Business Diary: Second time lucky for Gowers in PR
Friday 03 July 2009
So best of luck then to Andrew Gowers, the former Financial Times editor, who yesterday began his new job as head of PR at the oil giant BP. Let's hope for both their sakes that this posting lasts a little longer than Gowers' previous spinning engagement – he was head of European PR for Lehman Brothers.
The Dutch say cheers to Europe's judges
Good news for the Dutch brewer Bavaria, which is free to carry on making its beer of the same name after an eight-year legal battle. The company was sued by a German association of Bavarian brewers who said they had the sole rights to the name because it enjoys geographical protection under European law. The European Court of Justice pointed out that the Dutch company has been using the name since 1925, well before geographic protection was given to the German region. In other words, it bought the first round.
Is Jabre losing his nerve?
Philippe Jabre, the high-profile hedge fund manager, has a message for his colleagues. Short-selling is "too dangerous" in the current market environment, Reuters reports him saying. Sounds a bit wussy for a man famed for taking risks, but Jabre adds he is having one of his best-ever trading years.
Qatar to the rescue of Polish history
Here's a heart-warming tale of global capitalism. When the Polish government realised that its Szczecin and Gdynia shipyards – two of the strongholds of the pro-democracy movement Solidarity in the 1980s – were on the verge of bankruptcy, it launched an international appeal for investors. Now a Qatari investment bank has stepped in to save the day.
Fetch the maths books
Good news for hard-pressed parents. The cost of school supplies has fallen by 10 per cent over the past year, according to a survey by internet-based Twenga. But parents still pay 15 per cent more than French families. No wonder French kids stay in education longer.
Number of the day: 87%
The fall in profits at the restaurants group owned by Gordon Ramsey over the past year.
Oscar Pistorius trial: Defence's own witness contradicts athlete's version of events
Oscar Pistorius trial: The case against Oscar Pistorius – and why the prosecution claims his story doesn't add up
South Korea ferry: Captain Lee Joon-seok could face criminal investigation as over 280 remain missing
Peaches Geldof dead: Private funeral for the family and friends of the socialite will take place next week
Shropshire criminals ‘using unmanned drones and infrared cameras to find illegal cannabis farms’ – and then steal from the growers
The food poverty scandal that shames Britain: Nearly 1m people rely on handouts to eat – and benefit reforms may be to blame
US Navy christens huge $3 billion destroyer ship USS Zumwalt that appears as a fishing boat on enemy radar
Scottish independence: It is the English who should be on their knees, begging the Scots to vote ‘No’
Nigel Farage fatigue? Half of voters ‘immune’ to Ukip’s appeal
Nigel Farage on Have I Got News For You: Ukip leader ridiculed over expenses and party 'fruitcakes'
Nigel Farage: I’m taking on the status quo, and the Establishment’s fighting back
- 1 Poveglia: 'World's most haunted island' up for sale...is anyone brave enough to buy it?
- 2 The Hobbit: There and Back Again set for possible title change
- 3 Video of British Muslims dancing to Pharrell Williams's hit Happy attacked as 'sinful'
- 4 24 people applied for the 'world's toughest job', here are their interviews
- 5 Andre Johnson: Wu-Tang Clan-discovered rapper severed his penis and jumped from LA building
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