Business Diary: 24/10/2009
Saturday 24 October 2009
Murdoch's board all look the same
James Murdoch was on good form at Sky's AGM yesterday, gently chiding one shareholder who asked why the broadcaster did not screen a more ethnically diverse range of shows. His answer, that "Sky is all about inclusiveness; we strive to do that", was only slightly undermined by the company's board, who were all sat behind him. It consisted of 13 white men and one white woman.
The mystery of the black horse
Ian Gordon, a banking analyst at Exane, sums up perfectly the situation at Lloyds Banking Group in a note pointing out that, depending on who you believe, the bank could come up with a massive jumbo rights issue as soon as this week, or do nothing at all for the next month. The truth, as Mr Gordon added in his briefing, is that nobody knows. Perhaps it's time the bank told us.
A rare (and shortlived) triumph for NatEx
Guess which train operator tops the tables in the latest survey from the Office of Rail Regulation. You got it: step forward National Express, taking the title of the most improved operator, thanks to a very impressive rise in punctuality on its East Coast Main Line franchise during the first three months of the year. It won't be in the tables next year, mind you, since the Government has since stripped the company of the contract.
BBC bosses have cancelled Christmas
More controversy at the BBC. The decision to invite Nick Griffin on to Question Time caused plenty of grief, with staff – like the wider public – split on the rights and wrongs of the issue. But scrapping the Christmas party allowance, a move that was announced internally this week, prompted a much more united response – of fury. Last year, the Beeb halved the allowance – which was once £50 per staff member – but has now abolished it altogether.
Number of the day: 0.2%
The average forecast for third-quarter GDP growth made by 33 economists on Thursday. The figure was -0.4 per cent.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
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