japan @ 49.06 51.78 -2.35 0.94 UK Special Situations A Inc ‡@ 511.42 … +13.57 … Financial Opps ‡@ 872.35 … +29.00 … Far Eastern Inc 584.69 617.09 +3.79 1.42
Managed @ 130.89 138.15 +0.95 0.66 Income Trust ‡@ 511.12 … +9.33 … Intl Growth Inc 380.56 400.59 -0.13 0.75 Retail Shares (Class 1)
Managed Trust @ 71.96 76.96 +1.59 … Merlin Bal (Acc) ‡@ 232.69 … +2.65 … Japanese Inc 41.85 41.85 +0.57 0.56 Stg Bd Ret Inc ‡@ 56.83 … -1.22 …
Mngd Pfolio Inc @ 95.54 100.84 +0.63 0.58 Merlin Gwth (Acc) ‡ 545.95 … +8.25 … Mutual European 2762.93 2908.99 -73.67 1.11
EDENTREE INV MGMT LTD Strat Bd Ret ‡@ 46.04 … -0.37 …
Pacific Grth @ 498.71 526.34 -0.26 1.34 Merlin Inc (Acc) ‡ 357.53 … +2.29 … Mutual Far Eastern 1026.15 1083.01 +7.39 …
0800 358 3010 UK Corp Bond ‡@ 62.09 … -0.64 …
Smaller Comp @ 756.24 798.14 -8.40 0.15 Mutual North Am 1983.00 2092.88 +19.24 0.24
Merlin Wwide (Inc) ‡ 389.51 … +6.81 … UK Corp Ret ‡@ 61.97 … -0.65 …
Amity European A ‡ 324.50 … +1.90 … Smaller Cos @ 628.94 663.79 -6.93 0.21 Mutual UK Eq 1392.31 1469.46 +14.14 …
For ISIS Asset Mgmt see F&C Fd Mgmt Ltd (OEICS) UK Growth ‡@ 249.75 … +1.35 … UK Eqty Inc Ret ‡@ 99.04 … +0.51 3.14
Amity International A ‡ 345.80 … -6.00 … UK Special Sits (Inc) ‡@ 203.93 … +3.84 … Nth American Inc 1227.65 1295.67 +29.21 … UK Gwth & Inc Ret ‡@ 94.78 … +0.49 …
Amity Sterling Bond A ‡ 98.54 … -1.86 … JANUS HENDERSON INVESTORS UK Equity Inc 593.02 625.88 +6.03 … UK Hi Yld Bd 1 ‡@ 40.47 … -0.39 3.55
Amity UK A Inc ‡ 245.70 … -4.40 … UK Inst Acc ‡@ 180.66 … +1.83 …
Higher Income A ‡ 135.10 … -0.80 … INSIGHT INVESTMENT FDS MANAGEMENT LTD Investors Serv: 0800 832 832 Dlng: 0845 946 4646
UK Mnthly Extra Inc ‡@ 82.92 … -0.09 …
UK Equity Growth A ‡ 324.20 … -10.70 … Client Servs: 0207 163 4000 SCOTTISH WIDOWS UNIT TRUST MGRS UK Mnthly Inc Ret ‡@ 71.10 … +0.29 …
Insight Investment Multi-Manager Funds All Stks Credit A Inc ‡@ 133.10 … -1.60 … 0845 300 2244 UK Retail ‡@ 137.71 … +1.98 …
Asian Div Inc U Trst Inc ‡ 88.82 … +2.67 … Authorised Inv Funds (OEICs)
Well Bldr Bal Acc ‡@ 96.05 … +0.24 … UK Sel Retail ‡@ 123.55 … -3.19 1.75
Well Bldr Gwth Acc ‡@ 93.79 … -0.32 … Cautious Man Fd A Acc ‡@ 299.50 … +1.50 … LEGAL & GENERAL (UT MGRS) LTD OEIC A Class UK Smaller Cos ‡@ 450.89 … +5.69 …
Cautious Man Fd A Inc ‡@ 152.00 … +0.70 … Managed Investment Funds
Enquiries: 0870 050 0955 Dealing: 0870 050 0956
China Opp Fund A Acc ‡@ 1487.00 … +7.00 … Bal Port A Acc ‡@ 237.60 … -0.10 0.01
F & C FUND MANAGEMENT LTD (OEICS) Caut Port A Acc ‡@ 207.10 … +0.30 …
Emg Mkts Opps Fd A Acc ‡@ 227.90 … +2.90 … Equity Acc @ 2616.00 2639.00 +17.00 2.12
Enqs: 0870 601 6183 Dealing: 0870 601 6083 Caut Port A Inc ‡@ 152.00 … +0.30 …
INVESCO FUND MGRS LTD Erpn Grth Fund A Acc ‡@ 283.50 … +3.40 … Equity Dist @ 893.80 902.00 +5.60 2.15
Share Class 1 - Retail Opps Port A Acc ‡@ 280.20 … -0.70 …
Dling: 0800 085 8571 Inv Serv: 0800 085 8677 Euro Ind Acc ‡@ 506.00 … +2.80 … For Resolution see Ignis
Corporate Bd ‡@ 56.74 … -0.56 … Erpn Sel Opps Fd A Acc ‡@ 2212.00 … +19.00 …
Brkr Serv: 0800 028 2121 Euro Ind Inc ‡@ 339.60 … +1.80 … Prog Port A Acc ‡ 266.60 … -0.50 … TU FUND MANAGERS LIMITED
Emerging Mkts ‡@ 133.40 … +0.70 … INVESCO Funds Fix Int Mnthly Inc Fd Acc ‡@ 33.28 … -0.37 …
Fixed Int Acc ‡@ 150.20 … -1.70 … British 867.30 867.30 -7.20 …
Euro Gwth & Inc 1 ‡@ 1181.00 … -6.00 … Global Equity Fund Acc ‡@ 4520.00 … +6.00 …
UK Str Inc N/Trl ‡@ 323.57 … -2.78 … Fixed Int Dist ‡@ 71.98 … -0.80 … European 210.70 219.40 +3.90 …
Extra Inc Bond ‡@ 47.74 … -0.36 … Global Equity Income A Inc ‡@ 65.97 … +0.60 … Overseas Growth Investment Funds
Glob Gwth Acc @ 243.90 243.90 +0.60 1.15
FTSE All-Shr Track ‡@ 433.80 … +4.90 … Global Tech A Acc ‡@ 3203.00 … +49.00 … Eur Sel Gth A Acc ‡@ 3496.00 … +42.00 …
Glob Health Acc ‡@ 100.00 … +0.81 …
Global Gwth SC1 ‡@ 314.10 … +1.00 … This list contains unit trusts and Oeics widely held
Instl UK Idx Opps A Acc ‡@ 112.95 … +0.79 … Glob Tech Acc ‡@ 98.61 … +1.32 …
High Inc Trst @ 12.08 12.73 -0.08 … by private investors. The weekly price change is
Max Inc Bond ‡@ 47.53 … -0.38 … INVESCO PERPETUAL Funds M-Asset Abs Ret A Acc ‡@ 159.40 … +0.60 … Gwth Tst Acc @ 106.00 106.50 -2.10 … based on a Friday-to-Thursday trading period.*
High Inc Acc ‡@ 136.50 … -1.20 4.94 Tracker and Specialist Investment Funds Yield expressed as CAR (Compound Annual
Multi Man Caut ‡@ 70.41 … +0.79 3.18 Childrens Acc ‡@ 481.75 … +2.90 … M-Man Active Fd A Acc ‡@ 268.20 … +1.80 …
Japan Ind Acc ‡@ 69.72 … +0.50 … UK Trkr A Acc ‡@ 371.30 … +6.80 … Return); † Ex dividend; ‡ Middle price; . . . No sig-
Multi Man Distr ‡@ 60.44 … +0.45 3.37 Corp Bond Acc ‡@ 216.83 … -1.71 … M-Man Inc Grth A Inc ‡@ 159.30 … +0.20 … nificant data. # Periodic charge deducted from cap-
North Amer ‡@ 818.30 … +6.00 … High Income Inc ‡@ 332.70 … +4.13 2.43 Pacific Ind Acc ‡@ 206.70 … +4.30 … UK Trkr A Inc ‡@ 192.60 … +3.50 …
M-Man Inc Grth Fd A Acc ‡@ 198.40 … +0.20 … ital; @ Exit charge
Pacific Gwth ‡@ 526.40 … +6.00 … Income & Grth Inc ‡@ 428.34 … +2.23 1.26 UK 100 Ind Acc @ 180.90 180.90 +7.60 …
Sterling Bond U Trst Acc ‡@ 234.60 … -2.80 …
Strategic Bd ‡@ 205.90 … -0.60 … Income Inc ‡@ 1307.87 … +13.22 … UK Active Opps Acc @ 249.90 252.90 +1.80 …
Sterling Bond U Trst Inc ‡@ 65.11 … -0.78 … UK and Income Investment Funds
Data as shown is
UK Equity ‡@ 3355.00 … +12.00 … Money Acc ‡@ 90.76 … +0.02 … UK Index Acc ‡@ 340.30 … +4.20 …
Strategic Bond A Inc ‡@ 124.00 … -1.50 … for information
UK Gwth & Inc Acc 1 ‡@ 658.50 … +2.90 … Monthly Inc Plus Inc ‡@ 103.85 … -0.65 … UK Index Dist ‡@ 169.40 … +2.10 … Corp Bond A Acc ‡@ 330.70 … -7.00 …
UK Gwth & Inc Dist ‡@ 234.70 … +1.00 … UK Aggressive Inc ‡@ 154.28 … +0.90 … UK Abs Ret Fd A Acc ‡@ 166.80 … +0.30 … US Ind Acc ‡@ 814.70 … +13.00 … Corp Bond A Inc ‡@ 125.40 … -2.60 …
purposes only. No offer is made by
UK Smaller Cos ‡@ 1166.00 … +2.00 … UK Growth Acc ‡@ 836.11 … +11.05 … UK Alpha Fund A Acc ‡@ 164.30 … +0.40 … Worldwide Acc ‡@ 358.90 … +1.50 … Envir Invtr A Acc ‡@ 379.40 … +2.80 … Morningstar or this publication
the times | Saturday February 12 2022 67
Money
Fixed-cash Isas Santander 0800 100802 1.94% to 2.5.24 90% - To 2.5.24 Barclaycard 0800 151 0900 Platinum All-Rounder Visa 0% 1st 24 mths 21.9%
Yorkshire BS 0345 120 0874 1.73% to 30.4.25 75% £495 To 30.4.25 Sainsbury's Bank 0808 540 5060 Dual Offer CC MC 0% 1st 24 mths 21.9%
Provider Contact Account Min AER
Nationwide BS 0800 302010 1.94% for 3 years 90% £999 1st 3 yrs Tesco Bank 0345 300 4278 Clubcard CC Purchases MC 0% 1st 23 mths 20.9%
United Trust Bank via post Isa Bond (7 yr) £15,000 1.77% F
MBNA Ltd 0345 606 2062 0% Tfr & Pur CC MC 0% 1st 23 mths 21.9%
UBL UK via website Fixed Isa (5 yr) £2,000 1.76% F Long-term fixed-rate mortgages
M&S Bank 0800 997 996 Shopping Plus Offer MC 0% 1st 23 mths 21.9%
Close Brothers Savings via website Fixed Isa (5 yr) £10,000 1.75% F Redmptn
United Trust Bank via post Isa Bond (5 yr) £15,000 1.75% F Provider Contact Initial Period Max Fee Charge
Rate LTV Until Cashback credit card
Secure Trust Bank via website Fixed Isa (10.3.27) £1,000 1.70% F
TSB 03459 758 758 1.59% to 31.5.27 60% £995 To 31.5.27
Purchase
Lifetime cash Isas Santander 0800 100802 1.69% to 2.5.27 75% - To 2.5.27 Provider Contact Product name APR Cashback
Provider Contact Account Min AER HSBC 0808 256 6876 2.19% to 30.4.27 90% £999 To 30.4.27 American Express 0800 917 8047 Platinum Cashback 29.8% 0.75% - 1.25% standard
Moneybox via website Cash Lifetime Isa £1 0.85% B Halifax 0345 727 3747 1.68% to 31.5.32 60% £995 To 31.5.32 Intro 5%/3mth (max £125)
Halifax 0345 727 3747 1.77% to 31.5.32 75% £995 To 31.5.32 American Express 0800 917 8047 Plat Cashback Everyday 24.5% 0.50% - 1.00% standard
Beehive Money via website Homebuyer Lifetime Isa £10 0.80%
Intro 5%/3mth (max £100)
Beehive Money via website Retirement Lifetime Isa £10 0.80% Variable-rate mortgages Halifax 0345 944 4555 Cashback CC MC 19.9% Standard 0.25% - 0.50%
Paragon Bank via website Cash Lifetime Isa (3) £1 0.50% Redmptn on spend over £1 a year
Newcastle BS via website Cash Lifetime Isa (3) £1 0.50% Provider Contact Initial Period Max Fee Charge Lloyds Bank 0345 602 1997 Cashback CC MC 19.9% Standard 0.25% - 0.50%
Rate LTV Until on spend over £1 a year
Regular savings accounts first direct 0800 482448 2.44% term 75% £490 None Barclaycard 0800 151 0900 Rewards Visa 22.9% Standard 0.25% on
Provider Contact Account Min AER first direct 0800 482448 2.59% term 75% - None spend over £1 a year
Mntly
first direct 0800 482448 2.89% term 80% £490 None Borrowing rates and products are subject to credit ratings. Terms apply to all cashback
NatWest via website Digital Regular Saver £0 3.04% V
Bank of China (UK) 0800 389 5566 2.99% term 80% £1,295 1st yr
Royal Bank of Scotland via website Digital Regular Saver £0 3.04% V
first direct 0800 482448 3.54% term 90% £490 None Current accounts
Nationwide BS via website Flex Regular Saver £0 2.50% V
Newcastle BS via branch Regular Saver (3) £0 2.00% F Buy-to-let Mortgages Credit interest
West Brom BS via branch Regular Saver (4) £10 2.00% F Redmptn Account
Provider Contact Initial Period Max Fee Charge Provider Contact Account name Fee AER
Pension annuities Rate LTV Until Halifax 0345 720 3040 Reward Current Account None £5 pm C
Principality BS 0330 333 4002 1.60% D to 30.4.24 75% - To 30.4.24 TSB 0345 975 8758 Spend & Save None £5 pm B
Single life Mansfield BS 01623 676345 2.29% D for 3 years 75% £1,499 1st 3 yrs Virgin Money 0800 678 3654 M Plus Account None 2.02%
Provider Contact Age 60 Age 65 Age 70 Leeds BS 0345 045 4049 1.41% F to 30.4.24 60% £999 To 30.4.24 Nationwide BS 0800 30 20 10 FlexDirect None 2% B
Canada Life 0345 300 3199 £2,146.32 £2,471.76 £2,853.72 Virgin Money 0330 057 1701 1.44% F to 1.6.25 75% £1,995 To 1.6.25 The Co-op Bank 0345 721 2212 Current Everyday Rewards None £1 pm C
Legal & General 0345 765 4465 £2,077.44 £2,412.00 £2,834.04 Virgin Money 0330 057 1701 1.73% F to 1.6.27 75% £1,995 To 1.6.27
Aviva 0800 015 5064 £1,899.76 £2,377.77 £2,701.16 The selections above are based on a combination of initial rate, fee and incentive available. Arranged overdrafts
Just 0345 302 2287 £1,975.68 £2,347.56 £2,680.08 Account 0% OD
National Savings & investments Provider Contact Account name Fee EAR Limit
Starling Bank via website Current Account None 15% £0
Notice or Min AER Interest
Joint life Term Paid first direct 0345 600 2424 1st Account None 39.9% £250
Provider Contact Male: Age 60 Age 65 Age 70 Accounts and bonds Virgin Money 0800 678 3654 M Plus Account None 19.9% £0
Female: Age 55 Age 60 Age 65
Green Bonds 3 Yr Bnd £100 0.65% Yearly Lloyds Bank 0800 015 4000 Club Lloyds £3pm 27.5% £50
Canada Life 0345 300 3199 £1,818.84 £2,013.72 £2,273.04
Direct Saver None £1 0.50% Yearly TSB 0345 975 8758 Spend & Save Plus £3pm 39.9% £100
Legal & General 0345 765 4465 £1,689.48 £1,946.52 £2,193.84 Current account interest rates paid up to a specified level, terms may apply to qualify for
Income Bonds None £500 0.50% Monthly rates shown. A = Provider operates under Islamic finance principles, rate shown is expected
Aviva 0800 015 5064 £1,530.71 £1,879.12 £2,029.45
profit rate. B =Introductory rate. C = Paid net of income tax. F = Fixed rate. D = Discounted
Just 0345 302 2287 £1,607.16 £1,828.80 £2,019.24 Tax free products variable rate. V = Variable rate. All savings rates are shown as AER variable unless otherwise
stated. Methods of opening and operating accounts will vary. All rates and terms are subject
Junior Isa Age 18 £1 1.50% Yearly to change without notice. No liability accepted for any loss arising from the use of, or reliance
Based on a pension pot of £50,000. Direct Isa None £1 0.35% Yearly upon, this information. Readers who are not financial professionals should seek expert advice.
Visit moneyfacts.co.uk for full details
68 Saturday February 12 2022 | the times
company’s trailing 12-month dividend payments 248K 183Y M&G 215K – 1Y 8.4 89.7 342 196 Billington Hldgsv 235 + 25 1.8 19.1 1450 1059 Savills 1369 – 1 1.2 17.6 66 43K Checkitv 45K – 1 … -5.5
divided by the last month’s ending share price 242K 143W Man 200 + V 3.8 12.2 305 252 Boot (Henry) 305 + 10 1.8 16.3 7K 5 Secure Propertyv 7N … … 19.1 678 458 Cohortv‡ 479 … 2.3 42.5
12 month high and low Please note the 12 month high 8K 7N Manx Finv 8N … … 6.5 112O 84W Breedon Groupv 88V – 2W … 21.0 1436K 875O Segro 1246K – 45 1.7 5.8 2710 1350 Dewhurstv‡ 1630 … 0.8 18.7
and low figures for shares supplied by Morningstar are 6V 1V Marechale Capv 3V … … 1.5 556W 459O Br Land 545V – 7V 2.7 74.6 63K 32W SIG 41K … … … 380 243 Dialight 342 + 2 … …
based on intra-day figures, not closing prices. 12770W 8284 Marsh McLn 11324X + 39X 1.6 28.8 152K 110 Caledonian Tstv 132K + 7 … 33.9
113 67N SigmaRocv 92 … … 29.5 2080K 1438K Electrolux 'B' 1467X – 4O 8.6 8.4
144 88O Sirius Real Estate 133O + 1V 2.4 10.4 1W K Feedbackv X … … -4.5
892K 680 Mattioli Woodsv 810 … 2.4 … 186N 156W Cap & Count Prop 169Y – 3W … -3.9
161K 122K Smart (J) 161K … 1.9 6.1
12 month Price 12 month Price 32K 18 Metal Tigerv 20 + N … 4.6 91N 54 Cap & Regnl 60K – 2O … -0.5 1550 996 Gooch Hsegov‡ 1025 – 32K 0.4 75.9
High Low Company (p) +/- Yld% P/E High Low Company (p) +/- Yld% P/E 61 34 Steppe Cementv 39K … 9.5 9.1
149Y 83 Metro Bank 104V + Y … -0.8 2100 1750 Cardiff Prop 2100 … 0.8 22.8 3935 2790 Goodwin 3175 – 75 3.2 17.5
191X 144Y Taylor Wimpey 152 – 1 2.7 11.0
1602V 1305X Nat Aust Bk 1574N + 8Y 3.0 15.6 43K 29K Carecapitalv 30 + K … -3.5 3216 2233 Halma 2359 – 70 0.7 34.1
O K Drumzv K … … -6.3
Automobiles & parts 152O 94O EFG-Hermes Hldg 147 – 5Y … 8.3 253W 171N NWG 253 – K 2.3 12.3 183 96K Clarke T 154 + 3 2.8 17.2
164 109 Town Centre 161 + 2K 2.1 …
1902 1256 Hill & Smith 1512 – 44 1.7 59.7
435 270 EPE Special Oppsv 305 … … 1.2 1900N 1352Y Travis Perkins 1438K – 21 … 20.6
398 276 Numisv‡ 276 – 4 4.3 5.6 262 203 CLS Hldgs 215 + 121K 41K Holders Techv 115 … 0.4 …
2201 1114K Aston Martin Lag 1158K – 35K … -3.8 K 3.5 13.5
890X 564N FBD 890X + 18O … 11.6 249 175Y Tritax Big Box REIT Plc233K – 5O 2.7 5.5
4N 2N Image Scanv 3 … … …
90 67K Fiskev 72K … … 15.0 576 409 Onesavings Bank 575K + 6K 2.5 9.2 571K 294 Countryside Prop 309 – 1K … 22.5
249 175Y Tritax Big Box REIT Plc233K – 5O 2.7 5.5
Banking & finance 83 44K Frenkel Toppingv 81 + 1 1.6 47.0 N … Origo Partnersv V … … -0.7 73W 16V Craven Housev 16V … … -0.3
124 100K TRITAX EUROBOX PLC 105V – K … …
1838 1260 IMI 1603 – 12 3.0 24.1
725 485 Georgia Capital 681 – 19 … 1.0 … … Inspirit Energyv … … … -5.1
741 566 PayPoint‡ 668 + 23 4.8 20.9 4002 3095 CRH 3779 – 33 2.2 27.4 507 330 Tyman 361K – 8K 1.1 13.9
331 226K abrdn 246 – 2X 5.9 3.7 955 791 Gresham Housev 905 … 0.6 36.3
8640 5740 Judges Scientificv 7560 – 70 0.7 47.4
3688 2850 Admiral 3054 + 18 3.8 13.6 325 244 H&T Groupv 301 + 4K 2.8 9.6 26 11 PCF Groupv 11 – N … -5.2 3802 3116 Derwent London 3233 – 59 2.3 70.1 1346K 842 Vistry Group 1054 – 17 1.9 11.1
88K 26K ADVFNv 67K – 2K … 11.3 65 45W Hansard Global 50 + 1X 8.9 13.8 85K 57K LPAv 75 + K … 17.6
759O 623W Phoenix Gp 670K – 2V 7.0 … 4K 3W Dolphin Capitalv 3Y … … -2.7 176O 122K Warehouse REITv 163 – 1O 3.8 3.8
470 321V AJ Bell 327V – 2 2.1 30.6
1772 1296K Hargreaves L 1347 – 15K 2.8 21.5 839V 395N Meggitt 748 – 1 … 99.7
23580 16369O Aon Corpn 21175W + 56K 0.6 71.5 381K 184 Provident 320 + 2 … -7.3 35K 28K First Propv 32O + N 1.3 … 971 700 Workspace Grp 772K – 20 2.3 …
43K 22N Appreciate Groupv 28Y – V 3.4 12.5 213Y 142K Helios Underv 165 + 2K 1.8 …
206K 141 Melrose 158O – 2N 0.5 …
1175 820 Arbuthnot Bkgv 930 … … 53.4 567V 359O HSBC 567V + 5K 2.8 13.6 1579N 1214 Prudential 1214 – 30 0.9 16.8 50 32K Fletcher Kingv 39 + 1 … … 750 565 Wynnstay Propsv 675 … 3.1 4.8
26K 11 Arden Partnersv 19K … … 4.8 952K 762 IG Group‡ 778 + 1K 5.5 7.7 412K 295K Morgan Advanced 320 – 1 1.7 21.1
3O Y Quantum Blockchain techv2X … … … 74V 37 Foxtons Group 39 … … …
23K 18 Argo Groupv 20 … … 9.2 1482 684 Impaxv‡ 1012 – 14 1.0 33.4
475W
1569N
268K Ashmore Gp
1318Y Aus New Z
282K
1467X
+
+
1O
5O
5.9
3.8
8.2
13.3
2379 1731 Intermed Cap 1842 – 15 3.0 10.5
168Y 130N Quilter PLC 142V – X 3.2 39.4 206V 120K Galliford Try 183K – 6N 0.6 20.1 Consumer goods 647 457K Mpacv 540 … … 25.9
62K
145O
37K Gldn Prosp Prc Mtl
124K Greencoat UK Wind 141
40O –
…
N …
5.4
-16.7
6.3
927
1568K
678 Scot IT
947N Scot Mtge
918
1082K –
…
20
2.5
0.3
-2.0
1.9
property 3238 2351 Persimmon 2449 – 1 9.6 9.9 … … Ass Br Eng# 15 … … -0.2
6070 3490 Genus 3490 – 58 0.8 48.4
346W 275O Mediclinic Int 338 – 7K … 21.1 4V W Catenaev W … … -0.8 39 21K Edenville Energyv 21K … … -1.4 K V Tertiary Mineralsv N … … -6.5 862 510 Robert Walters 730 … 2.1 31.2 117K 68K Intercedev 77K … … 26.7
12K 3 N4 Pharmav 3N … … -3.1 1146 269 Daily Mail‡ 270 – 2K 8.9 10.3 9 3K Empyrean Energyv 6X – V … … 1V W Thor Miningv X … … -5.1 20 10 Roebuck Food Grpv 19 … … 2.9 337 140 Iomartv 167 + 5 4.2 18.3
86.92 73.01 Novartis CHF 79.77 – 0.38 3.8 19.7 130 80V RPS Group 109 + 2 … 35.9 81O 29N IQEv 36Y + Y … …
220 137K DCD Mediav 185 … … 9.2 27N 13W EnQuest 21K + K … -2.3 4413O 2862Y Total Eng SE 4345O + 2 5.3 14.4
99K 5Y Omega Diagsv 5Y – 1W … -2.2 217 118 K3 Business Tchv 173 … … -2.9
61 19V Ebiquityv 57K … … … 36K 15 Eurasia Miningv 20K – 1K … … K V Tower Resourcesv N … … -5.5 65 35K RTC Groupv 41K … … 10.8
15 9W Ovoca Biov 13O + K … -3.9 2717N 1762K LG Electronics‡ 1823 + 44 2.0 5.1
1108 890 Euromoney In Inv‡ 956 – 7 1.1 … 64Y 30W Tullow Oil 52Y + 1 … 5.3 696K 483W RWS Hldgsv‡ 490 – 5O 1.8 35.5
2 1 Europa Oil&Gasv 1X … … …
1634 771 Oxford Biomedica 771 – 37 … 34.6 O N Location Sciencesv N … … -1.7
3910 1694 Future 2910 + 4 … 50.0 N … UK Oil & Gasv … … … -0.4 490 310 Science Groupv 410 … 1.4 17.6
698V 444X Evraz 444X + 13 11.4 5.8 587K 333 Micro Focus Intl 454 – 12 2.4 -0.9
8W 5V Physiomicsv 5V … … …
535 155 URU Metalsv 175 … … 5.6 145O 119 Serco Gp 131 – X 1.0 5.5
1660 1180 GlobalDatav 1310 … 1.3 2.9 501 233V Ferrexpo 284V – 2O 5.0 2.2 90K 59 MTI Wirelessv 68 – K 2.7 22.2
9Y 3X Proteome Sciesv 4W … … 34.2
12 1N Vast Resv 1W … … -0.3 45W 28 Smiths News 35 + V 1.4 3.4
152 83V Hyve Group 115 + 1N … -2.5 1030K 622W Fresnillo 622W – 9V 2.9 10.3 29O 15 Nanoco Gp 18O – 1 … …
6801 5391 Reckitt Benck 5894 + 61 2.9 …
6V 2O Victoria Oil&Gasv 4N … … -2.0 4305 3318 Smurfit Kappa 4073 – 77 4.1 20.7
622 94 IG Design Grpv 113 + 1 7.6 16.5 … … G3 Exploration# 28 … … -2.6 88 59K Netcallv 71K … 0.3 …
171K 53K RUA Life Sciencesv 57K … … -5.5
18 4 W Resourcesv 4V … … -0.4 92O 49W Staffline Gpv 55 … … … 77 57K Northamberv 62K … 0.9 50.4
40K 11Y Immedia Grpv 20N … … -5.2
9V 1K Sareum Hldgsv 3K – V … … 43 14 Galantas Goldv 31K … … -5.3
19K 5N Westmount Engyv 7N … … … 602 326K SThree 473 – 6K 1.0 21.8 106K 27K Online Blockchainv 44K – K … …
1600 1197 Smith & Neph 1220 – 17K 2.2 26.7 613W 464W Informa 613W – 2W … …
11 4 GCM Resourcesv 7O … … -5.1
150 90 Synecticsv 92K … … -4.6 126K 90 Oxford Metricsv‡ 112K … 1.6 48.9
132K 102K ITV 123X + W … 13.7 330K 177O Wood Grp (J) 243Y + 6 … …
254K 146K Spire Hcare 242K + 2K … … 78W 44V Gem Diamonds 52 – N 3.4 3.7
29 17N Thruvision Groupv 25X … … -9.3 13K 6N Parityv 7N … … …
16K 6N Jaywingv 11 … … … 7X 3Y Woodboisv 4N … … 16.3
212K 98 Synairgenv 188 – 2K … -8.2
37 18K Getechv 27K … … -6.5 50 26 Pennant Intlv 35K … … …
110 88O Tribalv 93 + K 1.1 28.1
O W Tissue Regenixv W … … -5.5 8N 3 Live Company Gpv 4K + X … -0.9 7Y 3V Xtract Resourcesv 6X – V … …
420 268O Glencore 417O – 3N 1.0 36.0 117K 63K Vianetv 86K … … … 770 351 Playtech 642 + 1K … 6.7
43N 28K Totallyv‡ 34K … 1.4 54.7 V … Mediazestv … … … -2.7 7O 2 Zephyr Energyv 5 … … -6.5
1 W Global Petrolv X … … -0.9 1060 770 Vp 940 – 5 2.6 23.1 356 243 QinetiQ 268O – V 4.2 21.0
680 400 Tristelv‡ 455 … 1.4 71.9 75 41 Merit Grpv 46K … … … 49 15 Zoltav Resourcev 15 – 2K … -2.9
255 174 RM 177 – 3 1.6 12.7
91988W 808O Gold Fields 808O – 23O 2.7 10.5 6V 2O Westminsterv 3V … … -3.8
55N 17O ValiRxv 28N – N … … 82K 60 Miradav 68 … … -2.9 853O 558K Sage Gp 685W – 5V 2.5 26.2
8 6X Goldplatv 7N + N … 5.4
89K 54K Mission Groupv 61 … 2.5 65.5 Professional & 12 7Y Seeing Machinesv 8K … … …
Industrials 305W 187K Moneysupermarket 192V – 4Y 6.0 18.3
14K 8W Goldstone Resv 8W … … …
