Martin Vander Weyer

There’s always another disaster waiting to happen – so keep your eye on ETFs If we learned anything from the recent financial crisis, it is that when a thing looks too good to be true, it is. If a sector is attracting frenzied investor attention and pundits say spectacular growth must continue, it is surely heading

Another rail report chugs past like an empty freight train bound for the sidings Sir Roy McNulty’s report on the state of Britain’s railways chugged by last week like one of those unmarked freight trains that sometimes pass through stations. ‘Stand well back from the platform,’ says the announcer, making us wonder whether the wagons

Another tale of the Great Seducer and my tip for the woman to succeed him When I was young I knew a man whose opening gambit with any pretty girl was, ‘Hello, shall we go straight to bed?’ He reckoned one in 20 said yes, so if he asked the question 20 times a day,

The latest mis-selling scandal is one more symptom of a deeper problem The payment protection insurance (PPI) scandal is, by common consensus, the worst case of financial mis-selling until the next one. These policies were foisted by banks on personal borrowers, supposedly to cover repayments if they fell ill or lost their jobs or encountered

Warren Buffett isn’t always right – but he’s a $47 billion advertisement for optimism The legendary investor Warren Buffett has taken more flak than seems necessary for his lapse of judgment over his former lieutenant David Sokol, who bought shares in a company called Lubrizol before recommending it to Buffett as an acquisition for the

Glencore’s partners are not offering equityto you and me out of a sense of charity We’re all going to be investors in Glencore, whether we like it or not. If the flotation of this giant commodity and mining group goes ahead next month at the valuation currently indicated, it will leap straight into the upper

Vickers’s half-time score: not half as badas bankers feared or bashers hoped ‘Not half as bad as it might have been,’ was the reaction of the first banker I spoke to on Monday about the interim report of Sir John Vickers’s Independent Commission on Banking. ‘And forcing Lloyds to sell off a few more branches

Sunny spells, icy showers and an inflationary wind blowing from America Daffodils everywhere and the FTSE is back around 6,000. Builders are busy after the frozen winter, it’s ‘business as usual’ again in financial services, and although manufacturing lost momentum in March — exports remained strong, but nervous consumers depressed domestic demand — industry is

Farewell to a charismatic old bruiser who never threw in the towel George Walker, the former boxer, gangster’s minder and ‘leisure tycoon’ who died last week, was a persuader — both in the sense that he could be, as he once told me, ‘a bit rough with people’, and in the sense that if he

Next, Osborne should tackle the plague of charity shops depressing our high streets The dramatic form of the modern, Brownian Budget speech requires a headline-grabber at the end to deflect commentators from analysis of the statistical soup and re-announced tax-tinkering that went before. But the politics of being ‘all in it together’ means that the rabbit

Stoical and fatalistic, the Japanesenational character will rise to the challenge When I was a banker in Tokyo in the mid 1980s, it was my occasional pleasant task to tour the provinces visiting local banks which kept sterling accounts in London. I had nothing to sell, but my colleagues and I carried bags full of

Has Mervyn lost touch with reality? No, but the City has lost its moral compass Mervyn King’s interview with Charles Moore in the Daily Telegraph, in which the governor of the Bank of England accused the financial sector of exploiting gullible customers, gambling with other people’s money, lacking a moral compass, paying themselves excessively and

Freezing tyrants’ assets is easy, but how much will we send back to Tripoli? ‘Queen freezes Gaddafi family assets’ says a headline. That’ll teach the unhinged Libyan dictator to compare himself to our blessed monarch, as he did in one of his recent rants. But for all the spin about an emergency Privy Council meeting

More women in the boardroom? Never mind the equality, watch the performance Successful businesswomen may scoff at the proposal of quotas for women in boardrooms — and many men will dismiss it as Euro-correctness gone mad (see Matthew Lynn, page 17). But I suggest that anyone who hopes to collect a private pension should welcome

Another reason to cut bankers’ pay: the softer the product, the easier the job Is it harder to run a country or a global company? Variations of this dinner- party gambit cropped up wherever I went last week, offering a way of drawing together half a dozen business stories and political arguments. So here’s this

Which would you rather save – your local library or a County Hall paper-pusher? What a curious double life I lead. Half the week I’m your disembodied commentator from the world of high finance — my anonymity protected, as I truffle for City gossip, by a portrait drawing that (I’m told) doesn’t look like me

Privatising forests must be a sensible policy if so many celebs are against it The more passionate the outcry against the government’s plan to privatise its English forestry estate, the more I feel the urge to cash in my meagre investments and bid for one of the forests in question myself. For a start, any

Interim findings from my Really Independent Commission on banking reform The Warden of All Souls, Sir John Vickers, has revealed the outlines of what he thinks about banking reform, so perhaps the Warden of Any Other Business — that’s me — should do likewise. Vickers, a former Bank of England economist, is chairman of the

Rising petrol prices and the death of Nigel increase my sense of foreboding I returned from a New Year expedition to the Dordogne laden with wine, walnuts and a deep sense of foreboding — not provoked by the mood of rural France, which felt unchangingly placid, but by what I’ve been reading and hearing about