BETWEEN MURDOCH AND A VERY HARD PLACE

first_img whatsapp whatsapp Show Comments ▼ FINALLY! A chance for harried BSkyB chief executive Jeremy Darroch to let his hair down: the Sky Christmas party – or “Winter Reception” – invites have been issued, the balloons blown up, the goose cooked. And it will be a well-deserved rest. The Capitalist hears that Darroch has had a stressful few weeks in the limbo surrounding News Corporation’s attempt to buy out the rest of the Sky. News Corp is keen to expand beyond its 39 per cent stake but its attempts have so far been stymied by pesky regulators.So Darroch faces an unusual quandary: does he try to maximise profits and increase the company’s stock price, thereby aggravating his main shareholder by upping the amount it will have to stump up for the rest of the company? Or does he keep a lid on growth and face the wrath of the other 61 per cent of investors?Never has just doing one’s best for the firm seemed so complicated. BARE ESSENTIALSEvery merger brings its trials, from the lawyers’ fees to the “social issues”, but top of the pile is surely what to name the resulting hybrid. Luckily, the honchos over at Essenta have taken the bull by the horns. Essenta itself is a merged version of Northern Foods and Greencore – so what’s with the brand new branding.Chief financial officer Simon Herrick was kind enough to satisfy my curiosity: “The name is derived from ‘essential’ and ‘essence’, which are two words that play to the quality of our food,” he said. So what kind of essential food does he mean? Well, Goodfella’s Pizza, Bisto, Aunt Bessie’s… all essential, in their own way. But there might be another reason: “It’s very difficult to find a name that nobody else has already used, to be frank,” Herrick admitted. CUNNING AS FOXROLL up for the most anticipated Christmas bash of the season. Not a soiree, that is, but a chance for some of the loudest mouths in media to bash one another’s employers in a BBC-hosted panel entitled “The future of news: BBC, Fox or a third way?”To be chaired by Nick Robinson, the debate is to feature BBC director general Mark Thompson, head of news for Channel 4 Dorothy Byrne, NewsWatch’s Raymond Snoddy and, to keep the discussion on the straight and narrow, former Sun editor Kelvin MacKenzie.MacKenzie is known for offering generous doses of his florid prose to all who will listen, so I wondered how the hack fancies his chances against a panel including a woman known for inviting Iranian President Ahmadinejad to deliver Channel 4’s Christmas message.MacKenzie isn’t too ruffled, it turns out. “Mr Thompson has a large brain,” he said, “but a small public speaking ability. I am the exact reverse.”The secret of getting applause on Question Time revealed.VOODOO CASHTired of sitting on all that amassed company capital? Luckily, Capital Alternatives has found a more fun way for you to store it than using an exchange-traded fund with a long name. The firm is selling a collection of Elvis Presley memorabilia that includes a cigar actually smoked by the King himself. Or if Presley isn’t your cup of tea, try a visit to Bonhams on 15 December, where one of Jimi Hendrix’s surviving guitars will set you back an estimated £80,000-£120,000. That ought to take care of some of the cash and as for the rest, did someone say Potash Corp? Wednesday 17 November 2010 8:38 pm More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comcenter_img Share BETWEEN MURDOCH AND A VERY HARD PLACE by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeWolf & ShepherdNFL Star Rob Gronkowski Loves These ShoesWolf & ShepherdTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailCompressaWhy Physical Therapists Are Recommending This Knee SleeveCompressaTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm KCS-content Tags: NULLlast_img read more

Cameron needs to act – not just talk

first_img KCS-content More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Share Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Cameron needs to act – not just talk Sunday 6 March 2011 11:18 pmcenter_img whatsapp whatsapp ON the face of it, David Cameron’s pledge yesterday to “take on the enemies of enterprise” was a breakthrough. It was great to see the prime minister at last get off the fence and criticise the officials and bureaucrats that have done so much to halt progress and job-creation in Britain. He joked that even his baby daughter Florence knew that “tax and regulation” was holding the country back – and promised to “be on the side of everyone in this country who wants to create jobs, and wealth and opportunity.” It was all good stuff, the sort of rhetoric that is desperately needed in a country that has fallen out of love with hard work and risk-taking and which has become dangerously addicted to debt-fuelled instant gratification. But if something sounds too good to be true, it usually is – and all the good words at the weekend soon fall apart on closer analysis. Cameron is right that bureaucrats specialise in gold-plating rules and making life difficult for people – in fact, he could have gone even further in his critique, pointing out that many of the coalition’s reforms are being sabotaged by the civil service. But he is wrong to imply that officials are uniquely guilty or are somehow the originators of the bad rules crippling UK Plc. Civil servants and officials – national as well as local – only operate within the legislation – and that is the responsibility of the government, which passes laws in Parliament. At the end of the day, the government is responsible for the way this country is governed. To imply otherwise is a case of shameless buck-passing. It is not some faceless, Whitehall-based mandarin who is abolishing the compulsory retirement age, a well-meaning but unworkable change which means that anybody over the age of 65 could sue for discrimination if they are ever let go. It is the coalition government. It is not bureaucrats who are hiking employee national insurance in April, which means that the higher rate of tax will climb to 42 per cent and the top rate to 52 per cent – it is the politicians. It is not officials who are introducing a flurry of new labour market laws – seven major changes in 2011 alone – that will make it even less economic for employers to hire staff. The most costly will be the right to request time off to train, which will have an annual recurring cost to business of £174.96m; the agency workers directive, which will have an annual recurring cost to business of £1.548bn; and next year’s pensions reform, which will have an annual recurring cost to business of £4.526bn. And what about the crazy Bribery act, another well-meaning change which will criminalise swathes of innocent behaviour and end up costing firms fortunes in legal advice? Sure, officials will make these more costly than they need to be – but at the end of the day these are pieces of legislation voted through by the government. It may be following the EU’s orders, of course – but the government could simply refuse or reform the UK’s relationship with the EU to prevent some of this madness. Yes, in every case the law is worsened by officialdom. This is especially true of planning rules, where local councils behave in absurd ways. But unless Cameron genuinely takes the axe to laws that he has until now been happy to promote, yesterday’s speech will turn out to have been yet another piece of substance-less spin. We will soon find out.Follow me on Twitter: @[email protected] Tags: NULLlast_img read more