support services Retailing 215 91 Shearwater Grpv 94W – K … 58.4
24 12K Greatld Gldv 13K – X … …
6K 4N SimiGonv 5O … … -2.6
2029Y 1533W News Corp A 1700N – 4W 0.8 27.6 332W 90 AO World 98O – 5K … …
188 137 Accsys Techv 163 – 1K … … 153K 80O Griffin Miningv 88 + 1 … 9.7 3170 2250 4imprint Grp 2815 + 30 … … 182K 65V Smartspace S'warev 66 … … -6.9
1905O 1545V News Corp B 1724K – 10N 0.8 28.0 5918 2038 Asosv 2038 – 107 … 16.2
6115 4874K BASF 5758N + 10Y 4.9 11.4 242K 143 Gulf Keystone‡ 217 – 4K 3.8 13.5 610 480 Andrews Sykesv 496 – 14 4.7 15.8 2240 1427 Softcat 1581 – 22 1.4 32.8
1340 622 Next 15 Commsv 1190 – 10 0.5 … 644 520 B&M European 571W + 11V 3.0 13.2
4825X 3727 Bayer DM50 4536Y – 39W 3.7 -6.8 647V 310 Harbour Energy 367O – 1V … … 300V 228K Spirent Comms 240V … 1.8 24.9
6450 3872 Ashtead 4969 – 157 0.8 26.4
869W 571O Pearson 638O – 1V 3.0 17.3 77O 36O Brown (N)v 37Y – K … 11.1
505 190 Biome Techv 255 … … -6.2 48K 30 SRT Marinev 45K – 1N … …
48 15O Harland & Wolff Group Holdingsv16W – N … 1.3 74 26O Asimilar Groupv 32 + 1 … 1.9
78O 46K Photo-Me 76 + K 11.1 8.5 95K 31 Card Factory 58K – 1K … … 960N 725O Tele. Ericsson 927O + 1W 1.8 18.0
7K 3V Byotrolv 3V … … …
227O 100 Hochschild 101 – 1 4.5 11.6 2300 775 AssetCov 1505 … … 4.7
7N 5K Camb Gbl Timberv 6K – N … -7.3 5 3N Primorus Invv 3W … … 6.2 2770 1664 CVS Groupv 1830 + 4 … 67.5 92K 60 Touchstarv 82 – 1K … …
12V 5Y Horizonte Minrlsv 5Y … … … 53K 29K Avisenv 44K … … …
79O 56 Coats Grp 63X + K 1.4 15.2 136 67K Quarto 131 … … 7.2 300 211K DFS Furn 232 – 3 … 6.7 1100 640 Tracsisv 995 … … …
24Y 10Y Hummingbird Resv 14N … … … 148K 102K Begbies Traynorv 121W – 2K 2.4 …
10410 6082 Croda 7298 – 132 1.2 40.4 420 203 Reach 247 – 12 1.7 … 1551 1238 Dunelm 1309 – 8 0.9 20.8 27 14K Trakm8v 22K … … …
289K 144W Hunting 256K + 4K 1.7 -9.7 292 220 Blancco Techv 220 – 8K … … 165 72K Triad Grp 143K + 3K 1.3 15.7
1575 1075 Cropper (James)v 1400 – 25 … 42.6 3X 1N REACT Grpv 2 … … 51.8 813K 448O Frasers Group 712K – 20K … 31.6
28O 12O IGas Energyv 16W … … -0.8 2968 2150 Bunzl 2687 – 60 3.3 19.7 502 260 Wandiscov 318 – 17 … -5.8
161X 120N Elementis 133K – 2X … 92.2 2424 1692K Relx 2273 + 6 2.0 32.8 3416 2044 Greggs 2644 – 47 … 31.5
1W W Independ Resv W … … -0.4 52O 30Y Capita 31V – V … 2.0 1340 505 Water Intelv 880 – 5 … 48.4
42K 26 Hardidev 30K … … -6.9 800W 555O Rightmove 635 + V 0.7 35.9 435 261 Halfords 310 – 5V 1.6 10.3
51K 29 CEPSv 51K … … … 258K 127 Xaar 217K + 2K … …
3300 1761K Johnson Math 1779K – 25 3.9 22.4 237 188K Indus Gasv 237 + 9 … 24.5 975K 688W Howden Join 767O – 20V 1.1 17.9
16K 8K SpaceandPeoplev 13O – N … -2.4
136 89 Christie Groupv 115 … … 48.9 17N 9N Yourgenev 9N … … -6.4
2068 1719K Mondi 1909 – 41K 4.1 18.5 1V K Ironveldv Y … … … 933 688K Inchcape 861K – 5K 0.8 46.3
377K 310 STV Group 352 + 2 1.7 8.4
151 92K Zoo Digitalv 136K – 1 … …
169 80 Robinsonv 80 – 2K 10.6 … 1810 1403 Compass‡ 1806K – 14 … 90.3
640 239W ITM Powerv 261W + 1W … … 10 5W IQ-AI 5K – V … …
467 175 System1 Groupv 375 – 15 … 17.9
462N 358N Smith (DS) 379 – 7 3.1 21.5 567K 320 CPPGroupv 365 … 6.8 … 234 156V JD Sports 174X – 4V 0.1 21.1
21Y 12Y Jubilee Metalsv 17K + O … 9.8
604 401 Swire Pacific 464N – 1W 3.4 …
3246N 2330N 21st Cent Fox Inc A 3246N + 11O 1.0 14.6
93K 66 Croma Securityv 87K … 2.2 13.2 376W 263O Kingfisher 321W + 3Y 2.5 8.2
Telecoms
3043N 2250Y 21st Cent Fox Inc B 2953 + 8O 1.1 13.3 6K 2 Karel Diamd Resv 2N … … -3.1
28 14N Symph Environv 20K … … … 6614 5506 DCC 6416 – 70 2.4 21.2
2W X KEFI Gold and Copperv X … … -2.9 99X 33O Lookers 99X – 1N … 5.4
6V … Vela Techv … … … 7.6 315 189 AdEPT Technologyv 205 + 1 … …
564 337O Synthomer 337O – 8V 3.4 6.6 207 111 De La Rue 123K + 3K … 16.2 256Y 129W Marks Spencer 196X – 4 … … 205K 122O BT Group 198X + V … 19.2
247 162 Wilmington 247 + 7 0.8 … 488 382 Kenmare Res 426 + 1 1.7 12.5
2727V 1908N Takeda Pharm 2229W + 29V 5.3 11.1 940 511 Dignity 670 – 10 … 19.7 … … Morrison (W) … … … … 159V 96O Currys plc 103Y – O … 4.9
1217K 824W WPP 1214 – 10 1.9 30.8 82W 30 Lamprell 32N … … -2.7
13K 4 Velocysv 6 … … -7.6
3460 2318 Diploma 2694 – 78 1.5 48.1 19X 11K Mothercarev 18 – W … … 2335 1510 Gamma Commsv 1558 – 2 0.7 21.7
86 55 Zinc Mediav 86 + 1K … -1.3 37K 20N Landore Resv 26K – K … -6.0
2706 1961 Victrex‡ 2010 – 40 2.9 23.9
1262 610 Discoverie PLC 860 – 8 1.1 70.4 888 462K Naked Winesv 462K – 4K … … 189 146K Helios Towers 152V – 1K … …
600 432K Wynnstay Groupv 566 … 2.5 18.0 1N W Lansdowne O&Gv W … … …
68K 44K Driver Groupv 45K … 1.6 25.2 8426 7142 Next 7194 – 66 … 15.8 7975 3203 Just Eat T'away 3203 – 232 … -9.9
494 355 Zotefoams 373 – 6 1.6 22.4 Natural resources 29K 18 Leeds Groupv 18K … … …
127 78 DWF‡ 117 – 1 3.8 … 2661 1225 Ocado Gp 1293K – 28K … … X V Mobile Streamsv W … … -7.0
5Y 2X Lexington Goldv 3K … … -8.4 4Y 1K Mobile Tornadov 1K … … -9.1
1255 956K Electrocompnts 1036 – 29 2.4 26.2 23X 14 Pendragon 22W … … 7.0
Leisure 4K O ADM Energyv O … … -0.1 8 4O MC Miningv 4Y … … -0.8
357 251 Essentra 328K – 1 1.0 55.6 519 372 Pets at Home 399K – 5K 2.0 16.3
1612 1010 Telecom Plus 1500 – 4 3.8 38.4
5N V Advance Energyv N … … -0.2 142W 106Y Vodafone Gp 138Y + W 5.5 …
2K 1V Metals Explornv 1N … … 2.2
3667 2273 Experian 2925 – 110 1.2 37.5 456 246V Saga 315 – 5 … …
478 244V 888 Hldgs 270K + K 3.6 86.9 72W 31W AFC Energyv 34K – N … …
X N Nostra Terrav W … … -2.3
13305 8374 Ferguson 11025 – 200 2.9 18.1 340 221N Sainsbury J 280K – X 3.7 23.5
992 470 Accesso Techv 754 + 4 … … … … Afentra PLC … … … …
15 4K Nostrum O&G 5W – N … …
265 200 FIH Groupv 235 … … … 2016 1311 Smith WH 1660K – 33K … …
Transport
3440 380 Best of the Bestv 400 … 0.7 3.2 N V Alba Mineral Resv N … … -5.9
244W 192Y Oil Search 218Y – 5W 0.1 60.3 272 82K Gattacav 93K – 1K … 17.0 36 13Y Sosandarv 27K … … …
1865W 1182O Carnival 1583 – 2V … -2.6 123K 64N Air Partner 123 + K 1.9 36.1
1V K Alien Metalsv Y … … …
W … Oilexv V … … … 6O 4V Grafeniav 5N … … -3.8 3N 2N Stanley Gbbnsv 2N … … -2.3
127K 95 Celticv 103K + 1 … -7.7 310 194K Braemar Ship 257 … 1.9 8.5
122V 81K Alumina 107K – 1 3.8 33.0
1X N Oriole Resourcesv N … … -3.0 568 308 Hargeaves Servv 506 + 11 1.4 7.3 315 103 Studio Retail Group 115 – 2K … 2.4
122 27K Cineworld 41K + K … -0.5 4180 2460 Clarkson 3415 – 25 3.8 …
1 W Aminex Y … … -7.3
465V 301K Domino's Pizza 396O + 2W 3.6 19.8 2W O Ormonde Miningv Y … … -3.8 1212 741K Homeserve 765 – 14 3.4 68.9 212W 80N Ted Baker 90K – 1N … … 921Y 485Y easyJet 706 – 21W … -4.4
3Y 1N Amur Mins Corpv 3O + W … …
2377 1342 Entain 1698K + 18K … 63.3 38K 9Y Orosur Miningv 11O … … … 520 243 Impellam Grpv 502K … … 28.5 309X 219N Tesco 298V + 1V 3.3 22.7 36Y 11Y Esken Limited 12X – N … -0.5
1094710X 9482 Anglo Amer Plat 9482 + 476 2.4 7.0
16915 10030 Flutter Ent 11360 + 310 … … 23V 15V Pan African Resv 18O – K 3.5 6.7 88V 32 Ince Gv 32 … … 18.1 75K 59 Topps Tiles 61W + 1V … 11.1 105X 73 FirstGroup 105 – 1Y … 25.0
3579K 2470K Ang Am 3579K – 20 2.0 9.1 1270 289K Fisher (James) 404 – 5K 1.9 -4.1
47 28 Gaming Realmsv 28W – K … … 127 22X Pantheon Resv 127 + 8V … … 6198 4775 Intertek 5202 – 102 2.0 31.5
400 290 Heavitreev 290 … … …
160 105 Anglo Asian Mngv 108K … 5.3 9.4
60Y 33K Parkmead Grpv 39K + K … -3.1 383K 258O IWG 285 – 3 … -4.8 Technology 217O 125O Intl Cons Air 174X – 3X … -3.0
267 200 Heavitree Av 200 … … … 1925 1227 Antofagasta 1366K + 22 2.9 18.0 420O 352N Irish Cont Uts 360 – 15 … …
Y W Pathfinder Minsv W … … -3.9 180W 122W Johnson Srvcev 162 + 1V … …
145 90 Hermes Pacificv 145 … … … 8V 2N Arc Mineralsv 3X … … 2.6 156K 102 Access Intellv 111 … … … … … Jet2v 1408K – 12 … -7.5
4000 60K Petra Diamonds 89 + 1 … 0.3 137 82K Journeov 109 + 1K … 37.7
5N 3K Ariana Resv 3K … … 4.8 170 128K Aferian plcv 146K … 1.2 49.1 328V 213K Natl Express 284V + K … -6.1
5336 4399 Intercont Htls 5140 – 4 … …
3V 1X Petrel Resourcesv 1X … … -8.6 133 64N Kier Gp 96O … … 8.4
1135 825 Ocean Wilson 935 … 8.5 4.7
1W Y Minoan Gpv 1 … … -7.2 1 K Arkle Resourcesv O … … -2.5 213 115 Alfa Financial 172 + 3 0.5 24.2
8K 2K Petro Matadv 4N – N … … 1365 880 Latham (J)v 1240 … 1.7 6.7 606W 404 Royal Mail 442Y + 2N 2.2 5.0
337K 215 Mitch & Butlers 266V … … … 6N 3O Armadale Capv 4 … … … 29V 18 Allied Minds 18O – K … -1.7
1085 585 Lok'n Storev 1006 – 4 1.3 90.6 606W 404 ROYAL MAIL PLC 442Y + 2N 2.2 5.0
163O 82V Petrofac 117N + 1 … -3.0
504 203K On The Beach 299K – 12K … … 3 2 Asiamet Rsrcsv 2W … … … 725 506 Aptitude Software 528 + 17 1.0 40.0
2900 2220 Lon Securityv 2900 + 150 2.7 16.0 108 65K Stagecoach 98 – N … 13.8
1774 1274 PPHE Hotels 1418 – 22 … -6.3 4K 1V Petroneft Resv 3N … … -9.7
440 270 Atalaya Minev 440 + 7K … 6.1 626W 420 Avast 623W – K 1.8 30.7
490 235 LSL Prop Services 394 – 4 … 10.9 27K 19K Sutton Harbourv 24K + K … …
207 123 Rank Grp 164K – 3W … -7.4 27Y 14W Petropavlovsk 15 – X … 20.7 4220 2750 Aveva Gp 2799 – 79 1.3 …
… … Baron Oilv … … … … 470 306 Wincanton 399 + 21 2.5 10.8
145 82K Macfarlane 129 … 1.9 15.3
139K 73X Restaurant Gp 104V – 1 … 10.9 6N 3K Phoenix Globalv 5 + K … -1.2 235 175 Bangov 193 + K … …
17K 3X Beowulf Miningv 16 – O … … 5565 3729 Wizz Air Hldgs 4619 – 248 … …
385 305 Maintel Hldgsv 325 … … 15.2
36 25V Rotalav 28 … … 24.5 18V 7N Plexus Holdingsv 8 … … -1.9 122K 47N BATM Adv Coms 48K – 1K … 14.7
W … Bezant Resv V … … -3.7
40V 26 Sportechv 37 … … … N V Malvern Intlv V … … -1.5
401 260 Bloomsbury Pub 394 + 4 2.2 16.2 2N 1 Corcelv 1W … … -1.3 3 1N Sound Energyv 1O … … -0.9 636V 464K Rentokil Itl 500W – 8K 1.0 36.1 183 152 GreshamTech 176 … 0.4 … Data as shown is
17N 7K Bonhill Groupv 9O … … … 8573K 58V DRD Gold 58V – 1Y 6.5 6.8 N V Sunrise Resourcesv V … … … 518 330 Restorev 475 – 3K … 84.8 268N 108 Ilikav 137 – 2 … … for information
purposes only. No offer is made by
51K 37 Catalyst Mediav 51K + K … -6.8 3O 1V ECR Mineralsv 1V … … -5.6 490 363 Ricardo 458 + 8 0.3 … 99K 63K Ingentav 98 … 1.5 57.3
Morningstar or this publication
70 2GM Saturday February 12 2022 | the times
Money Markets
Wall Street Major indices Eurotop 100 FTSE volumes (000s)
Feb 11 wkly Feb 11 wkly Feb 11 wkly New York Close +/- 12mthhigh 12mthlow Yield P/E 3i 1,070 ITV 17,653
close +/- close +/- close +/- abrdn 4,580 JD Sports 14,894
Dow Jones 34738.06 (-503.53) RWE AG 37.67 +0.52 37.87 28.42 2.31 11.63
3M 159.54 -1.19 eBay 58.38 -0.91 NextEra Energy 74.96 -1.05 Admiral 543 Kingfisher 4,525
Nasdaq Composite 13791.15 (-394.49) Swatch Group AG 274.80 -0.20 333.90 237.10 1.26 27.79 2,867 Land Sec 6,996
Abbott Labs 125.49 -4.22 Ecolab 184.42 -3.06 Nike 140.18 -5.21
S&P 500 4418.64 (-85.44) AP Moller-Maersk A Dn Kr 22060.00 +60.00 22480.00 11290.00 1.55 4.89 Ang Am 3,126 Legal & Gen 24,163
AbbVie 142.01 +1.36 Edison Intl 60.25 -0.91 Norfolk Sthn 267.21 -3.21
Antofagasta 1,706 Lloyds Bkg Gp 170,511
Accenture 329.18 -18.32 Edwards Life 109.00 -3.18 Northern Trust 123.11 +1.53 Tokyo AP Moller-Maersk B Dn Kr 23430.00 +160.00 24070.00 12160.00 1.46 5.20 Ashtead 1,066 Lond Stk Ex Gp 1,169
Activision Blizzard 81.50 +2.25 Electronic Arts 134.10 -3.61 Northrop Grum 399.32 +29.57 ABB Ltd S SF 32.44 -0.49 35.30 25.79 2.44 34.40 AB Foods 986 M&G 4,228
Nikkei 225 27696.08 n/a
Adobe Sys 473.97 -39.57 Eli Lilly 235.74 -6.53 Nucor 118.41 +7.15 Air Liquide Fr ¤ 143.68 -4.32 157.40 124.25 1.96 25.65 AstraZeneca 4,138 Meggitt 811
Aflac 65.31 +0.62 Emerson Elec 94.74 -0.64 Nvidia 239.49 -3.70 Hong Kong Auto Trader 4,746 Melrose 8,244
Airbus Fr ¤ 118.50 +0.20 121.00 89.54 21.68
Agilent Tech 137.20 -3.92 Entergy 105.82 -5.08 Occidental Petr 42.98 +2.18 Hang Seng 24906.66 (-17.69) AVAST PLC 36,775 Mondi 814
Air Prods & Chm 244.39 -18.69 EOG Res 116.75 +3.05 ONEOK 64.51 +1.62 Allianz G ¤ 229.55 +0.30 232.50 182.52 4.28 10.78 AVEVA Grp 295 Natl Grid 3,782
Albemarle Corporation230.89 +14.87 Equifax 225.00 -9.07 Oracle 79.75 -2.36 Amsterdam Anglo American UK p 3579.50 -20.00 3625.00 2350.00 2.02 9.12 Aviva 5,983 NWG 20,020
Alexion Pharmas 182.50 Equinix 671.52 -30.63 O'Reilly 668.28 +21.85 Anheuser-Busch InBev B ¤ 55.86 -0.06 65.86 46.66 0.94 22.70 B&M European 2,454 Next 379
AEX Index 761.50 (+0.00)
Allergan 193.02 Equity Res 86.38 -3.74 Paccar 92.81 -1.72 BAE SYS 3,290 Ocado Gp 1,529
Arcelor Mittal 28.10 -0.97 30.88 18.08 0.92 3.00
Sydney Barclays 41,843 Pearson 2,541
Allstate 123.38 +1.26 Estee Lauder 300.77 -12.58 Parker-Hannifin 300.53 -2.44 ASML Holding Nl ¤ 569.50 -14.60 777.50 422.25 0.50 42.08 Barratt Devs 1,998 Pershing Square 96
Altria 50.37 +0.18 Evrsurce Engy 84.12 -3.62 Paychex 118.91 -1.00 AO 7515.80 (-79.70)
AstraZeneca UK p 8722.00 +72.00 9523.00 6499.80 2.44 103.37 Berkeley 166 Persimmon 756
Amazon 3065.87 -86.92 Exelon 42.13 -1.39 Paypal Hldngs 115.29 -10.79 BP 72,850 Phoenix Gp 994
Amer Elec Pwr 87.65 -1.52 Expedia 192.12 +6.81 PepsiCo 168.58 -3.91 Frankfurt Atlas Copco A Sw Kr 511.20 -14.80 631.00 471.20 1.49 33.52
Brit Amer Tob 5,844 Polymetal Intl 2,239
Amer Express 191.81 +5.96 Express Scripts 92.33 PerkinElmer 180.55 -2.40 DAX 15425.12 (-65.32) Atlas Copco B Sw Kr 449.80 -11.90 534.40 404.90 1.70 29.50 Br Land 1,356 Prudential 3,823
Amer Tower 236.90 -9.53 Extra Space Stor 196.92 -4.54 Pfizer 50.78 -2.22 AXA Fr ¤ 28.42 -0.19 29.09 18.88 5.15 11.96 BT Group 22,734 Reckitt Benck 1,404
Ameren Corp 85.72 -1.16 Exxon Mobil 80.21 -1.20 PG&E 11.26 -0.82 Singapore Bunzl 722 RELX PLC 3,060
Banco Santander Es ¤ 3.48 3.51 2.65 0.81 10.55
American Int 60.74 -0.25 Facebook 219.55 -17.54 Philip Morris Intl 107.96 +4.37 Straits 3428.95 (+0.95) Burberry Grp 1,028 Rentokil Itl 2,358
BBVA Es ¤ 5.97 -0.09 6.29 4.22 1.01 10.58
American Wtr W 149.46 -6.04 Fastenal 51.95 -3.04 Phillips66 93.20 +4.36 Coca Cola HBC 490 Rightmove 1,333
Brussels Barclays UK p 204.90 -3.75 217.63 111.83 1.46 5.64 Compass 2,383 Rio Tinto 4,051
Ameriprise 304.00 -4.10 Fedex 232.21 -11.90 Pioneer Ntrl Rscs 230.88 +3.03
AmerisrceBerg 140.24 +3.63 Fifth Third 48.54 +1.20 PNC Finl 207.36 -2.99 BEL20 4080.41 (+0.00) BASF G ¤ 68.69 +0.13 72.88 57.06 4.93 11.45 CRH 406 Rolls-Royce 21,989
Ametek 130.81 -3.68 FirstEnergy 41.56 +0.20 PPG Inds 149.90 -3.09 Bayer G ¤ 54.12 -0.47 57.73 43.91 3.78 Croda 238 Royal Mail 3,254
Paris DCC 89 Sage Gp 3,246
Amgen 228.20 +6.09 FIS 111.92 -1.84 PPL 28.66 -0.75 BHP Group UK p 2533.50 -61.00 2613.00 1774.56
CAC-40 7011.60 (+0.00) Dechra Pharma 287 Sainsbury J 3,901
Amphenol 75.18 -3.58 Fiserv 97.40 -7.48 Price T Rowe 144.25 -4.45 BMW G ¤ 95.30 +2.53 96.40 68.87 2.04 5.19 Diageo 4,165 Schroders 168
Anadarko Petrlm 72.77 Ford Motor 17.55 -0.41 Priceline.com 1905.64 +20.64
Zurich BNP Paribas Fr ¤ 64.90 -1.66 68.07 44.69 4.20 9.49 Electrocompnts 814 Scot Mtge 1,837
Analog Devices 153.90 -7.13 Freeport-Mcm 42.80 +4.38 Procter & Gmbl 156.29 -5.24 1,773 SEGRO 2,078
SMI Index 12231.97 (-81.19) BP UK p 417.20 +6.50 419.15 254.75
Anthem 447.91 +1.65 Garmin 123.23 -1.53 Progressive Cp 106.20 -2.87 Evraz 61,192 Severn Trent 267
Aon Corp 283.42 -7.89 Gen Dynamics 213.76 +1.47 Prologis 146.31 -7.18 DJ Euro Stoxx 50 4155.23 (-41.84) British Am Tob UK p 3368.50 +99.50 3373.00 2478.00 6.28 12.49
Experian 1,089 8,391
Apple 168.64 -3.75 Gen Electric 96.83 -2.18 Prudential Finl 119.86 +1.52 BT Group UK p 198.70 +0.20 206.70 121.25 19.29 Ferguson 339 Smith & Neph 753
London
Applied Mats 132.49 -3.08 General Mills 68.06 +0.14 Public Serv Ent 65.95 -0.69 Centrica UK p 79.06 +0.02 80.00 45.21 5.73 Flutter Ent 304 Smith (DS) 3,089
FTSE 100 7661.02 (-11.38) Fresnillo 1,719 Smiths 519
Archer Daniels 76.47 +0.76 General Mtrs 48.83 -2.46 Public Storage 358.17 -4.68 Christian Dior Fr ¤ 649.00 -14.50 733.50 449.00 0.95 29.40
Arthur J. Gallagher155.65 -0.63 Gilead Sciences 62.07 -1.83 Qualcomm 164.64 -14.83 FTSE 250 22048.71 (-159.04) GlaxoSmKline 10,731 Smurfit Kappa 333
Compagnie de Saint-Gobain 61.96 -0.85 67.63 41.82 2.17 14.96 Glencore 40,855 Spirax-Sarco 115
AT&T 24.13 +0.05 Global Payments 146.70 +0.91 Realty Income 67.49 -0.70 FTSE 350 4314.19 (-10.45)
CS Group S SF 8.61 -0.02 13.50 8.23 2.78 286.82 Halma 411 SSE 2,207
Auto Data Proc 203.79 -2.46 Goldman Sachs 363.06 -4.54 Regeneron Pharm 638.41 +15.45 FTSE Eurotop 100 3519.73 (-14.31)
Daimler G ¤ 70.16 +0.23 76.80 48.69 1.99 6.29 Hargreaves L 461 St James Place 442
Autodesk 227.13 -14.11 Google Class A 2685.65 -180.21 Regions Financial 24.83 +0.58 FTSE All-Shares 4286.38 (-10.58) Hikma Pharms 303 Stand Chart 6,972
Autozone 1949.11 -69.59 Google Class C CS 2682.60 -177.72 Republic Serv 120.18 -6.28 Danone Fr ¤ 55.39 +0.51 65.30 51.42 7.47 17.62
FTSE Non Financials 5145.47 (-9.90) HSBC 23,854 Taylor Wimpey 11,347
AvalonBay 240.67 -6.63 Grainger (WW) 467.69 -19.99 Rockwell Auto 268.34 -12.34 Deutsche Bank G ¤ 14.40 -0.06 14.64 8.73 16.51 Imperial Brands 2,412 Tesco 22,687
techMARK 100 6407.51 (-13.90)
Baker Hughes 57.68 Halliburton 33.52 +1.58 Rockwell Collins 141.04 Deutsche Telekom G ¤ 17.77 +0.21 18.92 14.60 3.46 15.20 Informa 8,720 Unilever 9,765
Ball Corp 92.44 -1.24 Harris 189.13 -8.09 Roper Inds 437.83 -10.12 Bargains n/a
Diageo UK p 3717.50 -22.50 4364.10 2805.28 1.89 32.78 Intercont Htls 2,190 Utd Utilities 1,114
Bank NY Mellon 62.33 +0.52 Hartford Financial 71.54 +1.02 Ross Stores 94.27 +0.11 US$ 1.3602 (+0.0052) Intermediate Cap 383 Vodafone Gp 78,384
EON G ¤ 12.18 +0.05 12.54 8.27 3.96 7.87
Bank of America 47.92 -0.36 HCA Hldngs 237.57 -1.51 RylCaribbean 83.96 +8.38 Euro 1.1935 (+0.0064) Intl Cons Air 29,951 Whitbread 950
Bard (CR) 331.24 Hershey 205.19 +2.41 Salesforce.com 207.90 -11.33 EDF Fr ¤ 8.40 -0.21 13.25 8.00 2.56 5.16 Intertek 293 WPP 4,464
£:SDR 0.98 (+0.00)
Baxter Intl 85.91 -0.80 Hess 96.20 +0.57 Schlumberger 40.62 +2.11 Enel It ¤ 6.39 -0.04 8.77 6.27 5.74 29.70
Exchange Index 82.71 (+0.29)
BB&T 54.24
Becton Dickinsn 269.98
-0.48
+1.13
Home Depot
Honeywell Intl
350.29 -9.38
186.99 -4.51
Schwab (Charles) 89.11
Seagate Tech 108.71
-2.79
-0.01
Bank of England official close (4pm) Engie (FR) 14.54 -0.03 14.60 10.98 3.73 70.98 European money
ENI It ¤ 13.53 +0.23 13.80 8.63 5.08 32.99
Berkshire Hath 319.14 +4.15 Hormel Foods 47.92 +0.94 Sempra Energy 135.98 -0.29
CPI
RPI
115.05 Dec (2015 = 100)
317.70 Dec (Jan 1987 = 100) Fresenius Medical Care Ag & Co 73.67 -0.85 83.15 63.51 1.99 21.49 deposits %
Best Buy 100.57 +3.74 HP Ent 17.20 +0.36 Sherwin-Williams 273.10 -8.63
RPIX 290.10 Jun (Jan 1987 = 100) GlaxoSmKline UK p 1619.40 -21.60 1696.90 1190.80 4.94 19.02
Biogen Idec 214.59 -6.94 HP Inc 37.33 -0.27 Simon Prop 141.83 -3.35 Currency
Blackrock 772.49 -37.33 Humana 423.97 -5.88 SkyworksSol 133.13 -1.97 Morningstar Long Commodity 677.16 (+5.72) Glencre Xstrata 417.75 -3.30 428.40 263.10 1.04 36.07 1mth 3mth 6mth 12mth
Boeing 212.30 +5.85 Huntington 15.92 +0.09 Southern Co 66.79 -1.90 Heineken NV Nl ¤ 94.50 +0.38 103.80 80.84 0.76 47.08 Dollar
Morningstar Long/Short Commod 4703.45 (+27.75) 0.13 0.20 0.29 0.55
Boston Sci 43.11 +0.34 IBM 132.69 -4.46 S&P Global 387.66 -26.73 Henkel KGaA G ¤ 72.00 +1.60 86.50 65.25 2.60 19.42 Sterling
Bristol-Myrs Sq 66.88 +1.89 ICE Group 125.93 -3.83 Spectra Engy 158.28 +3.26 Henkel KGaA Pref G ¤ 75.62 +1.30 99.50 68.92 2.48 20.40 0.48 0.78 1.25 0.81
Broadcom Ord 573.42 -16.74 IFF 133.84 +6.74 Stan Blk & Dkr 162.85 -3.62 Commodities Hermes Intl SCA Fr ¤ 1202.00 -44.00 1678.00 872.80 0.39 55.37 Euro
Brown-Forman- B 67.19 +0.04 Illinois Tool 217.72 -11.20 Starbucks 93.73 -1.27 0.10 0.15 0.20 0.50
ICIS pricing (London 7.30pm) HSBC UK p 567.20 +5.50 567.20 329.55 2.86 13.66
Capital One Fin 156.00 +5.65 Illumina 330.90 -27.48 State Street 99.17 +0.28
Carnival
Caterpillar
22.04
201.24
+2.08
+2.83
Ingersoll-Rand
Intel
53.32 -1.30
47.63 -0.38
Sthwest Airlines
Stryker
45.53
251.65
+1.87
+0.70
Iberdrola Es ¤
Imperial Tobacco UK p
9.44
1792.00
-0.11
+1.50
11.74
1822.00
8.59
1330.00
4.58
7.60
18.17
6.08
Gold/precious
Crude Oils ($/barrel FOB)
Celgene 108.24 Intuit 535.81 -8.21 SunTrust Banks 70.13
Brent Physical 99.03 +3.19
Inditex Es ¤ 25.75 -0.48 32.85 24.80 0.86 27.11 metals
Centene 83.32 +2.75 Intuitive Surg 283.16 -2.57 Synchrony Fin 43.79 +1.29 ING Nl ¤ 13.41 -0.18 14.00 7.75 0.92 13.10
Cerner 91.97 +0.51 Johnsn & Johnsn 167.71 -3.92 Sysco 82.57 +3.81 BFOE(Mar) 94.56 +3.03 Because of a technical issue, the gold fix
BFOE(Apr) 92.75 +2.59 Intesa Sanpaolo It ¤ 2.85 -0.07 2.92 2.06 1.28 88.30
Chevron 138.81 +2.93 Johnson Controls 66.45 -1.02 Target 211.56 -2.48 prices are from Thursday.
