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.
- 1 PlayStation and Xbox hacked by Lizard Squad
- 3 The Grace Dent Christmas Questionnaire
- 4 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
PlayStation and Xbox hacked by Lizard Squad
Antonio Martin shooting: Black teenager may have tried to ambush patrolman, says police officer's lawyer
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
Boxing Day snowfall set to push even more bargain-hunters online for sales
The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader
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