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Monday, 24 August 2015

Something to take your mind of the China market rout - a Sunday review on a Monday

London-based investors, bankers and brokers are currently transfixed by the rout in Chinese markets.

So, I thought I would look back over some of the Sunday newspaper's business sections for those markets participant that might want to take their mind off crashing stockmarkets.

One tale I found particularly interesting was Oliver Shah's front page story in the business section of The Sunday Times about how the new owners of BHS had begun tapping up hedge funds for financing secured against the company's assets.


The intrepid hack is one of the few national newspaper business journalists to attempt to discover the (clearly, sensitive) details about the new proprietors of BHS and the way they are running the ailing department store chain since Sir Philip Green sold it a few months ago for a pound.

Indeed, such fearless reporting about the BHS situation can lead to major ear bashing from Sir Philip.

And this latest tale from Olly clearly demonstrates the new owners of BHS are running into complications. In case you missed it, here is a link to Olly's article:

http://www.thesundaytimes.co.uk/sto/business/Retail_and_leisure/article1596953.ece 

Elsewhere in the Sunday business press, Neil Craven's piece in the Mail on Sunday's business section on Tesco caught my eye.

The veteran retail hack reported that the sale of Tesco's Korean business may not be going as smoothly as hoped given the recent fluctuation in emerging market currency markets.

Here is a link to Neil's article:

http://www.thisismoney.co.uk/money/markets/article-3207231/Tesco-s-currency-blow-sale-South-Korea-chain.html

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