WTI(Mar) 91.42 +2.86 Linde G ¤ 264.60 -7.90 306.00 201.80 1.39 44.05
Chipotle Mex Grill1561.48 +78.04 JP Morgan Chase 153.92 +1.36 TE Connectivity 143.45 -1.17 WTI(Apr) 89.70 +2.44 Bullion: Open $1826.88
Church & Dwight 97.90 -3.08 Kansas City 293.59 Texas Insts 164.40 -7.02 Lloyds Bkg Gp UK p 53.57 +0.17 54.50 36.27 1.06 8.30
L'Oreal Fr ¤ 363.95 -0.05 433.65 302.20 1.13 48.69
Close $1840.48-1840.93 High $1840.68
Cigna Corp 227.50 +6.13 Kellogg 63.85 +2.27 TheKraftHeinz 34.73 -0.02
Cintas 375.53 -6.28 KeyCorp 26.22 +0.05 Thermo Fisher 566.29 -28.13 Products ($/MT) LVMH Fr ¤ 685.00 -21.20 741.60 518.70 0.90 35.64 Low $1821.69
Cisco Systems 53.90 -1.25 Kimberly-Clark 132.33 -0.33 TJX 68.70 -0.48 Munich Re G ¤ 271.75 +0.95 282.25 215.25 3.70 16.35 AM $1832.30 PM $1835.35
Spot CIF NW Europe (prompt delivery)
Citigroup 67.15 +1.07 Kinder Morgan 17.54 +0.19 Tractor Supply Co 219.44 +2.51 Natl Grid UK p 1095.80 +4.80 1105.60 805.40 4.49 25.54 Krugerrand $1821.00-1920.00 (£1339.33-
Citizens Financial 54.47 +0.42 KLA-Tencor 369.23 -8.15 Transdigm Group 638.33 +18.70 Premium Unld 885.00 886.00 +19.00 1412.15)
Nestle S SF 119.70 +1.58 128.94 95.34
CME 241.03 -5.14 Kroger 46.27 +1.50 Travelers 171.76 -0.14 Gasoil EEC 805.25 807.25 +6.75
3.5 Fuel Oil 501.00 501.00 +6.00 Novartis S SF 79.77 -0.38 86.92 73.01 3.88 19.73 Platinum $1026.00 (£754.62)
Coca-Cola 60.29 -0.67 Lab Corp Amer 276.26 -1.22 TSYS 133.27
Cognizant Tech 87.34 +0.52 Lam Research 559.99 -19.08 Tyson Foods 97.99 +9.70 Naphtha 835.00 836.00 +4.00 Orange 10.92 +0.07 10.94 8.93 6.56 32.31 Silver $23.36 (£17.18)
Colgate-Palm 79.53 -1.59 Lennar 91.54 +1.24 Union Pacific 238.81 -3.58 Pernod Ricard NV Fr ¤ 191.70 +1.20 214.50 156.10 2.13 37.51 Palladium $2216.00 (£1629.86)
Comcast 47.62 -1.71 Lockheed Martin 396.19 +6.86 Untd Rentls 312.91 +0.62
ICE Futures
Philips Elect Nl ¤ 29.99 +0.08 50.98 27.94 2.90 26.38 Dollar rates
ConocoPhillips 93.52 +1.65 Lowes Cos 225.91 -3.16 UPS 213.49 -11.30 Prudential UK p 1213.50 -30.50 1598.50 1203.00 0.96 16.87
Consd Edison 84.26 -1.83 LyondellBasell 101.77 +1.55 US Bancorp 58.55 -1.15 Gas Oil Australia 1.3935-1.3936
Reckitt Benckiser UK p 6498.00 +6.00 8020.00 5782.00 2.69 Canada 1.2675-1.2676
Constellation Brs 235.94 -1.39 Marathon Petrol 81.19 +3.00 Utd Health 478.13 -5.04
Mar 843.25-842.75 Jun 782.75-782.25 Richemont S SF 133.15 -1.15 146.10 85.94 1.50 29.58 Denmark 6.5282-6.5287
Corning 41.87 -0.32 Marriott Intl 169.88 +7.14 Utd Tech 86.01 -18.63 Apr 817.75-817.50 Jul 780.00-768.75
Rio Tinto UK p 5732.91 -74.09 6876.26 4354.00 5.88 6.86 Euro 0.8775-0.8775
Costco Whole 509.67 -10.10 Marsh & McLenn 152.21 -1.04 Valero Energy 92.00 +5.30 May 798.75-798.00 Volume: 758992 Hong Kong 7.7992-7.7997
Crown Castle Int 168.88 -11.42 MartinMarietta 379.13 +7.08 VeriSign 214.23 -4.20 Roche Hldgs S SF 378.40 -7.00 427.80 302.00 2.37 23.62
Japan 115.91-115.92
CSX 33.37 -0.93 MasterCard 369.77 -12.43 Verisk Analyt CS 192.91 -4.84 Brent (9.00pm) Rolls-Royce UK p 120.90 -1.82 161.91 86.69 2.64 Malaysia 4.1820-4.1850
Cummins 222.17 -6.43 McCormick 100.75 -0.98 Verizon Comm 53.32 +0.01 Apr 95.00-94.97 July 90.04-89.71 Royal Bank Scot UK p 120.90 -0.45 265.00 100.34 4.96 5.90 Norway 8.8058-8.8078
CVS Caremark 104.24 -4.25 McDonald's 255.16 -4.90 Vertex Pharma 233.89 -8.07 May 93.06-93.04 Aug 88.97-86.00 Singapore 1.3439-1.3440
Shell 2039.00 +20.50 2049.50 16.51 2.71 46.60
Danaher 272.66 -14.97 McKesson 271.19 +5.63 VF Corp 60.74 -2.38 Jun 91.35-91.30 Volume: 2378916 Sweden 9.2661-9.2686
Sanofi-Aventis Fr ¤ 93.83 +0.97 95.16 74.92 3.49 19.91 Switzerland 0.9260-0.9261
Deere&Co 392.67 +23.18 Medtronic 102.99 +0.26 Visa 224.69 -3.70
Delta Air Lines 42.33 +2.48 Merck & Co 76.64 -1.92 Vulcan Mats 187.00 +2.96 LIFFE SAP G ¤ 107.50 -1.80 129.74 100.46 1.76 21.71
Devon Energy 54.11
Digital Realty Tr. 136.29
+1.24
-8.87
Metlife
Microchip
71.03 +2.04
71.33 -1.85
Walgreens Boots 48.70
Wal-Mart 135.33
+0.10
-4.00 Cocoa
Schneider Electric Fr ¤
Siemens G ¤
146.46
141.44
-5.00
-3.24
173.78
156.98
121.40
124.96
1.82
2.54
27.49
21.97
Other Sterling
Discover Financial 124.14 +6.91 Micron 89.76 +8.59 Walt Disney 149.47 +7.45 Mar 1797-1791 May 1797-1796 Standard Chartered UK p 558.00 -8.00 573.60 406.20 1.59 13.58 Argentina peso 144.31-144.32
Dollar General 200.63 -1.73 Microsoft 295.04 -10.90 Waste Mgt 142.64 -2.39 May 1848-1844 Jul 1801-1783
Jul 1881-1845 Sep 1864-1851 Swatch Gp BR S SF 274.80 -0.20 333.90 237.10 1.26 27.79 Australia dollar 1.8945-1.8947
Dollar Tree 137.43 +3.94 Mondelez 66.70 -0.32 WEC Engy 91.21 -3.43
Sep 1864-1851 Swiss Re AG S SF 100.35 -0.35 102.20 77.26 5.90 25.31 Bahrain dinar 0.5091-0.5162
Dominion Res 79.08 -1.10 Monster Bvrge 82.80 -1.49 Wells Fargo 58.31 +1.98 Dec 1831-1825
Dover 160.21 -2.94 Moodys 332.29 -14.59 Weyerhaeuser 41.56 +1.07 Mar 1820-1811 Volume: 74646 Telefonica Es ¤ 4.42 +0.02 4.45 3.52 9.10 2.41 Brazil real 7.0469-7.0510
Dow Chemical 61.09 +0.49 Morgan Stanley 104.57 +0.46 Williams Cos 30.71 +0.13 Tenaris SA It ¤ 11.69 +0.12 11.73 6.96 1.81 16.31
Euro 1.1929-1.1930
D.R. Horton 84.24 +0.22 Motorola Sols 216.00 -19.57 Xcel Energy 66.96 -1.82 RobustaCoffee Tesco UK p 297.10 +0.10 314.03 2.74 3.36 22.76
Hong Kong dollar 10.603-10.605
Dr Pepper Snap 123.66 -0.02 M&T Bank Corp 182.30 +2.74 Xilinx 194.92 -14.10 May 2270-2267 Jan 2180-2095 TotalEnergies 39.69 +0.87 42.19 24.51 6.80 11.36
DTE Energy 116.16 -3.84 Nasdaq OMX 172.37 -6.25 Yum Brands 122.07 -3.20 Jul 2245-2242 Mar 2180-2141 India rupee 102.45-102.45
UBS AG S SF 19.61 -0.14 19.90 13.23 3.50 9.91
Duke Energy 99.75 -4.50 Netflix 391.31 -18.86 Zimmer 116.21 -6.62 Sep 2244-2153 Indonesia rupiah 19460-19460
Nov 2241-2152 Volume: 14459 Unilever NV Nl ¤ 46.66 +1.88 51.05 43.00 2.33 26.39
Eaton 150.66 -0.34 Newmont Mining 63.86 +2.93 Zoetis 198.87 -0.67
Vinci Fr ¤ 102.22 -0.54 103.74 82.94 2.04 25.46 Kuwait dinar KD 0.4099-0.4123
White Sugar (FOB) Vivendi Fr ¤ 11.76 -0.04 12.09 5.27 5.23 10.93 Malaysia ringgit 5.6750-5.6791
London Financial Futures Reuters Oct 478.30-475.40 Vodafone Group UK p 138.90 +0.46 142.74 106.30 5.57 New Zealand dollar 2.0348-2.0364
Dec 485.00-477.60 Volkswagen G ¤ 255.00 +0.20 357.40 179.70 1.93 7.00 Singapore dollar 1.8270-1.8274
Period Open High Low Sett Vol Open Int Mar 506.40-495.10 Mar 484.00-481.50
May 490.10-489.60 May 478.60-474.20 Volvo B Sw Kr 216.85 240.80 182.00 2.95 12.15 S Africa rand 20.490-20.502
Long Gilt Mar 22 120.02 120.40 119.75 119.95 222499 821115
Aug 483.60-477.00 Volume: 55254 Zurich Fin S SF 451.70 +5.60 454.00 352.80 4.44 15.35 U A E dirham 4.9862-4.9889
Jun 22 121.68 121.85 121.68 121.65 478 2290
3-Mth Sterling Mar 22 99.320 99.320 99.285 99.301 3457 269264
Jun 22 99.025 99.045 99.015 99.026 10377 232459
London Grain Futures
LIFFE Wheat (close £/t)
Money rates % Exchange rates
Sep 22 98.885 98.890 98.860 98.866 3885 301735
Mar 215.00 May 221.00 Jul unq Base Rates Clearing Banks 0.50 ECB Refi -0.50 US Fed Fd 0.00-0.25 Bid Change
Dec 22 98.820 98.825 98.790 98.806 7310 347378
Nov 201.25 Jan unq Volume: 615 Australia $ 1.896 +0.01
Mar 23 98.785 98.795 98.755 98.771 8310 229855 Halifax Mortgage Rate 3.59
Canada $ 1.726
3-Mth Euribor Mar 22 100.49 100.50 100.45 100.49 164853 345379
London Metal Exchange Denmark Kr 8.875 +0.04
Jun 22 100.34 100.38 100.29 100.35 245092 523206 Treasury Bills (Dis) Buy: 1 mth 0.370; 3 mth 0.690. Sell: 1 mth 0.250; 3 mth 0.470 Euro ¤ 1.193 +0.01
Sep 22 100.10 100.16 100.06 100.13 226128 515149 (Official) Hong Kong $ 10.608
Dec 22 99.830 99.895 99.800 99.865 151082 525873 Cash 3mth Dec 22 1 mth 2 mth 3 mth 6 mth 12 mth Hungary 421.732 +1.38
Mar 23 99.505 99.580 99.490 99.540 218037 437329 Indonesia 19522.397 -7.15
Interbank Rates 0.4802 0.0000 0.7836 1.2245973 0.0000 Israel Shk 4.402 +0.02
3-Mth Euroswiss Mar 22 100.73 100.73 100.73 100.73 677 31949 Copper Gde A ($/tonne)
Eurodollar Deps 0.11-0.17 0.31-0.38 0.47-0.54 0.78-0.86 1.35-1.39 Japan Yen 157.632 -0.26
Jun 22 100.71 100.72 100.70 100.71 925 29152 10039.0-10040.0 9995.0-10000.0 9605.0-9615.0
New Zealand $ 2.035 +0.01
Sep 22 100.68 100.68 100.67 100.68 710 31355 Norway Kr 11.967 +0.03
Dec 22 100.61 100.62 100.59 100.62 488 22748
Lead ($/tonne)
2288.0-2289.0 2278.0-2280.0 2168.0-2173.0
Sterling spot and forward rates Poland 5.399 +0.06
FTSE100 Mar 22 7561.0 7612.0 7530.0 7600.5 84178 593306 Russia 103.483 +1.93
Mkt Rates for Range Close 1 month 3 month S Africa Rd 20.550 +0.08
Jun 22 7500.0 7500.0 7500.0 7544.5 1 3080 Zinc Spec Hi Gde ($/tonne)
Copenhagen 8.8297-8.8781 8.8754-8.8767 74ds 300ds Sweden Kr 12.587 +0.03
FTSEurofirst 80 Mar 22 5769.0 3672.0-3673.0 3673.0-3674.0 3263.0-3268.0 Switzerland Fr 1.259
Euro 1.1937-1.1873 1.1930-1.1929 91pr 28pr
Jun 22 5752.0 Turkey Lira 18.327 -0.07
Alum Hi Gde ($/tonne) Montreal 1.7219-1.7272 1.7232-1.7234 3ds 11ds
USA $ 1.360
3199.5-3200.0 3179.0-3180.0 2817.0-2822.0 New York 1.3516-1.3608 1.3596-1.3596 3ds 8ds
© 2019 Tradeweb Markets LLC. All rights reserved. Rates supplied by Morningstar
Oslo 11.954-12.014 11.971-11.975 25pr 57pr
The Tradeweb FTSE Gilt Closing Prices information contained Nickel ($/tonne)
Stockholm 12.557-12.652 12.598-12.601 59ds 279ds
herein is proprietary to Tradeweb; may not be copied or 23700.0-23705.0 23370.0-23380.0 21870.0-21920.0 Data as shown is
re-distributed; is not warranted to be accurate, complete or timely; and does not constitute Tokyo 156.72-157.69 157.59-157.60 7ds 38ds for information
investment advice. Tradeweb is not responsible for any loss or damage that might result Tin ($/tonne) 15mth Zurich 1.2540-1.2596 1.2590-1.2591 12ds 50ds purposes only. No offer is made by
from the use of this information. 44185.0-44195.0 43790.0-43810.0 42695.0-42745.0 Premium = pr Discount = ds Morningstar or this publication
the times | Saturday February 12 2022 71
Money
Unit-linked insurance investments
Weekly Yld Weekly Yld Weekly Yld Weekly Yld Weekly Yld Weekly Yld
Sell Buy +/- % Sell Buy +/- % Sell Buy +/- % Sell Buy +/- % Sell Buy +/- % Sell Buy +/- %
ABBEY LIFE CLERICAL MEDICAL INVESTMENT GROUP International 643.50 677.30 +10.30 … Oseas Equity Ord 1860.60 1958.50 +9.20 … Gilts & Fxd Int 608.00 640.00 -8.10 … Squirrel 28.57 30.07 -0.01 …
01202 292373 Narrow Plain,, Bristol BS2 0JH 0117 9290566 Japan 322.50 339.40 +7.40 … Property Init 292.80 308.20 +0.20 … Growth Fund 886.30 933.00 +1.80 … Stag 98.71 103.90 +0.12 …
80 Holdenhurst Road,, Bournemouth Life Funds North Amer 4138.70 4356.50 +48.00 … Property Ord 1045.90 1101.00 +1.50 … International Fd 1270.90 1337.80 +9.40 … Pensions
BH8 8AL Cash 294.88 310.40 … … Perpetual 468.00 492.60 -1.30 … North American 2226.80 2344.00 +16.80 …
Schroders 1479.10 1556.90 +14.40 … Opportunity Fd 867.40 913.00 +4.70 … Bear 119.30 125.60 -0.80 …
American Ser 4 3764.90 3963.10 +28.00 … Dist Acc S2 227.58 227.58 -1.95 … NPI Bull 122.70 129.20 +0.20 …
Custodian S4 603.90 635.70 -1.20 … Fidelity Bal 1220.08 1284.29 +2.61 … Select Mgd 147.80 155.60 -0.30 … 020 7477 5567 Safety Fund 660.00 694.80 -4.80 …
UK Eqty Inc 1540.30 1621.30 -39.50 … UK Equity 954.00 1004.20 +9.60 … Deposit 34.56 36.38 -0.01 …
Equity Ser 4 767.10 807.50 +3.70 … Gilt & Fixed Int 563.61 593.28 -9.35 … 55 Moorgate, London EC2 Gilt Edged 73.16 77.01 -1.55 …
Ethical S4 416.40 438.30 +1.90 … Non Eqty 429.74 452.36 -3.72 … UK Equity Gwth 2224.60 2341.60 +15.30 …
UK Fxd Int 624.60 657.40 -10.60 … Americas 2541.60 2675.40 +20.20 … Owl 141.70 149.20 +0.20 …
European S4 933.10 982.20 -3.20 … Nth American 2963.28 3119.24 -14.34 … Deposit 358.10 377.00 … … SCOTTISH PROVIDENT INSTITUTION
0131 556 9181 Squirrel 46.19 48.62 -0.01 …
Fixed Int Ser 4 947.70 997.60 -12.90 … Property 787.43 828.88 -1.20 … Far East 1684.80 1773.50 +20.10 … Stag 163.10 171.60 +0.30 …
High Inc Ser 4 2557.70 2692.30 +31.40 … UK Gwth 1331.70 1401.79 +7.63 … Pension Fixed Interest 1066.80 1123.00 -13.10 … 6 St Andrews Square, Edinburgh EH2 2YA
International S4 799.20 841.20 +4.20 … With Prof Bd S2 121.70 121.70 … … Aggressive Mgd 4 1003.20 1055.90 -3.70 … Cash 299.50 315.30 … … Pre 1982 Series
Indexed Gilt 954.00 1004.30 -18.60 …
Japan Ser 4 528.10 555.90 +4.00 … With Profits Flex 127.40 127.40 … … Balanced Mgd 3 3949.00 4156.80 +27.60 … Managed 1732.90 1824.20 +6.00 … Equity 927.10 975.90 +0.40 … 3-Way Fund 3073.90 3073.90 +5.20 …
Man Ser 4 2345.50 2468.90 +0.70 … With Profits Reg 393.40 414.20 +0.10 … Cautious Mgd 2 815.90 858.80 -3.90 … Overseas Equity 2340.50 2463.70 +16.00 … Fixed Interest 777.70 818.60 -12.80 …
Money Ser 4 526.10 553.70 … … Gresham
European 1309.80 1378.70 +29.30 … UK Equity 2429.10 2557.00 +29.90 … Index Linked 676.90 712.50 -16.00 …
Prop Fd Ser 4 1057.40 1113.00 … … Pension Funds Far Eastern 3013.30 3171.80 +95.40 … International 1063.90 1119.90 -2.60 … American & Genrl 4692.20 4939.20 +5.90 …
Protected Gth S4 213.80 225.00 … … Cash 334.40 352.00 … … Framlington 258.10 271.70 +0.80 … Managed 915.60 963.80 -2.50 … Capital Fund 2511.50 2643.60 +12.90 …
PEARL Equity Fund 2861.00 3011.60 +14.60 …
European 2057.28 2165.56 +36.45 … Green 996.70 1049.10 -7.20 … The Pearl Centre,, Lynch
y Wood,, Peterboroughg Property 647.00 681.10 … …
Fomerly Hill Samuel Life Assurance Ltd Gilt & Fixed Int 655.59 690.10 -13.86 … International 956.30 1006.60 +16.50 … Fixed Interest 747.80 787.10 -12.60 …
PE2 6FY 01733 470 470 Income 3350.70 3527.10 +49.30 …
Halifax 142.88 150.40 … … Japan 406.50 427.80 +5.40 … Formerly Prolific
Equity Fund 2887.80 3055.90 +12.90 … North Amer 12020.80 12653.40 +162.10 … Inv Equity 5782.00 6086.40 +59.80 … International Gth 3896.20 4101.30 +20.70 …
European Fund 4871.70 5155.30 -16.70 … Nth American 4526.74 4764.99 -27.49 … Adventurous Mg 878.60 924.90 -0.40 …
PP Bal Pens 1240.14 1305.41 +2.40 … Perpetual 566.20 595.90 -1.90 … Inv Managed 3921.80 4128.30 +13.30 … Japan & General 608.10 640.10 -0.50 …
Fixed Intl 1051.10 1112.30 -14.30 … Schroders 2846.70 2996.50 +33.90 … Inv Prop Ac Grs 852.90 897.80 -0.10 … Bal Gwth Mngd 2779.00 2925.30 -7.80 … Managed Bond 3405.00 3584.20 +5.70 …
Income Fund 3193.60 3379.40 -14.40 … PP Caut Pens 404.17 425.44 -1.49 … Cash Fund 542.40 571.00 … …
PP UK Gth Pens 1170.63 1232.24 +6.12 … Select Mgd 158.90 167.30 -0.30 … Inv Prop Dist 269.90 284.20 … … Money Fund 525.40 553.00 … …
International 2154.30 2279.70 +11.40 … UK Eqty Gwth 3971.00 4179.90 +33.90 … Ret Managed 4692.30 4939.30 +16.90 … Cautious Mngd 413.10 434.90 -3.30 … Property Fund 1340.40 1411.00 +0.70 …
Managed Series A 2209.70 2338.30 +0.20 … PP UK Prop Pens 843.65 888.05 -1.15 … Equity Fund 3725.70 3921.80 -10.10 …
With Profits Reg 701.50 738.50 +0.40 … UK Eqty Inc 2512.60 2644.80 -64.20 … Recovery Fund 2843.80 2993.40 +3.90 …
Managed Units 4019.70 4231.20 +0.50 … UK Fxd Int 1330.80 1400.80 -22.60 … Equity Inc Dist 159.70 168.20 +0.60 …
Money Series A 477.10 504.80 … … With Profits Spec 695.00 731.60 +0.50 … PHOENIX LIFE LTD European 788.10 829.60 -28.20 … WINTERTHUR LIFE UK LIMITED
Money Units 672.00 707.30 … … Edward Pavilion,, Liverpool
p L3 4SL 0151 239 3000 Extra Income Fd 1456.40 1533.10 -2.00 … 01256 470707
Property Series A 1454.60 1539.30 … … COUNTRYWIDE ASSURED LLOYDS TSB LIFE LTD For further fund p
prices p
please ring:
g 0800 731 2031 Far East 2253.00 2371.60 +41.90 … Winterthur Way, Basingstoke RG21 6SZ
Harbour House,, Portway,y, Preston,, Lancs 01634 834000 For further fund prices
p please
p ringg 0800 731 2031 Cash ‡ 285.70 … … …
Property Units 2675.90 2816.70 +0.30 … Fxd Interest Fund 1323.50 1393.20 -22.30 …
PR2 2PR Mountbatten Hse,, Chatham,, Kent Broker Life Funds Cash Inv Pens ‡ 532.70 … -0.10 …
Smaller Cos 3553.00 3759.80 -64.40 … High Income 3005.80 3164.00 +18.30 …
CA Funds 0800 262536 Life Funds Moneyhill Grth 510.43 537.29 +2.58 … International 1278.10 1345.40 -1.50 … Cash Pens ‡ 146.40 … -0.10 …
Deposit Life 220.10 231.60 -0.10 … Equity 1669.30 1757.10 +12.60 … Managed Dist 145.10 152.80 -0.90 … Equity ‡ 1403.90 … -0.30 …
Formerly Target Life Assurance Co Ltd Equity Inv Pens 9011.20 9485.40 -47.10 …
Deposit Pen 307.70 323.80 -0.10 … Managed 3780.40 3780.40 +14.40 … Lifestyle Bond Funds (Post 29/1/01) North American 3767.90 3966.30 +9.70 …
Deposit 355.90 374.60 … … Intl Life 967.00 1017.80 +8.60 … Income 3360.20 3537.10 +11.80 … Property Fund 975.60 1027.00 -0.10 … Equity Pens Cap 2373.80 2498.80 -14.10 …
Financial Ser 1 255.10 268.50 … … Intl Pen 1345.80 1416.60 +14.50 … Managed Inv 1973.10 2076.90 +7.30 … Cautious Mgd 262.80 262.80 … … Technology 7390.60 7779.60 +7.50 … Fxd Int ‡ 1003.90 … -7.20 …
Fixed Interest 703.20 740.30 -9.60 … Mgd Life 812.40 855.10 +1.20 … Deposit 150.00 150.00 … … UK Mid Cap 3759.40 3957.30 +3.40 … Fxd Int Inv Pens ‡ 2451.20 … -12.30 …
Managed 2187.80 2302.90 -0.90 … Mgd Pen 1218.60 1282.70 +2.30 … Equity 263.30 263.30 +3.60 … Fxd Int Pens Cap ‡ 677.60 … -3.30 …
Mngd Growth 802.90 845.10 +4.20 … Life Funds-Series Two-Current Series Equity Inc 289.50 289.50 +4.00 …
UK Eqty Life 814.30 857.10 +10.70 … Henderson Investment Bonds Idx Lk Inv Pens ‡ 1479.60 … … …
Property 861.40 906.70 … … UK Eqty Pen 1061.30 1117.10 +17.20 … American 3252.90 3424.10 -21.70 … European 349.20 349.20 +5.20 … Idx Lk Pens Cap ‡ 408.40 … -0.40 …
TSB Intl 1529.70 1610.20 +8.00 … Balanced 2543.80 2677.70 +1.00 … Eurotech 90.10 90.10 -0.20 … Deposit Fund 368.50 387.90 … … Key ‡ … … -4.30 …
CWA Series Funds 0870 600 0014 Cash 412.80 434.50 -0.10 … Far East 435.40 435.40 +4.40 … European Fund 1292.80 1360.90 -46.30 … Managed 1368.00 1440.00 -11.50 …
European Gth 882.20 928.60 +7.80 … Fixed Int 230.90 230.90 -3.00 … Far East Fund 2213.90 2330.50 +41.20 … Mngd Inv Pens 3733.00 3929.50 -37.90 …
AEGON SCOTTISH EQUITABLE
Q Equity Fd 1737.20 1828.60 +0.30 … Fixed Interest 896.80 944.00 -16.00 … FTSE All Share Tkr 287.40 287.40 +2.70 … Fixed Interest 64.30 67.70 -1.10 …
08456 100010 Mngd Pens Cap 984.00 1035.80 -10.70 …
Glob Cash 362.50 381.60 … … German Growth 1629.80 1715.60 +11.30 … Income Dist I 119.90 119.90 +0.20 … Global Managed 1598.60 1682.80 -4.40 … Pacemaker ‡ … … -8.30 …
Edinburgh Park, Edinburgh EH12 9SE Glob Eqty 3426.40 3606.70 +0.50 … Income 3112.20 3275.90 +10.90 … Income Dist II 119.80 119.80 +0.20 … North America 1678.30 1766.70 +4.40 …
American 2191.41 2306.75 +13.70 … Glob Fxd Int 1526.80 1607.20 -22.80 … Japan Growth 322.00 338.90 +3.40 … International 313.50 313.50 +3.70 … UK Equity Fd 941.10 990.70 +9.60 … ZURICH ASSURANCE LTD
