Newspaper article The Evening Standard (London, England)

Cityspy

Newspaper article The Evening Standard (London, England)

Cityspy

Article excerpt

*HATS off to David Ross, the Carphone Warehouse cofounder who is set to inject his [pounds sterling]243 million private property portfolio into a joint venture with Morgan Stanley. Ross, who has a near-[pounds sterling]600 million stake in Carphone, also has the Midas touch in property. Since the Carphone float in 2000, he has sold about [pounds sterling]71 million worth of shares and received [pounds sterling]12.6 million in dividends (with another [pounds sterling]6 million likely this year). So even after [pounds sterling]5 million spent on buying and refurbishing his palatial home in Leicester, hefty investment in Leicester City and National Express, not to mention the obligatory pound of flesh for the taxman, he has, it would appear, succeeded in turning something short of [pounds sterling]84 million into [pounds sterling]243 million. Whatever Ross is on, City Spy wants it.

* ODD facts. Vodafone paid [pounds sterling]101 billion for Mannesmann in 2000. This week's [pounds sterling]8 billion writedown takes the total written off the value of the business to [pounds sterling]31 billion - which means it was really only worth [pounds sterling]70 billion.

Vodafone's current market capitalisation is [pounds sterling]71.7 billion. So does that mean the rest of the business is worth just [pounds sterling]1.7 billion?

*BLUE RINSE for Lord Saatchi, pictured, the advertising guru and former Tory party grandee? Those wanting to know the secret to Maurice Saatchi's apparent perpetual youth should pop in to pricey Mayfair coiffeur Capa, off Berkeley Square, where the noble lord has taken to having his hair dyed on a regular basis. However the word from under the dryers is that there is an unfortunate Liberal Democrat orangey-tinge to the Saatchi barnet-

* SPINNERS at Brunswick were jubilant when they won the NTL account back in July after it had spent years with Buchanan. They were not so jubilant when NTL decided to use M Communications to handle its bid approach to ITV. …

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