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Educated at St Edmund's College, Hertfordshire, he was sent abroad to learn French and German - in the hope that he would one day supervise the Scholl continental operation - before going on to read modern languages at Christ's College, Cambridge.
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At a £9bn-turnover business, fractions of a percentage point matter, and the currency effect isn't helping the continental operations.
By contrast Ryanair saw passenger numbers rise from 2.1m to 2.7m in the third quarter due to the strength of its continental operations.
Elsewhere Logica finished 0.25p higher at 65.9p after UBS raised its recommendation on the IT services group from neutral to buy, despite concerns about the effect of the eurozone crisis on its continental operations.
There is little doubt that the match fixers' sophisticated inter-continental operations have put them a long way ahead of the rigid rule-bound tactics of those trying to stop them.
For most American private-equity firms, "going global" is shorthand for beefing up their continental European operations.
The euro16.2 billion ($22.4 billion) deal gives Imperial Altadis's continental and Moroccan operations and its profitable cigars business (it has a 50% stake in Cuba's Habanos).
These cases are among many to have surfaced in recent days since Britain's health minister, Alan Milburn, introduced a policy that will permit Britons like Mr. Davies and Mr. Higgins to travel in much larger numbers to continental Europe for operations in European hospitals, but largely paid for by the British public health service.
McGrath is also pinning his hopes on the company's continental and North American operations.
The "bad bank", which will include the high street operations in continental Europe which employ almost 6,000, was described by Ian Gordon, an analyst at Investec, as "presentational nonsense".
The bank said it had agreed to sell 89 branches in Italy to CheBanca!, as part of efforts to sell its continental European retail banking operations.
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