Business Diary: 05/09/09
Saturday 05 September 2009
Is Peston being primed for BBC pay cut?
Diary is thoroughly bored with Robert Peston, the BBC's ubiquitous business editor, but couldn't resist this vignette from the great man's blog arguing against attempts to cap bankers' pay: "Should there be a cap on the rewards of footballers or broadcasters (especially those who don't deliver, perhaps)?" What are you trying to tell us here, Bob?
Will Brady be fired at County's boardroom?
Slackbelly, the City gossip website, notes that Birmingham City football club's MD, Karren Brady, will be at Notts County's ground this afternoon (her husband manages the opposition, Burton Albion). That's where she fell out with County's former chairman Derek Pavis, when he suggested that women shouldn't be allowed in footy boardrooms. Apparently, he will also be there. Paddy Power is offering odds of 14/1 that Brady will be refused entry to the boardoom, while Pavis is 8/1 to leave in objection to her presence. Diary likes the final market best: Pavis is 2/5 to quit the board first in a match with Brady (7/4).
Sigma Capital is risking a City snub on Friday
Friday is traditionally the day for profits warnings – they are released out on the assumption they will attract less attention than they would earlier in the week because the attention of most City folk is focused on the weekend. So what on earth was tiddler Sigma Capital doing putting a reverse profit warning (telling the market its results would be better than expected) yesterday? The main reason for the good news was the sale of its subsidiary Frontier IP, which commercialises intellectual property from universities. Well, it got our attention anyway, so well done, chaps.
No animal magic for software tycoon
Poor Tom Siebel. The billionaire founder of the California software company Siebel Systems is recovering from an attack by an elephant while on safari. Siebel, pictured, who sold his company to Oracle, is doing fine after breaking several ribs and having his right leg crushed. Diary wishes him well, but the slogan "never work with children or animals" has never been more true.
Number of the day: 5
Years for the WTO to reach a preliminary view on the Boeing-Airbus state aid spat. Also how long experts think the final view will take.
- 1 California man brutally beat 82-year-old Sikh grandfather he mistook for 'one of those people'
- 3 Charles Kennedy 'had better judgement drunk than many sober politicians' says Ian Hislop
- 5 We have six months to save the world, says leading economist
California man brutally beat 82-year-old Sikh grandfather he mistook for 'one of those people'
Sepp Blatter resigns: FBI are investigating outgoing Fifa president, claims report
Alton Towers crash: Four seriously injured and 16 guests trapped as Smiler ride carriages collide
Gay teenager 'forced to have sex with his own mother' to 'cure' his homosexuality, campaigners in India say
Charles Kennedy 'had better judgement drunk than many sober politicians' says Ian Hislop
Thousands of teenage girls enduring debilitating illnesses after routine school cancer vaccination
Migrants in Kos: Photos show real tragedy after Brits abroad complain of 'awkward' holidays
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
Michael Gove determined to scrap the Human Rights Act – even if Scotland retains it
Threat to scrap Human Rights Act could see UK follow Nazi example, warns UN official
Church of England 'one generation away from extinction' after dramatic loss of followers
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