Business Diary: Saying sorry for the sins of your fathers
Thursday 02 July 2009
You can't choose your parents, as Rothschild and Freshfields have been reminded this week. The investment bank and City law firm both had to apologise yesterday after revelations that their businesses have historical links to the slave trade (though both their founders were abolitionists).
Ernst & Young shares the spoils
Happy days at Ernst & Young, the accountancy firm, which doesn't seem to be too troubled by the global slowdown. It's just appointed 48 new partners in the UK, a record for E&Y. Most of the appointments were made in the accountant's tax services division, one of those areas where the work just never seems to dry up.
Tough tasks ahead for the new season
Who goes, who stays? You decide. Manchester City's long-suffering fans have always dreamt of being able to give half the team the boot – and maybe they'll be able to do exactly that now their beloved club has signed up Endemol as its broadcasting partner. The production company is, of course, best-known for making Big Brother. What price Roque Santa Cruz or Gareth Barry to be evicted first?
Give them a break for once, Vince
That Vince Cable, he's always whinging. The latest missive from the Lib Dem Treasury man lambasts the Treasury for failing to help more people with its mortgage rescue scheme. The accusation is grossly unfair, given that official figures show the number of families in mortgage difficulties who have been helped by the scheme has tripled in the past month alone. Ok, so the total is still only six, but it all helps.
If it sounds too good to be true...
What will these fraudsters think of next? A pretty authentic-looking email is doing the rounds, targeting the self-employed and purporting to be from HM Revenue & Customs. It informs the recipient they're due a tax rebate – crucially, a small one, so as to appear credible – and asks for their bank details. Sadly, it's a hoax – the taxman tells us it never gets in touch this way.
Number of the day: 473k
The number of jobs cut by private companies in the United States during the month of June.
- 1 Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
- 2 Pope Francis issues top 10 tips for happiness
- 3 Disney heiress Abigail disowns her share of family profits in West Bank company
- 4 The secret report that helps Israel hide facts
- 5 Now diplomacy has failed, boycotting Israel might be the only way we can protect the people of Gaza
Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
Pope Francis issues top 10 tips for happiness
Justin Bieber posts Instagram photo of Orlando Bloom crying after Ibiza fight 'over Miranda Kerr'
Disney heiress Abigail disowns her share of family profits in West Bank company
Kelsey Grammer forgives the man who raped and murdered his sister in 1975
The secret report that helps Israel hide facts
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
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