The Diary has been informed that, down Ashurst-way, a new word has entered the lexicon – referring to the call feared by the firm’s corporate whippersnappers, that from private equity big-cheese Charlie Geffen.

Apparently, plans for a relaxing weekend down in Cornwall or a few Friday night drinks to forget another slavish week of due diligence have been so often upset by Charlie’s call that Appold Streeters have given it a name.