There is something special about Sunday morning, the Sunday Times, hot croissants with honey and butter, excellent.
Headlines – “Union dirty tricks dupe Miliband” makes the headlines this week. 1,000 emails have been shown to police. They expose a union plot involving threats, intimidation and dirty tricks to thwart an Ed Miliband inquiry into alleged electoral corruption in Scotland.
Claims the Unite union rigged the Falkirk votes to secure its own nominee as the party’s parliamentary candidate gained substance. A dossier of email evidence was handed over to police by a team of investigating lawyers acting for Ineos.
They discovered Stevie Deans, party chairman in Falkirk and Unite boss at Grangemouth was using much of his work time and computers to co-ordinate an election process and subsequently to subvert a labour party investigation into the alleged malpractice. No need to hack, hard evidence was left on the hard drive! A cache of bombshell emails created a storm in Labour HQ, thanks to the computer sleuths.
Great Storm to hit Britain tonight also makes the headlines. Britain is facing a battering from one of the worst storms since October 1987. Powerful winds exceeding 80 mph and 4cm of rain are expected late tonight. Huge waves are expected to batter southern coastlines. If you are reading this today, take care. If checking your inbox on Monday, I hope you survived the worst. The Highways Agency has advised those thinking of taking a caravan holiday to think twice before doing so. Always my advice whatever the weather.
The last great storm coincided with the Black Monday stock market crash October 19 1987. On that day we were due to push the button on our Billion Dollar hostile bid for a US corporate. An High Leverage Transaction of the highest order. We were meeting with a brigade of accountants, lawyers and corporate finance chiefs in the city. Samuel Montagu, First Boston, Bain plus Wasserstein Perella were present. All had survived the trip to London despite the weather. Early afternoon, faces turned green as the news of the US stock market crash filtered through. Cigars were chewed, faces slewed – the extensive meeting broke up in confusion. The deal was off as deal ambitions and the underwriters were blown away. Hope your plans better withstand the storm.
The Saturday Economist, in The Saturday Economist this week, “On the road to prosperity and open for business” is our headline. We comment on the latest GDP and borrowing figures with comments from speeches by the Chancellor and the Governor. Mark Carney is shaking up the Bank of England, calling in McKinsey and Deloitte to review procedures and costs in the process. “Open for business” the soundbite. We have a Governor who talks to the bankers and is prepared to talk up the city.
Back to the day Jobs – Highlights of the week
Monday – team meetings in the morning and briefing with the Chamber of Commerce Economics and PR team in the afternoon.
Tuesday, the Manchester launch of the HM Treasury call for evidence at the Bank of New York Mellon. The Treasury in association with TheCityUK is leading the review of financial services and the free movement of capital in the single market.
Wednesday, back to BNY Mellon for the Hot topics presentation on currencies by the excellent head of strategy Simon Derrick. Heavy focus on short term capital flows as a guide to currency trends, offers a great insight to dollar and emerging market currency movements.
Later meeting with Clive Memmott and Chris Fletcher at the GM Chamber of Commerce to review the direction of the QES and related economics presentations. Followed by a short trip to the Town Hall for a presentation to Sir Richard’s EMG meeting on the latest QES results.
Friday, Bake a cake day in the office. Good chance to escape for a further session at the Chamber. The team are raising flour to raise cash for charity. Excellent.
Saturday, working in the morning, the day starts as usual with tea, the FT, and the Economist app. In the afternoon, tennis, a lengthy session secures a six all draw before time runs out on court. An honorable result.
Hope all is well, more news next week,
© John Ashcroft 2013,
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