Business Diary: 27/03/2010

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The Independent Online

Looking for relief at a time of stress

What were the regulators up to when the global financial system was crashing?

The gossip site Gawker reports that the Securities and Exchange Commission has had a problem with one of its Los Angeles-based supervisors. The gentleman in question has admitted to using his SEC computer to access internet pornography 1,800 times over a 17-day period at the height of the credit crunch in August 2008.

Mervyn misses Alistair's big day

What did Mervyn King think of the Budget? Not enough to watch it is the short answer, since he was having a spot of lunch. Lloyd Dorfman, the Travelex boss, reveals that at the exact time Darling was speaking on Wednesday, he was dining with the Bank of England Governor.

Sorrell put on the spot over PR firm

Good to see business leaders given the chance to take part in the national debate, but was Sir Martin Sorrell, right, ambushed on BBC's Question Time on Thursday evening? The WPP boss certainly looked pretty taken aback when host David Dimbleby asked him about dinners that had been arranged between senior politicians and clients by one of the PR agencies WPP co-owns.

SAB Miller bags brace

A good week for brewer SAB Miller. Not only has it snaffled up the rights to sell beer at the football World Cup in South Africa, but chief executive Graham Mackay snared the title of Business Leader of the Year at CNBC's European Business Leader Awards. Drinks all round.

Taxi for Lord Myners

The banks can't wait to get rid of Lord Myners, the City minister, but at least doors back in the private sector keep opening. The M&S chairmanship, which he once held, has been up for grabs for a while, and now there's also a vacancy at the top of Guardian Media Group, another former stamping ground.

Number of the day: £164,555

The average value of a property in the UK in February, according to data from the Land Registry.

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