Commodities drive surge in food inflation

first_img KCS-content Tuesday 7 September 2010 11:08 pm whatsapp Commodities drive surge in food inflation Share Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapp Show Comments ▼ FOOD price inflation surged to its highest level in more than a year as rising commodity prices fed through into the supermarkets, the British Retail Consortium (BRC) will say today.The BRC’s monthly shop price index shows that annual food inflation increased to 3.8 per cent in August from 2.5 per cent in July, the highest level since July 2009. In contrast, non-food inflation slowed to 0.5 per cent on a year earlier. Stephen Robertson, director general of the BRC, said: “Past rises in the cost of global commodities, such as wheat and sugar, are filtering through to food prices. In response, retailers are offering more deals with milk and bread particularly competitive battlegrounds.”However, he added that food price inflation is nowhere near the return of the double-digit food inflation of two years ago.Although non-food inflation eased in August, the BRC anticipates a pick up in prices in the coming months. “Over the coming months, we expect non-food inflation to experience weak downward pressures, but remain relatively stable, as competition among retailers intensifies in the run-up to Christmas,” the BRC said. It added: “With the new 20 per cent VAT rate coming into effect in January, non-food inflation is likely to rise sharply in the first quarter of 2011.” Nonetheless, with a third of groceries already on promotion and consumer demand likely to remain lacklustre, the BRC expects retailers to continue to use discounts and promotions to drive sales in the coming months, keeping shop price inflation low. Tags: NULLlast_img read more

Government launches green deal

first_img KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tuesday 21 September 2010 8:27 pm whatsapp Show Comments ▼ whatsapp Share Energy secretary Chris Huhne yesterday announced plans to create almost 250,000 jobs in green industries as part of the coalition’s drive to be “the greenest government ever”. Speaking at the Liberal Democrat conference in Liverpool, he said the “green deal” would lead to thousands of workers modernising around 26m homes to make them more energy efficient. CBI director-general Richard Lambert said: “We welcome Huhne’s commitment to developing clean coal and gas through four carbon capture and storage plants and his recognition of the important role new nuclear power will play in a low-carbon future.” But he said the CBI was against the idea of raising the EU emissions reduction target to 30 per cent. Government launches green deal Tags: NULLlast_img read more

Business failures in London fall by 16 per cent, says report

first_img whatsapp Share whatsapp Tags: NULL Business failures in London fall by 16 per cent, says report Show Comments ▼center_img KCS-content Tuesday 12 October 2010 9:04 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Genius More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org BUSINESS failures in London fell by 16 per cent in the third quarter of 2101 compared to a year earlier, according to a new report.The Equifax Business Failures Report found failures across the country fell by 13.4 per cent year-on-year, with the number of failures for the quarter standing at 6,646.However, this is still well above pre-recession levels of around 5,000 per quarter. The drop compared to the second quarter is 7.4 per cent.The best performing region was Scotland, which saw a 33 per cent drop year-on-year.An Equifax spokesman said: “Businesses across the UK should be buoyed by our report and the steady fall in insolvencies in London echoes the trend across the UK. Overall, the downward trend in failures has been sustained quarter-on-quarter through the year. “Whilst our latest analysis of the business failures data is encouraging and shows that all sorts of organisations are taking steps to tackle late payments and bad debts, there is still a long way to go and businesses need to continue protecting themselves from the tough trading conditions. last_img read more

Carlyle in $3bn bid to buy CommScope

first_imgMonday 25 October 2010 7:29 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm KCS-content whatsapp Tags: NULL Sharecenter_img PRIVATE equity firm Carlyle Group is in talks to buy CommScope for about $3bn (£1.9bn), the communications cable maker said. It is the latest sign of a resurgence of acquisitions by private equity firms, which are under pressure to invest billions of dollars of capital raised in the past few years.Private equity takeovers – known as leveraged buyouts – plummeted after the credit crisis limited access to debt financing. But the financing markets have since improved enough for large deals to be struck again. In July, Carlyle announced a $3.8bn deal to buy US nutritional supplements maker NBTY.Under the terms of a what CommScope called a “potential agreement,” Carlyle would buy CommScope for $31.50 per share in cash, a premium of 36 per cent to the shares’ Friday’s closing price, CommScope said.“We consider a deal price of $31.50 fair,” UBS analysts said in a research note. But they added that their “own internal analysis had produced scenarios with a potential take-out value 5-10 per cent higher.”The UBS analysts said they did not foresee any rival telecommunications companies or other logical strategic buyers emerging to counter Carlyle’s bid.Corning, and possibly 3M and Huawei, would be the most likely strategic buyers that would consider a deal, the analysts said. But “we believe either price, size of deal, cultural and regulatory hurdles, would make it difficult to consummate any deal,” they wrote.The deal values CommScope at $2.98bn, based on 94.72m shares outstanding as of 21 July. Show Comments ▼ Carlyle in $3bn bid to buy CommScope More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org whatsapplast_img read more