Cash 276.54 291.09 -0.06 … Glob Mgd 2415.20 2542.30 -17.30 … Japan Grth 199.60 199.60 +2.50 … 0845 300 2332 UK Life Centre, Swindon SN1 1EL
Managed Inv 2140.70 2253.30 +8.10 …
Distribution 103.58 109.03 -0.49 … Glob Prop 896.20 943.40 +0.40 … Pacific Basin 1478.90 1556.70 +43.90 … Managed 284.00 284.00 +1.40 … SCOTTISH WIDOWS GROUP Equity 10768.80 11335.60 +111.30 …
Ethical 730.49 768.93 -4.35 … Managed Fd 3018.20 3177.10 -21.60 … Property 1807.20 1902.30 -2.20 … North America 465.40 465.40 +3.70 … PO Box 902, Edinburgh EH16 5BU Managed (1) 1136.40 1196.20 +5.80 …
European 1318.92 1388.34 +12.64 … Property Fd 736.70 775.50 +0.30 … Smllr Cos Recov 5351.30 5632.90 -63.90 … Pacific Grth 695.90 695.90 +5.80 … Managed (2) 863.50 908.90 +4.40 …
Fixed Interest 561.75 591.32 -8.02 … Property 368.60 368.60 +0.20 … Cash Fund 360.10 379.00 … … Managed (3) ‡ 666.00 … +3.50 …
Worldwide Gth 2030.50 2137.40 +10.90 … Equity Fund 2434.70 2562.90 +1.10 …
Global 387.33 407.71 +3.47 … FRIENDS PROVIDENT UK Leader 268.50 268.50 +2.30 … Mangd Gen 4 162.80 171.40 +0.80 …
International 1168.00 1229.47 +10.93 … 01722 413366 UK Smlr Cos 350.60 350.60 -4.20 … Fixed Interest Fd 1099.00 1156.80 -19.60 … Property 2108.70 2219.70 -1.30 …
Castle Street, Salisbury, Wilts SP1 3SH Pension Funds Indexed Stock Fd 878.40 924.60 -21.30 …
Japan 454.40 478.31 +2.74 … With Profits 150.83 150.83 +0.07 … Property (1) 443.70 467.10 -0.40 …
Mixed 1004.63 1057.50 +5.02 … American Pens 1982.90 2087.20 -15.20 … International Fd 2439.70 2568.20 +25.90 … Property (2) ‡ 477.40 … -0.20 …
Cash 321.70 338.70 -0.10 … Inv Cash 546.20 575.00 … …
Pacific 1698.50 1787.90 +51.27 … European 1577.60 1660.60 +3.40 … Cash Pen 310.30 326.60 … …
European Pen 1649.50 1736.30 +17.50 … Other Life & Pension Funds Inv Pol 1 5277.70 5277.70 +16.50 … Pension
Technology 5004.73 5268.14 +45.47 … Fixed Inter Life 765.00 805.30 -11.50 …
UK Equity 974.14 1025.41 +8.69 … Far East Pen 638.90 672.50 +22.80 … Pens Unit W Prof 235.12 247.49 +0.18 … Inv Pol 2 4481.30 4717.10 +13.80 … Managed (1) 1640.30 1726.60 +15.00 …
Index Linked 731.60 770.10 -7.00 … Inv Pol 3 3716.80 3912.40 +11.00 …
Managed 1208.70 1272.30 -3.70 … Fixed Int Pen 663.70 698.60 -15.00 … With Profits Bd 184.46 184.46 +0.11 … Equity Acc 30290.10 31884.30 +351.70 …
FTSE 100 381.60 401.70 +2.90 … Mixed Fund 2029.00 2135.80 +7.30 … Managed Acc 17510.60 18432.20 +109.20 …
ALBA LIFE North American 1232.10 1297.00 +1.60 … Property Fund 1090.40 1147.80 -1.60 …
Overseas Equity 1805.90 1900.90 +2.70 … Managed Pen 1056.20 1111.80 +5.00 … Pensions Solution Funds (Post 6/4/2001) Property (1) 815.10 858.00 +0.40 …
50 Bothwell St,, Glasgow
g G2 6HR Property Pen 1120.50 1179.50 -1.60 … Property (2) ‡ 856.10 … +0.60 …
0141 248 2000 Pacific Basin 600.30 631.90 +4.40 … Balanced Grth 299.50 299.50 … …
Property 742.90 782.00 -0.80 … UK Equity Pen 802.10 844.30 +0.50 … SKANDIA LIFE ASSURANCE CO LTD Property Acc 9688.50 10198.40 +6.00 …
Formerly y Britannia Cash Deposit 159.10 159.10 … … 01703 334411 With Profs (5) ‡ 233.20 … +0.10 …
Life Stewardship 1742.30 1834.00 -0.30 … Equity 271.90 271.90 +4.60 …
UK Equity 1708.00 1797.90 +1.10 … LONDON LIFE Skandia House,, Portland Terrace With Profs (6) ‡ 204.90 … +0.10 …
European 1571.70 1654.40 +4.80 … Equity Inc 298.50 298.50 +4.60 … Southampton SO9 7BX
0117 984 7777 European 414.90 414.90 +7.20 … Share Class 1 - Retail
Far East 655.60 690.10 +5.10 … Formerly London & Manchester Assurance Spectrum, Bond Street, Bristol, BS1 3AL Balanced Acc 947.70 997.50 +4.90 …
Fixed Interest 907.90 955.70 -11.50 … Eurotech 173.80 173.80 +4.40 … Managed (2) ‡ 846.70 … +7.90 …
Deposit 506.00 506.00 … … Far East 540.10 540.10 +6.50 … Equity Acc 2227.30 2344.50 +15.20 …
International 1421.60 1496.50 +10.70 … Equity Ex Cap ‡ … … -0.20 …
Japan
Managed Fund
685.00 721.00
1529.00 1609.40
+5.00
+2.10
…
…
Equity Life ‡
Fixed Interest ‡
…
…
…
…
+0.80
-12.40
…
…
Deposit A
Deposit P
290.50
646.60
305.80
646.60
…
…
…
…
Fixed Int
FTSE All Share Tkr
271.60
322.90
271.60
322.90
-4.60
+3.50
…
…
Global Acc
Property
812.50
580.30
855.20
610.80
-1.20
+0.40
…
… British funds
Money Market 399.50 420.50 … … Fxd Int Ex Cap ‡ … … -2.50 … Equity 4029.00 4029.00 +44.20 … Index Linked 393.70 393.70 -5.70 … Stock Price Wkly Int Yld Grs rd
Gtd Dep Ex Cap ‡ … … -0.10 … Equity A 897.30 944.60 +9.80 … International 382.90 382.90 +5.20 … STANDARD LIFE ASSURANCE CO Outstanding(£) Stock (£) +/– % yld
North America 1401.20 1475.00 +10.60 … Standard Life House,, 30 Lothian Road,,
Equity P 3543.40 3543.40 +48.30 … Managed Grth 316.20 316.20 +1.90 …
Property 1083.90 1140.90 +0.70 … Guaranteed Deposit ‡
Inter Life ‡
…
…
…
…
-0.10
+2.30
…
… Fixed Int A 554.30 583.50 -6.80 … Pens Protector 329.60 329.60 -10.00 … Edinburgh EH1 2DH 0131 225 2552 Index-linked
UK Equity 2604.60 2741.70 +20.20 … 109.64 106.12 Tr IL 1Y% 22 106.41 – .11 1.81 –6.15
Intl Ex Cap ‡ … … +0.20 … Fixed Int P 2084.30 2084.30 -32.70 … Property 480.50 480.50 +0.30 … Cash 435.40 458.40 … …
Fixed Interest 1301.40 1301.40 -15.90 … UK Leader 291.10 291.10 +3.10 … 372.96 354.43 Tr IL 2K% 24 * 363.54 – .44 1.49 –2.83
Prop Ex Cap ‡ … … -0.30 … Equity 4615.50 4858.50 +57.30 … 111.98 107.79 Tr IL 0V% 24 107.79 – .23 … –3.42
Pensions Prop Life ‡ … … -0.80 … Index Stock A 744.30 783.50 -14.50 … Unitised W Prof 197.59 197.59 +0.15 … European 966.90 1017.80 +15.40 …
Index Stock P 1412.50 1412.50 -34.60 … 120.56 112.94 Tr IL 0V% 26 112.94 – .30 … –2.83
Equity 1834.00 1930.50 +16.40 … Far East 567.70 597.60 +7.80 … 135.63 125.50 Tr IL 1N% 27 125.50 – .43 1.09 –2.79
European 2000.80 2106.10 +7.40 … FP Life Assurance ex NM Indexed Stock 990.20 990.20 -19.30 … PRUDENTIAL INDIVIDUAL LIFE FUNDS Fixed Interest 1193.10 1255.90 -17.50 …
International 1445.20 1445.20 +10.20 … 130.64 120.49 Tr IL 0V% 28 120.49 – .44 … –2.74
Far Eastern 544.70 573.30 +5.20 … American 3317.00 3491.60 +4.10 … 0345 601601 Index Linked 905.60 953.30 -15.70 … 132.52 121.86 Tr IL 0V% 29 121.86 – .41 … –2.65
Fixed Interest 961.20 1011.80 -15.60 … International A 866.80 912.50 +6.10 … 55 King's Road, Reading, RG1 3AH International 2888.80 3040.90 +22.30 … 141.65 129.24 Tr IL 0V% 31 129.24 – .49 … –2.58
Deposit 540.00 568.40 -0.20 … International P 1921.10 1921.10 +15.60 …
International 1241.10 1306.50 +11.30 … European 3848.60 4051.20 +8.20 … Euro Fund 1683.90 1772.60 +40.30 … Managed 3176.40 3343.60 +15.10 … 402.06 366.57 Tr IL 4V% 30 * 376.64 –1.17 1.71 –2.50
Japan 349.00 367.40 +2.90 … Mixed 2436.80 2436.80 +9.70 … Nth American 1102.80 1160.90 +0.80 … 161.90 146.73 Tr IL 1N% 32 146.73 – .57 0.85 –2.50
Fixed Interest 1600.80 1685.00 -24.20 … Mixed A 768.80 809.30 +3.00 … N American Fd 1981.90 2086.20 -2.00 …
Managed 1090.90 1148.30 +1.90 … Income Acc 4120.30 4337.20 +52.40 … Strategic Fund 644.30 678.20 -11.00 … Property 940.50 990.10 +0.30 … 160.29 144.78 Tr IL 0O% 34 144.78 – .57 … –2.41
Money Market 471.20 496.00 … … Mixed P 2448.50 2448.50 +10.70 … 324.74 284.82 Tr IL 2% 35 * 298.13 –1.11 0.82 –2.31
Income Dist 748.40 787.80 +9.50 … Property 774.00 774.00 … …
North America 2073.30 2182.40 +18.00 … International 1797.40 1892.00 +2.60 … Pensions (Series 4) 161.43 143.91 Tr IL 0V% 36 144.33 – .53 … –2.37
Property 981.00 1032.60 +0.70 … Property A 332.50 350.00 … … Scottish Amicable Life Fds (First Series) 186.89 166.58 Tr IL 1V% 37 166.85 – .59 0.71 –2.35
Managed 2708.50 2851.10 -8.50 … Property P 593.90 593.90 … … Cash ‡ 133.30 … … …
Mixed 1776.00 1869.50 -17.90 … Cash Fund 530.80 558.80 -0.10 … 169.23 149.81 Tr IL 0V% 39 150.17 – .60 … –2.26
Equity ‡ 247.80 … +3.10 … 186.19 162.72 Tr IL 0X% 40 164.83 – .62 … –2.26
AXA SUN LIFE Property 2097.40 2207.80 -2.20 … Equity Fund 6611.40 6959.30 +45.50 … European ‡ 293.00 … +2.60 …
MERCHANT INVESTORS ASSURANCE CO LTD Fixed Interest 1472.20 1549.70 -18.00 … 180.53 153.83 Tr IL 0V% 41 158.19 – .59 … –2.24
PO Box 1810,, Bristol BS99 5SN Singapore & Mal 1362.60 1434.30 +16.80 … Far East ‡ 303.10 … +3.70 … 199.86 170.46 Tr IL 0X% 42 174.48 – .69 0.36 –2.19
Tokyo Fund 1134.40 1194.10 -4.70 … St Bartholomews House,, Lewins Mead Intl Fund 2787.30 2934.00 +45.40 …
AXA Assurance - 02476 235500 Bristol BS1 2NH Fixed Interest ‡ 260.30 … -5.30 … 188.86 158.61 Tr IL 0V% 44 163.50 – .59 … –2.11
Sun Life - 0117 989 3000 UK Equity 2368.10 2492.70 +1.40 … Managed Fund 3410.10 3589.50 +22.40 … Index Linked ‡ 361.30 … -6.00 … 196.96 163.05 Tr IL 0V% 46 169.24 – .61 … –2.07
AXA Equity
q y & Law - 02476 235400 Far East 797.70 839.70 +11.80 … Property Fund 1239.60 1304.90 +1.10 … International ‡ 363.90 … +2.20 … 229.64 190.09 Tr IL 0O% 47 196.67 – .75 0.39 –2.07
Life Assnce - AXA Equity & Law Series 6. 1% AMC Friends Prov (London & Manchester) Ass Ltd Fd Gilt Edged 1647.20 1733.90 -36.10 … Managed ‡ 294.40 … +0.80 … 209.00 169.38 Tr IL 0V% 48 177.39 – .67 … –2.06
Balced Ser 6 2699.30 2841.40 +18.00 … Capital Gth Acc ‡ … … +10.90 … Interest Fund 561.90 591.50 -0.10 … PRUDENTIAL LIFE FUNDS Nth American ‡ 422.90 … +0.50 … 232.71 187.79 Tr IL 0K% 50 197.06 – .73 … –2.04
Distribution Ser 6 104.10 109.60 +0.20 … Flexible Acc ‡ … … -5.70 … Intl Equity 2099.40 2209.90 +12.00 … 01786 448844 Property ‡ 296.20 … +0.10 … 231.36 183.97 Tr IL 0N% 52 193.58 – .77 … –2.00
Europe Ser 6 2007.40 2113.00 +21.50 … Flexible Cap ‡ … … -1.40 … Managed Fd 1297.30 1365.60 -2.30 … PO Box 14962,, Craigforth,
g , Stirling,
g, FK9 4ZD Stock Exchange ‡ 368.50 … +3.00 … 306.14 243.63 Tr IL 1N% 55 255.40 –1.00 0.54 –1.97
Higher Inc Ser 6 4963.70 5225.00 +31.50 … Inv Trust Acc ‡ … … -63.50 … North American 836.60 880.60 +9.50 … Others 248.27 192.25 Tr IL 0V% 56 203.45 – .88 … –1.94
Property Ser 6 1810.10 1905.40 +0.30 … Inv Trust Cap ‡ … … -12.50 … Property 1432.30 1507.70 +0.80 … 256.47 196.27 Tr IL 0V% 58 208.47 – .94 … –1.94
UK Equity 1118.10 1176.90 +14.20 … BonusBond 254.70 268.10 +0.50 … SUN LIFE OF CANADA
UK Equities Ser 6 4000.30 4210.90 +39.20 … Moneymaker Acc ‡ … … +3.00 … Basingview,
g , Basingstoke,
g , Hants RG21 2DZ 297.03 223.37 Tr IL 0W% 62 238.53 –1.15 … –1.91
Cap Gteed Bd 390.40 410.90 +1.20 … 309.47 224.55 Tr IL 0V% 65 243.08 –1.26 … –1.94
Prud Inher Bd (Cap) ‡ … … -0.10 … Dealing: 01256 841414
MGM ASSURANCE 335.00 240.40 Tr IL 0V% 68 261.78 –1.62 … –2.00
Life Funds - Sun Life (inc Birmingham Midshires)& AXA Assurance 1% AMC GUARDIAN Prud Inher Bd (Inc) ‡ … … +0.20 … Equity Account 7422.00 7422.00 +53.10 … 395.45 297.49 Tr IL 0V% 73 301.38 –1.98 … –2.07
01253 733151 MGM House,, Heene Road,, Worthing g
Cash Acc 469.70 494.40 -0.10 … Ballam Rd, Lytham St Annes, Lancashire FY8 4JZ BN11 2DY 01903 836000 Equity Fund Acc
Equity II
2813.50 2961.50
6599.90 6947.20
+19.90
+45.50
…
…
Longs (Over 15 years)
Deffrd Dist 743.00 782.10 +0.70 … Scottish Amicable Life Fds (First Series) 149.24 132.72 Tr 4N% 36 132.72 – .23 3.20 1.64
Deposit 433.70 456.50 -0.10 … Deposit 114.48 120.50 -0.08 … Fixed Int Fd Acc 923.30 971.80 -15.70 …
Distribution Fund 382.40 402.50 +0.50 … Deposit Acc 368.73 388.14 -0.01 … Cash 371.40 390.90 … … 113.52 100.92 Tr 1O% 37 100.92 – .17 … 1.68
Equity Life 4600.00 4842.10 +23.00 … Equity 2570.20 2705.50 +17.80 … Growth Acc 8810.00 8810.00 +63.10 … 164.31 145.53 Tr 4O% 38 145.53 – .25 3.26 1.64
Equity Acc 5850.20 6158.10 +57.40 … Fixed Interest 387.54 407.93 -3.32 …
European 690.40 726.70 +2.50 … Fixed Interest 1078.40 1135.20 -13.10 … Indx-Lnkd Scs Acc 846.60 891.10 -16.70 … 103.54 91.61 Tr 1V% 39 91.61 – .17 … 1.70
European 948.00 997.90 +10.10 … Fixed Interest Acc 1252.02 1317.92 -20.85 …
Fixed Interest 1900.30 2000.30 -29.20 … Index-Linked 821.20 864.40 -20.30 … Managed Account ‡ … … +25.50 … 157.29 139.51 Tr 4N% 39 139.51 – .25 3.05 1.65
Far Eastern Acc 2395.10 2521.10 +42.90 … Managed 483.36 508.80 -9.19 …
Index Linked 715.80 753.50 -9.90 … International 1986.50 2091.00 +32.50 … Managed IV 4124.70 4341.70 +22.40 … 159.85 141.51 Tr 4N% 40 141.51 – .26 … 1.67
Fixed Int Acc 1075.70 1132.30 -12.40 … Managed Acc 1589.67 1673.34 -9.56 …
Inter Life 2758.80 2904.00 +9.90 … Managed 2082.00 2191.60 +13.80 … Mngd Fund Acc 1789.00 1883.10 +10.00 … 106.42 92.45 Tr 1N% 41 92.45 – .21 … 1.70
Global Eqty Acc 2622.20 2760.20 +41.30 … Property 250.17 263.34 -0.42 …
Managed Life 2777.30 2923.50 +4.60 … Property 1223.20 1287.60 +1.10 … Money Fund Acc 338.20 356.00 … … 147.71 128.64 Tr 3N% 44 128.64 – .15 … 1.68
Japan Acc 382.20 402.30 +5.60 … Property Acc 933.48 982.61 +0.33 …
North American 1417.60 1492.20 +5.10 … Pens Equity 1855.40 1953.00 +16.00 … 169.96 149.47 Tr 4K% 42 149.47 – .29 3.01 1.67
Managed Acc 3307.80 3481.90 +22.00 …
Pacific 855.80 900.90 +3.00 … Pens Fixed Int 1186.70 1249.10 -20.20 … 154.93 134.48 Tr 3K% 45 134.48 – .15 … 1.68
North Amer Acc 3066.10 3227.50 +50.20 … The M & G Series
Prop Life 1055.20 1110.70 +1.80 … NAT WEST LIFE ASSCE LTD Pens Guarantee 1432.80 1508.20 +1.40 … 175.82 152.01 Tr 4N% 46 152.01 – .18 2.80 1.68
Pacific Acc 1822.80 1918.70 +37.10 …
PO Box 886, Trinity Quay, Bristol BS99 5LJ Amer Bond Acc 1351.10 1418.80 -21.40 … Pens Indx-Lnkd 1077.30 1134.00 -21.00 … 99.79 84.05 Tr 0Y% 46 84.05 – .12 … 1.69
Property Acc 1381.60 1454.30 +0.20 …
HALIFAX LIFE LTD Growth Mgd Pens 588.08 619.04 +2.00 … Deposit Bond Acc 522.90 549.10 … … Pens Intl 1382.30 1455.00 +27.70 … 114.76 96.69 Tr 1K% 47 96.69 – .08 … 1.66
PO Box 285,, York YO1 1YB 01904 611110 Equity Bond Acc 5266.40 5529.80 +36.20 … Pens Mngd Acct 4695.80 4942.90 +33.00 … 122.26 102.40 Tr 1O% 49 102.40 – .08 … 1.64
BARCLAYS LIFE ASSURANCE CO LTD Life Funds Euro Smlr Cos 209.30 219.90 -21.90 … Pens Money 431.80 454.50 -0.10 … 185.65 158.12 Tr 4N% 49 158.12 – .15 2.69 1.64
0845 603 5000 NORWICH UNION LIFE INSURANCE Pens Property 1933.70 2035.40 +1.00 … 95.59 77.46 Tr 0X% 50 77.46 – .07 … 1.61
Balanced 101.32 106.65 +0.41 … SOCIETY - Ex NUAM Funds European Bd Acc 1999.10 2099.20 +31.90 …
Level 12, 1 Churchill Place, London E14 5HP Extra Yld Bd Acc 4494.70 4719.50 +0.60 … Pers Pens Acct ‡ … … +71.20 … 220.50 175.21 Tr 0V% 51 184.88 – .74 … –2.01
Deposit 36.08 37.98 … … PO Box 140,, Norwich NR3 1PP 111.21 90.97 Tr 1N% 51 90.97 – .08 … 1.64
500 Accum 1449.34 1525.62 +7.25 … Foundation 105.52 111.07 +0.36 … Gbl Basics Bd Acc 1161.30 1219.40 +16.90 … Prop Fund Acc 1519.70 1599.60 +0.60 …
01603 622200 180.27 151.07 Tr 3O% 52 151.07 – .12 … 1.62
America Acc 2810.16 2958.06 +3.40 … Opportunity 120.29 126.62 +0.82 … Gilt Bond Acc 1173.70 1232.50 -14.30 … 120.44 98.01 Tr 1K% 53 98.01 – .10 … 1.58
Comb Inc Acc 2761.94 2907.31 +4.49 … Deposit Fund 604.27 636.08 -0.02 … High Yield Bond 499.60 524.70 +2.90 … TESCO PERSONAL FINANCIAL LIFE LTD
Eqity Fund 15800.37 16631.97 +104.08 … 124.61 100.79 Tr 1X% 54 100.79 – .10 … 1.59
Equity Acc 3877.72 4081.81 +19.06 … Pension Funds Index-Lnkd Gt Bd 375.60 394.40 -6.10 … 0845 845 5555 205.69 169.56 Tr 4N% 55 169.56 – .24 2.51 1.58
Far East Gwth 1298.12 1366.44 +36.35 … Fixed Int Fd 1941.41 2043.59 -21.73 … International Bd 5621.10 5902.20 +88.10 … PO Box 23042, Edinburgh EH3 8YG
Balanced S2 104.17 109.65 +0.49 … Higher Inc Plus 238.02 250.55 -2.78 … 132.79 105.36 Tr 1O% 57 105.36 – .17 … 1.55
Gilt 2 Init 263.21 277.06 -4.63 … Japan Bond Acc 447.60 470.10 +6.60 … Balanced Growth 300.50 300.50 +1.00 … 213.01 171.87 Tr 4% 60 171.87 – .25 … 1.51
Gilt Edged Acc 1024.88 1078.82 -17.34 … Deposit S2 41.68 43.87 … … Intl Fund 1291.68 1359.67 +6.47 … Japan Sm Cos Acc 235.80 247.70 -3.80 …
Foundation S2 105.85 111.42 +0.42 … Intl Growth 442.60 442.60 +6.80 … 96.16 71.01 Tr 0K% 61 71.01 – .13 … 1.47
Inter 2 Init 502.37 528.81 +3.89 … Managed Fund 6524.84 6868.25 +26.33 … Managed Bond Acc 3788.40 3978.00 +24.80 … 173.16 133.60 – .25 … 1.45
Opportunity S2 120.53 126.87 +0.96 … UK Growth 279.90 279.90 +1.60 … Tr 2K% 65 133.60
International Acc 1954.79 2057.67 +16.43 … Property Fd 2634.12 2772.76 +3.97 … Prop Bond Acc 1718.20 1804.20 +1.60 … 219.03 169.11 Tr 3K% 68 169.11 – .35 … 1.45
Japan Acc 449.69 473.36 -0.42 … Rec Bond Acc 3529.90 3706.50 +27.00 … 149.85 108.78 Tr 1X% 71 108.78 – .32 … 1.38
INVESCO FUNDS MGMT LTD WINDSOR LIFE ASSUR CO LTD
Managed 2 Init
Managed Acc
588.28 619.24
2281.37 2401.44
+0.56
+3.71
…
… Alban Gate,, 14th Flr,, 125 London Wall,, Lond
Formerly Commercial Union S East Asia Bd Acc 1300.20 1365.30 -20.40 …
01952 292929 Mediums (5-15 years)
EC2Y 5AS 020 7710 4567 Cash 307.80 324.00 -0.10 … Windsor House,, Telford,, Shropshire
p 101.87 99.23 Tr 0O% 23 99.23 – .08 … 1.29
Managed Alpha 1656.89 1744.10 +8.29 … Fxd Int 617.90 650.50 -7.00 … PRUDENTIAL PENSION FUNDS 105.80 101.36 Tr 2N% 23 101.36 – .10 … 1.36
Money Acc 429.73 452.35 -0.12 … Formerly GT Global Fund Mgmt Ltd
Index-Lnkd 778.70 819.70 -17.90 … Scottish Amicable Non Series A 1982 Series 100.23 97.54 Tr 0V% 24 97.54 – .08 … 1.40
Prop 2 Init 267.08 281.13 -0.02 … Plan Far East 554.30 583.40 … … Int Equity 1428.50 1503.70 +7.00 … 103.18 99.20 Tr 1% 24 99.20 – .10 … 1.37
Property Acc 1033.50 1087.89 +0.58 … Plan Wwide 924.50 973.20 -0.10 … 100% Safeguard 155.80 164.00 … … Cash Deposit 327.30 344.50 … …
Managed 1496.60 1575.40 +5.80 … 95% Safeguard 171.90 180.90 +1.80 … 109.74 103.36 Tr 2O% 24 103.36 – .13 … 1.41
UK Growth Acc 1224.07 1288.50 +6.04 … Far East Equity 1703.20 1792.80 +33.10 … 120.13 110.73 Tr 5% 25 110.73 – .14 4.52 1.40
Property 899.70 947.10 +1.20 … Fixed 795.50 837.40 -13.50 …
Univ Tech Acc 853.28 898.19 +7.17 … LEGAL & GENERAL INVESTMENT MGMT UK Equity 1926.50 2027.90 +12.40 … 102.44 97.60 Tr 0X% 25 97.60 – .11 … 1.37
0203 1243000 SAVE & PROSPER INSURANCE AND PENSIONS Index-Linked Fd 825.50 868.90 -19.60 … 108.81 102.11 Tr 2% 25 102.11 – .13 … 1.39
Var Ann (5) ‡ … … +1.20 … Managed 1522.20 1602.40 +2.50 …
One Coleman Street, EC2R 5AA Var Ann Acc (5) ‡ … … +29.80 … St James's House,, 27-43 Eastern Rd,, Romford 99.99 95.25 Tr 0V% 26 95.25 – .08 … 1.36
& AXA Assurance 1% AM RM1 3NH N Amer Equity 2357.90 2482.00 +2.80 …
B Soc Lnkd Init 136.20 143.40 … … 107.42 100.63 Tr 1K% 26 100.63 – .11 … 1.35
Equity 2 Init 993.83 1046.13 +4.22 … Brit Opps Int 221.20 232.80 -3.70 … Customer Helpline: 0845 3000144 Property 571.10 601.20 +0.30 … 106.62 99.39 Tr 1N% 27 99.39 – .08 … 1.37
Formerly General Accident Special Opp 2162.50 2276.30 +2.80 … 127.26 115.89 Tr 4N% 27 115.89 – .11 3.67 1.39
British Opp 798.80 840.90 +7.40 … Bal Inv Fund 361.60 380.60 +0.50 …
Building Soc Linked 283.40 298.30 … … American 1498.40 1577.20 +4.50 … UK Equity 1604.50 1689.00 +8.20 … 98.97 92.78 Tr 0V% 28 92.78 – .10 … 1.39
CANADA LIFE Deposit Fund (2) 640.40 674.10 -0.20 …
