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 Secret Cinema: Why were Back to the Future screenings cancelled?
- 2 Christians: The world's most persecuted people
- 3 Israel-Gaza conflict: The secret report that helps Israelis to hide facts
- 4 Thatcher ‘was warned of Tory child sex party claims’
- 5 The Simpsons Family Guy trailer: First look at crossover episode after Comic-Con debut
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
Thatcher ‘was warned of Tory child sex party claims’
Lauren Goodger sex tape: Reality star calls for tougher laws on revenge porn after intimate video leaks online
Israel-Gaza conflict: President Obama presses Netanyahu to call ‘immediate and unconditional’ Gaza ceasefire
Iraq crisis: End 'very near' for Christianity after Isis takeover, says Bishop
Israel-Gaza conflict: The secret report that helps Israelis to hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
Were 'Poor Doors' added to mixed developments so wealthy residents don't have to go in alongside social housing tenants?
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Opponents of Israel's military operation in Gaza are the real enemies of Middle Eastern peace
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
iJobs Money & Business
£28000 - £32000 per annum: Ashdown Group: Training/Learning and Development Co...
£28000 - £32000 per annum + benefits: Ashdown Group: Training Programme Manage...
£30000 - £45000 per annum: Harrington Starr: A Global Financial Service Organi...
£30000 - £40000 per annum + Bonus+Benefits+Package: Harrington Starr: C# Web d...