Business Diary: Are sour grapes on the menu at Goldman?

Click to follow
The Independent Online

More now on Goldman Sachs, which made a few headlines last week with a report calling the top of the commodities market. Unkind folk on internet gossip sites are now wondering out loud whether Goldman's downbeat assessment of the sector has anything to do with the fact it hasn't got a slice of the action in the hundreds of millions of pounds being earned by the advisers on the initial public offering of commodities trader Glencore. We're happy to say that we can't imagine Goldman ever behaving that way.



Capital news for London economy

Good news for the London economy and for property developers in particular. BNP Paribas Real Estate reckons the financial services sector in the capital is now really beginning to move into hiring mode. It reckons they'll need 1.6 million square feet of extra space within the next three years – the equivalent of four skyscrapers of the same size of the Shard, which is now close to being completed, or five towers sized similar to the Heron building, which has now begun a search for tenants.



Twitter to get the Google treatment

It isn't just a British phenomenon to build people up so that you can knock them down again. Google is already getting used to the idea of a backlash, with the number of hostile stories about the search giant growing by the day. Now it appears that Twitter is set for some similar treatment. The latest issue of Fortune magazine carries a long piece entitled "Trouble @ Twitter". It begins: "Boardroom power plays, disgruntled founders, and CEO switcheroos are clipping the wings of this tech high flier".



Dragons' firm is cold on maths

Our congratulations to James Caan, the Dragons' Den man, who is proud to announce that his Entrepreneurs' Business Academy has foundits first million-pound man. Alyas Khan took some advice from the facility last year and has just seen his turnover hit £1.05m. Let's hope the academy isn't giving maths advice. It claims to have helped Khan "double" his turnover from "£517 in March 2010". There are some zeroes missing there somewhere.

businessdiary@independent.co.uk

Comments