01707 651122 Cash 438.50 461.50 -0.10 … Cash Deposit 260.90 274.50 … … Gilt Fund 1645.40 1732.00 -26.10 … 110.10 101.50 Tr 1X% 28 101.50 – .13 … 1.39
2-6 High Street, Potters Bar, Herts EN6 5BA Cash Initial 119.10 125.40 -0.30 … Conv Life 431.60 454.20 … … Global Equity Fd 1611.90 1696.70 +14.20 … Formerly AEGON Life 143.73 129.73 Tr 6% 28 129.73 – .19 4.62 1.41
Equity 4887.10 5144.30 +9.80 … European 1098.50 1156.20 +5.80 … Property Fund (46) 323.80 340.80 … … 99.77 93.72 Tr 0K% 29 93.72 – .13 … 1.45
Cash 320.20 337.00 -0.10 … Balanced 2122.70 2246.30 +3.50 … 104.02 96.03 Tr 0Y% 29 96.03 – .12 … 1.42
Equity Initial 1073.10 1129.60 -14.50 … Fixed Int 518.90 546.10 -5.90 … Fixed Interest 737.80 780.70 -12.40 …
CLife Euro Mgd 1684.00 1772.00 -44.00 … Index-Linked 756.00 795.70 -17.40 … 98.97 91.10 Tr 0W% 30 91.10 – .12 … 1.47
CLife Intl Fd 1662.00 1749.00 -16.00 … Fixed Initial 463.80 488.20 +3.70 … SCOTTISH LIFE INVESTMENTS International 2415.40 2556.00 +12.80 … 141.07 127.11 Tr 4O% 30 127.11 – .19 3.74 1.46
Fixed Interest 1594.90 1678.80 -23.40 … International 893.60 940.50 +12.10 … Money 394.60 417.60 -0.10 …
Deposit Fund 514.50 541.50 … … Japan 412.10 433.70 -0.30 … 0131 225 2211 96.95 88.72 Tr 0N% 31 88.72 – .14 … 1.54
Equity 1174.00 1235.00 -17.00 … Index Linked Gilt 880.10 926.50 -11.40 … 19 St Andrews Square, Edinburgh EH2 1YE Property 1438.60 1522.30 +0.80 … 102.46 94.66 Tr 1% 32 94.66 – .16 … 1.58
Index Lkd 270.30 284.50 +0.60 … Japan Smllr Cos 421.50 443.60 -0.40 … UK Equity 2662.30 2817.30 +39.20 …
Equity Fund 3033.00 3192.00 +13.00 … Managed 756.40 796.10 +2.90 … American 1792.50 1886.90 +23.50 … 140.22 125.49 Tr 4N% 32 125.49 – .23 3.39 1.56
European 1849.00 1946.00 +26.00 … International 2412.30 2539.30 +33.80 … 101.40 92.57 Tr 0Y% 33 92.57 – .19 … 1.59
Intl Initial 537.00 565.30 -6.40 … Pacific Fund 1045.80 1100.70 +15.70 … Deposit 311.20 327.60 -0.20 …
Fixed Interest 1227.00 1291.00 -26.00 … European 2774.70 2920.80 +23.20 … Formerly Crown 149.22 132.49 Tr 4K% 34 132.49 – .24 3.40 1.63
Life Property 1554.20 1636.00 +7.10 … Property 653.30 687.60 +0.90 … 97.55 87.42 Tr 0X% 35 87.42 – .14 … 1.67
Gilt & Fxd Int 631.20 664.40 +5.30 … UK Equity 1103.00 1160.90 +7.20 … Fixed Interest 790.70 832.40 -9.50 … Life Equity Acc 4034.30 4246.70 +20.80 …
Gilt Edged Fd 1503.00 1582.00 -32.00 … Managed
Managed Initial
3198.30 3366.60
770.70 811.30
+1.00
-3.70
…
… Unitised Profit 397.80 418.80 +0.20 … Global Mgd 1457.10 1533.80 +17.40 … Life Fxd Int Acc 932.60 981.60 -15.70 … Shorts (under 5 years)
International 2600.00 2736.00 +20.00 … Index Linked 904.70 952.40 -9.00 … Life High Inc Acc 3260.30 3431.90 +52.10 … 117.13 108.58 Tr 3O% 21 115.83 – .08 … 1.24
Intl Mgd 3509.00 3693.00 +27.00 … Property Initial 349.80 368.20 -0.60 …
Managed 1352.10 1423.30 -6.60 … Life Intl Acc 2923.00 3076.90 +15.70 … 142.92 135.65 Tr 8% 21 141.44 – .10 5.66 1.19
Investment Fd 1466.00 1539.00 -25.00 … Formerly Provident Mutual 100.80 99.88 Tr 0K% 22 99.94 + .01 … 0.65
LINCOLN FINANCIAL GROUP Pacific 1161.50 1222.70 +27.30 … Life Inv Tst Acc 3705.70 3900.70 +24.70 …
Japanese 381.40 401.40 +5.50 … Deposit Initial 89.60 94.30 … … Pen Worldwide 512.20 539.20 +7.90 … Life Managed Acc 2684.20 2825.50 +17.80 … 102.81 100.51 Tr 1O% 22 100.55 + … … 0.76
Managed 1291.00 1358.00 -9.00 … Barnett Way, y, Barnwood,, Gloucester GL4 3RZ Deposit Ord 320.80 337.70 … … 104.31 100.22 Tr 4% 22 100.22 – .03 3.99 0.27
01452 371371 For further prices
p 0800 7315139 Property 1042.20 1097.10 +3.30 … Life Money Acc 471.60 496.40 -0.10 …
Managed Fund 2747.00 2891.00 +6.00 … Equity Init 791.00 832.60 +4.70 … UK Equity 1771.00 1864.30 +6.60 … Life Property Acc 845.90 890.40 +0.40 … 100.23 98.92 Tr 0V% 23 98.92 – .05 … 1.27
ML Intl Fxd Int 697.00 733.60 -0.30 … Life Equity Ord 2875.00 3026.30 +18.70 … 100.26 96.59 Tr 0N% 25 96.59 – .09 … 1.43
Worldwide 444.30 467.70 +5.80 …
Money 531.00 558.90 -0.30 … Aggressive Mgd 4 719.00 756.80 -2.20 … Fixed Int Init 219.00 230.50 -2.60 … 100.41 95.26 Tr 0W% 26 95.26 – .09 … 1.43
Multiple Inv 3493.00 3676.00 +9.00 … Balanced Mgd 3 1733.80 1825.00 +10.20 … Fixed Int Ord 782.10 823.30 -8.80 … Life Funds
* maturities having an eight-month indexation lag.
North Amer 2330.00 2452.00 +12.00 … Cautious Mgd 2 490.90 516.70 -1.90 … I-Linked Gilt Init 289.50 304.70 -6.90 … SCOTTISH MUTUAL ASSURANCE Bear 68.89 72.51 -0.34 …
0141 248 6321 Data as shown is
Property 1020.00 1073.00 +2.00 … European 837.90 881.90 +15.70 … I-Linked Gilt Ord 949.60 999.60 -21.80 … Bull 77.92 82.02 +0.12 …
Property Fund 2012.00 2117.00 … … Far Eastern 1875.70 1974.40 +51.10 … Managed Initial 495.20 521.30 +1.70 … 301 St Vincent Street, Glasgow G2 5HN Deposit 21.81 22.96 -0.01 … for information
UK Equity 4628.00 4871.00 +26.00 … Framlington 215.60 227.00 +0.40 … Managed Ord 1780.70 1874.50 +7.00 … Cash Fund 282.90 297.80 … … Gilt Edged 44.05 46.37 -0.75 … purposes only. No
UK Property 1428.00 1503.00 -1.00 … Green 624.70 657.50 -3.90 … Oseas Equity Init 488.80 514.60 +2.10 … European Fund 2102.80 2213.50 +6.30 … Owl 92.38 97.25 +0.20 … offer is made by Morningstar or this publication
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the times | Saturday February 12 2022 77
Weather
Today A breezy day with showers or longer spells of rain, but staying drier in the southeast. Max 11C (52F), min -1C (30F) 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 Often unsettled and 34 Calm
du=dull, f=fair, fg=fog, h=hail, m=mist, r=rain, (mph) 27 7
sh=showers, sl=sleet, sn=snow, s=sun, t=thunder breezy with showers and Slight 25
*=previous day **=data not available outbreaks of rain, as well Temperature Moderate
Rough
Temp C Rain mm Sun hr* as some brighter periods 28 (degrees C)
6
midday yesterday 24 hrs to 5pm yesterday
6 25
5 S 0.2 1.5
Tomorrow Flood alerts and warnings
Aberdeen
Rain will spread northeastwards over
Aberporth 6 S 0.0 5.8
Britain and Ireland, turning heavy and At 17:00 on Friday there were two 8
Anglesey 8 PC 0.0 5.4 persistent at times, especially over flood alerts in Scotland and no flood 5
Aviemore 2 PC 0.6 0.5 high ground. Drier in northern Scotland alerts or warnings in England or
27
O
and southeastern England at times.
Barnstaple 8
7
S
PC
0.0
0.4
**
**
Wales. Aberdeen
C F n February 3 something
Bedford Max 11C, min -2C 35 95
Belfast 5 S 0.4 3.3
For further information and updates
30 86
quite astonishing
in England visit flood-warning-
Birmingham 8 PC 0.0 **
information.service.gov.uk, for Wales 25 77 happened during a
Bournemouth 8 S 0.0 2.0 6 NORTH severe ice storm in
7 S 0.0 **
naturalresources.wales/flooding and 20 68
Bridlington
for Scotland SEPA.org.uk SEA 15 59 north Texas — the
Bristol 7 S 0.0 2.2
Camborne 8 PC 0.0 3.0 6 10 50
intense cold made trees explode.
8 Edinburgh
Cardiff 7 S 0.0 4.0
9
33 Glasgow 5 41
“We listened to them all night.
Edinburgh 4 S 0.0 4.5 0 32
Eskdalemuir -0 S 0.4 1.6
6 32 -5 23 Sounds like gunshots going off,”
Glasgow 2 S 0.0 4.1
10
-10 14 Lauren Reber, in Princeton, Texas,
Hereford 8 PC 0.2 **
Herstmonceux 9 S 0.0 0.0 ATLANTIC
Londonderry -15 5 told the news station NBCDFW. “All
Ipswich 5 PC 0.0 0.5
Newcastle of a sudden you just hear a great
OCEAN Carlisle
Isle of Man 7 PC 0.0 5.5
Monday Belfast bang and they take out two or three
Isle of Wight 8 S 0.2 ** 5
Jersey 10 S 0.0 0.1 Any lingering rain will clear eastern 9 7 more trees with it.” It is thought that
areas to leave a breezy day with 8
Keswick 5 C 0.4 ** variable cloud, showers and bright or Yorkk the sap in the trees froze and
Kinloss 6 S 0.0 1.1 sunny intervals. Turning drier across created so much pressure that the
42
Leeds 4 C 0.2 ** Ireland before rain arrives overnight.
Lerwick 5 PC 1.1 ** Max 10C, min -3C Manchester Hull
trees eventually shattered.
Leuchars 5 S 0.0 6.1 ooo
Liverpool 6 In the novel Lorna Doone, the
Lincoln 6 PC 0.0 6.3 Galway IRISH 36
7 S 0.4 ** 6
author RD Blackmore wrote about
Liverpool SEA 6 Sheffield
London 9 S 0.0 1.1 Dublin
LLlandudno
trees exploding on Exmoor during
Lyneham 6 S 0.0 2.6 an intensely cold winter. The novel
Manchester 6 S 0.4 4.4
Margate ** ** 0.0 0.0
7 10
Shrewsbury
Nottingham was based on the winter of 1683-84,
8 one of the coldest winters on record
Milford Haven 9 S 0.0 **
i h
Norwich
Newcastle 7 S 0.0 ** 41 6 in England. The botanist John
Nottingham 6 S 0.0 3.9 Birmingham
Orkney 5 S 1.0 0.0 9
Cork
Cambridge Claudius Loudon wrote: “The trunks
Oxford 7 S 0.0 ** 11 of oak, ash, walnut, and other trees,
Swansea Oxford 7
Plymouth 8 PC 0.4 ** were miserably split and cleft, so
Portland 8 S 0.0 ** Cardiff
Scilly, St Mary’s 9 S 0.0 **
Tuesday Channel Islands CELTIC 7 that they might be seen through,
Shoreham 9 S 0.0 0.5 Outbreaks of rain in the west at first
SEA Bristol London and the cracks often attended with
will spread eastwards through the
Shrewsbury 7 S 0.2 6.1 8
Snowdonia 5 S 0.4 **
day, heavy and persistent at times,
Southampton
dreadful noises like the explosion of
particularly over high ground, and 8 fire-arms.”
Southend 7 S 0.0 0.6 followed by bright spells and showers. Exeterr
South Uist 7 S 3.8 ** Max 11C, min -5C 23 Plymouth Brighton The diarist John Evelyn wrote of a
Stornoway 6 S 1.6 1.7
Tiree 7 S 0.8 1.1
great frost fair on the frozen
Whitehaven 2 S 0.4 1.8 8
6 Thames that winter, “the frost
CHANNEL 24
Wick 4 S 0.2 ** 27 continuing more and more severe,
Yeovilton 8 PC 0.0 2.6
the Thames before London was still
11
9 General situation: Showers in Scotland Eng SE Eng, London,
Channel Is, Cen S Eng, leave a breezy day with variable cloud, planted with boothes in formal
The world and Ireland, rain in northwest England E Anglia, E Mids: Most places will be sunny spells and scattered blustery streetes”. Evelyn was also an expert
All readings local midday yesterday
and Wales, drier in the southeast. dry with bright or sunny intervals, showers. Moderate to strong south to on trees and recorded “the trees not
Alicante 14 PC Madeira 21 PC 10 SW Eng, Wales, W Mids, Cen N Eng, although cloud will thicken from southwesterly winds. Maximum
Amsterdam 6 PC Madrid 14 S
only splitting as if lightning-struck,
NW Eng, E Eng, NE Eng, Lake District, the west as the day progresses, 11C (52F), minimum 4C (39F).
Athens 15 S Malaga 16 PC
IoM: A wet start in the northwest then perhaps bringing a few spells of rain Scotland: Rather windy and unsettled but men and cattle perishing in
Auckland 24 DU Mallorca 16 PC
cloud and outbreaks of rain continuing to western areas by the end of the with scattered showers or longer divers places”.
Bahrain 22 S Malta 16 PC Wednesday
Bangkok 32 B Melbourne 20 PC Very mild and unsettled with rain
to spread eastwards through the day, afternoon. Becoming breezy with light spells of rain, as well as a few bright Thomas Barker, a Rutland squire
Barbados 29 PC Mexico City 20 B pushing eastwards, heavy at times, turning briefly sleety over high ground to moderate south to southwesterly or sunny intervals, especially in the and weather diarist, wrote of
perhaps wintry over Scotland and in the north. Moderate to strong south winds freshening later. Maximum afternoon. Moderate to strong south to
Barcelona 16 S Miami 26 PC
followed by showers in the west later. to southwesterly winds, near-gale 7C (45F), minimum 3C (37F). southwesterly winds, near-gale force
another severe winter in 1740:
Beijing 8 S Milan 13 S
Beirut 15 PC Mombasa 31 B
Some southern areas staying drier.
force at the coast. Maximum N Ireland, Republic of Ireland: Cloud over high ground. Maximum “Many walnut-trees were split from
Max 14C, min -1C
Belgrade 14 S Montreal 2 C 10C (50F), minimum 4C (39F). and rain clearing eastwards at first to 9C (48F), minimum -1C (30F). the collar to the root.” In the harsh
Berlin 6 SH Moscow 1 S winter of 1709 two thirds of the
Bermuda 22 C Mumbai 31 S 10
Bordeaux 9 PC Munich 4 PC Tides Noon today LOW 1008 walnut trees across northern Europe
Brussels 7 SH Nairobi 26 PC Tidal predictions. LOW were reckoned to have been killed
Heights in metres LOW 1016
Bucharest 10 S Naples 14 S
13
by hard frosts, which led to dire
Budapest 11 S New Orleans 16 S Today Ht Ht HIGH
Buenos Aires 28 S New York 12 PC 14 Aberdeen 10:51 3.4 23:22 3.4 1024 shortages of timber. Faced with
LOW 1016
Cairo 17 PC Nice 14 PC Avonmouth 03:33 9.6 16:16 9.8 shortages of their favourite wood,
23 M 17 S 1000 1000
Calcutta Nicosia
13
Belfast 08:14 2.9 21:01 2.8 1008
LOW English furniture-makers turned
Canberra 23 PC Oslo -1 S Cardiff 03:26 8.9 16:07 9.2 HIGH
Cape Town 25 S Paris 7 PC 02:09 4.3 14:51 4.2 984 instead to mahogany from the
Devonport
Chicago -1 DU Perth 33 S
Dover 08:04 5.2 20:45 5.3
992 1032 British colonies in the Caribbean
Copenhagen 5 B Prague 5 PC 1000 and British Honduras. The new
Thursday Dublin 08:48 3.4 21:16 3.3
Corfu 15 PC Reykjavik -1 PC
Delhi 19 S Riga 3 C Bright and breezy with variable cloud, Falmouth 02:02 4.0 14:37 3.9
1016
1008
LOW
wood was an immediate success,
sunny spells and scattered showers, Greenock 08:59 2.8 22:14 2.7
Dubai 26 S Rio de Janeiro 25 C
wintry at times and most frequent in
1024
LOW Cold front with its finer grain contributing to
6 B 25 S Harwich 08:23 3.1 21:04 3.2
Dublin
Faro 18 S
Riyadh
Rome 14 PC
the northwest. Some longer spells of
Holyhead 07:47 4.5 20:14 4.5
HIGH LOW Warm front the slender elegance of late
rain possible in the west later. 1024
Florence 12 B San Francisco ** ** Max 11C, min -2C Hull 02:53 5.6 15:28 5.8 Occluded front Georgian and Regency furniture.
Frankfurt 6 SH Santiago 23 S Leith 11:52 4.4 --:-- -- Trough
Geneva 7 PC São Paulo 24 PC Liverpool 08:20 7.3 20:50 7.4
Gibraltar 16 PC Seoul 6 S 5 London Bridge 10:31 5.7 23:09 5.7
Synoptic situation Highs and lows Hours of darkness
Helsinki -2 PC Seychelles 29 PC Lowestoft 06:41 2.1 19:10 2.2 24hrs to 5pm yesterday Aberdeen 17:31-07:11
Hong Kong 20 PC Singapore 28 B Milford Haven 03:10 5.1 15:44 5.2 Low pressure to the northwest Belfast 17:54-07:19
Honolulu 26 PC St Petersburg 0 B of Scotland will push a frontal Warmest: Kew, 9.8C
9 Morecambe 08:33 7.2 21:02 7.3 Coldest: Braemar, Birmingham 17:44-06:57
Istanbul 9 S Stockholm 0 S system and associated rain Aberdeenshire, -8.1C
10 Newhaven 08:11 5.1 20:48 5.2 Cardiff 17:51-07:00
Jerusalem 16 PC Sydney 23 T eastwards across England Wettest: Fair Isle,
Newquay 02:06 5.2 14:39 5.3 Exeter 17:55-06:59
Johannesburg 25 S Tel Aviv 16 PC and Wales, but staying drier Shetland, 4.8mm
Oban 02:51 2.9 15:54 3.0 Sunniest: Leeming, 7.3hrs* Glasgow 17:44-07:16
Kuala Lumpur 30 PC Tenerife 25 PC in the southeast. Meanwhile,
11 Penzance 01:39 4.2 14:09 4.2 Liverpool 17:46-07:04
Kyiv 5 B Tokyo 7 PC scattered showers will affect
20 S 6 D Portsmouth 08:35 3.8 21:14 3.8 Sun and moon London 17:39-06:47
Lanzarote Vancouver Scotland and Ireland, merging For Greenwich Manchester 17:42-07:01
Las Palmas 23 S Venice 8 B Shoreham 07:59 4.7 20:47 4.8 Sun rises: 07.19
The Times weather Southampton 07:10 3.5 19:54 3.6
to longer spells of rain at times. Newcastle 17:36-07:02
Lima 21 S Vienna 8 B Sun sets: 17.09
Another low-pressure system Moon rises: 12.25 Norwich 17:31-06:45
Lisbon 19 PC Warsaw 3 R page is provided Swansea 03:08 6.9 15:43 7.1
to the southwest of Britain will Moon sets: 06.07 Sun Penzance 18:04-07:06
Los Angeles 27 S Washington 13 PC Tees 00:23 4.3 13:02 4.4
18 S 6 PC
by Weatherquest bring further rain tomorrow. Full moon: February 16 Sheffield 17:40-06:58
Luxor Zurich Weymouth 02:55 1.3 15:57 1.3
78 Saturday February 12 2022 | the times
Register
Obituaries
Luc Montagnier
Understated French virologist who shared the Nobel prize for discovering HIV
As a mysterious deadly virus continued Pasteur Institute’s modest laboratories ed her work supporting Aids patients.
to spread, the two scientists who in a Paris side street claimed 1985 that The argument with Gallo reignited in
claimed to have discovered it waged a his US rival was receiving £40 million in the early 1990s when an official investi-
bitter war of intellectual property. funding compared with the Pasteur gation found that Gallo’s discovery of
Luc Montagnier, an unassuming Institute’s £1 million and that Gallo HTLV-III was based on the sample that
French virologist, ultimately won the needed quick results to justify it.“There Montagnier had sent him. Montagnier
battle for recognition over the American has been so much money poured into told a news conference in Paris in 1991:
scientist Robert Gallo when the French- the research that the authorities expect “I think at a certain moment there was
man received the Nobel prize for physi- something in return. It is difficult for a lie”. Gallo was censured for “minor
ology and medicine in 2008 for isolating them to admit that, with our small re- misconduct” by the US Office of Scien-
the human immunodeficiency virus sources, we are getting there first.” tific Integrity. The US National Insti-
that causes Aids. Montagnier’s legal claim against Gal- tutes of Health confirmed in its investi-
Montagnier was focused on cancer lo was settled out of court. Bad feeling gation that the Montagnier’s lab first
research when in 1982 he was asked by continued to simmer and in March 1987 identified the sample and awarded a
Willy Rozenbaum at the Bichat– President Reagan and the French prime higher percentage of blood screening
Claude Bernard Hospital in Paris to in- minister Jacques Chirac arranged royalties to him.
vestigate tissue from the lymph In later years both scientists sof-
node of a gravely ill Parisian fash- ttened their previous stances; Gallo
ion designer, Frederic Brugiere. A aadmitted that Montagnier was the
year before the first medical re- fi
first person to isolate the virus while
ports had emerged of an immuno- M
Montagnier cited Gallo’s vital role in
defiency syndrome that was given m
making the connection between the
the name “gay-related immune vvirus and Aids. In 2002 they agreed
deficiency” (GRID) because it ap- tto collaborate on developing a vac-
peared to infect a disproportion- ccine. It remains elusive.
ately large number of homosexual Such was their rapprochement
men. As patients’ immune systems tthat when Gallo was not mentioned
broke down, lumps would appear in the citation for Montagnier and
around the throat; they would die B
Barré-Sinoussi’s Nobel prize, Mon-
of a range of conditions including ttagnier said that Gallo deserved a
skin cancer and pneumonia. sshare in the award.
