Business Diary: E&Y set to take squash title

The Canary Wharf & Square Mile Corporate Challenge is hotting up – and if you want to make a few quid from the squash tournament that pits the staff of City firms against each other, put your cash on Ernst & Young. Already in the semis, it will take on PricewaterhouseCoopers for a place in the final against Credit Suisse or the Financial Services Authority. How can we be so confident? Well, E&Y is represented by an employee, a certain Peter Marshall. His work at the firm is his second career – he was previously a professional squash player. A former world number two, in fact. So unless E&Y's rivals had the foresight to hire a former world number one, they don't stand a chance.



Yet more pornat the SEC

Remember the scandal at the Securities and Exchange Commission last year, when a senior staffer got into trouble after spending hours at work looking at pornographic websites? After that business, the US regulator thought an audit of staff's internet use might be a wise move. It has now turned up 33 similar cases – half of those caught out were on salaries of more than $100,000 a year.



More than just handbags

It is getting nasty at Hermès, the posh bags company, which is upset about the way LVMH has been raising its stake in the company. First, Hermès' chief executive, Patrick Thomas, said this of LVMH: "If you want to seduce a beautiful woman, you don't start by raping her from behind." Now Bertrand Puech, head of the Hermès founding family, has described the current situation as being like the period between September 1939 and May 1940, when the Second World War had been declared but hadn't got going. A sly dig at LVMH's ownership of Christian Dior, where designer John Galliano has just been fired for a racist outburst that complimented Hitler?



Just don't let Raj see red

A tip for the defence team of Raj Rajaratnam, the Galleon hedge fund boss on trial on insider dealing charges: keep anyone in the courtroom wearing red out of his line of sight. A former employee at Galleon tells the Dealbreaker gossip site that just a glimpse of people wearing red, the colour of trading losses, sends the man into a rage.

businessdiary@independent.co.uk

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Sales Assistant / Buyer

£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...

Recruitment Genius: Customer Service Advisor

£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....

Recruitment Genius: Compliance Manager

£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...

Day In a Page

The Greek referendum exposes a gaping hole at the heart of the European Union – its distinct lack of any genuine popular legitimacy

Gaping hole at the heart of the European Union

Treatment of Greece has shown up a lack of genuine legitimacy
Number of young homeless in Britain 'more than three times the official figures'

'Everything changed when I went to the hostel'

Number of young homeless people in Britain is 'more than three times the official figures'
Compton Cricket Club

Compton Cricket Club

Portraits of LA cricketers from notorious suburb to be displayed in London
London now the global money-laundering centre for the drug trade, says crime expert

Wlecome to London, drug money-laundering centre for the world

'Mexico is its heart and London is its head'
The Buddhist temple minutes from Centre Court that helps a winner keep on winning

The Buddhist temple minutes from Centre Court

It helps a winner keep on winning
Is this the future of flying: battery-powered planes made of plastic, and without flight decks?

Is this the future of flying?

Battery-powered planes made of plastic, and without flight decks
Isis are barbarians – but the Caliphate is a dream at the heart of all Muslim traditions

Isis are barbarians

but the Caliphate is an ancient Muslim ideal
The Brink's-Mat curse strikes again: three tons of stolen gold that brought only grief

Curse of Brink's Mat strikes again

Death of John 'Goldfinger' Palmer the latest killing related to 1983 heist
Greece debt crisis: 'The ministers talk to us about miracles' – why Greeks are cynical ahead of the bailout referendum

'The ministers talk to us about miracles'

Why Greeks are cynical ahead of the bailout referendum
Call of the wild: How science is learning to decode the way animals communicate

Call of the wild

How science is learning to decode the way animals communicate
Greece debt crisis: What happened to democracy when it’s a case of 'Vote Yes or else'?

'The economic collapse has happened. What is at risk now is democracy...'

If it doesn’t work in Europe, how is it supposed to work in India or the Middle East, asks Robert Fisk
The science of swearing: What lies behind the use of four-letter words?

The science of swearing

What lies behind the use of four-letter words?
The Real Stories of Migrant Britain: Clive fled from Zimbabwe - now it won't have him back

The Real Stories of Migrant Britain

Clive fled from Zimbabwe - now it won’t have him back
Africa on the menu: Three foodie friends want to popularise dishes from the continent

Africa on the menu

Three foodie friends want to popularise dishes from the hot new continent
Donna Karan is stepping down after 30 years - so who will fill the DKNY creator's boots?

Who will fill Donna Karan's boots?

The designer is stepping down as Chief Designer of DKNY after 30 years. Alexander Fury looks back at the career of 'America's Chanel'