Rob Peston had calmed down by the time he appeared on the Today programme this morning. Yesterday on Twitter, he was implying that HM Treasury had misled him about who was going to be the new Governor of the Bank of England. Today he said the new Guvnor, Mark Carney, had changed his mind after the current head of the Bank of Canada had ruled … Continue reading The Bank gets its Man
Mr Bond. I’ve been expecting you… James Bond has survived 50 years of metal-teethed baddies, shark-infested pools and machine toting goons. Sir John Bond survived HSBC, Vodafone and Xtrata. But yesterday the angry shareholders finally got their man. Anyone who has dealt with Sir John personally knows how charming, intelligent and urbane he can be. His conversation sweeps from high finance to high peaks – … Continue reading Mr Bond, we expect you to resign…
Something big is happening in six weeks…and it’s nothing to do with a man in a red suit. After the Christmas turkey’s been digested and New Year celebrations are a fading niggle, savers and investors are going to wake up on 1st Jan 2013 to an even bigger headache – Retail Distribution Review, or RDR. Once again the financial services industry has surpassed itself by … Continue reading The FSA’s New Year hangover
This morning my former colleague, now business editor at ITN, Laura Kuenssberg was on Twitter (@ITVLauraK) commenting on the financial results of Scottish and Southern Energy. Ordinarily, financial results are not that interesting outside of a business audience. However, when the company is one of the big six UK energy suppliers with 10 million customers across 3.5 million homes and businesses (and which makes a … Continue reading Keeping control of the message vs being accountable to customers
It’s “Children In Need” this Friday on the BBC. Without wanting to belabour the point this event shows off the best of a corporation which is desperately in need of some leadership to get it out of the current crisis. Aunty has shot itself so often in the foot in recent week that you wonder if it is using a (Mark) Thompson Sub-Machine Gun. The … Continue reading Whistle up some more pay, Aunty
Just before six am on Wednesday morning (UK time) Mitt Romney, the Republican former Governor of Massachusetts, took to a stage in Boston to concede defeat in the 2012 US Presidential election. Pictures from that event were carried live around the World with rolling news channels slapping a “Breaking News” banner across their screens reading “Obama wins US election”. Just after five pm that afternoon … Continue reading When does a breaking news story stop breaking?
Congratulations to Anglicans worldwide, you have a new Archbishop of Canterbury. Justin Welby, who gets promoted from Archbishop of Durham, is an Eton-educated former oil executive, which means that in the UK the Government, the Capital and the Church are now run by old Etonians. Hands up who’s read any Gramsci? I was struck by the BBC’s reporting of the story. On the main Radio … Continue reading Laying the archbishop
In 1758 at the apex of his campaign for the Virginia House of Burgesses, Colonel George Washington spent $149 and six shillings (2012: $8,000) on a “A hogshead and a barrel of punch, thirty-five gallons of wine, forty-three gallons of strong cider, and dinner for his friends.” These were great times when a political campaign was more like a boozy version of Masterchef, but obviously … Continue reading US$3 billion cannot guarantee the Presidency of the United States, but it could buy an epic hog roast.
By Jason Nisse Earlier this week I was asked by lawyers Addleshaw Goddard to contribute to an excellent seminar they were holding entitled “Your rights and their wrongs – when to challenge the media’s news gathering methods”. Partner David Engel and managing associate Abigail Healey gave an in depth legal perspective on the law, the various codes of practice (PCC, Ofcom, BBC), and I followed up … Continue reading Whatever happened to the writ?