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 Al Pacino on suffering from depression: 'It can last and it's terrifying'
- 2 Half of young women unable to ‘locate vagina’ and 65% find it difficult to say the word
- 3 Saudis risk new Muslim division with proposal to move Mohamed’s tomb
- 4 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 5 Mexican woman becomes world’s 'oldest person' at 127
Perez Hilton apologises for publishing Jennifer Lawrence naked photo leak
Jennifer Lawrence 'nude photo hacker' claims there are hundreds more celebrity images to come
Victoria Justice on naked photo leak: 'Let me nip this in the bud right now – pun intended'
Saudis risk new Muslim division with proposal to move Mohamed’s tomb
Ariana Grande nude photos leak: Pictures are completely fake, say singer's representatives
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Ashya King: Parents of five-year-old boy refused permission to visit him in hospital and denied bail at Spanish court
With Douglas Carswell joining Ukip, my party has taken another giant step forward
When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
Ashya King: 'Cruel NHS has not given us the treatment we need', says father of five-year-old with brain tumour who fled to Spain
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