Business Diary: Brunswick to miss SAB windfall
Friday 19 August 2011
Bad news for Brunswick, one of the City's all-powerful public relations agencies. With SAB Miller in the middle of a hostile takeover battle for Fosters, the agency should be rubbing its hands with glee at the thought of all the lucrative fees coming its way. Unfortunately, PR Week reports that Brunswick and SAB are about to have a parting of the ways. It's all terribly amicable apparently, but the timing could hardly be worse.
BarCap licks its wounds in private
Still no word from Barclays on what it thinks about the departure of star commodities trader Todd Edgar. Although the story has been around all week, the bank's Barclays Capital arm seems reluctant to go on the record about it. Could that be because people at the top are feeling just a little sensitive about his departure? After all, it is only a couple of years since Barclays lured the trader and his team from JP Morgan with a package thought to be worth $50m (£30m). JP Morgan was thoroughly sick about it at the time – a case of the biter bitten?
Peston's influence spreads at Beeb
Robert Peston isn't the only BBC reporter eager to make sure everyone knows when he's first with the news, it seems. The Beeb's sports editor David Bond took to the airwaves and the internet yesterday breathlessly breaking the news that Manchester United is about to sell a stake of the football club on the Singapore stock exchange. If that story sounds just a little bit familiar it's because, despite the usual "BBC learns" formulation, it was in every British newspaper on Wednesday (the news having been revealed on Tuesday by IFR, a specialist financial publication).
Lord Sugar takes a battering
He is not a happy man. As the Diary revealed earlier this week, Lord Sugar reckoned he had spotted a bargain courtesy of the latest stock market volatility, so last Friday he took the brave decision to pile into banking stocks. Brave but misguided as it now turns out. Hence yesterday's howl of pain: "My bank investments are going south." He's certainly right about that, though blaming his broker, not mentioned when he first invested, seems a bit harsh.
- 1 Benedict Cumberbatch says Hollywood is better for black British actors: 'I think as far as coloured actors go it gets really difficult in the UK'
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 3 UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
- 4 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 5 Warriors in ancient Iraq suffered Post-Traumatic Stress Disorder more than 3,000 years ago, say researchers
Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
US blames Russia after rocket attacks in Ukraine kill at least 30
Warriors in ancient Iraq suffered Post-Traumatic Stress Disorder more than 3,000 years ago, say researchers
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
British Muslim school children suffering a backlash of abuse following Paris attacks
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
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