Working day and night for three Luc Antoine Montagnier was
weeks with his team, including Pro- b
born in Chabris, France, in 1932. His
fessor Françoise Barré-Sinoussi, fa
father was a public sector account-
Montagnier used DNA sequencing aant and amateur scientist who de-
to isolate a retrovirus — a germ that li
lighted and inspired his fascinated
inhabits the host cell’s DNA and sson by conducting experiments
takes control. He named the new w
with nitroglycerine that “went
retrovirus lymphadenopathy-associat- at- Montagnier at the Past
Pasteur IInstitute
t in bang”. Luc attended the College de Châ-
ed virus (LAV). Montagnier and his Paris, where he isolated HIV, in 1987 tellerault and studied medicine and
team published their findings in Science science at the universities of Poitiers and
in May 1983. He did not identify LAV for Montagnier and Gallo to meet in a Paris before graduating in medicine at
with what was now becoming known as Frankfurt hotel room. Separated by a the Sorbonne in 1960. He worked as a re-
acquired immunodeficiency syndrome table and fast emptying bottle of co- searcher at the Centre Nationale de la
(Aids). However, he did apply to patent gnac, they agreed on a shared patent for Recherche Scientifique in Paris and
his blood screening test for the virus. a blood screening test. Eighty per cent of spent several years in Britain at the Virus
For the common good, Montagnier the royalties would fund a new Aids Research Unit of the Medical Research
sent samples of the virus to Gallo, rec- foundation. The remaining 20 per cent Council at Carshalton, south London,
ognised as one of the world’s leading would be shared between Gallo and and the Institute of Virology in Glasgow.
retrovirologists. Montagnier. The virus was renamed In 1961 he married Dorothea Acker-
In 1984 Gallo published an article in human immunodeficiency virus. man. She survives him along with their
Science in which he claimed to have The Frenchman’s share of the royal- son and two daughters.
identified a virus called HTLV-III, ties helped to fund an Aids research A decade later he began work at the
which causes Aids. The flamboyant Gal- centre at the Pasteur Institute, where Pasteur Institute where in the late 19th
lo basked in a blaze of publicity. At a he would work on formulating the ex- century Louis Pasteur had carried out
press conference in Washington, Mar- act genetic structure of the virus to aid groundbreaking work on vaccination.
garet Heckler, secretary of the US gov- In later years Montagnier was derid-
Wanda Young
ernment’s Department of Health and Eventually he agreed on ed for giving credence to theories such
Human Services, said: “Today we add a as DNA teleportation and homeopathy
new miracle to the long honour roll of a shared patent with his (which is not accepted by the medical
American medicine and science.” Gallo, establishment). He claimed that antibi-
founder of the Institute of Human Virol- bitter rival Robert Gallo otics could treat autism.
ogy at the University of Maryland He was dismissed in 2020 when he
School of Medicine, developed his own
blood screening test to identify the virus
the work of developing antibodies and
other treatments. Montagnier said that
suggested that the coronavirus might
have been deliberately created in a labo-
Frontwoman for the hit group the Marvelettes
and, with the support of the US govern-
ment, gained an exclusive patent in 1985.
HIV was not the only cause of Aids but
that the virus acted like an “arsonist
ratory in China and accidentally es-
caped. Then, earlier this year, mockery
whose life off stage was blighted by tragedies
Suspecting that Gallo had based his starting a fire”. Other bacteria and vi- turned to anger when he claimed that
research on Montagnier’s sample, the ruses “threw petrol on it”, he added. Covid-19 vaccines were counterproduc- When Wanda Young and four other time when the Carpenters recorded the
Pasteur Institute sued the US govern- Over the years Montagnier would tive because they could cause variants of teenage girls from Detroit recorded song in 1975.
ment for breach of intellectual proper- remain a leading HIV/Aids researcher the virus. Please Mr Postman in 1961 their group Young went on to enjoy further hits
ty. The scientific spat caught the and public campaigner. As early as Notwithstanding what some regard- did not even have a name. with the Marvelettes, singing lead on
public’s imagination. On one side was 1985 he was warning that the virus was ed as his later “quackery”, Montagnier After the session was over, Berry Too Many Fish in the Sea, Don’t Mess
the fiery, self-publicising American incubating in heterosexual men and was still venerated for research that the Gordy Jr, who had just started the With Bill and When You’re Young and in
with a reputation for bluntness. On the women. He publicly urged heterosexu- Nobel committee said was “vital for en- Motown label but as yet had no hits, Love, which gave the group its biggest
other was the short, understated als engaged in sexual activity with abling us to understand the biology of decided to release the song as a 45 rpm hit in the British charts in 1967.
Frenchman with precise mannerisms more than one partner not to have un- [HIV] and develop treatments that single under the name the Marvelettes. Despite being Motown’s first chart-
and a neatly trimmed moustache. Men- protected sex. In 1987 he warned that mean that, although there is still no The recording by Young and her toppers, the Marvelettes were soon
tion of Gallo was about the only thing the virus would pose a serious health cure, it is no longer a death sentence.” colleagues gave the fledgling label its eclipsed by the success of the label’s
known to break the composure of Mon- risk in Africa in years to come. A year first No 1 hit in the American charts. An other girl groups such as Martha
tagnier, who was rarely seen out of his later Diana, Princess of Wales, visited Luc Montagnier, virologist, was born on instant pop classic, Please Mr Postman Reeves and the Vandellas and Diana
white lab coat. his laboratory on a visit to Paris. Mon- August 18, 1932. He died on February 8, was covered by the Beatles two years Ross and the Supremes. Yet it could
Montagnier, who worked from the tagnier escorted the princess and laud- 2022, aged 89 later and was a No 1 hit for a second have been so different but for a
the times | Saturday February 12 2022 79
Readers’ Lives
Marriages and engagements New readers
Readers’ Lives
Remembering loved ones
AGNESE SANVITO
Architectural
model maker
used for the In the 1980s Barry tookk hi
his cue
from New York and started to create
larger-scaled models of areas of
Olympic bid
London, such as London Bridge,
Broadgate and Canary Wharf. They
went down well with developers who
could show the context of their
proposed buildings and sell office
space off-plan. He was also one of the
first to invest in computer-aided
seafront. Barry took along another design and laser-cutting machines,
Barry McKeogh, 72 high-quality, intricately designed automating some of the more
model, which became the focal point mundane aspects of model making
It was in the aftermath of the 1990 of a large London stand and it caught and revolutionising the speed of
financial crisis that the model maker the attention of investors, developers, production.
Michael Finbar McKeogh, known as politicians and city thinkers. This time In the 1970s Barry met Joanna
Barry to his friends, rolled the dice it brought together the Square Mile Marbaix, a proofreader at Penguin
that would change his professional and Canary Wharf, areas that, while Books, and they raised four children:
life. When the property industry went in competition at home, presented a Amélie, who is the head teacher of a
into free fall, his model-making united front overseas to compete with junior school; Mary who works for a
business Pipers, which he bought in Berlin, Paris, Amsterdam, Dublin photographic hire business; and Nick
1977 and had grown to 50 employees, and Madrid and the like for and Patrick who, respectively, run the
was in danger of going bankrupt. international investment. events and exhibitions-based
Pipers had hitherto taken By the late 1990s London’s world company New London Architecture
commissions of individual buildings city status was enhanced by further and Pipers.
but Barry’s new “big idea” — one of global investment, as well as the Barry went on to chair the annual
several during the course of his creation of the Jubilee Line extension London Festival of Architecture,
career — was to make a larger-scale and National Lottery funding. The sponsored young architects on trips
model. He invested all his savings into demand for a central London model to Mipim to meet developers and
creating a 1:500 replica of the grew. The first, made of wood, was Barry McKeogh bought the Pipers business when he was 28 and produced backed the London Real Estate
City of London. Its point was built in 1997. large-scale models of London, top right, that developers could show to clients Forum, a London version of Mipim.
primarily to keep his team in work Barry’s later work was used to A popular figure and a bon viveur,
but it also showcased the way the support London’s Olympic and Killaloo, Co Clare, and his father accountancy at South Bank he had time for everyone and took an
City was changing since the big bang Paralympic Games bid. A model of Michael established Mullally’s, one of University in London. However, he optimistic view where others may
of 1986. His timing turned out to be the proposed Olympic Park was taken the largest suppliers of bread in fell for the capital, particularly its have had doubts. London never lost
spot on. by Sebastian Coe to the Athens Ireland. The family were comfortably pubs and clubs, and failed to return to its appeal and one of his favourite
Competition for inward investment Games in 2004 and an updated off and Barry’s mother, Afric (née Ireland. It remained a source of pastimes was to walk through the
between global cities was starting to version of the central London model O’Brien), spent much of her time as disquiet with his parents and the streets of the City of London where
take off and in 1992 the model was was created, extending into East ladies’ captain of the local golf club. family business died out with the he could view its changing skyline. He
used as the centrepiece at the London. An expanded version Barry went to St Finian’s College, death of his father. enjoyed the juxtaposition of the old,
Architecture Foundation’s City was created in 2015 to take in Mullingar, where, along with his older On graduating Barry took a starter such as St Paul’s Cathedral, alongside
Changes exhibition at the Royal development to the west such brother, he was expelled for being role in the finance department of Aer the new, including his favourite, the
Exchange. The exhibition showcased as Old Oak Common, Earls Court caught in an adjacent girls’ school. He Lingus but it was in a subsequent role, wedge-shaped “Cheesegrater” in
21 schemes representing the future of and Wembley. was sent to a Catholic boarding at the construction company Fergus Leadenhall Street.
the City and included proposals by The thrill of London, including its school to “teach him manners”, and and Haines, when he came across its
architects such as Richard Rogers, skyline, never palled for Barry, who excelled at Gaelic football and rugby clients John Piper in Kingston upon
Norman Foster (who had yet to build had been raised in Mullingar, Co union, captaining both teams. He was Thames. The architectural model-
in the City) and Michael Hopkins. Westmeath, and moved to England also the Irish teenage triple-jump making business was in trouble and,
If you would like to commemorate
At about the same time a real estate when he was in his late teens. champion. instantly hooked, Barry grabbed the the life of a relative, friend or
event, Le marché international des He was born in Cork in 1949, the Yet by the late 1960s he was ready chance to take on its debts, change colleague, call 020 7782 5583 to
professionnels de l’immobilier, or second of six children, and hailed for adventure. It was hoped that he the name to Pipers and move it up to discuss the content and cost, or
Mipim, had launched in Cannes in a from a profitable baking dynasty. His would follow his father into the Clerkenwell to be nearer the offices of email: readerslives@thetimes.co.uk.
disused multi-storey car park on the grandfather owned a large bakery in baking trade, and he studied London’s architects. He was 28. thetimes.co.uk/static/terms-and-conditions
Register
newsukadvertising.co.uk 6 020 7782 7553
Births, Marriages and Deaths
REMEMBER that the Sabbath Day Marriages HATSWELL Dorothy Ann (née Sayer)
TATUM
Church is taking
action on racism
belongs to me. You have six days when you died peacefully on 4th February 2022,
can do your work. Exodus 20.8-9 (CEV) MR D. J. MENDEL aged 87. Greatly missed mother of Philip, Michael Jon died peacefully on 15th
AND DR W. H. E. SWEET Stephen and Anne, and grandmother to January 2022, aged 80. Beloved
The marriage took place on 4th January Kate, Andrew, Hannah, James, Beth, husband of Marcia, loved father of
2022 at the Pump House, Battersea Park, George and Lucy. Funeral at All Saints, Nicholas and Hayley and Grandfather
London SW11, between David James Crawley Down, at 1.30pm on 8th March. of Olivia and Archie. He will be greatly
Births Mendel and William Henry Etienne Sweet. Family flowers only. Donations to Kit missed by friends and family. justice report. It was
BLACKFORD on 11th January 2022 to
Edwina (née Reid) and Christopher, a son,
Wilson Trust. Credo presented by Lord Boateng
Angus George Theodore Hamilton, brother Deaths JUDGE Erika (née Leiter) died peacefully WEST Arani Sen who chairs the racial justice
to Margot and Hector. BOSWELL Christopher James on 29th on 8th February 2022, aged 96. John Stephen de la Warr died task force. He described the
January 2022 aged 56, suddenly at home. Much-loved wife of Robert (d 2002), peacefully on 21st January 2022, aged
DAVIS on 25th January 2022 to Rachel Dear son of the late Mr and Mrs James mother of Susan (d 2018) and grandmother 77, at Robertson Nursing Home, failure of the Church of
(née Ross) and Christopher, a daughter, Isla Boswell of Glasgow and Stewarton, brother of Basilio. Private funeral service. Godalming. Beloved husband of England to act meaningfully
Katherine, sister to Nathaniel and Edward. Christine, dearly loved father of
of Margaret and Jeanne, nephew of Alan
LAWSON Russell Edward Mackay died James and Tim.
on its 25 past reports on
and father of Christopher. The funeral will
GORDON-FINLAYSON on 1st February be held at 2pm on Monday 28th February February 1st 2022, aged 78. All enquiries to racial justice as “chilling, it is
CS Boswell on 01865 553737.
2022 to Alice (née Hutcheson) and Peter, a
son, Rupert Robert, brother to Edward.
at South Lanarkshire Crematorium. Funeral at St Nicholas’ Church,
Compton, Guildford, GU3 1EG, on
wounding, it is a scandal, and
L
DUTHIE Sir Robin peacefully on 1st LEE Michael, born 1932, died February Friday 25th February at 11 am. ast week a young it has to be addressed”. It is
MUNDELL on 1st February 2022 to February at Inverclyde Royal Hospital, after 2nd 2022. Author, sociologist and Indian-Sri Lankan time for action, and action
Catherine (née Easton) and Oliver, a historian. His well-researched academic No flowers but, if wished, donations
daughter, Rose Elizabeth Dorah, sister to
a short illness. Beloved husband of Noel
much-loved Dad (and Dad-in-law) to David works were his life long passion. made payable to Macmillan Cancer curate, serving in a means change.
Isla Margaret. and Jan, Peter and Liz and Sue and Mark. Remembered with love Joy, Matthew Support c/o J Gorringe & Son, 55 Hare large west London As the archbishops have
adored (and adoring) Grampa to Gaynor, and Helen Ln, Godalming GU7 3EF. church, came to see made racial justice a priority,
Forthcoming Marriages Michael, Jack, Ria, Gordon and Harry and
me. He came because I was I am hopeful for a national
Great-Grampa to baby Remy. After a
MCCREATH Alistair William passed WHITE Colin died peacefully on 26th
MR H. A. ZANIN private committal, a service of January 2022 aged 89. Much-loved the first Indian priest he had church that is truly for all its
AND MS C. L. BALDWIN remembrance for a long and happy life away on 30th January 2022, aged 73.
The engagement is announced between will be held at Greenock United Reform Beloved husband of Julia, devoted
husband to Joy, father, grandfather and seen in the UK. I found this people. In my book Holy
great grandfather. A family ceremony will
Hernan, son of Dr Adriano Zanin and Church, George Square, Greenock at noon father of Isobel and James, proud
be held at the Memorial Woodlands truly disconcerting. After all, Spirit Radicals I elucidate
grandfather of Alexander and Thomas and
Graciela Galarza de Zanin of Formosa,
Argentina, and Claire, daughter of Dr
on Saturday 19 February to which
friend to many. Funeral in Worcestershire
Bristol. No flowers but donations Indians are visible in most how the first recorded
everyone is warmly invited. Family gratefully accepted by Parkinson’s UK,
Richard and Mrs Jean Baldwin of Hartfield, flowers only please and a retiral collection on 24th February 2022, followed by a
colin-white2.muchloved.com
sectors of society so why are church, in Antioch, had a
East Sussex. will be in aid of Greenock Medical Aid memorial service in London later in the
year. Family flowers only but donations if
we not visible in the church? I very culturally diverse
Society. WHITE Neville Mervyn on 31st January cannot turn on my television leadership, as they set out to
MR J. L. S. DINEEN desired to the BBA in his memory. All
2022 died peacefully at home, aged 89.
AND MISS C. I. B. DE LA POER ELLERBY
enquiries to EJ Gumery & Son. Tel: 01905
Beloved husband of Sheila and father of without seeing a presenter of disseminate Jesus’s Great
BERESFORD 22094
Mark and Charles. He is greatly missed by colour. The church is far Commission, making
The engagement is announced between John, former district valuer and
us all. The cremation will be on Tuesday behind other sectors. disciples of all nations.
Julian, elder son of Mr and Mrs Barry valuation officer for Torbay, died on PELHAM Michael Alan died peacefully at 22nd February 2022 at Easthampstead
Dineen of Totland Bay, Isle of Wight, and 31st of January 2022.
Dearly loved husband of Rosemary,
home on 2nd February 2022, aged 95.
Park Crematorium. Should you wish to Visibility is important. In my own diocese of
Clementine, only daughter of Ms Jilly de la Former choral scholar of King’s College
Poer Beresford of Kingscote, loving and proud father of Phil and Cambridge. Greatly loved by his wife,
make a donation to a charity we care When I was vicar of a church London 40 per cent of those
about as a family, please visit
Gloucestershire. Chris, Grandpa John of Jessica and Lucy, his children Charles and Laura, and
www.memorygiving.com/ in Leeds the congregation recommended for ordained
Adam and Great-Grandpa John of his grandchildren Henry, George and Ava.
LT M. A.I . COSBY RN, Rocco. Private family funeral. Thanksgiving
nevillemervynwhite was transformed from being vocations are from ethnic
AND MISS R. E. M. BISHOP Service at Beaulieu Abbey to be largely white to a diverse mix minority heritage. This gives
The engagement is announced between FENNYMORE Peter, loving and beloved announced. WILSON Enid May (née Gale) on 29th of more than 18 nations. hope to the church. I only pray
Lt Maxwell Cosby RN, son of Capt Richard husband of Jacqueline and father of
Cosby LVO RN, of Wambrook, Somerset, Rupert, died at home in Godalming at the
January 2022, aged 102. Peacefully at Research has shown that that when they look for posts,
Hurstwood View care home. Widow of
and Mrs Catherine Cosby, of Switzerland, age of 72 after a short illness. Peter was PYE Nigel Lindsay died suddenly on Andrew; mother of Helen (Tarnoy), John, growth in cultural diversity is they will not encounter
and Rosanna, daughter of Mr and Mrs 28th January 2022, aged 76, while on
Charles Bishop, of Great Braxted, Essex.
brother to three sisters, Carol, Pauline and
holiday. Beloved husband of Hilary, dearly
Jane (Chandler, deceased) and Tony; a key factor in numerical unconscious bias because of
Janet, brother to John, who died in 2021, grandmother of 13 and great-grandmother
and a lifelong friend and bookselling loved father of Matthew and Alex and a of 29. Funeral at Wealden Crematorium at
growth in the Diocese of their country of origin,
MR N. HARRISON partner of Theo Zinn (1922-2015). Peter was devoted and loving grandpa to Olivia. 11am on 21st February. Family flowers only, London. By being visible, we accents, names and skin
AND MISS A. CRAWFORD not granted the time to read all the books Forever in our hearts. Funeral service will
The engagement is announced between he was expecting to get round to reading. take place in the West Chapel of the
but donations to the RNLI would be
welcome.
become role models; our colour. The report highlights
Nicholas, older son of Mr Michael Harrison His extensive library leaves a memorial to Cambridge Crematorium on Wednesday experiences provide empathy that theological education
and Mrs Elizabeth Harrison of Leeds, and 23rd February at noon. No flowers please,
Anna, elder daughter of Mr Paul Crawford
his insatiable appetite for books. Service on
but donations, if desired, in memory of General Announcements and solidarity. We show other institutions are tackling racial
February 23rd in Surrey and online.
and Mrs Fiona Crawford of Cambridge. J Gorringe & Son Funeral Directors. 01483 Nigel, to the Arthur Rank Hospice PRODUCT-DEVELOPER SEEKING people of colour that church justice proactively, to prepare
416403 Or contact: rupert@fennymore.com (arhc.org.uk). SUPPORT Registered UK patent and leadership, lay and ordained, clergy for ministry in a rapidly
MR A. M. E. GEVARGIZ or 01483 319149.
AND DR G. D. HIGBEE RAMSDEN Ivor Basil peacefully at
trademark owner requires workshop with
adjoining field for prototype testing of
is attainable. changing, diverse nation.
The engagement is announced between GILES Christine Anna Johanna (née von home with his family on 3rd February, air-sport and leisure concept. Inventive From Lament to Action, the People of colour in the
Mr André Michael Edward Gevargiz of aged 92. Dearly loved by his late wife
Bedfordshire, England, and Dr Genna
Alten) on 3rd February 2022, aged 80.
Dearest wife of the late Roy, former head Carola, their children and grandchildren.
step (USP) to build on, also other potent archbishops’ anti-racism church often feel they are
revenue streams. Business and
Doreen Higbee of Ohio, USA. The marriage master of Highgate School. Mother to Family funeral. A thanksgiving service entertainment representation also sought task force report, published hidden figures, as in the film
will take place at Holy Name Cathedral in
Chicago, Illinois, on 26th August 2022. It
Caroline, Andrew (deceased) and Tim. will be held on Friday 25th March at St and hoping to pull in a team of scientific/art last year, highlights “an of the same name. After all,
Correspondence via WG Potter Funeral Mary’s Church Pembroke at 2.30pm. collaborators qua co-writer(s) and a film-
will be presided over by Father Andy Directors Tel: 01297 34283 or All enquiries to J Roberts & Son documentary crew. Willing to exchange
alarmingly retrograde trend” why are so few of us in senior
Matijevic and followed by a reception. axminster@funeraldirectors.uk.com 01646 683115. negotiable percentage(s) of future profit as the number of ethnic positions? A presumption of
for the right arrangement. If you would like minority diocesan bishops incompetence? In April the
to invest in this exciting venture please
email sma1966@hotmail.co.uk with a bit decreased to zero. When Archbishop of Canterbury
about yourself. Serious responses will be John Sentamu retired as conceded that the church had
acknowledged and those selected will Archbishop of York in June routinely “bullied,
receive further information. Thank you.
2020 there were no black or overlooked, undermined and
Acknowledgements Asian church representatives excluded” black clergy and
D. M. We would like to congratulate DM in the House of Lords or laity. He supports radical
on passing his CFA exams! We are very among the other diocesan proposals to name and
proud of all your achievements and are
excited to see what you will do next. From
bishops. Since then Guli address institutional racism.
a very proud Nonna, a handsome Gizmo, Francis-Dehqani has been Without a strategy to root
and all the family. appointed Bishop of out institutional racism, we
Chelmsford. She speaks cannot move forward.
Trustee Acts profoundly from her own From Lament to Action
experiences of persecution in rightly sets ambitious targets,
D'SOUZA PlACIDA TArsItIA
(DECEAsED) Iran. The Church of England such as 30 per cent of those
Late of 28 Westbrooke as the national church is by on senior leadership
Crescent Welling Kent DA16 1PU. default a prophetic voice to programmes to be people of
Died 08 May 2021. All claims under S27
Trustee Act 1925 to Joseph Venance the nation, challenging colour; similarly,
Anthony D'Souza Briar Bank injustice as did the Old representatives to the House
Stonehouse Road Sevenoaks Kent
TN14 7HN by 14 April 2022. Testament prophets. One sole of Bishops and co-opted
voice means there is still a members on to General
long way to go. Synod. This will make UK
Court Circular Two weeks ago two new minority ethnic voices heard.
bishops of colour were On the other hand, the task
consecrated at St Paul’s of one single racial justice
Cathedral — Lusa Nsenga- officer in each diocese will be
Ngoy as Bishop of Willesden rolling a stone uphill, unless
and Malayil Lukose Varghese the whole culture changes.
Muthalaly (known as Saju) as I am hopeful that this is not
Bishop of Loughborough. just another report but there
There was a real sense of must be much more
euphoria. What I noticed was intentionality, so that race is
Kensington Palace the very high number of not marginalised to the back
11th February, 2022
The Duke of Cambridge, President, clergy and lay people of of the drawer, pulled out
United for Wildlife, this morning colour celebrating with them occasionally to air, then the
witnessed the signing of the in solidarity. I hope this is a drawer slammed shut again.
Buckingham Palace Declaration by
Mr Paul Griffiths (Chief Executive turning point. Still, I observe
Officer, Dubai Airports) at Dubai that the visibility of senior The Rev Arani Sen is rector of
International Airport. clergy of colour is largely St Olave Hart Street in the City of
His Royal Highness this afternoon
arrived at Heathrow Airport, London, confined to London and London
from the United Arab Emirates. around, where much good
Ms Genevieve McCarthy and work is going on. Huge
Ms Edwina Iddles were in attendance.
swathes of the nation have no online
St James’s Palace representation. Church of England is warned on
11th February, 2022 On Tuesday the General racism: ‘We will hold your feet
The Earl of Wessex, Royal Honorary
Colonel, this morning held a Meeting Synod of the Church of to the fire’
for The London Regiment. England unveiled a racial thetimes.co.uk
the times | Saturday February 12 2022 83
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The Times Saturday Quiz Olav Bjortomt O Tempora! Crossword CCCXXXII by Balatro
A weekly crossword for the classically minded
ALAMY
7
Clues, which may
be straight or
mildly cryptic,
and what? always lead to
8 9
answers in Latin
17 18
Your
regular
sports
section
inside
Moment of truth
Scotland aim to win France face Ireland Randall gets chance
in Cardiff for first in a potential title to impress at scrum
time for 20 years decider in Paris half for England
2 1GG Saturday February 12 2022 | the times
The Scrum
physicality and skill at international hands on the ball, the damage has
level. Often you see teams playing Pa been done, because it then requires
with much more of one than the ss one or two other players to clear him
other — for instance, South Africa off the ball and there is an imbalance
are at the extreme end of the Tight defence sets up on inside shoulder
in the number of attacking players
physicality scale, and sides such as of forward decoy runners. When scrum against those defending. Shaun calls a “defensive try” because for specific games, so it will be
Scotland a few years ago and, on half moves ball in behind to fly half, Recently, I was on a Zoom call with the defence was the source of the try. fascinating to see what happens in
occasions, Australia were at the skill defenders are blocked from getting the Crusaders in New Zealand, He would certainly have enjoyed that. this battle of Ireland’s attack against
end of that spectrum, but Ireland wide by the decoys talking about the breakdown and I cannot wait to see what happens France’s defence.
were so impressive in mixing the two. sharing some ideas. We agreed that from a tactical point of view. Do How will it go? It will be tight.
I can see the drills Shaun will have 2 OUTSIDE SHOULDER there are three key things you are Ireland change up what they did Remember that Sexton drop-goal to
been doing in training. He will want trying to do when competing against Wales? Have they got win the match in Paris four years
to shut Ireland down in the first three defensively. Number one is to steal something else up their sleeves, ago? It could be that close again,
phases to force them to go into the air the ball. Number two is to try to steal especially with Carbery now there? although Sexton’s absence makes a
AT TAC K
with kicks. The way to do that is to be players, meaning that you force the Will they play to their frontline massive difference. If I had to put my
totally dominant in the collisions, opposition to commit too many runners in the first half and then go money anywhere, simply because
something Wales just could not do. players, as Wales did. And number out of the back in the second half? France are at home, I would go with
Shaun will also have been drilling three is to steal time by slowing the Will Shaun encourage his players to them to reach one of those emotional
the French players to deal with Tight defence starts on outside ball down. be ridiculously aggressive at the peaks again. Ireland were magnificent
Ireland’s attacking formation of three shoulder of decoy runners and when France will surely be mindful of breakdowns in order to compete, or last weekend, but Wales made them
frontline runners, who are forwards, scrum half moves ball to fly half, they these points. One of their tries against will he be more interested in them look that good because of their lack of
with the fly half hiding behind them are able to bounce past decoys and drift Italy was created by a counter-ruck filling the frontline with 14 players? physicality. France will not do that.
for the pass out the back, as is the to cover wide attack from Gabin Villière. That is what You can change those sorts of things They will match them physically.
the times | Saturday February 12 2022 1GG 3
The Scrum
T
he line of contenders to Incidentally, the only game in which
succeed Johnny Sexton as he stayed on the bench was at the
Ireland’s first-choice fly Stade de France, where Sexton landed
half has lengthened over that famous last-ditch drop-goal.
recent years. After Paddy There were enough glimpses of
Jackson came Ian Madigan, and more Carbery’s immense potential, though.
recently there have been auditions by While Sexton was off the pitch at
Jack Carty, Billy Burns and the Byrne Twickenham in the slam-clinching
brothers, Ross and Harry. game, he electrified Ireland’s attack.
