Pembroke: Freezing debut
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Your support makes all the difference.The Bank of England's new deputy governor, the former Economist editor Rupert Pennant Rea, made one of his first official decisions yesterday. Not that he would have lost any sleep over it.
In line with the UN Security Council's financial sanctions against the Haitian government, which start today, the Bank has frozen assets in UK banks belonging to 'persons or bodies who exercise public functions in Haiti' unless the Bank gives permission. The Bank believes the value of such assets is 'relatively small'. Possibly non-existent, in fact. But better safe than sorry.
A touch of spice to the entry of Gulu Lalvani, the wealthy Binatone chairman, into the Sugar vs Venables battle for Tottenham Hotspur.
Though the two are old mates - Mr Lalvani lent Mr Sugar pounds 500 in the 1960s to get him started - they had a falling out earlier this year when Mr Lalvani recruited Bob Watkins, Mr Sugar's right- hand man at Amstrad, to join him as group managing director at Binatone.
If you wondered why you were having trouble getting hold of top chairmen and chief executives yesterday, here's why. They were probably at the 'Seeing is Believing' seminar run by Business in the Community at St James's Palace, where the charity's president, the Prince of Wales, was in attendance.
The seminar, where participants are invited to submit a report on progress thus far, attracted a stellar group of businessmen including Robert Ayling, group managing director of British Airways, Sir Christopher Bland, chairman of LWT, and Nick Temple, chief executive of IBM.
But it was hardly the usual roll-call of the philanthropic and charitable. For example, it was surprising to see Sir Alastair Morton of Eurotunnel and Martin Sorrell of WPP.
Lady Oppenheim-Barnes, mother of Amber Valley MP Philip Oppenheim, quietly took her leave yesterday of the board of Boots, where she has been a non-executive director since 1982. The former minister for consumer affairs will retain her other directorships, at HFC Bank and Fleming High Income Investment Trust and perhaps find a little more time to spend on her 32ft boat, the winsomely-named Lady Sally. But given the uproarious scenes at yesterday's annual general meeting, with animal rights protesters et al, she is probably quite glad to see the back of Boots.
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