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.
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Warriors in ancient Iraq suffered Post-Traumatic Stress Disorder more than 3,000 years ago, say researchers
US blames Russia after rocket attacks in Ukraine kill at least 30
Nigel Farage: NHS might have to be replaced by private health insurance
'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
British Muslim school children suffering a backlash of abuse following Paris attacks
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
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