This Week's Offer

YOU HAVE to admire the Merrill Lynch salesman who this week came up with a new reason to buy shares. They have fallen so far, he says, that investors can buy twice as many as......

Manchester Tied

FRANK KEARTON, like Rupert Mur- doch, believed in vertical integration. When he took over at Courtaulds he bought all the companies Courtaulds supplied. His idea was that if he......

Buy Now, Fly Later

I SUPPOSE there must have been a time when people went along to the Farnbor- ough Air Show, saw a nice new aeroplane and bought one to take home. It is different now. Prices......

Critical Moment

THE RUSSIANS now admit that they burned up $9 billion of their reserves in the hopeless defence of the rouble. We have seen nothing like it for six years, when the Chancellor of......

City And Suburban

NatWest runs short of a chairman, so there goes Sir David's peace and quiet CHRISTOPHER FILDES I have learned not to think of academic life as peaceful but perhaps Sir David......

No Retirement Job

THIS is the familiar stage in the cycle when the banks find out the mistakes that they made when everything looked easy and they thought their systems were foolproof. Barclays,......