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Simon English

Senior City Correspondent

Evening Standard

The overuse of the self-important embargo

 

Yesterday a semi-interesting press release plopped into the inbox. We were scratching around a bit at the time, especially for diary stories, and it was just about interesting/funny enough to make the cut.

 

We’d have run it.

But wait, there was the (almost inevitable) midnight embargo. Newspapers are such Deeply Moral institutions that we honour these things in pretty much all circumstances. 

 

So we didn’t use it. And none of the morning papers ran the story.

 

The same release plopped back into the inbox today, informing us that the embargo had been lifted and with a slightly desperate sounding plea to please let them know if there was any chance of us running it.

 

No, is the answer.

 

PR firms, doubtless with the stubborn insistence of clients, love embargoes. They seem to imagine the entire media will seize on their brilliant work, giving them blanket coverage. In truth, this hardly ever happens, unless it’s a truly explosive political or business announcement.

 

Otherwise, you’re surely better off scoring one goal than missing a hundred.

 
BusToday_Bnr_Questions
business-desks

1) Is RBS paying a special dividend? Can it really afford it? How bad are the impairments on loans that have gone bad?

 

2) Does the public approve of plans to re-privatise RBS or not?


3) Just how bad are the January retail numbers? What’s the case for optimism? Does Mike Ashley actually enjoy it when other stores struggle?

 

4) What are the odds of Patisserie Valerie still existing in a year’s time?

 

5) What’s the best excuse we’ve got for running some London Fashion Week pics in the business pages?

 
BusToday_Bnr_PRDay_v3

Intriguing one here from Bank Reclaims, a new division of law firm M1 Legal. The coming scandal for banks – non-cancellable loan contracts – is going to make the PPI scandal “look like pocket change”, we are informed

 

Banks have paid out an astonishing £71 billion in mis-selling compensation in the last decade, the release tells us. It could be a bit clearer about exactly what non-cancellable loan contracts are. Still, eye-catching.

 

See Press Release

 
BusToday_Bnr_Stories-1

1) Airbus scraps A380 superjumbo. BBC

2) “Grave concerns” over how Google treats staff. Business Insider

3) Germany barely avoids recession. AP

4) Investors want Deutsche to cut back investment banking. FT

5) RBS one of eight banks in euro bond trading cartel. Reuters

6) Levi’s plans stock market comeback. Sky News

 
800mpw

Estimated cost of Brexit so far - two buses worth.

 
BusToday_Bnr_Tweet_v3
Tweet of the day 14.02.19

Read Tweet

 
BusToday_Bnr_Results-1

Finals, Interims

RBS, Segro

 

Economics

UK retail sales January. US Michigan consumer confidence February

 

London Fashion Week starts

 
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Roxhill Media is the next generation media database. Covering over 2000 topics, Roxhill enables PRs to effectively target journalists and news outlets around the world.

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Signal Media uses artificial intelligence to help PR professionals accurately monitor the world's media in real time, turning information into knowledge.

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