Then there is Joey Carbery, who The next season, at Murrayfield, he
wears the green No 10 jersey at the again came off the bench to create a
Stade de France this afternoon. That memorable try for Keith Earls
this is Carbery’s first Six Nations start, through his pace, vision and handling.
more than five years after he made The general expectation was that
his international debut, says as much Carbery would oust Sexton after the
about the 26-year-old’s misfortune World Cup in 2019. But he aggravated
with injury as it does about Sexton’s a pre-existing ankle problem in Japan
enduring excellence. and then suffered a wrist injury. All
In the list of contenders, Carbery told, he went 13 months without
always stood out as the most playing a game and when he did
naturally gifted player, the one with return, the old strut was missing.
the greatest star quality. Today should “Getting back into rugby has been a
reveal whether he can still fulfil his
considerable potential.
One of his advantages was to grow HEAD TO HEAD
up in Dargaville, New Zealand, where
the basic kick-pass-catch rugby skills Drawn 7
were ingrained early, as a fact of
everyday Kiwi life. After his family Ireland France
relocated to Co Kildare, Carbery won 35 58
a Leinster Schools Senior Cup medal
at Blackrock College, the famous
rugby nursery. As preparation for life
in Leinster’s academy, Blackrock was Played
the ideal finishing school. 100
He played at full back in that
Blackrock side, with Hugo Keenan on lot harder than getting over the
the wing. Leinster viewed him initially injury, to be honest, because you’re
as a scrum half. That versatility is one out for so long,” he said.
reason why he suits Andy Farrell’s Farrell kept faith in him, though,
new multi-skill, multi-option game. and in November Carbery kicked the
One highly respected judge three penalties that steered Ireland to
identified fly half as Carbery’s best a 29-20 victory over New Zealand.
position, however. In the summer of “Joey’s got proper balls,” Andrew
2016, Leinster invited Graham Henry, Conway, his team-mate, said.
a World Cup-winning coach with Carbery has surely had enough of
New Zealand, to spend a couple of living in Sexton’s shadow. That was
weeks with them in an advisory the fourth time he had replaced him
capacity. When Henry saw Carbery in in Tests against the All Blacks. Today
action, he turned to Leo Cullen, is his 29th international appearance
Leinster’s head coach, and said: “Well, but only his tenth start. Playmakers
there’s your next No 10.” do not exist to play back-up.
FIXTURES, RESULTS AND HOW THEY STAND The first time that I saw him play He could not be less feisty or
was in October of that year, against further from Sexton temperamentally.
P W D L F A B Pts Fixtures March 11 Castres in the Champions Cup at the When the media tried to elicit some
Today Wales v France 8pm, BBC RDS. The French side featured a sense of apprehension before this
France 1 1 0 0 37 10 1 5
19-year-old Antoine Dupont. If you’d huge test of character and skill, they
Ireland 1 1 0 0 29 7 1 5 Wales v Scotland 2.15pm, BBC March 12 been asked to pick the future World were largely disappointed. “I’m just
Scotland 1 1 0 0 20 17 0 4 France v Ireland 4.45pm, ITV Italy v Scotland 2.15pm, ITV Player of the Year that day, you’d have delighted to be back playing, to be
England 1 0 0 1 17 20 1 1 Tomorrow England v Ireland 4.45pm, ITV chosen the Leinster fly half, for the back out there injury free, to be going
Italy v England 3pm, ITV ease with which he skipped and into such a big game,” he said.
Wales 1 0 0 1 7 29 0 0 March 19 accelerated past attempted tackles. Farrell should also be delighted.
Italy 1 0 0 1 10 37 0 0 February 26 Wales v Italy 2.15pm, BBC A month later, in the week of his Sexton’s absence reduces Ireland’s
Scotland v France 2.15pm, BBC Ireland v Scotland 4.45pm, ITV 21st birthday, Carbery made his Test chances of winning today and
Results England v Wales 4.45pm, ITV France v England 8pm, ITV debut against New Zealand in therefore reduces their grand-slam
Ireland 29 Wales 7 Chicago, appearing off the bench with hopes. But the goal for this group is a
Scotland 20 England 17 February 27 Radio coverage on BBC Five Live and 20 minutes left and guiding Ireland to first World Cup semi-final and for
France 37 Italy 10 Ireland v Italy 3pm, ITV Sports Extra a historic win. It was around that that, Farrell needs more than one
time, only half in jest, that Sexton playmaker. Step forward, Joey boy.
4 2GG Saturday February 12 2022 | the times
The Scrum
E
ddie Jones sounded more J Ignacio Brex 13 J Marchant “We feel that’s the way forward for
like Eddie Hearn as he Benetton Harlequins England and we want to take
named the England team M Zanon 12 H Slade opportunities. We didn’t against
to play Italy tomorrow, Benetton Exeter Chiefs Scotland and that was probably the
doing his best to promote M Ioane 11 J Nowell thing that disappointed me the most.
what should be a routine bout as a Benetton Exeter Chiefs “Joe is a good, strong runner. He
box-office spectacular. England, he P Garbisi 10 M Smith can hit the front line, which we
said, were on a revenge mission, Montpellier Harlequins missed last week. I haven’t seen Jack
desperate to atone for their defeat in S Varney 9 H Randall Nowell look this sharp since 2016.
Scotland last weekend with a brand of Gloucester Bristol Bears [Dombrandt and Smith] have
rugby that would “light up Rome” and D Fischetti 1 E Genge certainly got that understanding. Alex
spark out the Azzurri. Zebre Parma Leicester Tigers runs very good inside balls from
“We can only do that if we are G Lucchesi 2 J George Marcus. He’s got that understanding
really ruthless and if we have that Benetton Saracens of when to do it. They did it in
vision in our head of Muhammad P Ceccarelli 3 W Stuart training today and I’m sure that’s
Ali standing over Sonny Liston,” Brive Bath going to happen on Sunday.
Jones said, referring to that famous N Cannone 4 C Ewels “Dombrandt is not an orthodox
image from the 1965 rematch in Benetton Bath No 8 — he’s a free-running No 8. He
Lewiston, Maine. F Ruzza 5 N Isiekwe reminds me of Bobby Skinstad, as he
Ali won the fight with a first-round Benetton Saracens gets himself into good positions to
knockout, stunning Liston with his B Steyn 6 M Itoje attack. This is the sort of game that’s
“anchor punch” before towering over Benetton Saracens going to have a fair bit of space, so it’ll
his stricken opponent, urging him to M Lamaro (c) 7 T Curry (c) suit him. We think we’ll get a lot of Randall, of Bristol, will
fight on. That was the picture. Liston Benetton Sale Sharks kick returns. It is going to be our start at scrum half in
eventually climbed off the canvas but T Halafihi 8 A Dombrandt main source of possession so we need Rome while Nowell of
he had failed to beat the count and Benetton Harlequins to make sure we are really good And Exeter, inset, returns to
the referee waved off the fight. in the set piece we want to continue the England XV for the
Italy have been floored 33 times in REPLACEMENTS REPLACEMENTS our development of the maul and first time since 2019
E Faiva L Cowan-Dickie
a row in the Six Nations, so a Benetton Exeter Chiefs
scrum we started in Scotland.”
heavyweight contest this is not, but C Traoré J Marler This game gives England a chance
Randall ready to
Jones’s words were more than just a Benetton Harlequins to rediscover the zest that carried
sales pitch to attract new viewers, T Pasquali K Sinckler them through an undefeated autumn,
Benetton Bristol Bears
welcome though they would be. D Sisi O Chessum including a resounding win against
This was a message for his players Zebre Parma Leicester Tigers Australia and a victory over South
because England’s ringmaster needs a S Negri S Simmonds Africa, the world champions, that
Benetton Exeter Chiefs
reaction. The defeat by Scotland was G Pettinelli B Youngs
they pulled from the fire.
England’s fourth in their past six Benetton Leicester Tigers However, England have to expect Care is the fisherman — throwing out
games in the Guinness Six Nations
and the public mood, so buoyant
A Fusco
Zebre Parma
G Ford
Leicester Tigers
not to have things their own way.
Italy are always prised open in the
Bristol Bears’ livewire bait to defences, luring them towards
him and then whipping the ball on
during the autumn, has begun to sink.
L Marin
Benetton
E Daly
Saracens end but can be a tough nut to crack. scrum half will finally the gainline to Dombrandt, the big
Jones conceded his back-line France eventually pulled clear to a catch of the day, on a short line, or
balance did not work at BT Kick-off 3pm, tomorrow. TV ITV 37-10 victory last weekend but led get chance to impress out the back to the No 10 Smith,
Murrayfield, where an array of ball- 11-10 just before the interval. In 2020, coming round into the open waters.
players were unable to out-
Referee D Murphy (Aus). Assistants
A Brace (Ire), C Evans (Wales). England were only 10-5 ahead at the
on big stage in Rome, Randall has the instinct and the
manoeuvre Scotland’s impressive
defence. England danced around a lot
TMO B MacNeice (Ire). interval. England will need patience.
“It is not a festival game,” Jones
says Will Kelleher tap-and-go tempo game to do that
himself. Asked if he has studied the
without ever landing a punch to floor said. In six previous meetings under Quins way, he said: “My natural
I
Scotland, slipping into a pattern of between Dombrandt and Smith. Jones, England have scored 65 per f England are to really “light game has that kind of thing. I
possession without penetration. It was peculiar against Scotland cent of their tries in the second half. If up Rome” — Eddie Jones’s w
want to play with tempo and
Jones has sought to address that by that Dombrandt came on when Smith England are planning a one-two buzz-phrase of the week — I’ll look to do that at the
making six changes for England’s was withdrawn, for the Harlequins combination on the Azzurri, it is the then Harry Randall should be weekend. The No 9-No 10
return to Rome and a promise that pair operate on the same wavelength, bench who are being lined up to leave their firecracker scrum half. partnership is one of
the most inexperienced starting XV the No 8 reading lines and angles off Italy on the canvas. Supporters and pundits the most important
he has fielded in a Six Nations game his fly half as if they have been England have more caps among alike have been eager to on the field so it’s
will be given freedom to play to playing together since they were boys. their replacements (409) than in their see the pocket rocket, 5ft always good to
their strengths. The one missing element from the starting XV (347), with Joe Marler, 8in No 9 dovetail with connect with
As part of the back-line reshuffle, Harlequins model is the presence on Luke Cowan-Dickie, Kyle Sinckler, the born-to-run Marcus, train
Joe Marchant switches to outside Smith’s shoulder of a granite inside Sam Simmonds, Ben Youngs, George talents of Alex with him and
centre, Jack Nowell is back on the centre who fixes defenders or offers a Ford and Elliot Daly primed for a role Dombrandt and sit down
wing for the first time since 2019 and bailout option if the pressure floods in the last half-hour. Ollie Chessum, Marcus Smith in an with him off
Harry Randall starts at scrum half. through. Without Manu Tuilagi, the 6ft 7in flanker, will become the English back line. the field as
With Alex Dombrandt at No 8, England have no André Esterhuizen. latest back-rower to make his debut. Tomorrow w
well, just to
Marcus Smith retained at fly half and Marchant and Nowell will be “If you look at our squad we’re afternoon in Rome, gget those
Marchant at outside centre, the tasked with denting the Italian line. probably missing seven frontline Randall gets his co
connections right.
heartbeat of this England attacking Up front that responsibility will fall to players. We’ve got a very young and chance to prove that he “We want to
unit is from Harlequins, a team Maro Itoje— who has been named at inexperienced team starting, about can be the Danny Care start fast and get
founded on a concrete set piece but blind-side flanker, with Charlie Ewels half the number of caps you need figure in the outside p
points on the board
who thrive on playing heads-up coming into the second row — Ellis in your side to win a World Cup,” division. eearly. But it doesn’t
rugby. This line-up has a better Genge and Jamie George. Jones said. “The quality of our bench At Harlequins, the
balance. Randall can link it all In a stroke, England have outlined is testament to the strength of the relationship between Youngs must wait to
together, assuming the Danny Care a determination to rule the lineout, squad. The finishing eight will have Care, Smith, Dombrandt win a record-equalling
role as the intuitive, opportunistic, build on their impressive mauling the opportunity to be Muhammad Ali and Joe Marchant 114th men’s England
running scrum half operating game at Murrayfield and carry with standing over Sonny Liston.” borders on the telepathic. cap from the bench
the times | Saturday February 12 2022 2GG 5
The Scrum
PAUL HARDING/GETTY IMAGES
Isiekwe back in
TALLEST
T PLAYERS
6ft 6in 6ft 6in
W
hen a coach thrusts a gaining promotion from the Greene
promising young King IPA Championship, Isiekwe
player into the realised that he needed to keep
crucible of playing Premiership rugby. Like Max
international rugby, Malins and Ben Earl, who went to
Braam Steyn Jamie George he has to be absolutely sure that his Bristol Bears, Isiekwe moved on a
46 62 charge is ready for what awaits him: one-season loan, in his case
the speed and ferocity of the game, relocating to Northampton Saints for
232 caps XV EXPERIENCE 347 caps the magnitude of the occasion, the the 2020-21 campaign.
fierce glare of public scrutiny. “With the situation we were in, the
AVERAGE WEIGHT Before the first Test against South best thing was for him to go on loan,”
BACKS Africa in Johannesburg in 2018, Eddie Shaw said. “His appetite to make the
14st 12lb 14st 1lb Jones thought that Nick Isiekwe was most out of that experience meant
ready to start an international match that he was always going to come
for the first time, against the back a better player.”
Springboks at Ellis Park. Rather than a setback, the change
Isiekwe had just turned 20 and had of scenery and the need to prove
made two previous appearances from himself to a new set of team-mates
the bench for England, against and coaches enabled him to make
Argentina and Samoa. another significant step forward.
Thirty-six minutes of helter-skelter “His attitude was exemplary, he
rugby at altitude was enough to make came in and didn’t bring any of
Jones realise he was wrong, and he Sarries with him, he was just
pulled Isiekwe from the fray before committed wholeheartedly in terms
FORWARDS half-time. Jones’s subsequent of Northampton,” Phil Dowson, the
17st 6lb 18st 11lb selections revealed that the England Northampton forwards coach, said.
head coach had misjudged Isiekwe’s “With loan deals, you sometimes
readiness for the international arena worry about that. But his desire to
HEAVIEST PLAYER by almost four years. The defeat by play week in, week out, regardless of
Pietro Ceccarelli Will Stuart Scotland at Murrayfield last week was how many knocks, bumps, bruises he
18st 13lb 20 st 11lb the Saracens lock’s first international had, says a lot about his character.
appearance since that sobering “The way we play, we gave him
The Scrum
Du
Duhan
van der
van
Me
Merwe Forwards readydy to 9
11 make the forwardrd
d ru
run Jamison
onto Russell’s pa
pass Gibson-Park
14 12
10
0 Alex Cuthbert Bundee Aki
Finn Owen
Russell Watkin 13
Garry
10 Ringrose
Joey Carbery
1 13
Pierre
2
Schoeman
Stuart 11
McInally 8 Mack Ha
15
Matt
S t
Stuart
12 Fagerson
H
Hogg
Sione
Tuipulotu
14 B
Darcy First,
F st Aki can
ca come
c in on a short, hard line,
m
Graham the
he
e tthreat
eat of wwhich fixes France. Second, Aki
ca pass
can pas in n behind
b
be to Carbery. Third, Aki can
hit Ringrose
Ringros
ose wwith a short pass, with the No 13
carr
arrying.
ng. Four,
carrying. ur, Ringrose can move the ball to
Key Ca
Carbery
bery. When
Carbery. Whe executed well, the number of
Key Pass options
tions ope
open ccreates uncertainty in the
Possible pass French
Fre h defende
defend
defenders, and if one of them jumps
Possible pass
ou of the
out t line,
line there
t is space to exploit
W hat Ireland did really able to react off the pass of the Matches unbeaten away from the pass, thus committing can pass out the back to
O
well last weekend — fly half, but I’m not convinced home for Scotland (v Italy Watkin, then he gives the ball ne area Ireland have Carbery. Third, Ringrose can
and what Scotland Watkin — who has not started Wales*, England and France) to Tuipulotu looping around. improved hugely in is run a short line off Aki.
will strive to replicate today — a Test since Wales’s victory Either way, the Wales defence the speed with which Fourth, Ringrose can look
was to isolate Wales’s outside over Scotland last year — is at is compromised and Scotland they are able to get back into wider and pop the ball back to
centre through quick ruck ball.
Scotland set up to play
multi-option rugby, so there is
that level.
Russell is a No 10 who is
perfectly adept at using his
2007
The last time Wales lost their
are ready to pounce.
What Scotland have at the
moment is absolute confidence
their shape in attack. It is quite
sophisticated to be able to do it
quickly and I expect them to
Carbery. The aim of keeping
these options open is to create
a dogleg in the French defence,
always scope for the fly half, forward options, or he can opening two Six Nations in their system. use their big units as first if a defender jumps out of the
Finn Russell, to go out the throw one of those big flat matches (v Ireland and With all the chopping and receivers with Joey Carbery line — or an overlap out wide,
back as well as hitting one of passes to the inside centre Scotland) changing that Wales are doing looping around to expose if a defender is sucked in by a
his forward runners. When Sione Tuipulotu, or even *in Llanelli with their team, there have to France out wide. short runner.
every player in the picture is a straight to the wings to either be some weak links. Let’s use a set piece as an If Carbery receives the ball
the times | Saturday February 12 2022 1GG 7
The Scrum
Jack
Nowell
11
Maro
Itoje
4
10
P
Paolo Garbisi 14
Federico
Mori
nsen
15
A B
The first cross-field kick from Jack Nowell (E11), the left wing, is pulled across
Hugo Keenan
n
Paolo Garbisi (I10) draws in to cover, leaving a large gap on England's left
the right wing, Max Malins flank. If Garbisi identifies this space, he must be
(E14), and the full back, quick and kick from the very next phase, with
Freddie Steward (E15), who Federico Mori (I14) chasing. Against Scotland,
14
covers across to England's Luke Cowan-Dickie was covering the left wing
Andr
drew
w Conw
Andrew nway
way
wa
Conway Key right. If Malins and Steward and was caught out, but Eddie Jones should
Pass are tied up by the carry of have identified this and could station a second
Kick Monty Ioane (I11), that row, such as Maro Itoje (E4), to field Garbisi's
creates space on the left second cross-kick
L
the Six Nations, the most of And it is only a shell, which uke Cowan-Dickie was Marchant had to cover further to space.
any France player. He requires players to read and made to look a bit out of across the field than usual, Tries scored by England Equally, Eddie Jones will
surpassed Frédéric Michalak play what is in front of them. place when giving away leaving England with just one against Italy since Eddie have spotted an error in the
in round one Nevertheless, it is both the penalty try that cost full back, who simply did not Jones took over in 2016 system — because Cowan-
adaptable — because of the England the Calcutta Cup last have enough time to get back Dickie is a skilful player, but
148
Carries by Ireland against
number of options — and an
effective means of getting
really wide via only two passes.
weekend. But it was as much
the quick-thinking excellence
of Finn Russell, exploiting
to his position on the wing
before Russell kicked
immediately the second time.
33
Matches without a victory in
clearly defending high balls on
the wing is not a super-
strength. England could shore
Wales in round one, the most Plus, even if the Carbery loop England’s defensive system on If Scotland had played one the Six Nations for Italy, the up that flaw by stationing a
of any side. France (124 v isn’t on, the first receivers are the hoof with two consecutive phase it would have given him longest losing run by any side lock out there, who is used to
Italy) were second powerful enough to beat the cross-kicks as it was Cowan- that time, but Russell was in the Five or Six Nations taking kick-offs above his head,
gainline on their own. Dickie’s error, and it is brilliantly alert to the situation rather than a hooker.
8 2GG Saturday February 12 2022 | the times
The Scrum
KIERAN CROWLEY
Age 60, head coach
November was the first time I had
TULLIO PUGLIA/FEDERUGBY/GETTY IMAGES the opportunity to work with Kieran.
He seems like a really good coach.
Negri insists
After his family were that Italy are
He used to work with Canada, so he
has experience of a team that is
forced out of Zimbabwe, going in the
right direction,
similar to Italy and knows how to
put young players in and bring them
Italy’s struggles won’t despite their
defeat in Paris
up to international level in two to
faze Sebastian Negri, he three seasons. That is when Kieran
must be judged.
tells Mark Palmer MICHELE LAMARO
23, flanker
T
here have been plenty of I played with Michele when he won
tough days at the coalface his first cap in France, in November
for Sebastian Negri, the 2020, and also when he was captain
flanker who came into the for the first time, against New
Italy team right in the Zealand in November. At 23 he is
thick of their 33-match Six Nations young to be captain, especially
losing streak. Things are unlikely to when Sergio Parisse was our leader
get much easier tomorrow when for such a long time. He does not
England arrive at the Stadio talk a lot, but leads by example. He
Olimpico, but however empty the made 21 tackles against France,
game can sometimes make Negri feel, which shows how hard he works. I
he will never want for perspective. think he’ll be captain for a long time.
Now 27, the Benetton blind side was
only 8 when Robert Mugabe’s PAOLO GARBISI
henchmen arrived in the Negri 21, fly half
family’s pocket of rural Zimbabwe, We have a lot of good young players
intent on reclaiming land from white coming through but Paolo is on
farmers. Negri, his parents, brothers another level. He is only 21 but he
and sisters had to flee in the night, doesn’t seem to feel the pressure.
speeding away from their farm with Playing international rugby when I
the headlights off in a bid to avoid was younger, whenever I made a
detection. He had time only to “grab mistake I was angry. But he seems
the essentials”: a rugby ball and a very strong, he has a great
cricket bat. The next day, Negri’s mentality for a No 10. His kicking
mum, Diana, returned to try to and passing are really good, his
recover some valuables and was held footwork is fast. But his mentality is
hostage by these vengeful war the most impressive thing.
veterans for upwards of 12 hours.
“Thankfully the authorities and the
Italian embassy got involved and she field. Everyone has ups and downs, summer of 2016 during Conor people why we deserve to be in the that to happen.’ I gave him my jersey,
was released,” he recalls. “It was a but you have to try to be positive and O’Shea’s first tour in charge. Six Nations. People on the outside we had a good chat. Jack is a great
traumatic time for us all, but looking grateful for the little things.” The 6ft 4in Negri — on the bench will always have opinions, but we’re guy, we still keep in touch now. He
back on it, we were also lucky. A lot of The family were taken in by Negri’s against England tomorrow — now focused on getting respect back. knew I didn’t mean that. It is never
Zimbabweans lost a lot more than we paternal grandfather, Tommaso, who has 37 caps, which have brought half- “There is a lot of positivity in the my intention to hurt anyone.”
did — they lost their lives. years earlier had moved from his a-dozen wins: against Canada (twice), group. We’ve got a young team and Negri is closely linked to another
“The one big memory I have is native Milan to Zimbabwe to find the United States, Japan, Georgia and everyone is reaching in the same Zimbabwean-born back row, Dave
driving away from the farm, looking work. Janusz, Tommaso’s son, made Russia. He does not shy away from direction. We know that England are Denton, who won 42 caps for
out the back window and thinking, sure that junior was always well the awfulness of the run in which the going to be disappointed with how Scotland before being forced to retire
‘This won’t be a problem: we’ll be back aware of his Italian heritage, while Azzurri have been defeated in every things went against Scotland, so we’re because of the effects of multiple
in a couple of days, back to normal life’. from both these men and Diana, he Six Nations fixture since 2015, and expecting a tough, physical game. concussions. Diana is Denton’s
But I never saw home again. discovered something about the knows that external expectations are They’re going to want to put things godmother, while Denton’s own
“It’s always going to live with you power of the human spirit. minimal once more. The big aim for right themselves, so we expect an mother, Joy, has the same role for one
but I try to take everything in a “When you lose everything, you’ve Italy, is to avoid the humiliations of aggressive, physical team that really of Negri’s brothers. Despite the four-
positive way. I look up to my mum got to have family to support you, and the 2021 edition, when they shipped want to bounce back.” year age gap, the pair spent a lot of
and dad who sacrificed everything for the whole Italian side were there for an average of almost 50 points. In last year’s England fixture, Negri time together growing up.
us kids. I look at them and how they us.,” Negri says. “For me, it is so, so Judged in that context, last weekend’s was at the heart of the breakdown “He was a terrible golfer with a
bounced back from losing everything, special to play for Italy and represent 37-10 defeat by France in Paris was a incident in which Jack Willis suffered horrible slice,” Negri says. “Seriously,
the way they took on life and said, those people and everyone who step in the right direction. a serious knee injury from which he is he was such a competitive character, I
‘Yes something really bad has helped us. All I’ve ever wanted to do “Defensively for large parts of it we yet to fully recover. The episode knew he would go on to achieve good
happened, but that’s life sometimes. is make them proud.” were really good,” Negri says. “We brought renewed calls for the things. One of my best moments was
It’s how you bounce back and get on Negri finished his schooling in didn’t get our game going and didn’t “crocodile roll” to be banned, and playing against David [in Rome in
your two feet. If we can stay together South Africa before enrolling at play in the right areas of the field, so while Negri was quick to apologise to 2018]. Growing up, David was
as a family, everything will be fine.’ Hartpury College in Gloucestershire that’s something we have to work on. his fellow flanker on social media, the representing Scotland but also all of
“That’s the lesson I learnt. I was to study for a sports business But in general I thought there were a trolls still had a field day. us youngsters in Zimbabwe. He was a
very young, but the unity within our management degree. He captained lot of positives. Still, you look at the “Straight after the game, I went into massive role model of mine. As much
family and close friends was amazing. the rugby team to the BUCS Super scoreboard and we’ve lost by 27 the medical room at Twickenham to as we look at the negatives about
That’s something I try to carry League and Championship double, points, so there’s also massive speak to Jack,” he recalls. “I said, ‘I’m what happened, I have some great
forward in my own life and on the having made his full Italy debut in the disappointment. We want to show so, so sorry, I never meant for any of memories of growing up.”
The Scrum
sscori opportunities in
his side’s best scoring has helped to open up
Modern fly half is inu
nut spotting Henry
the 30th minute, FIRST ROUND CROSS-KICKS fresh opportunities, Full backs such
Slade free in acres of space on the 1. Scot v Eng
particularly from the as Edoardo
finding precision to right, but overhitting his cross-kick. Daly crossfield
gather for a try
5. Scot v Eng
middle third of the pitch.h. Padovani, of Italy,
Paolo Garbisi, the Italy fly half, “The kick-pass is about ut can benefit from
unlock defences like a proved that he is adept at the skill, by
grubber. Collected
by Scotland
Russell kicks to van
der Merwe
ace
trying to exploit the space a good cross-kick
finding Tommaso Menoncello, his between the two defensive sive
master archer, writes wing, just inside the touchline with a
2. Scot v Eng Smith
puts his kick too
6. Scot v Eng lines,” Phil Dowson, thee
Russell then kicks
John Westerby perfectly delivered punt to score the
first try of the game against France
high over the head
of Slade
in the other
Northampton Saints
assistant coach, said. “The he
direction and
last Sunday. The mastery of this 3. Fra v Ita Over the Cowan-Dickie front line of defence hass
A
mong the armoury of weapon, and the tactical awareness of top by Ntamack. knocks on. become so structured and nd
attacking weapons at the when and where on the pitch to use Gathered by Italy Penalty try kfield
organised, and the backfield
disposal of the game’s it, is a crucial part of the modern fly 4. Fra v Ita 7. Fra v Ita coverage, depending on n field
playmakers,ers, the ccross-
ross half’s skill set. Ntamack kicks into Garbisi picks out position, will be thinkingg
kick is Kicking across the field is nothing the corner but Menoncello, for about the 50:22. Along with
becoming one off the new, of course. Like so many things, Penaud can’t quite Italy’s only try he
the technical skills of the
most potent of all. ll. the contestable crossfield kick was loping
No 10s and No 12s, developing
In recent seasons, s, appropriated from rugby league, and 7 the ability to put the ball ll on a
the term “kick- in the 2003 World Cup final Lote precise point, that can get you
pass” has been Tuqiri rose above Jason Robinson — 2 on the front foot in thatt space
added to rugby’s two former rugby league 1 6 4
between those defensivee lines.
lexicon, such is orward, but
You can’t pass the ball forward,
the precision tha at
that you can kick it forward,, and that’s was either very good
modern kickers have have
hav 3 the next best thing.” coaching from Scotland, poor
eployment
ployment of
brought to the deployment ortunities
These increased opportunities awareness by England, or a
certain types of cross-kick,
cross-kick which 5 have meant fly halves devote more bit of both,” Dave Walder, the
have emerged as a respon response to the and more time to honing ng their kick- Newcastle Falcons head
ever increasingg aggressioession and
aggression players — to score the itely practise
passing skill. “You definitely coach, said. “From the initial
organisation of defence
defences. only try agagainst it a lot more nowadays,”” Gopperth scrum, you’d be expecting
ster archer
Like a master archer, Finn Russell England for an
Engla lat-trajectory
said. “We practise our flat-trajectory either yyour blind-side flanker
unpicked England’s
ngland’s d defence at Australia team
Aust kicks, standing 20 metres es apart, [Alex Dombrandt] or your y
Murrayfield d last week
wee by reaching coached by
coa trying to hit each other in the chest. scrum half [Ben Youngs] to
uick succe
twice in quick succession into his Eddie Jones.
