Business Diary: Bankers who know the meaning of charity

Click to follow
The Independent Online

Anticipation is hotting up for the annual Standard Chartered Great City Race, with the starting gun to fired less than a week from now. It will be especially hot for two poor chaps, who have agreed to dress as tubes of toothpaste, to slog around the 5km course promoting StanChart's good name. The race supports the Seeing is Believing charity, which hopes to eradicate avoidable blindness, and the organisers hope to beat last year's total of £75,000. The two joggers will be in good company with more than 6,500 runners from companies across all financial sectors lining up to beat their fiercest rivals.

CBI look for brains behind Satyam scam

Things are looking uncomfortable for Ramalinga Raju, the disgraced founder of IT services group Satyam, who admitted to a 78 billion rupee accounting fraud in January. As if residing in jail wasn't enough, the Indian law enforcement agency investigating the case was yesterday cleared to subject Raju not only to a lie-detector test but also something called brain mapping. Ouch.

Canary Wharf dwellers get jet set lifestyle

Property at Canary Wharf has been a big issue this week. First, Nomura sparked debate about the attraction of London's Docklands as a business centre by announcing plans to decamp to the City. Now it's the turn of the residents to feel aggrieved after Newham Borough Council approved an increase in flights in and out of City Airport, from the current 80,000 a year to more than 120,000. Bankers who bought penthouses during the boom years may have seen both their bank and hearing disappear in the same week.

ITV ratings beaten by Andy Murray winner

Poor old ITV. The commercial broadcaster is struggling in the most difficult economic environment in living memory, has yet to appoint a new chief executive and has big shows like Britain's Got Talent off air. The situation worsened last month as ITV1 recorded its lowest monthly audience share since reliable records began in 1994. Why the summer rut? Well, hot weather kept many viewers outside, while those staying in were glued to Andy Murray's exploits at Wimbledon on the BBC. Double fault.

Number of the day: 23.8%

The fall in value of trades on the LSE, compared with their daily average, during the first two days of the Ashes.