Puma forced into writedowns after fraud claims at Greek joint venture

first_img GERMAN sporting goods maker Puma said yesterday it would bring criminal charges against its partners in a Greek joint venture after discovering an alleged swindle that could cost it as much as €130m (£115.3m).Puma said it suspected that its “Greek joint venture partner, along with members of the Greek local management, has committed a series of criminal acts” based on the preliminary findings of an audit.“This is about systematic evasion and embezzlement,” said Puma chief executive Jochen Zeitz.He said it was not yet clear how much Puma would seek in damages from its partners, brothers Georgious Glou and Antonius Glou, who own 15 per cent each of the Puma Hellas venture.Officials at Glou, a non-listed Greek clothing retailer, declined to comment. The two brothers did not immediately return a phone call to their office seeking comment. Greece is one of Puma’s ten biggest European markets, with annual sales in the tens of millions of euros.“In the long term, Greece is an important market for us,” Zeitz said, but added that Puma would shrink its Greek business — under new management – to reflect tough economic conditions in the southeastern European country. Greece’s economy has been pummeled as the debt-choked country tightens its belt to slash its sky-high budget deficit. The unemployment rate there has risen to 12 per cent and is set to head to more than 14 per cent next year. Zeitz said Puma, which is controlled by France’s PPR will exercise an option to take over the Glou brothers’ 30 per cent of Puma Hellas and gain full control of the business. Puma forced into writedowns after fraud claims at Greek joint venture Show Comments ▼ whatsapp Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com KCS-content whatsapp Monday 25 October 2010 8:04 pm Tags: NULLlast_img read more

Desire Petroleum well in the Falklands hits another delay

first_img OIL explorer Desire Petroleum said a closely-watched sidetrack well on its prospect in the Falkland Islands was unable to reach target depth, meaning a further delay before the firm can produce oil.The company said last month that the original Rachel well near the islands did not find oil but that it was going to drill a sidetrack well as it had identified a more prospective zone nearby. Rockhopper, another Falkland Islands-focused explorer listed in London, owns a 7.5 per cent stake in the licence covering the Rachel wells, with Desire owning the rest.Rockhopper completed a £206.3m rights issue last month in order to fund its own exploration in the region. The sidetrack well was unable to reach target depth due to wellbore stability issues, said Desire, the operator of the well.Shares in Desire, which last week rose as much as 78 per cent in a single day on speculation the sidetrack well had found oil, opened down 12.1 per cent before recovering to close down 5.2 per cent at 92p. Shares in Rockhopper closed down 3.8 per cent at 306.25p. Monday 1 November 2010 9:18 pm Tags: NULL KCS-content whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsapp Show Comments ▼ Desire Petroleum well in the Falklands hits another delay Sharelast_img read more

Aviva unveils £200m cost cutting programme

first_imgTuesday 2 November 2010 4:07 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Share John Dunne Insurer Aviva unveiled £200m in planned cost cuts and said it was set for “strong profitable growth” this year after sales for the first nine months rose in line with expectations.Aviva, Britain’s second-biggest insurer, will take out £200m in costs and deliver another £200m in efficiency gains by the end of 2012, it said.“We are on track to deliver strong profitable growth and outstanding capital generation for the full year 2010,” the company said in a statement.Total life and pensions sales for the nine months to 30 September were £25.5bn, up six per cent compared with the same period last year, and broadly in line with a consensus analyst forecast of £25.2bn. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrapcenter_img Aviva unveils £200m cost cutting programme whatsapp whatsapp Show Comments ▼ Tags: NULLlast_img read more

Barron’s eyes high GM price

first_imgSunday 7 November 2010 8:54 pm whatsapp Tags: NULL KCS-content Show Comments ▼ More From Our Partners Man on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKansas coach fired for using N-word toward Black playerthegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comColin Kaepernick to publish book on abolishing the policethegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Barron’s eyes high GM price Share whatsapp General Motors is likely to price at the high end of the $26-$29 (£16-£18) per share range when it makes its IPO debut on 17 November, but US financial magazine Barron’s raises the question of whether its Wall Street underwriters are being too conservative in pricing the deal. The carmaker’s strong third-quarter results, analysts’ views and the levels at which the unsecured debt of the old GM is trading could imply a price higher than the expected range, according to Barron’s. Investor demand will be high if the price remains low, Barron’s said. last_img read more

