People and Business

No black holes at the `IC'

WHAT IS going on at Investors Chronicle, that revered weekly bible of the small investor? A mole tells us that several freelancers have been sent packing because whoever drew up the budget apparently forgot the magazine comes out weekly rather than monthly, forcing a reassessment of priorities.

Rumour has it the IC is having to find a few hundred thousand in savings to balance the books. An official spokesman for Pearson, which owns IC and its daily stablemate the FT, admitted to some belt tightening but insisted that any talk of black holes was wide of the mark. No doubt all will be revealed and more when Marjorie Scardino delivers the results on Wednesday.

He's all heart

BILL CASTELL, chief executive of Nycomed Amersham, the health technology group, is proud of the revolutionary products the company makes for people with heart defects.

Mr Castell personally trots the globe testing rival heart products - so he must have one of the most tested hearts in the world. The chief executive told me yesterday: "I'm 51 so I need my heart testing anyway." How nice to combine business with pleasure.

Oooh, Doctor!

OXFORD UNIVERSITY recently advertised six open lectures on the history of the political structure of British broadcasting, to be given by "the first News International Visiting Professor of Broadcasting Media and Chief Executive of Channel 5, Dr David Elstein". The use of "Dr" prompted unkind speculation in media circles over the nature of the doctorate in question.

Given Channel 5's much publicised output of late night soft porn recently, some suggested it might be a medical qualification of some sort. Oxford subsequently admitted the doctorate was their invention, blaming the mistake on the traditional "temp in our office" and adding for the sake of complete accuracy: "News International called to say that he's an MA - from Cambridge."

Millennium bog

THE APPROACH of the year 2000 has led to much mention in the French language press (France, Switzerland, Belgium, Canada...) of "la bogue" - pronounced "bog". Not a synonym for les toilettes but merely a reference to the millennium bug.

Meanwhile, French mayors impelled to overspend on celebrations of the computer meltdown have coined a variation on noblesse oblige: "millionaire oblige".

Gas guzzlers

ROBERT BARRIE, an economist with CSFB, is worried about what Gordon Brown will say today on petrol duty. Mr Barrie owns six vintage racing cars - and whenever he races them at Le Mans and other tracks they guzzle petrol, averaging around six miles a gallon, I gather. Ouch. It's just as well Mr Barrie doesn't smoke and collect malt whisky.

All aboard

NOW THAT bonus season is drawing to a close, the City jobs merry-go- round has started spinning again. Heading for the exit at the Bishopsgate offices of BT.Alex.Brown, where the takeover by Deutsche Bank has unsettled spirits, are Alex Graham, head of global syndication and European capital markets, and Matthew Collins, head of European debt.

Mr Graham clearly could not measure up to Michael Cohrs, Deutsche's existing global head of syndication who was poached three years ago from Warburg for a rumoured $2.5m a year. Mr Graham is off to Donaldson Lufkin Jenrette to be their new head of European equity capital markets, while Mr Collins is off to Merrill Lynch to work alongside Guy Dawson, himself a sometime Deutsche refugee as head of European leveraged finance on a rumoured package of pounds 4m.

That leaves Deutsche and Merrill all square, Deutsche having poached leveraged finance hotshot Tom Gahan from Merrill a few weeks ago.

E-mail: j.willcock@independent.co.uk

Start your day with The Independent, sign up for daily news emails
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

Recruitment Genius: Software Development Manager

£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...

Ashdown Group: Product Manager - (Product Marketing, Financial Services)

£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...

Recruitment Genius: Compliance Assistant

£13000 per annum: Recruitment Genius: This Pension Specialist was established ...

Ashdown Group: Market Research Executive

£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...

Day In a Page

As in 1942, Germany must show restraint over Greece

As in 1942, Germany must show restraint over Greece

Mussolini tried to warn his ally of the danger of bringing the country to its knees. So should we, says Patrick Cockburn
Britain's widening poverty gap should be causing outrage at the start of the election campaign

The short stroll that should be our walk of shame

Courting the global elite has failed to benefit Britain, as the vast disparity in wealth on display in the capital shows
Homeless Veterans appeal: The rise of the working poor: when having a job cannot prevent poverty

Homeless Veterans appeal

The rise of the working poor: when having a job cannot prevent poverty
Prince Charles the saviour of the nation? A new book highlights concerns about how political he will be when he eventually becomes king

Prince Charles the saviour of the nation?

A new book highlights concerns about how political he will be when he eventually becomes king
How books can defeat Isis: Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad

How books can defeat Isis

Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad
Judith Hackitt: The myths of elf 'n' safety

Judith Hackitt: The myths of elf 'n' safety

She may be in charge of minimising our risks of injury, but the chair of the Health and Safety Executive still wants children to be able to hurt themselves
The open loathing between Barack Obama and Benjamin Netanyahu just got worse

The open loathing between Obama and Netanyahu just got worse

The Israeli PM's relationship with the Obama has always been chilly, but going over the President's head on Iran will do him no favours, says Rupert Cornwell
French chefs get 'le huff' as nation slips down global cuisine rankings

French chefs get 'le huff' as nation slips down global cuisine rankings

Fury at British best restaurants survey sees French magazine produce a rival list
Star choreographer Matthew Bourne gives young carers a chance to perform at Sadler's Wells

Young carers to make dance debut

What happened when superstar choreographer Matthew Bourne encouraged 27 teenage carers to think about themselves for once?
Design Council's 70th anniversary: Four of the most intriguing prototypes from Ones to Watch

Design Council's 70th anniversary

Four of the most intriguing prototypes from Ones to Watch
Dame Harriet Walter: The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment

Dame Harriet Walter interview

The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment
Art should not be a slave to the ideas driving it

Art should not be a slave to the ideas driving it

Critics of Tom Stoppard's new play seem to agree that cerebral can never trump character, says DJ Taylor
Bill Granger recipes: Our chef's winter salads will make you feel energised through February

Bill Granger's winter salads

Salads aren't just a bit on the side, says our chef - their crunch, colour and natural goodness are perfect for a midwinter pick-me-up
England vs Wales: Cool head George Ford ready to put out dragon fire

George Ford: Cool head ready to put out dragon fire

No 10’s calmness under pressure will be key for England in Cardiff
Michael Calvin: Time for Old Firm to put aside bigotry and forge new links

Michael Calvin's Last Word

Time for Old Firm to put aside bigotry and forge new links