Rivals united

THE old adage about keeping your enemies close sprang to mind on hearing the owner of Tennent's Lager had acquired a 50% stake in drinks wholesale business Wallaces Express.

These days Tennent's is run by John Gilligan but it wasn't that long ago that he spent his days going toe- to-toe with Wallaces as a director of Wm Morton.

That irony was not lost on Mr Gilligan last week when The Bottom Line rang for a chat about Tennent's latest investment.

With the licensed trade a famously friendly place to do business, there should be no awkwardness when the former rivals get round the boardroom table.

Zero tolerance

The Bottom Line overheard one employee moaning that she had reached her "moron quota for the day" while in a lift in the financial services district in Glasgow.

Checking our watch we saw it wasn't even noon.

We can only hope that she was on a half-day.

Meetings, meetings

OUR collective eyebrows were more than a little raised by a survey showing office workers waste more than a year of their lives attending unnecessary meetings.

The study, by office-broker.com, also found workers said one-quarter of all time spent in meetings could be saved.

In a world where executives prefer to opt for jargon instead of plain speaking, we wonder whether this is a conservative estimate.

What recession?

With the UK staring down the barrel of triple-dip recession, one would have thought the days of executives being flown around in private jets were nearing an end.

Not so, it seems. CTC Aviation, the airline and pilot resource company, has confirmed plans to expand its elite operations service for private jet owners. This comes after research revealed a huge increase in the number of medium and large-sized aircraft delivered to the UK, with the numbers for 2007-2011 up 70% compared with 2002-2006.

The growth is attributed by CTC to the increasing number of ultra-high net worth individuals now based in the UK.

To quote George Osborne, it's good to see "we're all in this together".

It snow joke

WHEN Land Securities scheduled March 22 for the opening of its latest Glasgow retail development, 185-221 Buchanan Street, bosses will surely not have expected snow. Spring would have sprung by then, after all.

While the chill in the air didn't stop healthy crowds turning up, one new retailer might well have missed a trick.

As the snow fell, Land executive director Richard Akers, above, quipped that Paperchase ought to have been selling Christmas cards, such was the wintry scene unfolding before him.

We think Mr Akers had a point: at that stage there were only 272 shopping days left until Christmas, after all.

The Bottom Line can be contacted at thebottomline@theherald.co.ukor twitter: @Heraldbizdiary