Wednesday 14 April 1999
C'est la vie.
Gorgeous George: The financier George Soros's third place in a list of Britain's 1,000 richest people, published last weekend, provokes a couple of thoughts. First, we always thought George was a Hungarian living in America. Second, his funds have had a ghastly start to the year. The $6.9bn (pounds 4.1bn) Quantum Fund lost 15.5 per cent of its net assets in the first quarter of 1999. If he invests in his own funds - perish the thought - his wealth should have shrunk rather than grown. A call to Soros Fund Management's headquarters to answer these pressing concerns is met with a firm "No comment".
Merrill merger: The courtship between Chase Manhattan, the giant American commercial bank, and Merrill Lynch, the giant American investment bank, is said to be nearing consummation. There is no official confirmation, but talk to anybody in Merrill Lynch's London office, where a deal is expected around July, and the conversation inevitably turns to the value of their share options. "We'll wait for the share price to peak, then head off," says our source at Merrill in London.
Going green: Despite record revenue in 1998, Reuters is planning to move more of its operations from London to Devon. It already has its fixed-income operations in sleepy Tiverton. Reuters is surprisingly tight-lipped about the plans considering it is an information company, but loyal Devon staff say the reason is to cut costs. An average salary in the Tiverton office is around pounds 15,000. That's small beer compared to the pounds 800,000-plus trousered by Peter Job, the 57-year-old former journalist and chief executive. A decision will be announced in May.
Diving in at the deep end is no excuse for shirking the style stakes
- 2 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1
- 3 Why I'm on the brink of burning my Israeli passport
- 4 L'Oreal cuts ties with Belgium supporter Axelle Despiegelaere after hunting trip photographs
- 5 The true Gaza back-story that the Israelis aren’t telling this week
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Loom bands: Bids for dress made from colourful rubber pass £170,000 on eBay
Supermoon 2014: When and why will the moon look bigger and brighter this summer?
Gaza-Israel conflict: The terrible price children are paying for Israel’s war with Hamas
Rotten egg smell could help battle heart disease and Alzheimer's
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Australia facing international condemnation after turning around Sri Lankans at sea
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
iJobs Money & Business
£75000 - £85000 per annum + ex bens: Deerfoot IT Resources Limited: Biztalk Te...
£60000 per annum: Harrington Starr: Trade Desk Specialist (FIX, Linux, Windows...
£35000 per annum: Harrington Starr: Service Desk Analyst (Windows, Active Dire...
£40000 per annum: Harrington Starr: Network Engineer (CCNA, CCNP, Linux, OSPF,...