Business Diary: Lloyds buries the bad news
Wednesday 10 August 2011
Taxpayers hoping one day to get their money back from Lloyds Banking Group will be pleased to see it doesn't miss a trick. What better day than yesterday to announce 1,300 job losses? After all, the bank knew people would be focused on the riots. Just to make sure it was slipping the announcement under the radar, it was headlined "Lloyds Banking Group announces organisational changes" – the words "jobs" and "losses" were nowhere to be seen. With nous like this, it can be only a matter of time before the black-horse bank pays us all back.
It seems Roubini called the crash
We reported yesterday on the frustration of Nouriel Roubini, the doom-mongering economist who has been on holiday in a remote corner of Maine during the latest outbreak of the crisis. Frustrating for us, too: if only he hadn't been on vacation, he could have warned us about the sell-off in the US on Monday, since he knew it was coming. "[John] Mauldin and me won the weekend bet at Camp Kotok in Maine that the Dow would fall more than 300 points today," he tweeted late on Monday, adding magnanimously, "I will give away my prize to charity".
LG defends the mobile's honour
This is one of the more specious surveys we've seen from PR operations, but top marks to mobile phone company LG for timing. We woke up yesterday to news coverage of how smartphones were playing an important part in the riots, with one Radio 4 contributor explaining that they have become "weaponised". Far from it, says LG – the smartphone is a "modern-day sex object", it claims, with 51 per cent of Britons admitting they would use their phone while in bed with a partner.
Former dragon is still on fire
Proof that former dragons never stop breathing fire: James Caan may have stood down from the BBC's Dragons' Den, but he is still working hard on the investments he made while on the show. Take Motormouse, which makes computer mice designed as miniature classic sports cars or Mini Coopers – it has just completed negotiations with a string of airlines, including British Airways, Emirates and KLM, to sell its wares on their aircraft. Caan is very proud, we hear.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
iJobs Money & Business
£43500 per annum + pension + holidays: The Jenrick Group: Night Shift Operatio...
£20000 - £25000 per annum + OTE £40,000 + Car + Pension: SThree: SThree are a ...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...
£20000 - £25000 per annum + OTE £35000: SThree: SThree are a global FTSE 250 b...