03 Dec 2008
Click to remove filters
The collapse of the long-running attempt by the world's largest mining group, BHP, to buy the third largest, Rio Tinto, brought the curtain down on a deal that would have been the second largest takeover in history.
When things go wrong in large public organisations, it can get very messy. Finger pointing, party politics, hot-headedness... it all starts to unravel.
On one of the recent business programmes about the global economic turmoil, the presenter said they had tried to interview some fund managers on stock markets but had experienced great difficulty finding anyone who was willing to come on the programme.
When share prices are rising, investment analysts will do almost anything to avoid writing a 'sell' note on a company. If they really detest a business, they might at a pinch downgrade shares to a 'hold'.
In the last recession of the early 1990s many companies privately thought they could not afford to maintain their dividends. But they did not dare hint to their shareholders that they were thinking about cutting dividends because such a suggestion, coming out of the blue, would risk destroying their...
We are in uncharted territory. Waking up on a Monday morning to headlines that Britain's banks are being nationalised is something to tell the grandchildren.
The CEO of a PR firm who has given the most convincing impression of being cheerful in the past few weeks was one who had decided a couple of years ago to invest heavily in a division to specialise in regulation and political lobbying.
The worsening economic downturn brought about by the global credit crunch means that it is time for decisive leadership from local government. Every area of the country is feeling the effects, and belts are already being tightened as family budgets come under pressure.
The British have never been particularly good at talking sensibly and rationally about executive pay. The press whip up the baying crowd, and pour petrol on the flames of envy rather than promote reasoned debate on the issues. As a result, while Brits do not mind a footballer earning £1m, they object...