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 Cyclist who knocked down three-year-old girl says his life has been 'destroyed'
- 2 Chelsea victory parade: Chelsea mocked on Twitter as 'tens of fans' pack the streets of London
- 3 US warned by Chinese media to stop meddling or 'war will be inevitable'
- 4 Woman, 21, dies after taking contraceptive pill that 'caused fatal blood clot'
- 5 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Cyclist who knocked down three-year-old girl says his life has been 'destroyed'
US warned by Chinese media to stop meddling or 'war will be inevitable'
How China's richest man Li Hejun lost $15bn in an hour - and made a fortune
Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Snoop Dogg on why he doesn't regret displaying misogyny towards women
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
The day that Britain resigned as a global power
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
EU referendum: David Cameron's rules are a 'democratic disgrace', says French-born Scottish politician set to be denied a vote
A nation of inequality: How the UK is failing to feed its most vulnerable people
iJobs Money & Business
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...
£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...
£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...