Martin Vander Weyer is business editor of The Spectator. He writes the weekly Any Other Business column.
From our UK edition
Strange goings-on at the crippled Co-op, where chief executive Euan Sutherland was reported to have tendered his resignation in anger at a leak of plans to pay him £3.6 million for his first year’s work — vastly more than his predecessor, and despite group losses of £2 billion resulting from a black hole in its
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To have written last month that the headline ‘Kiev in flames’ looked like a black swan on the economic horizon hardly makes me Nostradamus — but sure enough, the tension between Russia and Ukraine have caused stock markets to quiver and the price of UK gas for one-month delivery on the ICE Europe futures exchange
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Dividends paid by listed companies around the world passed $1 trillion for the first time last year, we learn from a report by Henderson Global Investors. The total is 43 per cent higher than it was in 2009, and a breakdown shows that US companies account for about a third of all dividends paid, while
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Imagine if the BBC’s excitable commentators had been asked to cover the building of Sochi’s facilities, rather than the Winter Olympics themselves. ‘Yeesss!!’ Ed Leigh might have yelled, ‘That’s the 21st construction contract for the big lad from St Petersburg, Arkady Rotenberg. Seven point four billion dollars’ worth, a new Olympic record — more than
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A reader likens me to Dr Pangloss, the quack philosopher in Voltaire’s Candide who insisted that ‘all is for the best in the best of all possible worlds’ even after he was reduced to a syphilitic beggar. It’s true that I tend to regard positive indicators — a 22-year high in the BDO index of
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Tom Bower’s first biography of Sir Richard Branson, in 2000, was memorable for its hilarious account of the Virgin tycoon’s accident-prone ballooning exploits — and for its trenchant thesis that he had ‘toppled from his perch onto a slippery, downward path’, both in business and personal reputation. But what Bower depicted as ‘the beginning of
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At a charity lunch in Manchester, I meet a cheerful ‘engagement manager’ from AO.com, formerly Appliances Online, a fast-growing internet seller of fridges and washing machines headquartered at Horwich near Bolton. The job title is new to me: it turns out to mean engaging the company’s workforce in ways that help them enjoy their jobs
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The decision not to reselect Anne McIntosh, as seen by one of her local party members. One evening last March I was standing at the back of the crowded annual meeting of Thirsk and Malton Conservative Association, observing in a semi-detached way as a rank-and-file member. Our MP, Anne McIntosh, was delivering an angry speech
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There were a million people who voted Labour in the 2005 general election but not in 2010, when the party fell from a 66 majority to 48 seats behind the Tories. Thanks to the Lib Dems’ spiteful rejection of boundary changes that would have helped their coalition partners, the 2015 poll is already rigged in
From our UK edition
There were a million people who voted Labour in the 2005 general election but not in 2010, when the party fell from a 66 majority to 48 seats behind the Tories. Thanks to the Lib Dems’ spiteful rejection of boundary changes that would have helped their coalition partners, the 2015 poll is already rigged in
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I’ve always respected stationmasters, but that sentiment is not universally shared. A distinguished friend of mine across the Channel described François Hollande the other day as ‘un chef de gare, sans aucune dignité’ — and it’s not difficult to picture the little president, peaked cap awry, trousers unbuttoned, haplessly waving his whistle as the last
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The cautionary tale of the Co-operative Bank, its black hole and its naughty chairman has recently taught us that if a financial institution has the reputation of being dull, earnest and set in its ways, it probably isn’t. The collapse last year of Switzerland’s oldest private bank, Wegelin & Co — whose boss once claimed
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Jim O’Neill, the Mancunian former chief economist of Goldman Sachs in London, commands attention whenever he speaks and has a claim to fame as the coiner in 2001 of the acronym ‘Bric’ for the four rapidly developing countries — Brazil, Russia, India, China — to which economic power looked set to shift during the early
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This first working week of January is apparently the time when we’re most likely to think about a change of career; and last Friday was the 30th anniversary of the launch of the FTSE100 index of leading companies listed on the London Stock Exchange. The combination of those two diary items made me wonder what
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I blamed the pheasant casserole, but I did it an injustice. Its only contribution to the drama behind my disappearance in mid-December was a residue of lead shot in the small intestine that briefly confused the radiologist. The real villain revealed by the scan was my appendix, which had taken on the raging, bull-necked, bug-eyed
From our UK edition
I blamed the pheasant casserole, but I did it an injustice. Its only contribution to the drama behind my disappearance in mid-December was a residue of lead shot in the small intestine that briefly confused the radiologist. The real villain revealed by the scan was my appendix, which had taken on the raging, bull-necked, bug-eyed
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Call me a trencherman or worse, but I tend to think of the Dordogne as a giant restaurant-cum-farm shop, set in a wooded riverside picnic park. And I have a feeling that’s how its native residents think of it too, so central is the well-filled table to their traditional way of life. ‘Dordogne’ of course
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Top of my Christmas reading pile is Saving the City by Richard Roberts, a new account of the largely forgotten crisis which afflicted global markets at the outbreak of the first world war, forcing the London Stock Exchange to close on Friday 31 July 1914 and stay dark for six months. It’s a reminder of
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‘If I can’t see a factory from up here,’ I mutter to myself, throwing the car round an uphill bend of the B5032 south of Ashbourne, ‘I must be in the wrong county.’ But no, I’m not lost; there below me is a long pale slab of a building that announces itself as JCB World
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Do you love Amazon? I have to admit that I do, and that I buy books from it far more often than I buy them anywhere else — or bought them in the pre-internet era — and sometimes music, and occasionally kitchen items, and even bedding. I particularly like the ‘1-Click’ payment system, and the