Business Diary: Battle of the banks is on
Wednesday 24 August 2011
Hats off to the Chartered Institute for Securities & Investment, for its plan to hold a fascinating debate – The City: Asset or Liability? – next month. It will pit Angela Knight, the former Economic Secretary to the Treasury who these days runs the British Bankers' Association, against Chuka Umunna, the Streatham MP and former member of the Treasury Select Committee who is carving out a name for himself, not least as a critic of the banks'. That's a recipe for fireworks, we reckon.
Stealth brand to break its cover
So what exactly is a "stealth brand"? We ask only because that is how Barracuda Pub Group says it has been operating its Smith & Jones brand over the past decade – it now plans to relaunch the pub chain with a more active promotional strategy. It rather sounds to us naive souls as if stealth is a straightforward synonym for not properly marketed or just plain ignored, but then we're not marketing gurus.
Rocking all over Wall Street
Happy news for anyone in search of a new investment management service: there's a new business coming that might just interest you. Former Guns N' Roses bassist Duff McKagan plans to launch his new asset management firm in October, he's announced, though there are apparently a few appointments still to make. McKagan got into finance almost 20 years ago – while recovering from a serious illness, he spent some time ploughing through Guns N' Roses' financial reports and realised he couldn't understand a word of them. He took some finance lessons, got more interested and ended up giving advice to fellow musicians. Now he's going full time.
Budweiser toasts FA Cup success
Budweiser made history at the weekend by screening the first ever FA Cup match on its fan page on Facebook – the extra preliminary qualifying round between Ascot and Wembley. The news on the viewing figures is surprisingly good, we hear – 27,000 people tuned in to watch the game on Friday evening. Will there be a repeat of the experiment in future rounds of the tournament? Maybe Budweiser should stick with Wembley, who won 2-1.
Oscar Pistorius trial: Defence's own witness contradicts athlete's version of events
Oscar Pistorius trial: The case against Oscar Pistorius – and why the prosecution claims his story doesn't add up
South Korea ferry: Captain Lee Joon-seok could face criminal investigation as over 280 remain missing
Peaches Geldof dead: Private funeral for the family and friends of the socialite will take place next week
Shropshire criminals ‘using unmanned drones and infrared cameras to find illegal cannabis farms’ – and then steal from the growers
The food poverty scandal that shames Britain: Nearly 1m people rely on handouts to eat – and benefit reforms may be to blame
US Navy christens huge $3 billion destroyer ship USS Zumwalt that appears as a fishing boat on enemy radar
Scottish independence: It is the English who should be on their knees, begging the Scots to vote ‘No’
Nigel Farage fatigue? Half of voters ‘immune’ to Ukip’s appeal
Nigel Farage on Have I Got News For You: Ukip leader ridiculed over expenses and party 'fruitcakes'
Nigel Farage: I’m taking on the status quo, and the Establishment’s fighting back
- 1 Poveglia: 'World's most haunted island' up for sale...is anyone brave enough to buy it?
- 2 The Hobbit: There and Back Again set for possible title change
- 3 Video of British Muslims dancing to Pharrell Williams's hit Happy attacked as 'sinful'
- 4 24 people applied for the 'world's toughest job', here are their interviews
- 5 Andre Johnson: Wu-Tang Clan-discovered rapper severed his penis and jumped from LA building
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