Business Diary: Corus doing better, but only in France
Wednesday 16 December 2009
Good news from the steel firm Corus. No, it isn't intending to keep its Teesside steelworks open after all, but it is proud to announce that it will invest €35m in one of its facilities in France, having won a contract from the state-owned railway company, SNCF. We could do something similar in this country, of course, had we not privatised the railways.
Ryanair fails to spot an open goal
What's going on at Ryanair? It has been two days now since the British Airways strike was announced, yet the Irish budget carrier still hasn't dispatched a press release revelling in its rival's misery. Normally it gets something out within minutes. Instead, the vacuum has been filled by BMI, which wants the world to know that it "will do all we can to assist passengers who have been caught up in the dispute".
Why Accenture should have raised Tiger's pay
Top marks to Campaign magazine's Rory Sutherland, who makes this point on his blog about Accenture's decision to dump Tiger Woods. "Surely Tiger's decision to outsource sexual services to a range of competing providers is in line with management consultancy's established best practice?" he writes. "The arrangement where he could have anything from nil to three girls on call at any one time allows for better load-balancing, enabling him to handle the peaks and troughs of demand better than under the previous inflexible arrangement."
Bankers can't depend on beating bonus tax
Eversheds makes a good point about Alistair Darling's new bank bonus tax. Though it applies to awards made in the 2009-10 tax year, the detail of the legislation governing the charge isn't due until after that period has ended, the City law firm points out. It may be tougher to dodge this one than expected then.
No need to put these goodies on expenses
Happy news for freeloading MPs. Cadbury's is taking its campaign against a Kraft buyout to the House of Commons today, and promises free chocolate all round.
Number of the day: £39bn
The rise in value of homes in Britain during 2009, according to Zoopla, following an £811bn slump in 2008.
- 1 Malaysia issues arrest warrant for Gordon Brown’s sister-in-law after she publishes stories on leader Najib Razak's financial affairs
- 2 Porn block in India: hundreds of sexual websites banned, internet outraged
- 3 Natalia Molchanova: World's most successful free-driver is missing and feared dead after disappearing in Mediterranean
- 4 Dutch King Willem-Alexander declares the end of the welfare state
- 5 Gamers confess the worst things they've done in The Sims
Jackie Chan in second place in Forbes' Highest Paid Actors list after magazine includes actors working outside US movie industry
Malaysia issues arrest warrant for Gordon Brown’s sister-in-law after she publishes stories on leader Najib Razak's financial affairs
Natalia Molchanova: World's most successful free-driver is missing and feared dead after disappearing in Mediterranean
Giant Minion terrorises drivers in Ireland as 40ft inflatable blocks traffic on Dublin road
Dutch King Willem-Alexander declares the end of the welfare state
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
Chris Leslie: Jeremy Corbyn's anti-austerity agenda will harm the poor, says Labour shadow Chancellor
Landlords renting properties to illegal immigrants to face up to five years in prison
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
Labour leadership race: Jeremy Corbyn could be the next Prime Minister, says Ken Clarke
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