With commodity prices sky-high at the moment, food and consumer companies have been feeling the pinch. Rather than let it hit their profits any harder, they've instead started poaching talent from trading houses to help them hedge their commodities exposure in a volatile market. One problem is that commodities traders are currently hot property and in short supply, so firms have started pinching staff from each other as well. (Financial Times)
Which banks is it safe to let fail? (Bloomberg)
Pym takes the reins at B&B after woeful rights issue. (The Times)
How low will Lehman go with its latest quarterly report? (Reuters)
The benefits of being boutique... (Financial News)
...and the pitfalls of being a big player.
Credit Suisse takes on team to tap the pink pound. (Telegraph)
Icap's Spencer keeps cool over possible rival merger. (The Times)
Close Brothers trims MD headcount in corporate finance.
Storm blows commodities prices up a notch. (Guardian)
Journos behind the curve reporting on the economy...but it's not their fault. (AP)