The outspoken Talal, though a senior royal, is not considered a contender for the crown, in part because in the 1960s he was one of group of princes calling for reform.

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Though Baird's plans make sense (not least because Coats has mismanaged its crown jewel, Jaeger women's wear), Coats is unwilling to demerge clothes from its thread business.

ECONOMIST: Textiles

Jenkins, though, is insistent that relegated Premier League side Derby will not prize away one of Swansea's crown jewels.

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