Rogue Trader: The week ahead


Finals from Energis, the phone-line leasing company spun off from the National Grid. Fat cat chairman Gordon Owen got a bonus of pounds 838,000 when Energis floated. Now he's trying to irk us by backing online directory Scoot (with its terrible TV ads) and Free-to-Talk, where ads interrupt your phone calls.


British Airways final figures. Last year was a bit of a nightmare - strong pound, falling market share, reduced Far East travel and cost- cutters (that's their story, anyway). In the third quarter, BA - for the first time in living memory - posted a loss, despite raiding a pounds 60m employee bonus fund. Employee morale nose-dived, but Robert Ayling, the airline's politically-connected chairman, just sucked up closer to New Labour. Recently, passengers nominated BA as "carrier of last resort" for domestic business travel.


Carlton Communications final figures. Output from the "C word" of British television actually looks relatively good and uncynical now that Channel 5 has arrived (taking a good slice of Carlton's core ad income).


3i, "Europe's Largest Venture Capital Group", to issue final figures: board still smarting over its abortive attempt to snap up Electra for pounds 1.3bn.


Annual reports from South Staffordshire, Thames, Anglian and Bristol Waters and a couple of big breweries - just as trad Brit summer water shortages loom.

This week's Georgians ...

GEORGE I: Presided over interest rate cuts, debased the currency, increased national debt, invented prime ministers, unleashed South Sea Bubble. Then went home to Germany. Ate too many melons and dropped stone dead.

GEORGE II: Presided over interest rate rises to finance costly Euro wars. Dropped stone dead on being brained by cricket ball.

GEORGE III: Presided over yo-yo interest rates and debt. Upset Yanks and cleared off to Windsor to grow pineapples. Mistook French ambassador for a tree.

EDDIE GEORGE: Got a Bank of England independent of Parliament, but not from Germany. Upset Geordies by saying unemployment was a "price worth paying" for low inflation. Mistook a rising stock market and falling unemployment for a recession.

Jaw-dropping facts and searing insights this week are culled from the Investors Chronicle.

The main risk involved in house-price speculation "is that the value of property may have fallen by the time you sell". Also to be borne in mind: "House prices can be volatile."

The secret of success is laid bare: "If a firm can't raise profits by raising prices, it must do so by cutting costs."

How the professionals do it: "Few fund managers will talk about their techniques for achieving performance. If it has been good, the best thing to do is keep quiet and hope it continues."

Business as usual: "Any analyst who says that they can pinpoint a fair valuation for internet stocks is hallucinating."

Capitalism explained: "Higher returns are the reward for taking on greater risk."

Headline of the week: "Beef recovery deals blow to ostriches".

Commodity news: the ups and downs of traded option folk

Coffee, resident manic depressive, went on a massive high. Vitamins were feeling sick after a visit from the cartel cops. Brent Futures got his comeuppance after his shorts were vigorously traded in London. Gold joined a religious cult in Korea, and felt wanted again. Pork Bellies got into a drunken bar-room brawl with the Lean Hogs. The Base Metal family stabilised after social services called, and began looking purposeful again. But will it last? Tune in next week!

Start your day with The Independent, sign up for daily news emails
Arts and Entertainment
Louis Theroux: By Reason of Insanity takes him behind the bars again
tvBy Reason of Insanity, TV review
Arts and Entertainment
Cassetteboy's latest video is called Emperor's New Clothes rap
videoThe political parody genius duo strike again with new video
Danczuk has claimed he is a 'man of the world'
Seth Rollins cashes in his Money in the Bank contract to win the WWE World Heavyweight Championship
WWERollins wins the WWE World Heavyweight title in one of the greatest WrestleMania's ever seen
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

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

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Retirement Coordinator - Financial Services

Negotiable: Recruitment Genius: To provide a prompt, friendly and efficient se...

Recruitment Genius: Annuities / Pensions Administrator

Negotiable: Recruitment Genius: You will be the first point of contact for all...

Ashdown Group: HR, Payroll & Benefits Officer - Altrincham - up to £24,000.

£18000 - £24000 per annum + benefits: Ashdown Group: HR, Payroll & Benefits Of...

Ashdown Group: Learning and Development Programme Manager

£35000 - £38000 per annum + benefits : Ashdown Group: A highly successful, int...

Day In a Page

No postcode? No vote

Floating voters

How living on a houseboat meant I didn't officially 'exist'
Louis Theroux's affable Englishman routine begins to wear thin

By Reason of Insanity

Louis Theroux's affable Englishman routine begins to wear thin
Power dressing is back – but no shoulderpads!

Power dressing is back

But banish all thoughts of Eighties shoulderpads
Spanish stone-age cave paintings 'under threat' after being re-opened to the public

Spanish stone-age cave paintings in Altamira 'under threat'

Caves were re-opened to the public
'I was the bookies’ favourite to be first to leave the Cabinet'

Vince Cable interview

'I was the bookies’ favourite to be first to leave the Cabinet'
Election 2015: How many of the Government's coalition agreement promises have been kept?

Promises, promises

But how many coalition agreement pledges have been kept?
The Gaza fisherman who built his own reef - and was shot dead there by an Israeli gunboat

The death of a Gaza fisherman

He built his own reef, and was fatally shot there by an Israeli gunboat
Saudi Arabia's airstrikes in Yemen are fuelling the Gulf's fire

Saudi airstrikes are fuelling the Gulf's fire

Arab intervention in Yemen risks entrenching Sunni-Shia divide and handing a victory to Isis, says Patrick Cockburn
Zayn Malik's departure from One Direction shows the perils of fame in the age of social media

The only direction Zayn could go

We wince at the anguish of One Direction's fans, but Malik's departure shows the perils of fame in the age of social media
Young Magician of the Year 2015: Meet the schoolgirl from Newcastle who has her heart set on being the competition's first female winner

Spells like teen spirit

A 16-year-old from Newcastle has set her heart on being the first female to win Young Magician of the Year. Jonathan Owen meets her
Jonathan Anderson: If fashion is a cycle, this young man knows just how to ride it

If fashion is a cycle, this young man knows just how to ride it

British designer Jonathan Anderson is putting his stamp on venerable house Loewe
Number plates scheme could provide a licence to offend in the land of the free

Licence to offend in the land of the free

Cash-strapped states have hit on a way of making money out of drivers that may be in collision with the First Amendment, says Rupert Cornwell
From farm to fork: Meet the Cornish fishermen, vegetable-growers and butchers causing a stir in London's top restaurants

From farm to fork in Cornwall

One man is bringing together Cornwall's most accomplished growers, fishermen and butchers with London's best chefs to put the finest, freshest produce on the plates of some of the country’s best restaurants
Robert Parker interview: The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes

Robert Parker interview

The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes
Don't believe the stereotype - or should you?

Don't believe the stereotype - or should you?

We exaggerate regional traits and turn them into jokes - and those on the receiving end are in on it too, says DJ Taylor