Business Diary: Time for Sainsbury's execs to give back
Wednesday 17 March 2010
Best of luck to Justin King, the Sainsbury's boss, who has begun an attempt to complete 32 one-mile runs in different parts of the UK by Saturday to raise money for Sport Relief. Sainsbury's could do with some decent headlines after copping flak for bringing bonuses forward for high earners in order to beat tax rises. Let's hope many of them are sponsoring King generously.
Absence may not make the heart grow fonder
MPs at yesterday's BIS select committee hearing into the Kraft takeover of Cadbury should not be too offended by the non-appearance of Irene Rosenfeld, the US firm's chief executive. Six weeks after Kraft bought Cadbury, Rosenfeld still hasn't been to its Bournville home to meet her new employees.
A dangerous game for the Tories to play
You can see why Mark Hoban, the Tories' City spokesman, was keen to capitalise on the Government's failure yesterday to secure a deal with Brussels to protect the UK's hedge-fund sector. But was Hoban wise to criticise the Government's "failure to build alliances" in Europe? After all, the Conservatives' European alliance with a group of right-wing parties has been a little tricky, with some members accused of racism and homophobia.
Paddy Power breathes a sigh of relief
Spotted at the Cheltenham Festival: Jack Massey, the finance director of Paddy Power, looking very pleased with himself after the failure of hot favourite Dunguib to win the Supreme Novices' Hurdle. The bookie had promised to refund all losing bets if it won, you see, at a cost of £4.1m. Massey celebrated with a £2.50 wager on the Champion Hurdle. It lost, too.
Raise a toast to Ireland's top brands
Happy St Patrick's Day to all our Irish readers, who we hope won't take offence from a poll of Britons on what we consider to be the Emerald Isle's coolest brands. The first four are all booze companies – Guinness, Baileys, Magners and Jameson whiskey – before Kerrygold butter comes in a distant fifth.
Number of the day: £7.3bn
The cost of this winter's bad weather to small and medium enterprises, according to Lloyds Bank.
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- 2 Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
- 3 Daily Show's Jon Stewart destroys Fox News for its Ferguson coverage
- 4 When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
- 5 Brother and sister, Christopher Buckner and Timothy Savoy, arrested for 'committing incest after watching 'The Notebook''
Ashya King missing: Police hunt five-year-old boy with brain tumour snatched from Southampton hospital by his parents
Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Botched ice bucket challenge leaves man critically injured after plane drops hundreds of gallons of water
Papua New Guinea Mount Tavurvur volcano eruption sees international flights diverted
Exclusive: We share blame for creating 'jihad generation', says Muslim strategist
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
Ukip Douglas Carswell defection: Tory MP jumps ship to join Nigel Farage
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