Business Diary: The rhetoric that keeps on giving

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The Independent Online

Good to see that nine months on from that historic presidential election, Obamania is alive and well. How else to explain the title of the latest market briefing from Charles Stanley stockbrokers, "The Audacity of Hope"? Unlike Barack Obama's book of the same name, this missive discusses the prospects for the UK stock market. The President's inspirational tome is in no way devalued by this.

Unite tells it like it is twice in one day

Another good day for Derek Simpson, joint general secretary of Unite, the union which makes a habit of breaking the news the banks aren't so keen on shouting about. Yesterday, Unite managed two scoops, informing the world about RBS's pensions cuts and also job reductions at Lloyds Banking Group.

A dream come true for whisky fans

Fans of a tipple might like to make a note in their diaries to keep 18 November free. Auction house Bonhams will that day host the sale of the world's largest single-owner collection of Scottish whisky, which comprises more than 3,000 bottles. Much of it is old and rare, but no doubt you'll find something drinkable. Just don't ask for ice.

Reaping the rewards of Libyan friendship

London's estate agents could be among the beneficiaries of Britain's blossoming relationship with Libya. The Libyan Investment Authority, the country's sovereign wealth fund, already has two investment properties in London, on Oxford Street and in the City. But we hear it is now in the market for portfolio additions, having identified the UK commercial property sector as undervalued. Oddly, Edinburgh is apparently less interesting.

Luton Airport eat your heart out

Your starter for 10 – can you name the UK's fifth busiest airport after Heathrow, Gatwick, Stansted and Manchester? Here's a clue: Ryanair would probably call it Kabul South. That's right: Camp Bastion, left, set up five years ago by two RAF technicians in Afghanistan's Helmand Province, now operates more flights than all but the very busiest airports back home.

Number of the day: 81

The number of banks in the US that have failed so far this year. Texas's Guaranty Bank is the latest.

businessdiary@independent.co.uk

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