Scottish Daily Mail

The dastardly Mr Deedes

- Have you any gossip for our City diary? Email: mrdeedes@dailymail.co.uk

Serpentine ex-business secretary Lord Mandelson is named president of the German-British Forum, an elite networking organisati­on for pro-EU business types. His Lordship enjoys a string of these loftysound­ing posts. He’s president of the Great Britain China Centre, High Steward of Kingston-upon-Hull and Chancellor of Manchester Metropolit­an University. That’s on top of his remunerate­d roles as adviser to Lazard and running his modestly-named consultanc­y firm, Global Counsel. Busy little fellow, isn’t he? After the collapse of the London Stock Exchange’s £21bn merger with Deutsche Boerse, what now for touchy LSE boss Xavier Rolet? He was due to retire from his £6.6m-a-year role after the deal. A political career back in France was mooted, but the surprise emergence of Emmanuel Macron as presidenti­al favourite may complicate matters. While economics minister, Monsieur Macron was openly hostile towards Rolet’s LSE deal, reckoning it would thwart Paris’s ambitions as a financial centre. The opportunit­y for ‘lunch and advice’ with bijou TalkTalk boss Dido Harding fetches £120 in a fundraisin­g auction for the Countrysid­e Alliance. A rather modest sum. It’s possible Dido’s business counsel has depreciate­d in value somewhat since announcing plans to quit the troubled telecoms firm in May. Too much informatio­n, perhaps, from insurer Hiscox’s imposing, South African-born chief executive Bronek Masojada, who muses: ‘I lie in my bath at night and think that one day the London Market business will reprice.’ Odd chap, Bronek, 54. He once took his wife and five children on a family holiday to North Korea as a special treat. Sunday night’s Oscar fiasco is yet another feather in the cap for accountant PwC, which is held responsibl­e for the cock-up. Previous black marks include its auditing of now defunct BHS and failed lender Northern Rock. It also failed to spot a multi-million pound black hole in Tesco’s accounts two years ago. The firm’s recent chairman, mild-mannered Ian Powell, 60, still managed to snatch a knighthood in the New Year’s Honours list.

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