Business Diary: From buses to gin palaces
Friday 04 June 2010
Brian Souter may be best known as one of the founders of the bus company Stagecoach, but he has no shortage of other interests – the odd bit of political dabbling, for example, not to mention the ownership of a New Zealand ferry operator. Now, however, he is moving into a slightly more upmarket form of travel. Souter Investments, his private investment vehicle, has just pumped £9.5m into Sunseeker, the luxury yacht manufacturer. Some people love buses, of course, but there's no denying this venture has a little more glamour to it.
Another bank target missed
So which investment bank's website very proudly proclaims in large letters: "Our aim is to be the world's most trusted and respected financial services institution"? Step forward JPMorgan – the quotation is attributed to the bank's chairman and chief executive officer Jamie Dimon. A worthy ambition indeed, but after yesterday's record £33m fine imposed on the bank by the Financial Services Authority, it is going to take just a little longer to achieve.
Forest through beer goggles?
Poor old Nottingham Forest missed out on a trip to Wembley and promotion to the Premier League after losing to Blackpool in the Championship play-off semi-final last month. Still, at least Forest have signed up extra support for next season, in the form of valuable sponsorship from Greene King IPA, now the official beer of the football club. Curiously, however, the pictures that Greene King dispatched alongside the announcement of the deal were of advertising boards at a football ground full of claret and blue seats. Every seat at Forest's City Ground is in the team colours of red.
Britain clocks up new milestone
It's another historic moment for Britain to celebrate. At 2.17pm yesterday, reports the Taxpayers' Alliance, the national debt passed £800bn for the first time. Courtesy of the pressure group, you can monitor our progress towards the magic £1trn mark at www.debt-clock.org.
elephant appealThe first 23 lots in our charity auction have now gone. But there are 22 more still up for grabs
The magicians using online collaboration to push boundaries
lifeIt takes year-long dedication to get Selfridges ready for 25 December. And they're already working on plans for 2015...
Jennifer Lawrence attacks mass media again over body image
Jennifer Lawrence: 'It should be illegal to call someone fat on TV'
Sun will 'flip upside down' within weeks, says Nasa
Ian Watkins: Police forces probed over earlier allegations as paedophile Lostprophets singer sentenced to 35 years for child sex offences
DNA from a 50,000 year old toe shows Neanderthals were highly inbred
Devyani Khobragade: India-US row escalates over arrest of diplomat in New York
- 1 America's 'virgin births'? One in 200 mothers 'became pregnant without having sex'
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 3 Ian Watkins: Police forces probed over earlier allegations as paedophile Lostprophets singer sentenced to 35 years for child sex offences
- 4 Christmas comes early: Justin Bieber announces he's 'retiring from music'
- 5 Children evacuated from swimming pool after prosthetic leg mistaken for paedophile
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