Business Diary: Rambourg's act of charity
Tuesday 28 June 2011
Another moral victory for Guillaume Rambourg, the star investment manager for whom it all went wrong at Gartmore last year. You will remember he was suspended over allegations of trading irregularities, but subsequently cleared – the affair contributed to a plummet in Gartmore's value and it was eventually sold to Henderson. Now Rambourg has moved his entire stake in Henderson (Gartmore was paid for in paper) into a charitable foundation he runs together with his wife.
Mervyn joins the Murray mania
How worried should we be about the Governor of the Bank of England's warning last week that the Greek sovereign debt crisis could be a major threat to Britain's banks? Well, the situation clearly hasn't reached crisis point just yet. While European Union officials continued to discuss the crisis in Rome, Sir Mervyn King, a longstanding member of the All-England club, was perfectly happy to decamp to Wimbledon yesterday to cheer on Andy Murray from the Royal Box.
How Lagarde used to sell France
With Christine Lagarde moving closer to the top job at the International Monetary Fund by the day, a correspondent gets in touch to remind us how the French finance minister first made a splash on the world stage. Back in 2007, when she was the French trade minister, Ms Lagarde turned up at the World Economic Forum in Davos, Switzerland wearing an orange scarf on which she was displaying the slogan she had come up with for selling France to the world. "Slow food, fast trains" it read. People noticed her immediately.
The kids are all right at PwC
Has it been bothering you that the staff at your accountants seem to be getting younger? Well, the good news is that it's not simply your age. Price- waterhouseCoopers is this week welcoming more interns than ever before to its summerprogramme, with 351 students turning up for a bit of work experience – paid, you'll be pleased to hear – at its offices all over the country. Don't worry about their youth – they should be pretty decent. PwC apparently had 23 applications for every place on the scheme.
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