Sunday, 22nd November 2009

 

Russian oligarch poised to buy London daily for £1

Alexander Lebedev, the former KGB officer and Russian oligarch, is likely to acquire the London Evening Standard for a token price of £1 (€1.1), according to a report in The Times.

The Daily Mail and General Trust, the holding company led by Lord Viscount Rothermere which controls the newspaper, said it was ready to listen to other offers.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

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