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.
- 1 Man who was struck and killed by lightning in Brecon Beacons 'was carrying a selfie stick'
- 2 Lisa Randolph-Gant: Queen Elsa cake maker says she will carry on baking and will not let people 'break her spirit'
- 3 Tube strike: This pedestrian-friendly map tells you the time it takes to walk between stations
- 4 Pamplona Running of the Bulls 2015: Three men gored and 10 hospitalised on first day of festival
- 5 Sarah Jessica Parker explains why she is not a feminist: 'It's not just about women now'
Man who was struck and killed by lightning in Brecon Beacons 'was carrying a selfie stick'
Greece debt crisis: Greek future in the euro slips into deeper uncertainty as Alexis Tsipras arrives at emergency talks without a written plan
Man soars over Calgary after tying 110 balloons filled with helium to his lawn chair for PR stunt, gets arrested for mischief
Tube strike: This pedestrian-friendly map tells you the time it takes to walk between stations
Pamplona Running of the Bulls 2015: Three men gored and 10 hospitalised on first day of festival
More Britons believe that multiculturalism makes the country worse - not better, says poll
Osborne to cap family benefits at £23,000 – announced ahead of his post-election Budget
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Sickness and disability benefits could be reduced by £30 a week as part of £12bn welfare cuts
Greece debt crisis: Angela Merkel and Francois Hollande issue Athens with 24-hour ultimatum to avoid crashing out of the euro
Greece crisis: Referendum exposes a gaping hole at the heart of the European Union – its lack of genuine legitimacy
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