Any other business

Crazy car, crazy company: but maybe it’s the future

Edie Lush encounters Riversimple, a car project with a corporate philosophy that’s as unconventional as its technology and an urge to give away its secrets on the internet Riversimple is either completely revolutionary or totally nuts. At a time when electric cars are the big green fashion, Riversimple’s founders have invented a hydrogen-powered car, and

Standing Room | 4 July 2009

When I was young, being given ‘options’ was a treat. When I was young, being given ‘options’ was a treat. It felt empowering — as though I were in complete control of my destiny. ‘Do you want to play Monopoly or Careers?’ ‘You have a choice — a Zoom or a Fab, what will it be?’ ‘If

A fatal crash for Porsche and Volkswagen?

Gary Lineker once observed that football was a simple game in which 22 men ran around the pitch, and then the Germans won. Much the same could be said of the car industry. It’s a simple enough business, in which everyone spends billions on big factories and flashy dealerships. And then the Germans make all

Like rabbits caught in the headlights

‘It’s a difficult world out there,’ admits Chris Kenny, investment director at Smith & Williamson, the wealth management and accountancy group. ‘There’s the recession, the economy teetering between inflation and deflation, higher tax rates, increased risk and lower returns all round.’ While market risks have soared, investors’ faith in the people charged with looking after

Trying to pick winners is a losers’ game

One dark evening in October 1994, I was standing in a small meeting room that faced on to Fleet Street, waiting for my last interview before I could escape into the rainy streets. Then a young trader strode in and asked me an unforgettably difficult question: why should Goldman Sachs — for that is where

Standing Room | 27 June 2009

Logging on to a university homepage I noticed that the first thing it flags up — breaking news — is that they’re installing a £56,000 digital satellite TV system which will ‘transform’ the way students access multilingual news and information from around the world. Apparently the purchase of Exterity IPTV represents the Language Centre’s biggest-ever

Does the Bank of England deserve more power?

Critics of Gordon Brown’s ‘tripartite’ regulatory structure want authority restored to Threadneedle Street, says Richard Northedge. Critics of Gordon Brown’s ‘tripartite’ regulatory structure want authority restored to Threadneedle Street, says Richard Northedge. But is the Bank’s track record tarnished? The simplistic initial analysis of the financial crisis — that the tripartite oversight structure of the

Standing Room | 20 June 2009

I have the fear. The fear wakes me up at 3 a.m. and for a split second I forget what it is exactly that I’m frightened of. And then I remember. I am a mother and one of my children is off travelling and is on the other side of the world. In the still

Setanta: the Gordon Brown of sports broadcasting

David Crow says the Irish-based football channel — like the Prime Minister — looked a winner during the boom years but failed to attract fans and will struggle to survive You have to hand it to Michael O’Rourke and Leonard Ryan, founders of sports broadcaster Setanta. Three weeks ago it was hard to find anyone

The bruiser who fought his way back

History will regard Gerald Ronson as the man who withstood the humiliation of a high-profile trial and conviction, took his punishment without flinching, and returned quietly to his métier of making millions. Speaking from the comfort of his boardroom at Heron, his family’s property empire, the 70-year-old tycoon says, ‘Did I get a black eye,

The personal credit crunch

It’s a law of the financial jungle that where there is debt there is desperation and where there is desperation you can sell all manner of dodgy ‘solutions’. Last year, commercial radio stations were full of ads telling us that — thanks to a ‘little-known loophole’ — half our debt could be wiped off if

Standing Room | 6 June 2009

It’s always the smallest thing that tips one over the edge. It’s always the smallest thing that tips one over the edge. This week I cracked. I sat on the pavement outside King Edward VII’s hospital and shamelessly sobbed. My husband was ill with septicaemia, and I was desperate to get to him. I was

One day, the kharbouza will be mightier than the Kalashnikov

Afghan farmers can prosper by producing the world’s finest melons, pomegranates and grapes, says Elliot Wilson, but first they must be weaned off growing the opium poppy Modern-day Afghanistan conjures up many fearsome images, from rocket-launchers and retreating Soviet tanks to mujahedin warriors and Taleban zealots. Yet this war-ravaged central Asian state, which has to

Standing Room | 30 May 2009

When I was younger (old habits obviously die hard and you have to forgive me for not automatically writing ‘when I was young’ — it’s just going to take a bit more practice), I used to find a particular greeting card amusing. It was a cartoon of a demented-looking career woman. She had one hand clutching

Martin Vander Weyer

Any Other Business | 30 May 2009

I don’t give a toss about my MP’s flat, but I’m bloody livid about council tax Next Thursday’s elections have been so overwhelmed by the scandal of Westminster expenses that candidates for the major parties have scarcely shown their faces in my part of the world. And voters, content to fulminate at the daily pageant

New wine in old bottles

Lucinda Baring meets Simon Berry, chairman of a 200-year-old company that’s more modern than it looks  Berry Bros & Rudd in St James’s Street epitomises the idea of an old-fashioned wine merchant. Outside, the façade has remained largely unchanged for centuries. Inside, the panelling, desks and uneven wooden floor transport you to an era long

Standing Room | 23 May 2009

I am not one of those who believe that God made the highways solely in order for motorists to inherit the earth. But any milk of human kindness flowing through my veins curdles when I am driving on the Embankment during the early morning rush hour. I have to make the big sacrifice of not

Brown’s nemesis awaits — and his name is Brian

Who will finally sit Gordon Brown down with a bottle of whisky, a loaded revolver and a copy of his own book on courage, and tell him the game is up? You might imagine the task would fall to Jack Straw, flanked by a couple of union bosses. In fact, it’s more likely to be

It’s Groundhog Day for Obama’s economic team

In Punxsutawney, Pennsylvania, there lives a fat rodent called Phil whose job it is in the middle of every winter to tell us how much longer we must suffer through the cold and dark until spring. Phil is a groundhog and his annual prediction is taken very seriously. There is even a celebrated film about

The business of politics

As London’s mayor, Sir Alan, you’d be a mere apprentice A recent poll placed Sir Alan Sugar as the leading independent candidate to be the next mayor of London. His statement that ‘…observing the past mayor, Livingstone, and Boris, the current one, I’m confident that it would be a walk in the park for me’,