Column Eight: Another stink at Barclays

An ad in national newspapers runs: 'Sir John Quinton, we pay you pounds 412,000 (Ed: wrong, pounds 356,000) pa to look after our concerns. So why are we waiting?

'We are more than 200 shareholders in Barclays plc determined to meet our Board about our ever-growing concerns. Meanwhile, Barclays' lawyers are 'taking instructions' about the Board's 'policy (if any) . . . in relation to meetings with shareholders']]]'

A source not a thousand miles from the bank says one of those behind the advertisement is Brian Jones, a disgruntled account-holder who began stink-bombing Barclays branches nationwide in August during an argument over his personal account . . .

Column Eight identifies the latest barometer for spotting companies that are going bust. Come in, Coopers Deloitte New Company of the Year award. Two of the five companies on last year's shortlist have gone belly-up, with Clarke Foods joining Airbreak Leisure in the dismal world of receivership.

Another project that appears to be going bust is the pounds 400m Hotel Arts mega- complex in Barcelona: Construction Weekly reports that administrators have been called in by the Spanish courts. The hotel was supposed to be finished in time for the Olympics, but wasn't. Not surprisingly, this blighted business.

The developer involved is G Ware Travelstead, best known in this country for coming up with the idea of Canary Wharf, buying up the land and then - brilliant touch - selling the land to Olympia & York in 1987. How prescient.

Definitely not in the running for a Plain English award is the report on 'Constrained-on plant' issued yesterday by Professor Stephen Littlechild, director-general of electricity supply at Offer, the electricity watchdog.

The report follows a thorough investigation of the 'pricing and scheduling of generating plant which is constrained to run on the transmission system'. It concludes that customers 'are not adequately protected by the present system'. There has been an 'increase in Uplift payments for constrained-on plant', and PowerGen has secured an 'exceptional contribution to profits at two of its plants'.

Baffled?

The Government was apparently anxious that publication of Professor Littlechild's report be delayed until the shock of the coal cuts had been absorbed. The fate of coal- fired power stations as discussed in the report was said to be a sensitive area. But, no need for the Government to have worried. Few people will have managed to read that far.

Suggested Topics
News
Jacqueline Bisset has claimed that young women today are obsessed with being 'hot', rather than 'charming', 'romantic' or 'beautiful'
people
Arts and Entertainment
Ben Affleck stars as prime suspect Nick Dunne in the film adaptation of Gone Girl
filmBen Affleck and Rosamund Pike excel in David Fincher's film, says Geoffrey Macnab
Sport
New Zealand fly-half Aaron Cruden pictured in The Zookeeper's Son on a late-night drinking session
rugby
Arts and Entertainment
Lena Dunham
booksLena Dunham's memoirs - written at the age of 28 - are honest to the point of making you squirm
PROMOTED VIDEO
News
Liam Payne has attacked the media for reporting his tweet of support to Willie Robertson and the subsequent backlash from fans
peopleBut One Direction star insists he is not homophobic
Life and Style
Jourdan Dunn on modelling, motherhood and Cara Delevingne
Arts and Entertainment
A bit rich: Maggie Smith in Downton Abbey
tvSeries 5 opening episode attracts lowest ratings since drama began
News
i100
Life and Style
A new app has been launched that enables people to have a cuddle from a stranger
techNew app offers 'PG alternative' to dating services like Tinder
Sport
Greg Dyke insists he will not resign as Football Association chairman after receiving a watch worth more than £16,000 but has called for an end to the culture of gifts being given to football officials
football
News
people
News
ebooksAn unforgettable anthology of contemporary reportage
Arts and Entertainment
Jake Quickenden sings his heart out in his second audition
tvX Factor: How did the Jakes - and Charlie Martinez - fare?
Sport
premier league
Sport
Frank Lampard and his non-celebration
premier leagueManchester City vs Chelsea match report from the Etihad Stadium
Arts and Entertainment
Rachel, Chandler and Ross try to get Ross's sofa up the stairs in the famous 'Pivot!' scene
tv
Arts and Entertainment
'New Tricks' star Dennis Waterman is departing from the show after he completes filming on two more episodes
tvOnly remaining original cast-member to leave crime series
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Senior BA - Motor and Home Insurance

£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...

Market Risk & Control Manager

Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...

SQL Developer - Watford/NW London - £320 - £330 p/d - 6 months

£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...

Head of Audit

To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...

Day In a Page

A roller-coaster tale from the 'voice of a generation'

Not That Kind of Girl:

A roller-coaster tale from 'voice of a generation' Lena Dunham
London is not bedlam or a cradle of vice. In fact it, as much as anywhere, deserves independence

London is not bedlam or a cradle of vice

In fact it, as much as anywhere, deserves independence
Vivienne Westwood 'didn’t want' relationship with Malcolm McLaren

Vivienne Westwood 'didn’t want' relationship with McLaren

Designer 'felt pressured' into going out with Sex Pistols manager
Jourdan Dunn: Model mother

Model mother

Jordan Dunn became one of the best-paid models in the world
Apple still coolest brand – despite U2 PR disaster

Apple still the coolest brand

Despite PR disaster of free U2 album
Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments