Business Diary: No room for sentimentality
Wednesday 13 October 2010
Deutsche Bank analyst Marc Geall didn't mince his words as he downgraded his rating of Autonomy from buy to hold. "Autonomy has neglected [investment]" he warned this week, adding "with management not confronting the issues, future volatility is still a risk". Geall should know – his profile on social networking site LinkedIn reveals that before joining Deutsche in July, he spent three years working at Autonomy, latterly as its head of corporate strategy.
Hollywood does the credit crisis
Hot on the heels of the Wall Street follow-up Money Never Sleeps comes a big-screen adaptation of Andrew Ross Sorkin's much admired account of the credit crisis, Too Big to Fail. HBO's cast list certainly makes impressive reading: Ben Bernanke will be played by Sideways star Paul Giamatti, while Lehman's Dick Fuld ought to be flattered that Hollywood veteran James Woods has been lined up for his part.
Fox takes swipe at Roubini
Good to see Fox News business reporter Charlie Gasparino on fine form yesterday with a long item dedicated to "calling out big name pessimists" – specifically Nouriel Roubini, the feted economist, who Gasparinoproceeded to rubbish. Roubini wasn't the only target in the sights of Gasparino, who also claimed only one persondisagreed with his analysis – the widely respected financial journalist Felix Salmon, now at Reuters. "He has a screw loose and is maybe the worst reporter in the world," says Fox's man.
No room for the fat controller
As we reported yesterday, BSM is to replace its fleet of 3,250 Fiat 500s in favour of Vauxhall Corsas despite dumping Vauxhall for Fiat only 18 months ago. The driving school put the U-turn down to customer feedback: now our spies tell us that the biggest problem was complaints from the inspectors who periodically sit in the back seat of instructors' cars to observe their teaching. Apparently, some are a little on the large side for the less generous accommodation the Fiats offer.
- 1 East 17 bandmember Brian Harvey in 'very desperate situation’
- 2 Is this bridge haunted by the ghost of nu rave?
- 3 Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
- 4 The West has it totally wrong on Lee Kuan Yew
- 5 Scientists have discovered a simple way to cook rice that dramatically cuts the calories
East 17 bandmember Brian Harvey in 'very desperate situation’
Vladimir Putin says Russia will fight for the right of Palestinians to their own state
Is this bridge haunted by the ghost of nu rave?
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
Saudi Arabia says it won't rule out building nuclear weapons
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
The West has it totally wrong on Lee Kuan Yew
Revealed: Putin's army of pro-Kremlin bloggers
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