Martin Vander Weyer is business editor of The Spectator. He writes the weekly Any Other Business column.
One of the lessons taught in these pages over many years by Christopher Fildes was that, because financial markets are human nature in action, anything that goes wrong in them is almost certain to have happened before and highly likely to happen again. Technology may advance, the language and methods of business may evolve, the
If you happen to be reading this on Friday evening, I invite you to picture me making merry at the Michaelmas Feast of the Company of Merchant Adventurers of the City of York, which is about to celebrate its 650th anniversary and of which I am a rather junior member. Our founders — mercers trading
Can there be a middle-aged man in Britain whose heart did not beat a little faster last week at the news that Hornby has expressed an interest in acquiring Airfix? This would be a merger that might have been dreamed up in a 1960s toy cupboard. Ailing Airfix is owned by Humbrol, which makes the
For the first time in my life I had to call an ambulance, because my mother was suffering from chest pains. It was a fascinating episode: so much so that my mother, when she was feeling a little better, accused me of actually enjoying it. The reality of Monday morning in a south London A&E
A poster on the District Line at Earls Court inviting me to holiday in ‘the 24-hour Mediterranean city, Tel Aviv’ made me want to know more about the local economic impact of the war between Israel and Hezbollah. The rather severe-looking bikini-clad model in the poster is probably in uniform by now, and if Hezbollah’s
The week in which HMV completed its £63 million takeover of Ottakar’s — and announced that Ottakar’s bookshops will be rebranded as Waterstone’s, which HMV already owns — seems a good moment to contemplate the future of the book trade in the virtual and digital age. There is something so unchangeably pleasing about the feel
A head of steam is building up behind the campaign to halt the imminent extradition to the US of the NatWest Three, the trio who face trial (and two years in a tough Texas jail before trial) for an alleged $6 million ‘wire fraud’ against NatWest in connection with the sale of a joint venture
Time for a naked protest against global cant and in support of Jeremy Clarkson I was all set to join some of my more liberated neighbours on York’s Naked Bike Ride last Friday, until I discovered that it was yet another protest against ‘global oil dependency’. The debate about climate change, carbon emissions and who
Listing page content here ‘We all have different ways of doing things,’ says David Jones, when I ask him what makes a good captain of a corporate ship. He certainly has his own way of preparing for a high-pressure day like the one he had last week at the annual general meeting of Wm Morrisons,
Listing page content here In February 2005 the then chairman of the US Federal Reserve, Alan Greenspan, travelled to Kirkcaldy on the windy shores of the Firth of Forth in the company of our very own Chancellor of the Exchequer, so that both could pay tribute to the town’s most famous son, Adam Smith, in
Many of my friends were hooked on the latest series of The Apprentice Many of my friends were hooked on the latest series of The Apprentice — even our usually infallible television critic James Delingpole, who told me that he loved it ‘because it’s so awful’. Perhaps I should make more effort to master postmodern
I would love to have been a fly on the wall — or a butler — at the US embassy I would love to have been a fly on the wall — or a butler — at the US embassy in New Delhi in March 1963 when Milton Friedman, champion of laissez-faire, came to lunch
The demise of Peugeot’s Ryton factory came and went as a news story The demise of Peugeot’s Ryton factory came and went as a news story in little more than 48 hours, mutating swiftly from ‘shock closure’ to more measured explanations of inevitability. Though Peugeot is accused of welshing on promises that the plant would
Let’s not come over all emotional about the sale of BAE Systems’s one fifth stake in Airbus to EADS, the Franco–German group that already owns the rest of it. For a start, the sale does not portend the death of a once-great industry, because Britain has not had much to be proud of in civil
Christopher Fildes’s City and Suburban column first appeared in June 1984 and notched up over a thousand appearances; before that, he served as business editor under Nigel Lawson in the late 1960s. As a chronicle of modern City life, the Fildes oeuvre has only one equal and that comes in the weighty form of A
The multibillionaire Warren Buffett, a folk hero of the age of affluence, once reminded disciples of his hugely successful investment techniques that ‘money can’t change how many people love you’. Avner Offer’s potent analysis of 50 years of socio-economic data makes a similar point in less folksy style: ‘Affluence breeds impatience, and impatience undermines well-being.’
‘Pushing money into offshore hedge funds is not the Labour way,’ a left-wing MP commented last week on the savings habits of Tessa Jowell’s estranged husband, David Mills. Since this issue includes an Investment section, readers may be anxious to know whether putting money into hedge funds is or is not the Spectator way. But
Every time Sir Alan Sugar fires a contestant on The Apprentice, the nation quivers in admiration; likewise whenever Sir Richard Branson launches another airborne publicity stunt. Serial entrepreneurs are accorded guru status, yet whenever Britain’s most prolific kick-starter of enterprise sticks his head above the parapet he is showered with abuse and told to get
Watching the charming remake of Lassie, I realised — stifling a sob — how easy it was to suspend my disbelief that a soulful collie could make a solo journey from the Highlands via Glasgow to a village in Yorkshire, arriving home just in time for Christmas. But I find it much harder to believe
Sir Richard Sykes of Imperial College tells Martin Vander Weyer that Britain’s world-class scientists hold the key to future economic success Approaching Imperial College through the long tunnel from South Kensington station, I recalled that the last time I met the College’s rector, Sir Richard Sykes, he was chief executive of Glaxo, the drugs group,