Business Diary: Paying the price for Cadbury's defeat
Friday 05 March 2010
Cadbury has announced 150 job losses, mostly at its head office in west London, following the Kraft takeover. A number must come from the communications team, several of whom have already quit. They didn't have much choice but to stand down after bad-mouthing Kraft for months as they tried to fight off the unwanted bid.
The never-ending discounted sofa
"Some day this war will end," Robert Duvall said to Martin Sheen in Apocalypse Now. The assistants running the sale at DFS know how he felt. The in-play furniture retailer has been promising since at least the second half of January that its post-Christmas sale is coming to an end. In March, its website still says: "DFS sale is ending. Final days to save".
The prize ticket that caused indigestion
Pity the poor man who, in a fit of rage at the bureaucracy involved in claiming his prize, ate a €10,000 prize-winning scratchcard on a Ryanair flight before getting off the plane. Some 40 people have now come forward claiming to be the gentleman in question, but Ryanair and its scratchcard partner are refusing to pay up to anyone as it is impossible to verify the claim.
Parker knows where to send his CV
Alan Parker, the Whitbread chief executive due to retire in November, says he intends to spend his time "watching Arsenal and building a non-executive career". Not that he's backing the Gunners to land the Premier League this season. "I am not sure we are going to win it," he says. "But we can't keep coming in third." Perhaps the first directorship Parker should seek is a seat on the board at Arsenal.
ITV bosses are in exalted company
Archie Norman and Adam Crozier, the new brooms at ITV, have impressed at least one analyst. Claudio Aspesi of Bernstein Research says their arrival marks "the era of the Galacticos" a reference to the Real Madrid team that included Zinedine Zidane, Luis Figo and David Beckham. Still, as Aspesi points out, the Madrid experience shows that "star-studded teams do not necessarily win".
Number of the day: 12
Months for which the Bank of England base rate has now remained at a record low of 0.5 per cent.
- 1 Rihanna 'nude photos' claims emerge on 4Chan as hacking scandal continues
- 2 Frank Lampard equalises for Manchester City against Chelsea: how the internet reacted
- 3 Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
- 4 Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
- 5 Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Rihanna 'nude photos' claims emerge on 4Chan as hacking scandal continues
Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
Scotland could still declare independence – even without referendum, says Alex Salmond
Jennifer Lawrence leaked 4Chan sex video branded 'fake' by forum users
Britain First picture: Photographer 'horrified' after first Afghan policewoman killed by Taliban used for 'ban the burka' campaign
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
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