Business Diary: 01/05/2010
Saturday 01 May 2010
Warren Buffett gets his own cartoon show
He has already made a cameo appearance in The Simpsons, but now the world's best-known investor, Warren Buffett, is to get a cartoon series all of his own.
A Squared Entertainment will today premiere its Secret Millionaire's Club, "inspired by the teachings of Warren Buffett". The great man apparently has to mentor a bunch of children who want to learn about the business world. "Together they explore concepts such as supply and demand," the producers tell us. Maybe we'll just stick to The Simpsons.
Kirkham came in from the cold to sell DFS
So what did it take in the end to persuade Lord Kirkham to sell his furniture group DFS to Advent, just weeks after insisting that he'd be keeping it as he didn't need the cash on offer? Well, £300m no doubt helped, but maybe the clincher was the promise of a warm welcome home – the DFS founder completed the deal via satellite phone as trekked to the North Pole with his mate Malcolm Walker, the former boss of food store Iceland.
Has the Co-op deal come a cropper?
In the run up to the takeover of Somerfield by Co-operative last year, more cynical retail analysts wondered about the clash of culture between a business built up by hardened private equity folk and the cosy world of mutuality. Now Retail Week reveals all is not going entirely well with the deal – Somerfield sales are down around 13 per cent. Co-op insists that simply reflects its decision to cut the grocer's high prices.
Bye-bye Crozier, hello better PR, says Royal Mail
Looks like Royal Mail wants to cleanse itself now boss Adam Crozier has quitto run the show at ITV. Despite employing the services of five separate public relations agencies, it's fair to say Royal Mail hasn't always had the best publicity under Crozier. Now he's off, it is putting the contracts out to tender.
- 1 Hair loss explained: How and why men go bald
- 2 Game of Thrones season 6: Jon Snow theorists believe Ned Stark's son may have a twin sister
- 3 Artist takes LSD, draws herself over different stages of the 9-hour trip to show its effects
- 4 iPhone 6s camera: features to include 4K video camera and flash for selfies
- 5 A pint of water every day is the key to losing weight, scientists say
Most expensive city to live in for expatriates: Luanda, Angola takes number one spot with Hong Kong and Zurich in top three
Video of Irish 'professional boxer' fighting Istanbul neighbourhood goes viral in Turkey
If Surrey were Syria: Social experiment shows what it's like to live under siege
Irish tourist filmed fighting with shopkeepers in Turkey says they 'messed with the wrong man'
House of Lords: Outcry as donors, fixers and MPs caught up in expenses scandal get peerages
Dresden riots: Protesters in Germany attack refugee buses shouting 'foreigners out'
France train shooting: US soldiers speak of the moment they stopped gunman and 'beat him until he was unconscious'
Labour leadership: Jeremy Corbyn accused of 'deluding' young supporters with 'claptrap'
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
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