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