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Standard's unexpected triumph stems from an infusion of new management and new ideas. Two years ago, faced with enormous retooling costs and an ominous sales slump, the Coventry automaker succumbed to a takeover bid by Leyland Motors Ltd., Britain's biggest truck and bus maker. Leyland's laconic Chairman Sir Henry Spurrier, 64, follows a simple creed. "We don't run risks," he snaps. "We run Leyland." Sir Henry introduced the new regime at Standard by easing out former Standard Boss Alick Dick, 46, the imaginative onetime boy wonder of the British auto industry...
...much tea even an Englishman can drink. Since 1958. per capita consumption of tea in Britain has stuck stubbornly at 10.2 lbs. a year per man, woman and mewling babe. To many a British tea merchant this seems disquieting indeed. But not to London's Brooke Bond & Co., Ltd., which for nearly a decade has been capturing an additional 2% of Britain's total tea sales from its competitors each year. Today, with 33% of the market, Brooke Bond is Britain's-and the world's-largest tea company...
...British-educated Dato Loke Wan Tho, 47, boss of more than 30 companies with large holdings in copra, rubber, tin, banking and real estate. Currently Loke has a particularly exciting flock under observation. As a public service, he volunteered four years ago to become unpaid chairman of Malayan Airways Ltd. To revive the rundown line, Loke ordered a fleet of Fokker F-27s to replace decrepit DC-3s and leased a BOAC Comet. This week, in cooperation with Hong Kong's Cathay Pacific Airways and Thai International, Malayan will begin to offer 58 weekly flights between major Southeast Asian...
...South Africa today the businessman's gloom is fading. Last week the big British weaving firm of Cyril Lord Ltd., which produces fine poplin for Brooks Brothers and Sulka, announced that it was closing two of its British mills and planned to replace them with a new, $2,000,000 plant in South Africa. New British investment in South Africa has jumped from a scant $11 million in 1961 to an estimated $28 million this year. Britain now has $2.5 billion invested in South Africa (v. $2.2 billion in the U.S.). In addition, increasing amounts of U.S., French...
...Service. (Though 76% of the Bay's stock is still British-owned, eight of its 15 directors and most of its top executives are Canadian.) Two years ago, Murray moved the Bay into Eastern Canada's large cities by merging with the ten-store Henry Morgan & Co., Ltd. retail chain. The Bay also has a network of 16 wholesale houses, oil and gas rights on more than 15 million acres in central Canada, lucrative fur auction houses in New York, Montreal and London, and a tidy U.S.. Canadian and British business in a connoisseur's Scotch...