Business Diary: If you can't beat the bankers, join them
Friday 22 January 2010
Want to make a few quid at the bankers' expense? Well you could always take a punt on how much they are going to trouser this bonus season. Paddy Power will give you odds of 2/1 on a total UK payout of £7bn, or 8/1 on more than £10bn. Or go low, with a 12/1 shot on a total windfall of £3bn. That the lowest figure attracts the highest odds tells you what punters think about bankers' claims of restraint.
Sex and the City California style
Americans really go the extra mile in business disputes. When fund manager Jeffrey Gundlach left his Californian employer TCW to set up his own business, DoubleLine, the company sued him. So far, so straightforward. But then TCW searched Gundlach's offices and let it be known it had discovered 12 sexual "devices", 34 "hardcore pornographic magazines", and 36 "hardcore sexually explicit DVDs and videocassettes". Is Gundlach denying the haul? Not really, but he has written to clients of his new firm fuming about invasion of privacy and TCW's "salacious disclosure".
A curious moment for a sales pitch
An email arrives from Jessops, offering interest-free credit on spending of £250 or more. Odd, given the headlines, as Jessops was wound up yesterday after years of financial troubles. The email, in fact, comes from the retail business, sold off to private equity concerns and very much still trading, while it is the old parent company that is being wound up. Still, interesting timing.
Swimming in dangerous waters
BBC director of news Helen Boaden is keen to dismiss suggestions that the corporation is an aggressive media monster. "Compared to sharks and minnows, the BBC is a dolphin," she told the Oxford Media Convention yesterday.
Time to go with the economic flow
Never mind quantitative easing or the fiscal stimulus, an invite arrives with the answer to all our woes. "Could Feng Shui be the saviour of the economy?" the folk promoting World Feng Shui Day ask us. If only Gordon Brown had thought of that.
Number of the day: 16,000
The number of job cuts Lloyds Banking Group has announced since the credit crisis, according to trade union Unite.
- 1 Thailand deaths: Pair's bloodied bodies found naked on Koh Tao beach
- 2 Scottish independence: Ireland since 1919 is a lesson for Scotland in what a Yes vote means
- 3 Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
- 4 John Travolta addresses former pilot's gay romance allegations publicly for the first time
- 5 Kanye West stops concert after two fans don't stand up - doesn't realise one is in wheelchair and the other disabled
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
Portuguese academic says British are 'filthy, violent and drunk'
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
iJobs Money & Business
£20 - 24k (Uncapped Commission - £35k Year 1 OTE): Guru Careers: We are seekin...
£20 - 24k + Benefits: Guru Careers: This is a great opportunity for an enthusi...
£280 - £320 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...