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Foreign Exchange

Mickey takes 2 sugars

Gossip that Tulletts and GFI are about to merge is once again doing the rounds

May be it’s because they’ve got nothing else to talk about in the summer lull, but I hear gossip that Tulletts and GFI are about to merge is once again doing the rounds. In the past, the company’s disparate valuations were said to have proved a major stumbling block, but these now appear to be far more closely aligned.

Still, much of the buzz concerns who will get the upper hand. I hear that several emails have been sent to senior Tulletts’ personnel pointing out that: “Mickey Gooch takes two sugars in his tea.” I’m not sure how the pugnacious Terry Smith would view such a suggestion

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