Newspaper article The Evening Standard (London, England)


Newspaper article The Evening Standard (London, England)


Article excerpt

* PETER LINTHWAITES days must surely be numbered as chief executive at private-equity talking shop the BVCA. His pitiful performance before MPs on the Treasury Select Committee yesterday made him look caught-in-the-headlights and unprepared

despite the months of union agitation over his paymasters tax rates and profits. Had his communications advisers not prepared him for a savaging after the dismemberment of such slick operators as Matt Barrett of Barclays at the committees hands? We all know what the average private-equity executive would do to a chief executive of a company that failed to pass muster.

* TRIBUTES flowed yesterday for doughty Chinese community fighter Jabez Lam at a press conference to announce a generous settlement between the stallholders of north Londons Oriental City shopping mall and its owner, Development Securities, chaired by City veteran Michael Marks. Fai Lui, chairman of Oriental City Traders Association, told the gathering he couldnt have pulled off the settlement without Lam. Perhaps the greatest praise came from one of the developers present: Lams huge strength is that he is totally principled, and they dont teach you how to deal with that at property school.

* FROM The Lawyer: If you slept with a client when I was a trainee, you were struck off. Sleep with one now and its business development.* THE first sign of a dip at Tesco? TNS Worldpanel reports Tesco showed growth of 7% for the 12 weeks to 20 May

ahead of the markets 6% but lower than Asdas and Sainsburys 8%. At the same time, the supermarkets group has embarked on a huge phone exercise aimed at customers who are spending less or have just stopped going.

* MEANWHILE, the Tesco onslaught on suburban Britain gathers pace. Latest target of the Cheshunt bunker, after garden centres, is book clubs. The Tesco Book Club will feature a range of branded books, with a website containing further reading recommendations and space for readers to leave their own reviews. …

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