Business Diary: Did Steve Cohen see the future?
Monday 28 March 2011
Hedge fund managers seem to instinctively know when to buy and sell assets – that's why they're good at the job. Take Steve Cohen, the fabled US fund manager. The Wall Street Journal reports that two weeks ago, he asked a high-end auctioneer to sell his Andy Warhol portrait of Elizabeth Taylor at a sale in May. The death of the fabled star of the silver screen last week has now seen its likely sale price soar.
Another royal wedding killjoy
Take your hat off to Jim Venables, the managing director of a firm called officebroker.com. Like a number of other businesses' bosses he's told staff that they can't have the day off for the royal wedding – though it has been declared a bank holiday. But while most bosses are defensive about doing so, Venables is publicising his decision very proudly. "Why can't William and Kate get married on a Saturday like everyone else?" he complains. "We're not having it. We will be working like it's any other day, just getting on with it."
E&Y squashes the competition
Just as the Diary predicted, Ernst & Young trashed the competition in the corporate squash competition that has been held at Canary Wharf in recent weeks. It beat the investment bank Credit Suisse in a final that wasn't particularly hotly contested. But the accountancy really can't be too proud of itself – as the Diary has revealed, it employed the services of Peter Marshall. He's a bona fide staffer at the firm but also a former professional squash player who once topped the world rankings. Something of an unfair advantage you might say.
Royal touch to money campaign
The campaign to improve youngsters' awareness of money matters is a worthwhile one, but quite tough to sell sometimes. One can certainly see why the Personal Finance Education Group might want a bit of a celebrity endorsement for the launch of My Money Week 2011, which took place last week at the Brookside Primary School. Still, was the Duchess of Cornwall really the perfect celebrity for the launch? No snub to the former Camilla Parker Bowles is intended, but it is not as if she really has to watch the pennies these days.
Sales of the tablet are set to fall again, say analysts
Met Police confirm there was a 'minor disturbance' and that no-one was arrested
George Lucas criticises the major Hollywood film studios
Does Chris Grayling realise what a vague concept he is dealing with?
Trend which requires crisps, a fork and a strong stomach is sweeping Mexico's streets
Parties threaten resort's image as a family destination
I Am Bread could actually be a challenging and nuanced title
- 1 Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
- 2 Banksy arrest hoax: Internet duped by fake report claiming that the street artist's identity has been revealed
- 3 Are you ready for Crazy Doritos, the red-hot snack food craze sweeping Mexico’s streets?
- 4 Drink alcohol and eat meat to improve male fertility - but cut down on coffee, studies suggest
- 5 Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
Isis in Kobani: US loses patience with Turkey and resupplies Kurdish fighters by plane - then Ankara allows reinforcements through
Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
Banksy arrest hoax: Internet duped by fake report claiming that the street artist's identity has been revealed
Super-sized ships: How big can they get?
Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
London bus driver allegedly kicks gay couple off for kissing
Russell Brand threatened with arrest after filming outside Fox News headquarters
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'
Lord Freud: Tory welfare minister apologises after saying disabled people are 'not worth’ the minimum wage
iJobs Money & Business
£18 - 23k + Benefits: Guru Careers: We are seeking a Customer Service Executiv...
£60 - 65k + Benefits: Guru Careers: We are seeking a ASP.NET Web Developer / ....
£60,000 - £80,000: Saxton Leigh: Our client is an leading Asset Manager based...
£27000 - £32000 Per Annum: Clearwater People Solutions Ltd: Our large charity ...