Martin Waller: City Diary
2 for 1 at Pizza Express
Wanted: someone to hold the hand of the chairman of Crossrail.
Now the project finally has a funding package in place and with the Bill going through the House of Lords, it is starting to hire staff.
Crossrail is four independent non-executives short - the board, apart from the chairman Douglas Oakervee, are all secondees from Transport for London or elsewhere.
It also needs a grandly titled Chief of Staff to prepare for board and other meetings.
Crossrail is still a long way from sticking a spade in the ground, but it's progress. The latest date for trains to start running is 2017. And to think at one stage there was talk of getting it done by the Olympics!
Meanwhile, I hear opposition is not entirely dead at Westminster. A cabal of unnamed MPs, dismissed as “whinges on the fringes” by my man, thinks that the project takes the wrong route or is an unnecessary extravagance.
Cappucino and a book, please
Just how many books about Starbucks can the market support? AbeBooks, the excellent new and used books website, has put together a list of the ten bestsellers and reckons five have been published over the past year alone. The top bestseller is a memoir of a former ad executive who lost his job, his marriage and his health before finding salvation behind the counter. How can the Starbucks chief executive compete? Howard Schultz's authorised version languishes in fourth place.
Pint-sized price cut
Lucy Neville-Rolfe, a director of Tesco, has written to this newspaper refuting claims that her company has cut alcohol prices more aggressively than its competitors, so contributing to binge drinking. At Tesco and its rival supermarket Asda prices fell by only 1 per cent over the past year, while at Sainsbury's they increased, she says. I appreciate the difficult and ambivalent position these businesses are in, but is this the first time a grocer has boasted of cutting prices, but not by that much?
Take it or leave it
Given that the regulator has just announced an investigation into claims that the British energy market is unhealthily dominated by only a handful of suppliers, should German concern RWE, which owns npower, not rethink the slogan on the front of its latest report and accounts? “If not us, who else?”
Ex-Wall Street banker buys Greece
A Belgian baron has bought Greece for $20million (£10million).
This is, inevitably, the Greece that forms part of “The World”, Dubai's rather naff archipelago of man-made islands built in the shape of various countries rather than anything more classical.
Baron Jean van Gysel de Meise, 40, a former Wall Street banker, plans to build Dubai's first luxury boutique hotel on the 20,000 sq m island.
“I went looking for a nice, elegant little place to stay in Dubai and couldn't find anything, so I decided to build one myself,” he says.
Nakheel, the state-owned property developer, has flattened several rumours about The World. Rod Stewart has not bought Britain and Van Gysel de Meise's purchase has also scotched suggestions that Motley Crue drummer Tommy Lee bought Greece for his ex-wife Pamela Anderson.
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