Business Diary: 19/10/2009
Monday 19 October 2009
The Wheels come off at National Express
Spinners at the troubled transport business National Express have spent much of the weekend trying to tell anyone who will listen that holding a rights issue had been their plan all along, and that the takeover by Spain's Cosmen family, which was aborted on Friday with ruinous effect on the share price, was only ever a Plan B. Keep telling yourself that, chaps.
Clydesdale still proud to be Scottish
Good to see that Scotland's financial community has not let the problems of Royal Bank of Scotland and HBOS dent its confidence – new £20 notes issued today by Clydesdale Bank, now Scotland's biggest issuer of notes, feature Robert the Bruce. That should terrify the Sassenachs.
Will Peston be silenced?
Robert Peston's widely followed blog – loved and hated in equal measure – could be at risk as the ever over-sensitive BBC continues panicking following the Jonathan Ross affair. The Beeb has told all its bloggers that they must not publish opinion pieces online – cue a string of complaints to Auntie about the opinionated blog of the BBC's business editor.
Dodgy directors still getting away with it
After the scandal we've had, we can presumably rest assured that dodgy businessmen and women are drummed out of the world of commerce much more quickly these days. Don't believe it – R3, the insolvency group, says that three in four of the iffy directors it refers to the Insolvency Service evade disqualification.
Number of the day: £700m
Proposed cost of regenerating Preston City Centre, now threatened after one of the developers withdrew
- 1 Liam Gallagher brands Kanye West 'utter s**t' during BRIT Awards performance
- 2 Isis burns thousands of books and rare manuscripts from Mosul's libraries
- 3 People who sleep more than eight hours are more likely to have a stroke, research shows
- 4 Kanye West climbs on table at Nando's to crowd chants of 'Yeezus' before Brit Awards 2015 performance of 'All Day'
- 5 New theory could prove how life began and disprove God
Ukraine crisis: Putin will cut gas to Europe unless Russia is paid by the end of the week
Liam Gallagher brands Kanye West 'utter s**t' during BRIT Awards performance
Isis burns thousands of books and rare manuscripts from Mosul's libraries
Mohammed Emwazi: Nine things we now know about man named as Isis militant 'Jihadi John'
Kanye West climbs on table at Nando's to crowd chants of 'Yeezus' before Brit Awards 2015 performance of 'All Day'
Oscars 2015: Birdman beats Boyhood as Eddie Redmayne and Patricia Arquette win big - as it happened
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East
Russia's roadmap for annexing eastern Ukraine 'leaked from Vladimir Putin's office'
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