Credit crisis diary: Plenty of fun in the High Court

The atmosphere at the Northern Rock judicial review hearing got just too hot yesterday. The judge called a short recess so that a window could be opened in court after Lord Grabiner, representing the Government, complained that he was too warm. To laughter, he added: "I'm not blaming Mr [Michael] Beloff," the QC who had just finished a lengthy argument on behalf of RAB Capital. Mr Beloff rather needlessly told the judge he assumed that Lord Grabiner was implying he was full of hot air (we got the joke the first time, thanks) and gave his opponent a wink. Those comical barristers, eh?

Picking themselves up and starting over

It may only be a few days since Clifford Chance announced job losses and a cash call on its equity partners, but the world's largest law firm isn't wallowing in self-pity – the search for new business goes on. Indeed, the Chance's New York office is currently attempting to persuade the IT company Satyam – them of the dodgy accounts – that it would benefit from CC's expertise.

Don't pick on the small guy

Did Lord Mandelson, the Business Secretary, deliberately introduce Mervyn Davies as his new Trade minister while standing on a raised podium yesterday? The effect was that Lord Mandelson towered above the departing chairman of Standard Chartered, who is, shall we say, on the vertically challenged side. Maybe the Prince of Darkness is losing his presentational touch. Or maybe not: perhaps the idea was to make it very clear who'll be in charge.

BP hit by some thieves with ambition

Those rascals who drive off from petrol stations without paying for their fuel need to raise their game. BP, the British oil giant, reckons that it has had more than $1m worth of diesel pinched from one of its distribution centres in Seattle, Washington state, over the past nine months. Detectives in the city are investigating who managed to install a fake flow meter at the centre.

The insurance that will keep you shopping

Good news for people worried about losing their jobs and not being able to pay the bills: the insurance broker SafetyFirst is marketing a new type of cover called Groceries Protection. It does exactly what it says on the tin, and (for a handsome premium, of course) pays your shopping bills if you cannot afford to because you have lost income owing to ill-health or unemployment. And people say the insurance industry is opportunistic.

Start your day with The Independent, sign up for daily news emails
News
peoplePair enliven the Emirates bore-draw
Arts and Entertainment
tvPoldark episode 8, review
News
Britain's opposition Labour Party leader Ed Miliband (R) and Boris Johnson, mayor of London, talk on the Andrew Marr show in London April 26
General electionAndrew Marr forced to intervene as Boris and Miliband clash on TV
News
news
ebooks
ebooksA special investigation by Andy McSmith
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Ashdown Group: Treasury Assistant - Accounts Assistant - London, Old Street

£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...

Ashdown Group: Business Analyst - Financial Services - City, London

£50000 - £55000 per annum: Ashdown Group: Business Analyst - Financial Service...

SThree: Trainee Recruitment Consultant

£18000 - £23000 per annum + OTE £45K: SThree: At SThree, we like to be differe...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + competitive: SThree: Did you know? SThree is the o...

Day In a Page

Not even the 'putrid throat' could stop the Ross Poldark swoon-fest'

Not even the 'putrid throat' could stop the Ross Poldark swoon-fest'

How a costume drama became a Sunday night staple
Miliband promises no stamp duty for first-time buyers as he pushes Tories on housing

Miliband promises no stamp duty for first-time buyers

Labour leader pushes Tories on housing
Aviation history is littered with grand failures - from the the Bristol Brabazon to Concorde - but what went wrong with the SuperJumbo?

Aviation history is littered with grand failures

But what went wrong with the SuperJumbo?
Fear of Putin, Islamists and immigration is giving rise to a new generation of Soviet-style 'iron curtains' right across Europe

Fortress Europe?

Fear of Putin, Islamists and immigration is giving rise to a new generation of 'iron curtains'
Never mind what you're wearing, it's what you're reclining on

Never mind what you're wearing

It's what you're reclining on that matters
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband

Chuka Umunna: A virus of racism runs through Ukip

The shadow business secretary on the benefits of immigration, humility – and his leader Ed Miliband
Yemen crisis: This exotic war will soon become Europe's problem

Yemen's exotic war will soon affect Europe

Terrorism and boatloads of desperate migrants will be the outcome of the Saudi air campaign, says Patrick Cockburn
Marginal Streets project aims to document voters in the run-up to the General Election

Marginal Streets project documents voters

Independent photographers Joseph Fox and Orlando Gili are uploading two portraits of constituents to their website for each day of the campaign
Game of Thrones: Visit the real-life kingdom of Westeros to see where violent history ends and telly tourism begins

The real-life kingdom of Westeros

Is there something a little uncomfortable about Game of Thrones shooting in Northern Ireland?
How to survive a social-media mauling, by the tough women of Twitter

How to survive a Twitter mauling

Mary Beard, Caroline Criado-Perez, Louise Mensch, Bunny La Roche and Courtney Barrasford reveal how to trounce the trolls
Gallipoli centenary: At dawn, the young remember the young who perished in one of the First World War's bloodiest battles

At dawn, the young remember the young

A century ago, soldiers of the Empire – many no more than boys – spilt on to Gallipoli’s beaches. On this 100th Anzac Day, there are personal, poetic tributes to their sacrifice
Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves

Follow the money as never before

Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves, reports Rupert Cornwell
Samuel West interview: The actor and director on austerity, unionisation, and not mentioning his famous parents

Samuel West interview

The actor and director on austerity, unionisation, and not mentioning his famous parents
General Election 2015: Imagine if the leading political parties were fashion labels

Imagine if the leading political parties were fashion labels

Fashion editor, Alexander Fury, on what the leaders' appearances tell us about them
Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

The architect of the HeForShe movement and head of UN Women on the world's failure to combat domestic violence