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Wednesday 12 August 2009
This Saturday, the Edinburgh International Book Festival begins, cramming into its temporary tent village in Charlotte Square Gardens a 700-event programme that trounces in both range and quality almost every other literary jamboree on earth. This time, however, the identity of one stalwart main sponsor may attract more than the usual passing glance: the Royal Bank of Scotland.
Wednesday 12 August 2009
Outlook: Nearly a decade ago, John Towers was hailed as a hero as he entered stage left with a bold promise to save Rover as a mass-market UK car maker, something BMW, which knows a thing or two about the motor industry, had conspicuously failed to do.
Tuesday 04 August 2009
Outlook: Harriet Harman can't seem to help herself. Having talked utter nonsense earlier this year about Sir Fred Goodwin and the court of public opinion, now she's returned to another favourite theme – how the credit crisis is all the fault of blokes.
Monday 03 August 2009
Foxton's boss calls the end of the downturn
Here's the best buy signal we've seen yet for the housing market. Jon Hunt, the founder of the estate agency Foxton's, reckons the slump is over and that prices have fallen to levels where good opportunities now exist. Mr Hunt famously sold Foxton's at the top of the market and was rumoured to be considering buying back in after it plunged in value. A man to follow then.
Sunday 02 August 2009
India Knight's real asset is her talent for convincing displays of soul-baring. When she says that she is "naturally spectacularly crap with money", has had her "fair share of bailiffs over the years" and was served with bankruptcy papers, I believe her absolutely. For all I know, as a bestselling writer with a long-running column in a London newspaper, she could actually be as crafty as Fred Goodwin when it comes to her own money.
Sunday 26 July 2009
Monday 20 July 2009
The multimillionaire City minister Lord Myners has criticised his former colleagues in the Square Mile for their greed and obsession with money.
Friday 17 July 2009
Outlook The banking crisis was all about risk and the abject failure of banks to manage it. This was as true of executives like Sir Fred Goodwin – whose hubris caused them to blindly run into deals of paralysing stupidity – as it was of the traders and dealmakers paid fortunes for playing high stakes poker with other people's money.
Sunday 05 July 2009
Monday 22 June 2009
Royal Bank of Scotland is set to reveal a £9.6 million pay package for its chief executive, it was reported today.
Saturday 20 June 2009
Chocolate is easier to deliver than gold
The marketing folk at Jon Moulton's Alchemy private equity business have a sense of humour. Investment folk are always making wild claims, of course, but at least Alchemy has stopped short of insisting it can actually do what its name implies. Moulton often hands out company-branded choccies to visitors, embossed with the rather witty slogan, "base metals to chocolate – an interim stage".
Friday 19 June 2009
Friday 19 June 2009
Far be it from us to belittle the sacrifice made by Sir Fred Goodwin (or Willie Walsh for that matter). Fifty per cent (still more, 90 per cent) of an enormous amount is still quite a sizeable sum. Neither is going to be exactly on the breadline. But in reaching agreement with the bank he once headed to have his pension reduced by £200,000 a year, Sir Fred finally seems to have understood what was required of him, even if it was in the face of threatened legal action from Royal Bank of Scotland.
Thursday 18 June 2009
Former Royal Bank of Scotland boss Sir Fred Goodwin bowed to public pressure today and offered to hand back more than £210,000 a year of his controversial pension payout.
Monday 15 June 2009
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
- 1 Planes go hybrid-electric in important step to greener flight
- 2 Antonio Martin shooting: Mayor says there should be 'no comparison' to Ferguson
- 5 Northern Lights above Britain: Stunning Aurora Borealis illuminates Northumberland sky on Christmas Eve