Business Diary: The People set to take on Vince

Click to follow

News reaches us that Vince Cable, the Business Secretary, is next week due to share a platform with Arthurs Potts Dawson, one of the founders of The People's Supermarket, at an event to talk about social enterprise. One might expect the pair to get on well – after all, David Cameron paid a high-profile visit to the shop while promoting his vision for the "Big Society". A pity then that The People's Supermarket has just found itself on the wrong end of what it thinks are unfair laws, getting a £78,000 rates bill from Camden Council after a court ruled it wasn't entitled to the discount charity shops get. This should be a spirited encounter.



Jupiter's biggest star is itself

Jupiter Fund Management's annual results on Friday were a reminder of how well shares in the company have performed since the flotation of thecompany in June last year. The IPO was priced at 165p back then, but Jupiter stock closed at 298p on Friday night and has been as high as 337p. The company's success reflects the fact that many of its fund managers are performing well – none of them can match that sort of return, however.



Don't forget about Prince Andrew

All the talk about Prince Andrew losing his job as a special trade ambassador seems to have gone rather quiet over the past week or so – partly because events in the Middle East and, above all, Japan, have understandably eclipsed the story. No wonder William Hill has slashed its odds on the Prince keeping his post to 4/11. Still, if you think this issue is not yet done and dusted, it will still offer you 2/1 on him standing down before the end of the month.



Spitzer puts his past behind him

Never accuse Eliot Spitzer, who was governor of New York until he was forced to step down after being caught up in a prostitution scandal, of a lack of good grace. Asked in a New York Times interview at the weekend whether he was now ready to laugh about what happened, Spitzer said not, but added he didn't mind other people pulling his leg about the business. "It makes others feel more comfortable, I think, when they can laugh and see that it is not an issue that can never be raised," he tells the paper.

businessdiary@independent.co.uk

Comments