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.
Returning to the stage after 20 years makes actress feel 'nauseous'
Undergraduates will be able to study beatboxing and performance poetry at one of Europe’s leading conservatoires for the first time, after the Guildhall School of Music and Drama revealed plans for a “groundbreaking” degree course.
- 1 Scottish independence: Ireland since 1919 is a lesson for Scotland in what a Yes vote means
- 2 Watch a man race the Circle line - and win
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 4 Grandmas keep accidentally tagging themselves as Grandmaster Flash on Facebook
- 5 Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Islamic State: Pope is 'being targeted by Isis', Iraqi ambassador to the Holy See warns
Jennifer Lawrence and Kate Upton nude pictures exhibition cancelled after artist concedes photos were 'stolen property'
Scotland independence: A nation divided against itself: Brown says SNP are liars. Darling joins in. Salmond fights back
John Travolta addresses former pilot's gay romance allegations publicly for the first time: 'That was the lowest I'd ever felt'
Richard III: Two years after his body was found scientists discover how he died
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
Portuguese academic says British are 'filthy, violent and drunk'
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
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