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 The truth about 'girl things': Three cheers for Heather Watson's honesty
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Tennis fan suing Australian Open organisers for 'failing to shade spectators' during Murray match
- 5 Syrian refugee child beaten by Istanbul Burger King manager for eating customer’s leftover food
Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Rob Lowe hits out at White House decision not to meet Israeli leader
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign
Winston Churchill: From accusations of anti-Semitism to the blunt refusal that led to the deaths of millions
British Muslim leaders outraged after Eric Pickles says followers of Islam should 'prove their identity'
UK terror fears: My jihadist son returned from Syria mentally scarred – now he is being ignored
Nigel Farage: NHS might have to be replaced by private health insurance
Billy Crystal: 'Stop shoving gay sex scenes in my face'
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
iJobs Money & Business
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...
£16000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...
£45000 - £47000 per annum + bonus + benefits: Ashdown Group: Java Developer / ...
£35000 - £38000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...