IRELAND SURRENDERS

first_imgMonday 22 November 2010 6:48 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Share whatsapp Show Comments ▼ IRELAND SURRENDERS KCS-content whatsapp IRELAND finally succumbed to pressure and gave up its fiscal sovereignty yesterday, with the government announcing that it had applied for an aid package to bail out the public finances and the country’s ailing banking sector.Irish Prime Minister Brian Cowen would not give a figure for the bailout amount but finance minister Brian Lenihan told RTE news that it “would not be three figures” but would be in the “tens of billions”. Independent estimates for the amount range from €60bn to €120bn (£52bn-£104bn), with the money to be loaned at less than market rates.Britain is reportedly to stump up €7bn – though it is not clear whether this will be a bilateral loan or whether it will go through the European Financial Stabilisation Mechanism. The other sources of cash will be the Eurozone member countries and the International Monetary Fund, with Sweden also having offered money.As a condition of the bailout, the Irish government will be subject to regular reviews to make sure that it is on track in tackling its deficit.The Irish government is due to publish a four-year-plan this week to bring its 11 per cent deficit (32 per cent counting the state’s guarantee of Irish bank loans) down to three per cent by 2014. It has said that this will involve savings of €6bn this year and €15bn overall, with most to be absorbed by spending cuts and tax rises on a two-to-one ratio. However, Ireland will now have to negotiate the details of its deficit programme with its new creditors. Other Eurozone leaders want to bring the country’s low corporation tax of 12.5 per cent into line with their own higher rates, but the Irish government has called that issue “non-negotiable”. EU finance ministers yesterday released a joint statement declaring that “financial support will be provided under a strong policy programme which will be negotiated with the Irish authorities.”The IMF and EU could demand that Irish banks increase their core capital ratios from current levels of eight per cent. Allied Irish Bank revealed on Friday that it has been haemorrhaging cash, with €13bn worth of deposits – mostly from businesses – withdrawn since June. With Bank of Ireland also seeing outflows of €10bn in the third quarter of this year, there were growing fears of a run on Irish banks. As part of the bailout, the banks’ financing package will include a restructuring that Cowen said would “downsize and make sustainable” the Irish financial system, although he would not give any further details.In the UK, Chancellor George Osborne’s offer of help to Ireland has sparked discontent on the Tory backbenches, with John Redwood MP saying that the UK cannot afford to make loans worth billions: “The public will find it difficult to understand why certain items are being cut that matter to them, if the money being spent on EU contributions and euro support keeps soaring,” he wrote on his blog. Tags: NULLlast_img read more

CITY GENTS DON THEIR TOP HATS FOR RACES

first_img Tags: NULL CITY GENTS DON THEIR TOP HATS FOR RACES KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Tuesday 23 November 2010 8:45 pm Show Comments ▼ CITY firms will be flocking to Newbury Racecourse for its “gentlemen’s day” on Friday, with the venue reporting a 30 per cent year-on-year jump in corporate bookings from City firms. Firms signing up for the event include Cushman & Wakefield, Publicis and Arbuthnot Securities – but what, you may ask, is a “gentlemen’s day”, other than a Victorian euphemism?It is, essentially, a day for dressing in the finest of tails and having a flutter on whichever horse takes your fancy, with champagne and wine aplenty. And to add to the competitive instincts of the lucky City folk being entertained, the racecourse will be running a “best-dressed” competition, to be judged by a panel including the fashion blogger Prince Cassius – dubbed Britain’s “best-dressed man” by GQ.All participants needs do to enter the competition is show up in a spiffy outfit, since there will be designated spotters in the crowds, with preference given to “traditional” attire (time to dust off your grandfather’s top hat). Arbuthnot Securities director Rob Saunders said that he’s “sure all the guys will be keen to win the best-dressed gentleman this year for Q Club membership, which would go down very well in the bragging stakes!”Women are, alas, excluded from the dressing competition – the racecourse runs a “ladies’ day” in August due to women’s preference for faster flat-racing instead of racing with jumps. INCOMMUNICADOFinancial Services Authority head of communications Tom Kelly (picured, top right) has had a turbulent few months to settle into his role since April, what with the government partially abolishing the FSA and all. But after stints as spokesman for Tony Blair and BAA, he’s surely an old hand at handling public inquiries?Perhaps not. It seems that the FSA’s comms chief has adopted a curiously reticent policy towards… well, communicating. Attempts to reach him at his domain in the FSA – the press office – drew a blank. Couldn’t he just come to the phone? The Capitalist wondered. “You have to go through the press office,” came the peculiar reply. Would that be the press office Kelly runs?When The Capitalist did finally manage to track him down on his mobile, he had a brief summary of his position: “I don’t speak to the press.” Let’s hope he never has to communicate anything urgent!IRISH LOVETempers are on the boil in Ireland over the bailout fiasco, and the country’s tabloids are going to town with their splashes. The pictures of Prime Minister Brian Cowen giving yet another lacklustre statement in front of his Cabinet yesterday provided ample caption fodder. But while the Irish Independent went for the rather gentile “The Long Goodbye”, others weren’t so kind. The Irish Daily Star instead chose “Useless Gobshites”.But it seems that Cowen is no stranger to this cruel treatment. A friend was in touch today to point out a longstanding nickname for the PM in the Irish press, who’s from Offaly: BIFFO. We’re told the first two letters stand for “Big Ignorant”, but what in the world could come next?VETERANS’ LUNCHFor those in the mood for swapping stories of past stock market woes over a good burger today, head to the Bangers Bar & Grill, where the Stock Exchange Veterans Association will hold its annual general meeting at 12.30pm today. Stockmakers of any age and inclination are invited. whatsapp Share whatsapp last_img read more