Shudder…

In an interview with Kay Burley the PM has just confirmed that Osborne is not going to be reshuffled. Apparently he’s “not going anywhere”. Shocker…

As for Hunt, it was more measured. His lack of clear answer would point to a move for Hunt. Dave was very evasive and pointedly refused to back the Culture Secretary. His whole department could be scrapped…

 UPDATE:

Turns out George isn’t heading for a fall, yet…

The Guidogram round-up of the week is going out shortly.

Thousands of Westminster insiders read the Guidogram, everyone from Downing Street insiders to Fleet Street never miss it. This week has seen Boris Mania sweep London, while there was a small victory in the twitter spoof case and some unpleasant reading for Wandsworth Tories. Don’t miss out.

Join the conspiracy and become a subscriber to the Guidogram, free, to keep in the loop. You’re either in front of Guido, or behind…

Read the email sent to News International staff this afternoon…

…Only on Media Guido…

This hit the inboxes of News International hacks this afternoon:

From: Technology Notifications
Sent: Thursday, August 02, 2012 3:04:45 PM
To: Technology Notifications
Subject: Internet TV: Advice and Guidance

Demand for watching Olympic coverage via the internet has reached unprecedented levels, to such an extent that News International’s internet bandwidth is frequently reaching its maximum capacity.

This impacts network and system performance for All News International staff.

In avoid this impact, whilst still keeping up-to-date with The Games, *TMS and Dublin staff can request access to IPTV.

If your request is approved by your Line Manager then the IPTV application will be deployed to your desktop allowing you to watch a full range of digital channels including Sky and BBC.

*At present IPTV is only available to staff located at the following locations: TMS and Dublin.

Requesting IPTV
Login to http://MyNIServiceDesk.co.uk and complete the IPTV (Internet TV) Request form
Use your Chatter username/password to access MyNIServiceDesk
Contact Service Desk if you do not know your Chatter username/password
Once submitted, Service Desk will gain approval from your Line Manager
On approval the IPTV application will be deployed to your desktop
Service Desk will notify you on completion, providing you with usage instructions
If you require further assistance or advice regarding the information above please contact the Service Desk.

Regards

Service Desk

Internal: ext. ██████
External: 0207 ████ ████
Email: ██████@newsint.co.uk

Guido presumes the Times, Sunday Times and Sun will stop running those Olympic work-place productivity stories then?

Mario Draghi, president of the European Central Bank, told a press conference following the meeting of the ECB Governing Council in Frankfurt this afternoon that “the euro is irreversible”. Asked by the media what he meant by that he exclaimed to much laughter “It stays, it stays, it stays. It’s pointless to bet against the euro, it’s pointless to go short on the euro.” From the beginning of the press conference to the end the € fell 200 pips against the $, so he was proved factually incorrect before he even finished speaking.

At the end of the press conference Spanish yields were back over 7%, capital flowed into German bunds as a safe haven, trading in Italian bank stocks was halted, the euro had pointedly rewarded those who were short and bet against it, costing the ECB a lot of credibility. Spain has now been told it will, like Greece, have to formally ask for a bailout on austere German terms. The can has been kicked down the road again, the end of the road however is in sight…

Trinity Mirror have released their latest profits.

Find out how they did on Media Guido…

Sly Bailey might have only been shown the door by Trinity Mirror two weeks ago but there is already reason to celebrate as the newspaper group reported a rise in profits this morning. The Mirror‘s parent company made a pre-tax profit of £35 million in the last six months, up 21% year-on-year. The improvement has been attributed to a wave of cost-cutting measures implemented by Trinity Mirror bosses over the last few months.

No longer having to pay Sly’s huge pay packet might also have something to do with it…

Click above and head over to Popbitch to play their Leveson crossword.

What better way to spend your lunchtime… 

Vladimir Putin will be Dave’s guest of honour at the judo this afternoon, and London’s Mayor couldn’t resist having his say as Boris Mania goes international. At least he didn’t challenge the PM to a duel, yet…

Video courtesy of ITV.