Business Diary: A good day to bury bad banking news

The spirit of Jo Moore is alive and well at Britain's banks. The Labour spin doctor famously told colleagues that 11 September, the day of the terrorist attacks on the twin towers, was an opportunity to bury bad news. Yesterday, while Lloyds and Royal Bank of Scotland were announcing their latest bailouts, HSBC quietly revealed 1,700 job cuts and Barclays admitted its head of retail banking was quitting. Did they hope no one would notice?

Hornby keeps a low profile at Boots

Talking of operating below the radar screens, why wasn't Andy Hornby, chief executive of Alliance Boots, out and about talking up his company's results yesterday, which were pretty strong, after all? Perhaps Mr Hornby, who ran HBOS until he was forced to step down following its rescue takeover by Lloyds, feared no one would ask him about his new job.

The posties telling it like it is

For a heartfelt, honest explanation from postal staff on why they are striking, look no further than www.royalmailchat.co.uk, where the posties have set up a site to put their case to customers very reasonably. Still, there's a certain irony in the fact that the site carries advertising from Google including an invitation to check out alternative mail carriers to "beat the postal strike".

M&S is a victim of friendly fire

Marks & Spencer's first foray into aggressive advertising looks to have rather backfired. Earlier this week it published a series of ads meant to demonstrate that it competed very strongly against Waitrose on price. But the layout was so confusing, many people thought the ads were actually plugging Waitrose. They've had to be redesigned.

How Lenihan takes on the banking vampires

Brian Lenihan, Irish Finance Minister, has a reputation for driving a hard bargain in negotiations, but he has an unlikely secret weapon. A new book on Mr Lenihan reveals that he is in the habit of chewing raw garlic to help him stay sharp during

late-night negotiations on the economy and the banking crisis.

Number of the day: 7%

The collapse in the sale price of secondhand cars over the past month, according to Glass's Guide.

businessdiary@independent.co.uk

Start your day with The Independent, sign up for daily news emails
Arts and Entertainment
musicOfficial chart could be moved to accommodate Friday international release day
Sport
Wes Brown is sent-off
football
News
i100
Sport
Italy celebrate scoring their second try
six nations
Sport
Glenn Murray celebrates scoring against West Ham
footballWest Ham 1 Crystal Palace 3
Arts and Entertainment
Drake continues to tease ahead of the release of his new album
music
ebooks
ebooksA special investigation by Andy McSmith
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

SThree: HR Benefits Manager

£40000 - £50000 per annum + pro rata: SThree: SThree Group have been well esta...

Recruitment Genius: Office Manager / Financial Services

£30000 - £37000 per annum: Recruitment Genius: Established in 1999, a highly r...

Jemma Gent: Year End Accountant

£250-£300 Day Rate: Jemma Gent: Are you a qualified accountant with strong exp...

Jemma Gent: Management Accountant

£230 - £260 Day Rate: Jemma Gent: Do you want to stamp your footprint in histo...

Day In a Page

The Last Word: For the good of the game: why on earth don’t we leave Fifa?

Michael Calvin's Last Word

For the good of the game: why on earth don’t we leave Fifa?
HIV pill: Scientists hail discovery of 'game-changer' that cuts the risk of infection among gay men by 86%

Scientists hail daily pill that protects against HIV infection

Breakthrough in battle against global scourge – but will the NHS pay for it?
How we must adjust our lifestyles to nature: Welcome to the 'Anthropocene', the human epoch

Time to play God

Welcome to the 'Anthropocene', the human epoch where we may need to redefine nature itself
MacGyver returns, but with a difference: Handyman hero of classic 1980s TV series to be recast as a woman

MacGyver returns, but with a difference

Handyman hero of classic 1980s TV series to be recast as a woman
Tunnel renaissance: Why cities are hiding roads down in the ground

Tunnel renaissance

Why cities are hiding roads underground
'Backstreet Boys - Show 'Em What You're Made Of': An affectionate look at five middle-aged men

Boys to men

The Backstreet Boys might be middle-aged, married and have dodgy knees, but a heartfelt documentary reveals they’re not going gently into pop’s good night
Crufts 2015: Should foreign dogs be allowed to compete?

Crufts 2015

Should foreign dogs be allowed to compete?
10 best projectors

How to make your home cinema more cinematic: 10 best projectors

Want to recreate the big-screen experience in your sitting room? IndyBest sizes up gadgets to form your film-watching
Manchester City 1 Barcelona 2 player ratings: Luis Suarez? Lionel Messi? Joe Hart? Who was the star man?

Manchester City vs Barcelona player ratings

Luis Suarez? Lionel Messi? Joe Hart? Who was the star man at the Etihad?
Arsenal vs Monaco: Monaco - the making of Gunners' manager Arsene Wenger

Monaco: the making of Wenger

Jack Pitt-Brooke speaks to former players and learns the Frenchman’s man-management has always been one of his best skills
Cricket World Cup 2015: Chris Gayle - the West Indies' enigma lives up to his reputation

Chris Gayle: The West Indies' enigma

Some said the game's eternal rebel was washed up. As ever, he proved he writes the scripts by producing a blistering World Cup innings
In Ukraine a dark world of hybrid warfare and murky loyalties prevails

In Ukraine a dark world of hybrid warfare

This war in the shadows has been going on since the fall of Mr Yanukovych
'Birdman' and 'Bullets Over Broadway': Homage or plagiarism?

Homage or plagiarism?

'Birdman' shares much DNA with Woody Allen's 'Bullets Over Broadway'
Broadchurch ends as damp squib not even David Tennant can revive

A damp squib not even David Tennant can revive

Broadchurch, Series 2 finale, review
A Koi carp breeding pond, wall-mounted iPads and a bathroom with a 'wellness' shower: inside the mansion of Germany's 'Bishop of Bling'

Inside the mansion of Germany's 'Bishop of Bling'

A Koi carp breeding pond, wall-mounted iPads and a bathroom with a 'wellness' shower