Newspaper article The Evening Standard (London, England)

CITYSPY; Email: Cityspy Standard.Co.UK

Newspaper article The Evening Standard (London, England)

CITYSPY; Email: Cityspy Standard.Co.UK

Article excerpt

ui POTENTIAL investors in Grant Bovey's Imagine Homes will be puzzled why the 2005-6 accounts are late at Companies House.

Last October, Anthea Turner's husband was letting it be known that the six months for the period to September 2006 were a purple patch and showed [pounds sterling]15 million profit on [pounds sterling]125 million sales. So why no sign of the actual figures?

For the record, the most recent details at Companies House, for 2004-5, disclose a [pounds sterling]2 million loss on sales of [pounds sterling]28.6 million. So not much purple there.

ui IBERDROLA'S "questions and answers" document about its offer for Scottish Power makes for startling reading. Question: how much does the offer value my Scottish Power shares at?

Answer: "The offer values each Scottish Power share at [pounds sterling]795.61 pence." It should, of course, be 795 pence. Pity the poor proof-reader.

ui MORE than two thirds of the partners in Goldman Sachs when the bank floated in 1999 have since left. There were 221 at the time of the float - of whom 155 have gone (12, including chairman and chief executive Hank Paulson, went last year). Only four of the 22-strong management committee of just eight years ago have remained. But, given that even the newest partners received shares worth about [pounds sterling]50 million, and they have since soared in value, isn't it a miracle any stayed?

ui PETER MANDELSON has given an interview to The Banker. The EU Trade Commissioner, says interviewer Karina Robinson, is "much better looking in person than in photographs-" Asked what he thinks of the Prince of Darkness sobriquet, he says many men have been called Princes of Darkness over the ages, and they have tended to be "effective, well-meaning, misunderstood and occasionally misinterpreted."

ui E.ON, the German owner of Powergen, is keen to raise its UK profile by sponsoring the FA Cup under its German name. Hmmm- At the same time, the company wants to build new nuclear power stations in the UK, and is undertaking market research to see what people think about it becoming the effective guardian of our atomic future. …

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