Barometer

Barometer

23 February 2017

3:00 PM

23 February 2017

3:00 PM

Big league

Lincoln City became the first non-league club since Queens Park Rangers in 1914 to win a place in the FA Cup quarter-finals. But what happened in 1914?
— There were only 40 league clubs and QPR won a bye through the early rounds.
— They drew 2-2 with Bristol City before winning 2-0 in a replay.
— They beat Swansea and Birmingham (2-1 each) to reach the quarter-finals, where Liverpool beat them 2-1.
— Liverpool lost the final 1-0 to Burnley, the team Lincoln beat last weekend.
— That final was the last held at the Crystal Palace, which had been its venue since 1895.

Mega mergers

Unilever rejected a £115 billion takeover offer from Kraft Heinz. What happened after huge mergers that did go through?
Vodafone paid £112 billion for German telecoms giant Mannesmann in 2000 but suffered hefty related losses.
RBS paid £49 billion for Dutch bank ABN Amro in 2007, leading to its emergency bailout by the government.
AOL paid $165 billion (then £82 billion) for Time Warner in 2000. It was a disaster and they demerged in 2009.
Kraft Heinz was itself merged less than two years ago. In July 2015 the combined company was worth $46 billion and its share price was $77. This week it was $96.

Raising questions

The government proposed letting companies use the Consumer Prices Index (CPI) instead of the Retail Prices Index (RPI) as a basis for rises in defined-benefit pension schemes. What would a pension starting at £10,000 a year be worth now?


RETIREMENT
RPU RISE
5 years ago £11,155

10 years ago £13,169
15 years ago £15,326
20 years ago £17,195
25 years ago £19,579
RETIREMENT
CPI RISE
5 years ago £10,718

10 years ago
£12,580
15 years ago £13,758
20 years ago
£14,653
25 years ago £16,514

Source: ONS

Going rates

A controversial business rates revaluation will give some High Street shops larger bills and some Amazon distribution centres lower ones. How much does it cost to set up a small shop?

BUSINESS
SQ FT
Takeaway, Grimsby 350

Hair salon, Enfield
400
Grocery, Battersea 850
Café, Fitzrovia
763
Lights shop, Bath 1,120
Bookie, Mids’boro
2,150

BUSINESS
RENT (P.A.)
Takeaway, Grimsby £3,500

Hair salon, Enfield £5,500
Grocery, Battersea £26,000
Café, Fitzrovia £19,000
Lights shop, Bath £30,000
Bookie, Mids’boro £37,000
BUSINESS
RATES
Takeaway, Grimsby £0

Hair salon, Enfield £600
Grocery, Battersea £800
Café, Fitzrovia
£6,200
Lights shop, Bath £9,000
Bookie, Mids’boro £16,000

Source: Zoopla, Valuation Office Agency

 

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