RAPID RESPONSES July 12, 2012 Firm interference [Re: Supporters of capitalism must help expose blundering firms, yesterday] When you compare corporate wrong-doing with the malfeasance committed by governments, corporate culpability is much smaller than the government’s. Would banks or other financial institutions offer fraudulent schemes if governments did not encourage them to? The problem can be traced to a fundamental [...]
Hip, hip, odrome! July 12, 2012 LEICESTER Square, 1900. Inside the newly opened Hippodrome, polar bears and elephants parade about and a troop of acrobatic dwarves dive from the Gods into a tank – across the room, Harry Houdini is performing some of his most spectacular acts. At its peak, the Hippodrome, built by Victorian theatre architect extraordinaire Frank Matcham, was [...]
Proms to kick off with an all-English menu July 12, 2012 The Proms start today, and so begins London’s most impressive yearly cultural festival. Naturally, rather than be eclipsed by that other London event this year, something to do with sport, the Proms has joined forces with it, forming a key part of the the London 2012 Festival. Opening night of the Olympics, then, will be [...]
Don’t stop your boozing to eat July 12, 2012 London’s restaurant scene has continued to blossom recently – and luckily for those who favour the liquid diet, most of them come complete with adjoining bars. The first and latest of such venues is the Zédel Brasserie, Bar & Cabaret, opened by the partners responsible for destination dining like The Wolseley. Alongside the Parisian brasserie, [...]
FILM | SEEKING A FRIEND FOR THE END OF THE WORLD July 12, 2012 Cert 15 | By Steve Dinneen * Seeking a Friend For the End of the World is terrible name for a movie. In the event, it acts as a handy indication of what you’re going to have to endure. In content, if not tone, it’s pretty close to Lars Von Trier’s Melancholia – a film [...]
Boeing receives £9.5bn order from United Airlines July 12, 2012 Boeing has said that United Airlines ordered 150 Boeing 737s, in a deal worth up to $14.7bn (£9.5bn). The order includes 100 of the new Boeing 737 Max 9 planes and 50 Boeing 737-900ER aircraft.
UK long term budget unviable says OBR July 12, 2012 Britain’s long-run fiscal outlook over the next 50 years remains “clearly unsustainable”, despite the government making some progress in reducing current borrowing and public-sector pension commitments, an official watchdog. The Office for Budget Responsibility (OBR) said it expected public sector net debt to fall from 74 per cent of GDP in 2016-17 to a trough [...]
Carrefour sales dented by Eurozone woes July 12, 2012 Europe’s biggest retailer, Carrefour, said second-quarter like-for-like sales dropped 1.3 percent, dragged down by falling demand in austerity-hit Italy and Spain and sluggish French hypermarket revenue. The sales report highlights the size of the challenge facing new Chief Executive Georges Plassat, who took over in May with a brief to reverse years of underperformance in [...]
SuperGroup profit falls July 12, 2012 SuperGroup, the company behind the Superdry fashion label, posted a 15 per cent fall in 2011-12 underlying profit, reflecting a year when it lurched from one crisis to another. “Despite the backdrop, the Superdry brand remains strong and I am encouraged by the potential for our 2013 ranges,” Chief Executive Julian Dunkerton said. The firm, [...]
Eurozone factory output edges up in May July 12, 2012 Output at euro zone factories grew in May, but not enough to make up for falls earlier in the year as production in France and the Netherlands sank, the latest sign that the euro zone debt crisis is also eating away at northern European economies. Industrial production in the 17 countries sharing the euro rose [...]
