The perfect party - champagne and P45s

It is with unfortunate timing that the good people of Thomson Reuters have hired a yacht in Monaco to coincide with this Sunday's grand prix. Unfortunate because at the same time the newly-merged news and information giant announced hundreds of redundancies - or "transitioning out" with "dignity", according to Thomson Reuters double-speak - including 140 journalist posts which are to go by the end of the year. "It's part of our corporate hospitality and we do it every year," said a spokesman for Thomson Reuters. Steady on the champagne, chaps, or you might get transitioned overboard.