My current reading, the semi autobiographical Battlefields and Playgrounds by Janos Nyiri has the young Hungarian comparing BBC News in 1940 to that of the Hungarian state radio broadcaster. The BBC was always right, it always told the truth. I suspect that, where he still alive, Janos might take a different view these days. I could imagine him shouting “they’re BOTH lying” and throwing the cat at the radio. This brings us to news that abject failure Sharon Lewis is to walk the plank at John Lewis.
There are a number of interesting corporate names reporting here in the UK over the next week, but I am also “looking forward” to Thursday’s upcoming decision from the Bank of England. I say “looking forward”, because I think the BoE has lost the plot about its interest rate policy…
Sharon White was appointed, with no retail experience whatsoever, as chair of John Lewis in 2019 on an annual salary of just shy of a Bernie. A year later, for services to the bien pensant community, when was made a Dame and unveiled a five year plan to get John Lewis to making £400 million of profit by 2025. Since then, it has been loss after loss after loss and today it got worse.
If you can’t be bothered selecting stocks on AIM to lose money on and want to outsource your money spaffing to an expert then your worries are over, Tom Dobell is back in town. I was a piss poor fund manager for only two of my four years in that game, Dobell has ten years of shame to his name.
Oh dear. The plans of Quindell fraudster Rob Terry and his young wife Tracey to buy their local boozer, the Square Cow, and turn it into an upmarket seafood restaurant as part of their Quob Park empire have had to be scrapped after a furious backlash from locals.