Edie Lush

Uncertainty reigns among UK investors. Will this week’s Budget cuts wither the green shoots of growth? Whatever happened to safety in blue chips when BP’s dividends can vanish into an oil slick? Where’s a stock-picker to turn? If the words ‘small cap’ don’t send you rigid with fright, then there are good reasons to look towards AIM, London’s market for listed smaller companies. You’ll find businesses there that are an unusually good bet in tough times. And you’ll find some that are sufficiently global, despite their modest size, not to flinch at a prolonged UK downturn. Long time AIM watcher Tom Bulford, author of the Red Hot Penny Shares newsletter, identifies the key time to invest in an AIM-listed company.

Tourists in New Orleans’ French Quarter and Garden District would be hard pressed to see Hurricane Katrina damage if they didn’t go looking for it. On a recent visit to attend a wedding between a Glaswegian brewer and a Louisiana law professor, I ate gumbo, swayed to jazz and paraded behind a brass band between the ceremony and the reception. Not so different from a wedding I attended eight years ago in the same town. But you don’t have to venture far to see the lasting impact of the storm. Four years after Katrina flooded most of New Orleans, killed 1,464 people and caused billions of dollars in damage, about 75 per cent of the 454,000 residents who were there before Katrina have returned. The areas that have not recovered are also the poorest.

Banking governed by Koranic principles is a rare growth market in a shaken financial world, says Edie Lush — but is it really more stable than its Anglo-Saxon equivalent? The clash of civilisations between the Muslim world and the West takes many forms. Even on the financial front, there are deep differences of philosophy in relation to money, debt and profit. But at a time when the Anglo-Saxon mode of banking is flat on its back after the credit crunch, its Islamic counterpart is gaining wider acceptance, and even laying claim to be a more stable alternative.

Why would anyone choose to spend an afternoon with a self-proclaimed geek in a clip-on tie, who calls himself a ‘field agent’? Carphone Warehouse is betting that many of us will jump at the chance. They’ve brought the Geek Squad over from the US and are offering their nerds to UK consumers and their computers. Why would anyone choose to spend an afternoon with a self-proclaimed geek in a clip-on tie, who calls himself a ‘field agent’? Carphone Warehouse is betting that many of us will jump at the chance. They’ve brought the Geek Squad over from the US and are offering their nerds to UK consumers and their computers.

How much do you hate Big Brother? A lot perhaps; but enough to welcome the demise of Channel 4? This is a real possibility: an Ofcom report due in a few days time will detail just how precarious Channel 4’s finances are becoming. While the report’s contents are still unknown, the challenges C4 faces are not. C4 has produced some of the nation’s favourite programming, including Channel 4 News and Film4 hits such as Four Weddings and a Funeral and Trainspotting. It has also produced programmes such as Celebrity Big Brother, which have grabbed headlines but horrified the chattering classes. In a bid to avoid more of the same, C4 recently cancelled a series celebrating ‘wank week’ and featuring last year’s ‘London Masturbate-a-thon’.