City Whispers: Jacob Rees-Mogg attacks Davos man… including his friend Lord Dominic Johnson
Speaking: Jacob Rees-Mogg
Tuesday saw the launch of Liz Truss’s group of “Popular Conservatives” – or PopCons – who aim to “excite the public” by offering an alternative to the perceived weakness of Rishi Sunak’s government.
Among those in attendance was Somerset MP and former Brexit Opportunities Minister Jacob Rees-Mogg, who proudly declared in a speech that “the era of the Davos Man is over”.
He was referring to the gathering of the financial and political elite at the World Economic Forum held in the Swiss ski resort last month.
But the PopCon man may want to take his thoughts to Lord Dominic Johnson, the investment secretary with whom he co-founded the hedge fund Somerset Capital in 2007.
His Honor spent a lot of time at this year’s Davos meeting, going so far as to say that the event provided “fantastic opportunities” to promote the UK’s technological and investment credentials.
With friends like this…
Vodafone Chairman meets German Chancellor “in a slow manner”
Vodafone CEO Margherita Della Valle was jetting around the world last week, flying to Germany for an “attractive and fruitful meeting” with Chancellor Olaf Scholz.
Germany is the largest market for the telecommunications giant, but it is struggling to boost sales and the stock price is declining.
Schulz is likely to be understanding, given that Germany itself is stuck in the slow lane, becoming the world’s worst-performing major economy last year.
Jay Huey Evans is looking for an “interesting” new role.
What’s next for Guy Huey Evans, who will leave the Standard Chartered board this year after nine years?
The all-American director seeks out a new role, she told Whispers, “but only if it’s interesting.”
Evans hasn’t been far from controversy lately. She resigned last year from the position of head of the London Metal Exchange following the repercussions of the crisis in the nickel market, which led to the cancellation of deals worth billions of pounds sterling.
Investors have criticized the 146-year-old London Metal Exchange for its handling of the issue. Evans replied? “It’s a physical market,” she explains. “It’s not as simple as bonds and stocks.”
I’m not sure the LME’s Red Arches Brigade agrees.
Good news (finally) for the “Baroness Bra”
Good news (finally) for Michelle Moon, the beleaguered lingerie queen also known as the “Braoness Baroness.”
There have been fears that a horse the peer gave to her husband Doug Barrowman as a wedding gift may not run at the Grand National due to a £75 million court order freezing their assets.
This is part of a criminal investigation into alleged PPE fraud during the pandemic, which they deny.
The full list of those frozen assets has now been made public and no mention has been made of Monbeg Genius, the whiner in question.
This means the 14-1 luxury offering can run free at Aintree for a top prize of £500,000. Giddy-up!
Contributors: Patrick Thohir, Mark Shapland
(Signs for translation) Daily Mail