Business Diary: A one-horse race at the LSE?
Tuesday 05 July 2011
We hear one of the stumbling blocks to a deal between Nasdaq and the London Stock Exchange is the question of leadership – specifically whether the former's Bob Greifeld or the latter's Xavier Rolet would get the top job in the event of a merger. It's a curious debate – after all, the reason the LSE is in play is that Rolet, for all the good work he has done since taking over in London two years ago, made such a mess of the merger with Canada's TMX. Wouldn't it be a little peculiar to see him get a promotion off the back of that?
A rare celebration for the euro
Our congratulations to Helmut Andexlinger, who has just won a eurozone-wide competition to design a new €2 coin to commemorate the 10th anniversary of the single currency. This will be only the third time that coins have been issued with one design on the side normally reserved for national symbols. Still, the Austrian won after a public vote on five shortlisted designs – and any disgruntled losers in the contest might want to ask for a recount, with all Greek votes excluded.
Bank bosses face a public vote
Bruce Packard, the well-regarded banking analyst at Seymour Pierce, seems to have taken exception to a speech made last week by Marcus Agius, thechairman of Barclays Bank, in which he appeared to suggest investors would not put up with lower returns as a price worth paying for banking reforms. "We think that it is not the shareholders, the institutions and pension funds which are being unrealistic, it is the managers of banks who are not prepared to accept 'utility-type returns'," Packard wrote in a note to clients yesterday. And to prove a point, he's conducting a poll of investors' views. We look forward to the results of the vote with great interest.
Topshop finds itself a neighbour
This is a novel alliance: Travelodge is teaming up with Sir Philip Green's Arcadia Group, the owner of Topshop, opening the latest of its budget hotels above the Princes Street branch of the retailer in Edinburgh. The deal works commercially for both parties, but especially well for Travelodge customers one imagines – handy if you forget your pyjamas, say.
Emergency call 'started off dumb, but got pretty serious'
Britain First criticised for using actress's memory to draw attention to their 'hate-filled home page'
Thought you'd seen it all after the Jeremy Paxman interview?
Greatest mystery about the hit BBC1 show is how it continues to be made at all, writes Grace Dent
"History is violent," says the US Army tank commander Don "Wardaddy" Collier
- 1 This 'woman calls police to order pizza' story isn't going where you're expecting
- 2 Axe wielding man shot dead after attacking four New York policemen on busy street
- 3 Watch what happened when food critics were unknowingly served McDonald's
- 4 Jimmy Carr's Oscar Pistorius joke goes a bit too far at the Q Awards
- 5 Ottawa shootings: Bruce MacKinnon's cartoon is the perfect tribute to soldier Nathan Cirillo
Renee Zellweger on plastic surgery rumours: 'I'm living a more fulfilling life and I'm thrilled that perhaps it shows'
This 'woman calls police to order pizza' story isn't going where you're expecting
FCKH8: YouTube reinstates provocative anti-sexism video showing young girls swearing
Axe wielding man shot dead after attacking four New York policemen on busy street
Diwali: What is the festival of lights – and how is it celebrated around the world?
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Residents should throw a street party and mix with immigrant neighbours, councils told
Attacks on 'Ukip Calypso' show how skewed people’s priorities are
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