Business Diary: 11/07/2009


John Lewis lobs sun & strokes into excuse mix


There's a new excuse for corporate PRs to gloss over bad news. Had a slump in sales? Ratings down? Here's your communications solution: Blame the hot weather, right, and tennis ... as if either has ever ground the UK to a halt before.

A day after the double whammy was picked as a reason when ITV1's ratings fell to a historic low, John Lewis came out with a disappointing weekly sales update. The department store operator said the 2.3 per cent drop on last year was actually "an excellent result given the distractions of sustained sunny weather and Andy Murray's progress at Wimbledon". Net likely.

BoJo just the man to save small business

A Boris-o-gram arrives on the Diary's desk with news that London's mayor is focusing on the economy this Wednesday with a public meeting on how to build an economic recovery for small businesses. Let's see if BoJo can manage the intervening few days holding together his own operation, described last week as "shambolic". His economic advice is sure to be interesting given he has just lost the third deputy in his short tenure.



New iPhone is hot property for Apple fans

The latest version of the iPhone was released last month, above, accompanied by the usual white heat of publicity that marks any Apple product launch. Since then users have found it, quite literally, too hot to handle, with multiple reports of the device overheating and even the white cases becoming discoloured.

Silverfleet skins up for popular sausage group

The private equity megadeal was one of the first casualties of the downturn as the debt market that funded deals for companies including Alliance Boots disappeared. The buyout groups have been "spending time with their portfolio companies" – a euphemism for not splashing out on new deals – but there is a bit of activity bubbling under. The rumour is that Silverfleet Capital is in talks to buy Kalle Nalo, which makes sausage skins and has been under the ownership of two other buyout firms. No wonder it's popular with buyout firms – the recession means that most of those still in existence don't have a sausage between them.

132 Number of the day

The diminishing band of FSA regulators from the Bank of England after 393 were transferred 11 years ago.

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksA special investigation by Andy McSmith
  • Get to the point
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

Ashdown Group: Treasury Assistant - Accounts Assistant - London, Old Street

£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...

Ashdown Group: Business Analyst - Financial Services - City, London

£50000 - £55000 per annum: Ashdown Group: Business Analyst - Financial Service...

SThree: Trainee Recruitment Consultant

£18000 - £23000 per annum + OTE £45K: SThree: At SThree, we like to be differe...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + competitive: SThree: Did you know? SThree is the o...

Day In a Page

General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband

Chuka Umunna: A virus of racism runs through Ukip

The shadow business secretary on the benefits of immigration, humility – and his leader Ed Miliband
Yemen crisis: This exotic war will soon become Europe's problem

Yemen's exotic war will soon affect Europe

Terrorism and boatloads of desperate migrants will be the outcome of the Saudi air campaign, says Patrick Cockburn
Marginal Streets project aims to document voters in the run-up to the General Election

Marginal Streets project documents voters

Independent photographers Joseph Fox and Orlando Gili are uploading two portraits of constituents to their website for each day of the campaign
Game of Thrones: Visit the real-life kingdom of Westeros to see where violent history ends and telly tourism begins

The real-life kingdom of Westeros

Is there something a little uncomfortable about Game of Thrones shooting in Northern Ireland?
How to survive a social-media mauling, by the tough women of Twitter

How to survive a Twitter mauling

Mary Beard, Caroline Criado-Perez, Louise Mensch, Bunny La Roche and Courtney Barrasford reveal how to trounce the trolls
Gallipoli centenary: At dawn, the young remember the young who perished in one of the First World War's bloodiest battles

At dawn, the young remember the young

A century ago, soldiers of the Empire – many no more than boys – spilt on to Gallipoli’s beaches. On this 100th Anzac Day, there are personal, poetic tributes to their sacrifice
Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves

Follow the money as never before

Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves, reports Rupert Cornwell
Samuel West interview: The actor and director on austerity, unionisation, and not mentioning his famous parents

Samuel West interview

The actor and director on austerity, unionisation, and not mentioning his famous parents
General Election 2015: Imagine if the leading political parties were fashion labels

Imagine if the leading political parties were fashion labels

Fashion editor, Alexander Fury, on what the leaders' appearances tell us about them
Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

The architect of the HeForShe movement and head of UN Women on the world's failure to combat domestic violence
Public relations as 'art'? Surely not

Confessions of a former PR man

The 'art' of public relations is being celebrated by the V&A museum, triggering some happy memories for DJ Taylor
Bill Granger recipes: Our chef succumbs to his sugar cravings with super-luxurious sweet treats

Bill Granger's luxurious sweet treats

Our chef loves to stop for 30 minutes to catch up on the day's gossip, while nibbling on something sweet
London Marathon 2015: Paula Radcliffe and the mother of all goodbyes

The mother of all goodbyes

Paula Radcliffe's farewell to the London Marathon will be a family affair
Everton vs Manchester United: Steven Naismith demands 'better' if Toffees are to upset the odds against United

Steven Naismith: 'We know we must do better'

The Everton forward explains the reasons behind club's decline this season
Arsenal vs Chelsea: Praise to Arsene Wenger for having the courage of his convictions

Michael Calvin's Last Word

Praise to Wenger for having the courage of his convictions