Business Diary: 04/07/2009
Saturday 04 July 2009
More sickening news for Citigroup
An internal memo from Citigroup HQ in New York reaches our desk. Apparently, a member of staff has contracted swine flu and the bank's staff have been instructed to watch out for any symptoms they may develop themselves. As if the credit crisis-hit bank doesn't have enough to worry about.
Above Cellan-Jones's pay grade
Rory Cellan-Jones, the BBC's technology correspondent, told his Twitter followers yesterday that there was "general bemusement in our office". The reason? "We've just noticed that a man none of us have heard of is second highest earner in BBC News on £280,000." Who could Cellan-Jones mean? The only exec whose pay has been made public and who earns around that sum is Richard Sambrook, who runs Global News. Even the Beeb's technology geeks must have heard of him.
Polish factory hits the big time
We enjoy the Polish Information and Foreign Investment Agency's regular updates on what is going on in the economy of the Eastern European country. Sadly, not a lot, it seems. The poor chaps have been reduced to announcing this: "LG Display factory in Dolny Slask produced its 10 millionth LCD display several days ago."
Brewin advises selling on a lethal cocktail
How's this for insensitivity? Broker Brewin Dolphin has published a note warning investors about its concerns for Southern Cross Healthcare, the nursing home operator. It says the mix of swine flu and this week's heatwave could have a deadly effect on Southern Cross's clientele – and its earnings. We're waiting for the note from Brewins tipping Dignity, the funeral services provider.
G8 leaders head for the danger zone
We applaud the motives of Silvio Berlusconi, left, in deciding to host next week's G8 summit in quake-stricken L'Aquila. But do you think world leaders are getting nervous about their trip to Italy? Reuters reports that more strong tremors – measuring 4.1 on the Richter scale – sent locals into a panic yesterday.
Number of the day
Revenues earned by the City law firm Linklaters last year, making it Britain's highest-grossing solicitor.
- 1 British tourists 'murdered' in Thailand: Pair's bloodied bodies found naked on Koh Tao beach
- 2 Vivienne Westwood says 'Yes' to Scottish Independence by declaring: 'I hate England'
- 3 Welcome to Cameroon, where drinking Baileys can lead to imprisonment
- 4 Lego breaks out of the toy box and heads for the gallery
- 5 Vogue under fire for 'Big Booty' article
British tourists 'murdered' in Thailand: Pair's bloodied bodies found naked on Koh Tao beach
Jihadi John': MI5 may have identified Isis militant who killed David Haines but options limited
Vivienne Westwood says 'Yes' to Scottish Independence by declaring: 'I hate England'
David Haines beheading: David Cameron says Britain will hunt down Isis 'monsters' shown in video murdering aid worker
Piers Morgan attempts to save the Union by promising to go back to the US if Scotland votes 'No' to independence
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
Salmond accused of laughing off national debt with ‘what are they going to do: invade?’ joke
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