Ed The key to the technique ue is getting drop back and look after the
quiver, sending
ending arr
arrow-like cross field
crossfield More recently,
M your chest over the ball.. If you drop side where the scrum was held.
cing acros
kicks arcing across the pitch. His first the aerial
th hat brings your
the ball nice and low, that England didn’t. Youngs
was from m right to left, where he found abilities of
ab chest over the ball that little bit more, travelled all the way across, so
Duhan n van der Merwe, then he drew wings have
w and that helps to keep the he ball flight the No 6 would have been
back his bow and an taking aim in the become
be g the
low. You don’t want to give better to look after that wide
osite direc
opposite direction, found Luke almost as
al [opposition] winger any recovery defence, not Cowan-Dickie.
wan-Dicki badly exposed on the
Cowan-Dickie important as
im time, to spin round and make the Marchant could have
ht, and Scotland
right, Sc were awarded the their ability to
th catch, so that trajectoryy is important.” stayed over that side, but
ame-chan
game-changing penalty try. beat a man.
be The first of Russell’s masterful one- that would have left a
In sharp p contrast, on a day when But the two against England was as a smartly gap in the middle of the
England had h plentiful possession, but kick-pass, a
ki judged kick-pass. From a S l d
Scotland b kfi ld and
backfield, dR ll will
Russell ill pick
i k out
strugglgled to find a way around a
struggled lower-
low scrum on the right, Van der Merwe those gaps all day long.”
sw
warming Scotland defence,
swarming trajectory kick
traj stood out on the left touchline, but A team’s cross-kicking game will
Marcus Smith fluffed one of acro
across field, in Max Malins, his opposite number, was also be tailored to the strengths of
behin
behind the defending 15 metres infield, leaving their wings. Those sides whose wings
onrushing
onrus space outside him. Russell sent his are particularly strong in the air will
defenc
defence, has grown kick diagonally over Malins’s head for be more likely to send contestable
to be a much bigger Van der Merwe to run on to. Malins crossfield kicks, particularly in the
part of tthe game in spun to recover, but Van der Merwe final third of the pitch, where the
recent se seasons. The was past him in an instant, then backfield defence will not be quite so
yin and yyang of brushed off Freddie Steward too, deep. “If your No 10 gets his kick
defence an and attack has leaving England scrambling to right, those kicks can be almost
led to defen
defending teams reorganise in the backfield. impossible to defend,” Walder said.
seeking to movemo up ever Then came Russell’s follow-up, “As an attacker, the catch is your best
quicker and to cramp the from the ruck on the left, where prize, but slapping it back towards
space of the attac
attacking team, Malins had been tackled inside the your own side is also really effective,
jamming in from the outside, England 22. Because Joe Marchant, because you generally have more
rather than pushing th the attackers the right wing, had been required to support around the ball than the
out towards the touchlin
touchline. Spaces come across and cover for Steward, defender. The defender has to try to
between each link in the defensive England were short of numbers on catch it, which is a hard skill to
5
chain have invariably bee been shrinking, the opposite side. Darcy Graham, the perform above your head. That’s why
making the midfield area areas more Scotland right wing, stayed close to Russell was putting that second kick
congested, but leaving space sp in wider the touchline and the three widest on top of Cowan-Dickie, rather than
channels. England defenders were Will Stuart, in behind him.”
“Defences have becombecome more and Joe Marler and Cowan-Dickie. This Russell will be attempting to pull
more aggressive in recen recent seasons, time Russell’s kick was of a higher apart the Wales defence today in the
and sometimes a really aggressive
a trajectory, a contestable cross-kick, Principality Stadium as he did against
Tries set up in the defence can tighten up an and get a bit knowing that Graham had the England. In Rome tomorrow, Garbisi
Six Nations last season by narrow,” Jimmy Goppert
Gopperth, the Wasps beating of Cowan-Dickie in the air. and Smith will go toe to toe. With
cross-field kicks Garbisi proved fly half, said. “The quicke
quickest way to get Clearly, the England hooker erred Harlequins, Smith has established
he is adept at the the ball to the space is a ccrossfield by batting the ball into touch, himself as one of the best kick-passers
skill by creating kick-pass, with flat trajec
trajectory, that resulting in his yellow card and a in the Gallagher Premiership, but he
a try in Italy’s gives the defence no time to recover.” penalty try, but that England’s entire was wide of the mark at Murrayfield
defeat by France The search for space is the coach’s front row had been left in such wide and will be reminding himself to keep
holy grail and the introdu
introduction of the positions showed how his chest over the ball when his
50:22 kicks this season — another comprehensively Russell had team-mates appear in space in the
item borrowed from rugb rugby league — unravelled the English defence. “It Stadio Olimpico.
10 2GG Saturday February 12 2022 | the times
The Scrum
I
Cardiff Glasgow
t was not much of a spectacle, O Watkin 13 C Harris S Davies M Bradbury a matter of what we have got,” he
low on quality despite the Ospreys Gloucester Cardiff Edinburgh said. He was talking about the
fluctuating scoreline that ended N Tompkins 12 S Tuipulotu A Wainwright R Darge absence of a big No 6 and thus his
Dragons Glasgow
27-22 in Scotland’s favour. Saracens Glasgow G Davies B White
selection of two open-side flankers
“Second-division stuff,” was L Rees-Zammit 11 D van der Merwe Scarlets London Irish again here (and the debutant, Jac
how Paul Rees described it in The Gloucester Worcester C Sheedy B Kinghorn Morgan, looks as promising a player
Guardian. D Biggar (c) 10 F Russell Bristol Edinburgh as Taine Basham, in fairness), but he
J Davies C Redpath
It was the last of Rob Howley’s 59 Northampton Racing 92 Scarlets Bath could have been talking about any
Tests for Wales. The Scottish fly half, T Williams 9 A Price number of positions — apart from
some chap called Gregor Townsend, Cardiff Glasgow Kick-off Today, 2.15pm. TV BBC One. open-side, where Wales are blessed.
who just happens to be Scotland’s W Jones 1 P Schoeman Referee Nic Berry (Aus). Up front, Wales just do not seem to
head coach now, still had another 16 Scarlets Edinburgh Assistants Wayne Barnes, Chris be producing players that tick all the
Tests to go in his playing career. It R Elias 2 S McInally Busby (RFU). TMO Brett Cronan (RA). boxes. The front five, unchanged from
was the New Zealander Steve Scarlets Edinburgh the Ireland match, is a particular
Hansen’s first match in permanent T Francis 3 WP Nel worry. As our own Sam Warburton
charge of Wales as head coach after Ospreys Edinburgh HEAD TO HEAD has pointed out, the very best teams
his compatriot, Graham Henry, had W Rowlands 4 J Gray all now have front fives that carry and
departed earlier in the Six Nations. Dragons Exeter Drawn 3 pass. Wales don’t. Last weekend,
This was 2002, the last time A Beard 5 G Gilchrist Ireland’s front five made 22 passes
Scotland won in Cardiff. It is some Ospreys Edinburgh Scotland Wales and carried 110 metres, Wales’s made
hex that the Scots carry with them to T Basham 6 S Skinner 50 74 six passes and carried only 27 metres.
the Welsh capital today, one not Dragons Exeter Wales could select better players in
dispelled by a victory behind closed J Morgan 7 H Watson the loose, such as Rhys Carré, Dillon
doors in Llanelli in 2020 in a Ospreys Edinburgh Lewis and Seb Davies, but then they
rearranged Six Nations match. R Moriarty 8 M Fagerson Played would probably struggle at the
Scotland won again in 2003 at Dragons Glasgow 127 scrummage, which was a rare positive
Murrayfield (when Wales ended up in Dublin. It is a dilemma for Pivac.
bottom of the table), but, in the 20 Scotland will not be as physical as
Tests against Wales since, they have Wales somehow snatched a 25-24 win round of matches is highly unlikely. Ireland, but they will be physical
prevailed only three times. Wales against all the odds. Right now, there is the desperate enough. A Welshman, their defence
have won the Six Nations title on six So, should we expect anything need for this Welsh team to prove coach Steve Tandy, has toughened
occasions in that period, while different today? Well, Scotland did that the 29-7 defeat by Ireland was them up considerably. This will be
Scotland have never finished higher not play particularly smoothly last not a true reflection of their abilities. some test for the Wales pack.
than third. While Wales have clearly weekend against England, and yet still As the head coach, Wayne Pivac, It is 50 years since Gareth Edwards
graced the first division, Scotland won. Wales were abject in Dublin and says: “The players are very critical of scored his famous kick-and-chase try
have all too often been scrapping to rightly got hammered. themselves, they were very in this fixture. “Can he score?” asked
get out of the second tier. These are two teams in very disappointed after the game and the commentator Bill McLaren. “It
Warren Gatland never lost a Test to different places right now, but the they’re desperate to go out there and would be a miracle if he could.” Wales
Scotland. The only time during his only place that matters today is the show we are a much better team than do not need a miracle today, but they
tenure that Wales did not prevail was Principality Stadium, where there will the display we put on last week. do require something very special. Do
in 2017 when Howley was interim
head coach while Gatland was
preparing for the British & Irish Lions
tour to New Zealand. There were very
be a full house for a first Six Nations
match since Covid struck. The roof
will be open (with rain forecast)
because of the virus and the bars shut
“We’re at home, we are in front of
75,000 people, we owe it to ourselves
and our public to put on a better
display, it’s as simple as that.”
not bet against it, however. This
fixture usually produces some magic.
6 One of the balls for today’s Doddie
Weir Cup clash will be delivered by a
6
Defenders beaten by Darcy
good reasons why Gatland generally for the second half — a consequence Wales finished fifth in their first group of cyclists led by the former Graham against England, the
ignored Scottish players on his first of recent poor behaviour — but this year under Pivac, 2020, trying to play Scotland back-rower, Rob most of any player in round
two Lions tours in full charge. will be emotional. an ambitious style. Last year in taking Wainwright, who are cycling 500 one of the Six Nations
Even Gatland’s last match in It is no exaggeration to say that this the title they reverted to more of a miles from Murrayfield to the
Cardiff against Scotland in 2018 is Wales’s most important match of Gatland game plan. Now they seem Principality Stadium in aid of Weir’s
ended in a 34-7 thrashing, after the the tournament. Forget all that stuff to be floundering, searching for an motor neurone disease charity. To
Scots arrived highly fancied to about “as long as we beat the English”. identity. Injuries have played their donate, go to www.justgiving.com/
triumph. Last year at Murrayfield Victory at Twickenham in the third part but, unless matters are rectified fundraising/DoddieGog500
T
The day before a game vegetables. Players can choose to do a with an optional warm-up that we he Scottish wing grabbing the
Tickling the dragon two-minute cryotherapy session, call a priming session, explosive No more beer headlines over the past 18
The team will travel to the stadium to standing in a -140C chamber, and exercises which can enhance their We save the beers for the end of the months has been the towering
go through the captain’s run. It’s about a third of the team do this. It’s performance. Maybe half the players tournament, but many refuse them. “Jock Bok” Duhan van der Merwe,
about making sure everyone knows incredibly tough but it helps recovery. do it. Rugby players are so professional but a man of a very different stature
the game plan and lasts only 25 nowadays, nothing like 15 years ago. was at the centre of Scotland’s
minutes. I call it “tickling the dragon” Sleep time No spicy food Calcutta Cup victory over England
because it gets the blood flowing. We encourage them to sleep for eight The pre-match meal is the heaviest Recovery and home time last weekend (Angus Oliver writes).
hours a night. Players have a choice carb meal of the week. They have the Players have another contrast bath Darcy Graham, all 5ft 9in and
Contrast baths of pillows, quality mattresses and we choice of spaghetti bolognese, sea after the match, unless they have 75kg of him, was everywhere. He
Each player will spend two minutes in make sure they can adjust the bass, plain chicken, vegetables and inflammation, in which case they will beat more defenders than the
an ice bath then jump into a hot bath temperature in their room. They take sweet potatoes. They can also have have an ice bath. They leave about English team combined, set up Ben
for two minutes, and repeat five times supplements to help them sleep — pancakes with honey or some rice two hours after full-time.
— finishing with a cold bath. Our leading to great dreams apparently. pudding for dessert. We don’t let the Interview by Jessica Hayden
the times | Saturday February 12 2022 1GG 11
The Scrum
S
tuart Hogg’s bucket list is almost injury free, while Wales have
ever-diminishing. Last year been ravaged.
alone he ticked off beating They have never had it this good.
England at Twickenham, Their stars could scarcely be better
beating France in Paris, aligned if Townsend had ascended his
starting a Lions Test and establishing celestial stepladder and fixed them in
a new Scottish try record. The most the firmament himself. They are
glaring omission now is victory in riding a wave of good fortune,
Cardiff. assailed by serendipity.
Plenty of other Scots fall into the Many Scots tend to view sunshine
same category, but the Welsh capital as a portent of worse weather to
has special resonance for Hogg. Like come, but there are solid grounds for
anyone raised in Hawick, he was confidence. But grounds for caution
raised on tales of epic trips on the too. Hogg is aware of the danger of
Wales weekend, when the town’s taking an eye off the ball and the
junior clubs and camp followers need to get the little things right.
would pile into buses and head south. “It is very much process-driven,” he
More pertinently, it was also the place said. “If we start looking too far ahead
where he won his first cap. we are going to slip up. If we look at
That was exactly ten years ago the final outcomes we’re not going to
today, when the 19-year-old Hogg focus on the 80 minutes beforehand.
took over from Max Evans and “We need to stay involved in every
seemed to have marked his debut moment of the game, win all the
with a late try but the score was small battles and make sure we grow
disallowed. Maybe he should have in confidence as the game goes on.
realised then that the Principality We’ve got boys who now have a huge
Stadium was not to be his happiest amount of experience and have
hunting ground. played here before. They know how
In 2014, he was red-carded for a tough it is to play at the Principality,
reckless challenge on Dan Biggar. In but there is belief in our squad.”
2016 he was carted off injured after The Cardiff weather forecast is for
only 28 minutes. In 2018 he was swept rain, growing in intensity in the build-
up in the collective malaise of Gregor up to the 2.15pm kick-off. The roof
Townsend’s first Six Nations match as will be open as a Covid measure. If it
coach as Scotland were hammered does rain then Scotland will need to
34-7. On the eve of his 90th be tidier in several areas than they
appearance for his country, it remains were against England. And if they
the only Six Nations venue where he want to keep their penalty count in
has never scored a try. single figures — they coughed up 13
He ought to hate the place, but he last weekend — then they will want
feels exactly the opposite. In fact, he to see a lot more of the ball than they
is perversely grateful for what it did did a week ago.
for his own development. It will not have gone unnoticed that
Hogg said: “I’ve told the boys that if Wales lost four of their own lineouts
they’ve not been fortunate enough to against Ireland. The changes they
play there yet then they’re going to have made have certainly not
get their eyes opened. It’s just one hell strengthened their resources in that
of an atmosphere. It’s a special place. area. By contrast, the addition of Sam
“In 2014 it was just a bit of a brain Skinner in place of Ritchie has
fart, a huge amount of built-up probably increased Scotland’s options.
emotion and executing in the wrong The combination of bad weather and
way that led to a red card. I’ve grown a suspect Wales lineout suggests
up a lot since then. That was a long Scotland will aim to exert pressure
White’s debut try after a blistering player — he does the hard work as on your wing you end up running time ago and it was probably the with their kicking game.
break, was perfectly positioned to well. An aspect of his game that gets one-on-one against another wing best thing that ever happened Hogg has form as far as the kicking
pressurise Luke Cowan-Dickie into missed is his work around the who is often quick as well. When to me. It was horrible at the bit is concerned, but he admitted he is
conceding a penalty try, and made a breakdown. He’ll throw himself into you go looking for work, you’re time, but that weekend was the a bit sketchy on what comes
crucial turnover at the death. everything like a 16-stone wing and trying to spot mismatches against making of the man.” next. “I have absolutely no
It has not always been easy for a has made some crucial turnovers for front-five players. That’s why Darcy As Hogg has matured, so idea what goes on at the
wing of such slight physique, but the Edinburgh, so it was no surprise to made the line break past Maro Itoje too has the team he leads. A lineout,” he said. “To me
24-year-old has become famed for see him involved in the last and Nick Isiekwe [for White’s try] — side that used to suffer a fit it looks like
his lightning footwork. He arrives at breakdown against England.” he’d timed the moment to come off of the vapours when they somebody jumps
the Principality Stadium today as Graham was part of the Scotland his wing.” strayed more than a few and somebody
one of Scotland’s most potent sevens set-up before earning his XVs Graham, who has ten tries in 23 yards from their chucks it. That’s
attacking outlets — drawing debut in 2018, a factor Blair believes caps, has recaptured his best form Murrayfield comfort zone, about the height
comparisons with the Welsh great was key to his development. after a tough period. Last year his Scotland, remarkably, have of my learning.
Shane Williams. “Sevens teaches you a lot about younger brother, Clark, was involved now won their past four “But I think it’s a great
“They’re similar-style pocket finding space and using space in in a car accident. He spent 4½ away games in the opportunity for the boys. To
rockets aren’t they?” Mike Blair, the attack — it allows you to work on months in hospital with a serious championship. Granted, gain momentum, gain
former Scotland scrum half and now your footwork and acceleration at brain injury, but in what Graham three of them were in front-foot ball, it all starts
Graham’s head coach at Edinburgh, high speed,” Blair says. “Whereas describes as “an absolute miracle”, is empty grounds and the up front and those boys
says. “That stature of player, they’re someone like Louis Rees-Zammit is now recovering. other one was against Italy, will have worked
slippery and hard to get your hands more of a gliding sprinter, Darcy is Blair says Graham is a pleasure to but it is still a significant incredibly hard
around. With the laws around the better in traffic where he’s got two work with. “When my nephew had advance. through the week to
high tackle now it’s really difficult to or three quick steps in a row. an operation on his thumb, Darcy Going into today’s game with make sure our set
tackle a small man legally, especially “What he’s got really good at over sent a video message and promised the intention of ending their 20- piece is spot-on and
someone with good footwork and the past couple of seasons is how he him his boots after the Six Nations. year losing streak in Cardiff, there is there will be
acceleration. He’s not only a flash gets his hands on the ball. If you stay He’s a good man.” opportunities to
Hogg made his Scotland debut steal their ball
against Wales ten years ago today as well.”
12 1GG Saturday February 12 2022 | the times
The Scrum
Dan Biggar, who will FIVE GAMES 3 didn’t want to be there. I just wanted to
focus on the game. The atmosphere
bring up a milestone in THAT DEFINED was crazy, with a light show and
everything. We had a penalty early
Cardiff today, is fuelled MY CAREER doors, 15 metres in from the left, and I
by fire of his critics, he 1) 34-13 WIN v CANADA, NOVEMBER
hate those ones as you should get it. I
didn’t hit it that well, it crept in, but it
tells Will Kelleher 14, 2008 Millennium Stadium
Autumn international
gave me a boost. I hit everything else,
it was the best I kicked, and I took my
best haul of 23 points in the game. It
T
ypically, Dan Biggar will be I always get nervous, even when I’m on was a watershed moment for the
in battle-mode today as he the bench now, as you’re waiting for world to see my goal-kicking talents.
plays in his 100th the call, but I didn’t get a chance to in The “Biggarena” thing came from that
international. With him on this game as James Hook went down day — me fidgeting before kicks came
the pitch come Saturday when I was warming up behind the from the nerves. I didn’t know I was
afternoon, there is no other setting. posts 18 minutes in. It was tracksuit off, doing it, but watching it back it was
Talk to him during the week and thrown into it. It was a scrappy old excessive. It was a display full of
the Wales fly half is one of the most game and it never quite clicked — as it character from us, clawing it back to
mild-mannered, easy-going and usually doesn’t in those Tier 2 games. win 28-25. Kicking it into the crowd at
decent men out there. His wife, Alex, It was 10-6 at half-time and I’d had two the end was special. We drove back
bakes him cakes to bring into the conversions on each touchline and just late to Cardiff and Paul Stridgeon, our
Welsh camp for the “Covid café”. missed both of them. Then I had a strength and conditioning man, was at
But then comes the transformation. penalty just after half-time right in the M4 toll bridge at 1am trying to lift
On Saturdays Biggar’s veins pop, his front of the posts, which was a nice the barrier up, as it were broken. He’d
heart pumps, his bark gets louder and moment to get my first points for had a couple [of drinks] I think!
his teeth are gnashed — it is as if he’s Wales. We did okay as it turned out but
the Incredible Hulk; you won’t like at the end of the game I threw an
him on game-day. interception to Ryan Smith, their 4
To do that 99 times — 96 for Wales centre. I remember Shaun Edwards
and on three occasions for the British came up to me in the hotel after and
& Irish Lions in Tests — you must be said: “The more you go to the line the
wired up differently. Biggar is self- less likely the ball wide is on.” I
aware enough to realise that this is remember that to this day. I thought,
his process. He needs to stick two as a 19-year-old, he’d give me a
fingers up to the world. bollocking! It was actually a nice touch.
“There’s no doubt that on a match The cap and jersey — the away yellow
day it’s hard to fight back the one — I still have.
competitiveness,” the 32-year-old
says, before his 100th international 2) 42-9 DEFEAT v NEW ZEALAND
appearance, against Scotland in the JUNE 19, 2010 Hamilton Summer tour 5 22-17 WIN v SOUTH AFRICA, JULY
Six Nations today. 24, 2021 Cape Town Lions 1st Test
“Come a Saturday afternoon I This was the first game in which I wore
know I have to be like that. There’s the red No 10 Welsh jersey — as all my That was huge. A real moment to tick
been times where I’ve really tried to other starts were in yellow. Stephen off — becoming a Test Lion. Even
be placid, calm, not let anything affect Jones played the first Test and I played though I went on tour four years
me if there’s a learning error or the second. Dan Carter was in the All before in 2017, I didn’t make the Test
whatever, but I’ve found that I haven’t Blacks team, which was a real thrill. If team as I was up against Owen Farrell
really been able to get myself to I’m honest it was a bit of a step up for and Johnny Sexton. My form wasn’t as
where I want to be. me, and I was fully aware of what Ireland who were on for a grand slam. good as I would have liked, whereas in
“There’s a line you have to keep on, international rugby was that day. 1 If we had any chance at the title we 2021 I felt my form was as good as it
but I need to be closer to the top of it Going from Canada, USA and Samoa to had to beat them. It was a roll-your- could be. I felt I was there for that — to
than the bottom. New Zealand was a big shock. After the sleeves up job. I knocked the best play, not just to go on the tour. It was
“I don’t create battles but I know I game I swapped shirts with Carter — drop-goal over I’ve ever hit from 40 disappointing not to have the full
need an edge to get the best out of me I’ve never been more nervous going metres — I could have hit it from ten experience [because of Covid], but I
and deliver.” into a dressing-room. They had Carter, further out — and then we defended looked down at the jersey and it had
Some of this is created to suit his Richie McCaw, Mils Muliaina, all these 40 phases one time and 38 phases the embroidered “1st Test Lions Series”
narrative, but guys. I got Carter’s shirt, another. The atmosphere was unreal. It on it. To win, to kick a penalty to put us
mostly it is real. didn’t wash it as I was wasn’t the prettiest but we got the job in front, was so pleasing. It was
Biggar often, worried it would get done. The shift we put in for each something I always wanted.
particularly pinched in the other made it my most enjoyable
when with laundry. I took a game for Wales.
Wales, makes a stinking home jersey to 3 23-16 WIN v IRELAND, MARCH 14, 5
point of my mum to frame. I have 2015 Principality Stadium Six Nations 4 28-25 WIN v ENGLAND, SEPTEMBER
mentioning his it on the wall of my house 26, 2015 Twickenham World Cup
up-and-down 2 next to an Australia and When people ask, “What’s your
relationship South Africa one. The favourite game?” I think this is it. It I was really nervous before that game.
with the boys always ask: “What epitomised everything I am as a player. We stayed in Weybridge in Surrey, and
country’s did Carter do with your We had lost on the opening weekend the WRU had put on a family bus to
supporters, jersey?” I always say: to England at home on a Friday night call in on us for a coffee as it was an
media and public. “He must have washed — threw it away in the second half — 8pm kick-off. I remember going down
The reality is that his car with it!” I’m not and went up to Scotland, beat them, as a token effort, just to see my wife,
he is incredibly well sure mine is on his wall. beat France in Paris, and then came to mum and sister, and was so nervous I
respected: saluted as a
Test giant in a dominant
Welsh era, someone who talking today with naysayers were wrong? Has he always picked. It’s a long time to stick around care what people say or think — as
has worked hard to 90-odd caps, and thought that he would make it to a and keep fit, playing well enough to long as I’ve got the respect of the
improve his game, and has Wales captain, it century of caps? get selected. coaches and team-mates, that’s all
won Wales more Tests than would have “It’s a bit of both,” Biggar, who “There’s definitely a vindication. I that matters. I’m so proud and
he has lost them. Millions will felt a million joined Northampton Saints never doubted myself, but it privileged to do it.”
doff their cap to him as he miles away,” from Ospreys in 2017, says. “I certainly hasn’t been a It is apposite that when picking his
strides out as the nation’s he explains. hate doing interviews and straightforward curve. five favourite Tests for this piece,
skipper in Cardiff today. “I’m really proud I didn’t take an saying, ‘Oh yeah I always “It’s like anything — if Biggar selects a roll-your-sleeves-up
But Biggar remembers. He forces
himself to, in some ways. He recalls
being unloved as a youngster,
unwanted by many, criticised for not
easy option, say, ‘It is what it is, it’s
going to be a difficult relationship,
you’re not going to be loved by
everyone, cruise through your career;
knew.’
“There’s definitely a
vindication from my
point of view. That’s This
9
will be Biggar’s ninth
you play well, you get
praise; you play badly,
you get criticism. It’s
very much how things
win against Ireland from 2015. Of
course he did.
Wales will need more of that today.
After last week’s harrowing defeat by
being the next incarnation of Phil then if you get the odd cap, success, fine. I almost prefer it game against Scotland — work. Since moving to Ireland, they have been written off for
Bennett or Barry John, overlooked for then brilliant.’ when people pile he’s won six of the eight he England, improving as a not only the Six Nations title but
caps and praise. “It’s in my character that I’m a pressure on you. That’s has played previously player, bettering myself, from any chance of recording a
Between 2008 and 2012 he played battler. I’m proud I didn’t do that, I in my character. I like to has helped. notable win in the tournament.
for Wales eight times — it is the stuck with it. I don’t think I could respond to it. “The perception is that I’ve You sense that as captain of the
unhappy memory of that period that have squeezed too much more out of “I can’t have been shit for 13 years, improved, which maybe helps as well. ship, that will only add fuel to the fire
drives him on still today. “It was it to date.” So how does he view this put it that way! If I was rubbish for It gives you more leeway. of their fly half. Biggar the battler has
tough going and if you said I’d be landmark? Is it proof that his * 13 years I wouldn’t have kept getting “I think I’ve relaxed and don’t really plenty of fight left in him.