Vodafone’s reputation has been seriously damaged today as millions of users discover they cannot use their phones and laptops. It seems Vodafone can’t afford security guards for its data centres or decent disaster recovery despite billions in profits. This failure will hurt Vodafone commercially, as businesses across the UK review Vodafone’s position as a [...]
HSBC's global HQ is in Canary Wharf
HSBC announced its financial results today. It will probably be attacked by many, so this is a defence.
HSBC is a very different animal to the other UK banks. It is still run by bankers, rather than former McKinsey consultants like Barclays. A good friend, working [...]
What a disgrace that Khan and Tanweer were never followed up
Here’s a surveillance photograph that the UK’s secret police took of 7/7 bombers Shehzad Tanweer and Mohammad Sidque Khan in 2004. Claiming insufficient resources, MI5′s Chief of Staff, Witness G, today told the 7 July Inquests, that Tanweer and Khan could not be monitored because [...]
Figures are from Barclays Results Announcements and Annual Reports. This graph doesn’t really require much in the way of commentary, does it? It isn’t hard to see where most of the spare cash Barclays generates is going, and it certainly isn’t to the shareholders who were nearly wiped out in the financial crisis.
Since Legal & General [...]
Here’s a graph showing dividend and share price performance for Barclays shareholders normalised to 2005. Contrast this performance with the pay:income ratio at Barclays Capital, again normalised to 2005. This is not a graph you’ll find in a Barclays annual report or a Bob Diamond presentation.
As an interesting aside, when cantankerous was at business school, half [...]
The BBC has recently published a controversial article in which it quoted claims from headteachers that some families are seeking diagnoses of ADHD for their children for financial reasons. Predicatably, the article has stimulated some hysterical hyperactivity amongst middle class mumsnetters, who now fear that it the BBC is making it appear that all parents [...]
Zoe Williams writes in the Guardian that All Iain Duncan Smith’s rot about marriage disguises a tired old taboo as Duncan-Smith seeks to paint ‘cohabiting couples as an aberration.’ Well, marriage is certainly better for all concerned, particularly children but also the state, than the many income-supported south-London mothers creating their own poverty-stricken microcosms of [...]
Quite simply, if Microsoft has done this deal and retained ownership of the source code, Nokia is dead.
Thirty years ago, the OS represented a tiny fraction of the purchase price of a PC. Over the decades that have followed, hardware manufacturers have seen scant reward for their constant innovation and IBM exited [...]
Is this man in a hurry?
Stephen Elop, CEO at Nokia, is getting a great deal of press coverage over his ‘burning platform’ speech, which is reprinted below. cantankerous agrees with most of what Elop says, even if getting into bed with Microsoft rather than Google is political and loony. And lazy too, as Elop [...]
Everything Everywhere owns T-Mobile and Orange in the UK
T-Mobile’s unilateral changes to charges to consumers locked into minimum term contracts, such as doubling both 0870 call charges and many international roaming charges and particularly and most recently, dramatically reducing Fair Use Policy (FUP) mobile internet allowances, have received a great deal of publicity.
While much has [...]