City & Business: Let's see the small print
Sunday 05 October 1997
The timing of the bid is bad luck for Smith's chief executive, Richard Handover (the name takes on a peculiar irony in the light of these recent developments), since he has only been in his job a few days. Even so, any pressure from institutional shareholders means he has little choice but to engage in some formal dialogue with the opposing camp.
Mr Waterstone, too, and his advisers will soon have to make up their minds as to whether they have the stomach for a full bid; whether they will put up, or shut up. But until a proper picture emerges of what is really on offer, shareholders will remain in the dark: the current phoney war, with a drip feed of morsels into the market, cannot be allowed to drag on indefinitely. Shareholders have a right to know the full picture. At present, they do not.
arts + entsThere were towering ideas, some scintillating performances and revelatory grooves... our writers pick out their personal highlights
elephant appealThe first 23 lots in our charity auction have now gone. But there are 22 more still up for grabs
elephant appealPrince William signs up for our charity appeal
peoplePrepare to be entranced by worms as the molecular biologist gets ready to give the Royal Institution science lectures
elephant appealSo says man jailed for cutting off dead elephant's tusks
booksWe examine the best titles for teens
voicesPeople moan that Christmas is too commercial, the spirit lost. But it is a time to over-indulge, and always has been, says DJ Taylor
scienceResearchers teach border collie to understand sentences using more than 1,000 words
booksA Christmas story in six parts
travelWill high-value tourism help the workshops of this Renaissance city?
food + drinkA trifle without custard? Surely not! Nonsense – and here’s three to finish your festive meal that prove it
Geoffrey Macnab does not like the comedian's big screen debut
- 1 Tim Sherwood challenges Daniel Levy to set out vision for Tottenham Hotspur’s future
- 2 French pub fined €9,000 after customers returned empties to bar - because it's 'undeclared labour'
- 3 Sun will 'flip upside down' within weeks, says Nasa
- 4 #Teamnigella: It’s the only side to be on
- 5 Christmas comes early: Justin Bieber is 'retiring from music'
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