Business Diary: Glencore keeps us waiting – again
Thursday 05 May 2011
Glencore still hasn't got the hang of this transparency lark, it would seem. When it first announced its intention to float a few weeks back, it sort of forgot to appoint a chairman until eight hours after unveiling its IPO. Yesterday saw a similar phenomenon when the pricing of the offer was revealed at 7am. Was there a prospectus to explain what investors were being offered? Of course – but not one that was publicly available until well into the afternoon.
Disney's man with the muscles
Philippe Gas, the chief executive of Euro Disney, is a man who does not know his own strength. The Diary met up with Mr Gas yesterday at the über-posh Berkeley Hotel – and was shocked when Mickey Mouse's boss snapped the arm of one of its expensive-looking chairs while making a point particularly enthusiastically. Has the Disney magic given the Frenchman superpowers? If so, he needs to be a little more careful.
Fidelity's effort just sucks
Ever since Goldman Sachs's Jim O'Neill invented the term "Bric" a decade ago to describe the surging economies of Brazil, Russia, India and China, rival economists have been coming up with their own clever little sobriquets in the hope of coining a phrase for everyday language too. But we're not sure the team at Fidelity have cracked it with "Mint". Their acronym covers Mexico, Indonesia, Nigeria and Turkey, which Fidelity reckons are the next tier down. Maybe so, but mints just make us want to suck.
When gardeners get angry
More proof that you can't please all the people all the time. In response to a long-standing campaign by business groups, the Government is currently thinking of shifting one of the spring bank holidays to the autumn, where it might be less disruptive. Most of the private sector is in support – but not so the Horticultural Trades Association, which is furious. "May Day marks the time when frosts have diminished and bedding and tender plants can start to be planted outside," it complains. "The long weekend presents an important 'gardening window' that allows the gardening public to implement key spring garden tasks at the time when they need to be done."
- 1 This restaurant has misunderstood the concept of 'cheese and biscuits'
- 2 Raif Badawi, the Saudi Arabian blogger sentenced to 1,000 lashes, may now face death penalty
- 3 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 4 PornHub turns masturbation into energy in bid to save the planet
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
Raif Badawi, the Saudi Arabian blogger sentenced to 1,000 lashes, may now face death penalty
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
PornHub turns masturbation into energy in bid to save the planet
Spiritual leader allegedly manipulated 400 men into removing testicles to be 'closer to God'
The 'sex selfie stick' lets you FaceTime the inside of a vagina
New theory could prove how life began and disprove God
This is what it's like to be dead, according to a guy who died for a bit
End of the licence fee: BBC to back radical overhaul of how it is funded
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Ukip would cut billions from Scottish budget to fund English tax cuts
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
iJobs Money & Business
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£15000 - £16000 per annum: Recruitment Genius: A Customer Service Advisor is r...
£22000 per annum + pension,bonus,career progression: Ashdown Group: An establi...
£40000 - £50000 per annum + pro rata: SThree: SThree Group have been well esta...