Summary
email: cityspy@standard.co.uk IT wasn't just the Government that felt John Humphrys' ire in his June speech to PRs, now the subject of a row. The BBC presenter was apparently paid Pounds 12,000 for his services and gave a clue as to why he needed the money. "If we look at the financial services industry, personally, I've had a great deal to do with a lot of advisers over the years, including a marvellous bloke who gave me a huge amount of advice and with whom I entrusted a gobsmackingly large amount of money, for me anyway, and he happened to work for the Equitable Life," he confided. "Now I felt hugely burned, it cost me a very large amount of money indeed. But if you ask me now whether that man his name was Ian, he came to my house every couple of months and we talked and I gave him yet more money - had integrity, I would say 'absolutely'. He is now doing a slightly different job and I still use his services. As it happens, he was stitched up by his own bosses who I wouldn't ascribe the same description to."
WHY is City Spy not surprised by the slowdown at PartyGaming and the fall in its shares? The chief executive says "the rate of growth is continuing to moderate". The finance director, says growth rates are "unsustainable going forward". Apocalyptic stuff and a world away from the euphoria of the float just three months ago NORMALLY, when a company fires a director and restructures, the decisionmaking process can take months. How convenient then, that, just as talk grew Scottish Power was about to be bid for by E.On, two directors were sacked and a Pounds 35 million restructuring announced.See the full content of this document
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