Business Diary: Lord Turner's audience turns on him

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The Independent Online

Adair Turner is used to copping flak, but the Financial Services Authority boss wasn't prepared for the face-to-face abuse he got during his latest speech at the Mansion House. As he tried to lecture City folks on pay and benefits, Lord Turner was himself interrupted three times by a heckler determined to make his own complaints – about bonuses for FSA staff.

The watchdog with the wrong type of collar

Not content with attacking Lord Turner's intellectual arguments, City folks have also begun sniping about his sartorial standards. A round-robin email yesterday included some scurrilous gossip suggesting that the regulator had turned up to the Mansion House wearing a "clip-on bowtie". Truly shocking.

Better late than never

Well done UHY Hacker Young. The accountant has finally finished tying up loose ends on one of the UK's longest-running insolvency cases – just 35 years after it began. When Apal, a tour operator, went bust in 1974, more than 500 creditors were promised a pay-out. And now they've received the last of seven dividends, finally getting back 74p of every £1 lost. Worth waiting for, then.

Blanchflower's barbs find a new target

Bad news for Mervyn King. His former Monetary Policy Committee colleague David Blanchflower has a new platform from which to continue launching attacks on the Bank of England Governor – his own column in the New Statesman. Still, Mr King can rest easy this week, because Mr Blanchflower has a new target, the Tories' George Osborne. His economic policies will see unemployment top 5 million, warns Mr Blanchflower, pictured left.

When the boss is not so memorable

Moneypenny is a tiny firm that sells reception services, so you can see why it's keen to paint a less-than-flattering picture of the in-house reception staff at Britain's biggest companies. Still, its latest survey does sound a little worrying – just half the receptionists at FTSE 100 companies know the names of their chief executives.

Number of the day: 11%

The fall-off in charitable donations that the Charities Aid Foundation reckons has resulted from the recession.

businessdiary@independent.co.uk

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