View more on these topics

Pritchard deserves praise for taking tough decision

It’s hard to find words to describe what our industry is going through, particularly the packaging sector.

As a majority shareholder at Chase UK, Terry Pritchard fought hard to offer his clients and staff security so his decision to wind up the firm last week must have hurt.

But Pritchard should be praised for not allowing his pride to get in the way of making this decision and his in-tegrity remains intact.

Too often in recent months, we have seen firms trading beyond their time, unable to take the decision to stop in-curring debt. Some closures have been forced and this has tainted the reputation of the packaging sector.

Many other bosses should close their firms soon and they know who they are. Ego should never get in the way of ethical practice.

Kevin Friend
Strategic partnerships director
By email


Distant Star

Mole was intrigued to learn that prior to winning The X Factor and becoming a superstar singer, Leona Lewis worked at London-based brokerage Metropolitan Mortgages.

KGB sees 30% rise in volume

KGB Packaging has seen a 30% rise in the volume of cases submitted by brokers during the past month, compared with its monthly average for 2008 so far.

Good news for TFC Homeloans

TFC Homeloans reports an increase in business volumes of around 30% in the past month. The lender, part of the Orbiter Group, says applications have risen by nearly 90% since December 2007.

Stock Picker

Banking shares rallied last week as the government announced it was working on a scheme to enable banks to swap mortgage-based ass-ets for government bonds.This should help banks improve their balance sheets and hopefully stimulate the lending market.Shares in Friends Provident fell as JC Flowers revealed that it was not willing to lift its bid […]


News and expert analysis straight to your inbox

Sign up