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 [...]
G4S ROCKED BY OLYMPICS STAFF FIASCO July 11, 2012 WITH just over two weeks until the official Olympic opening ceremony, security firm G4S was last night forced to admit it may not be able to supply the 10,000 staff it has been contracted to deliver for the Games. In a highly embarrassing admission for the firm, which is expected to be charged a penalty [...]
Venture capitalist pledges £75m to Oxford scholarship July 11, 2012 A PROMINENT British venture capitalist and his wife yesterday pledged £75m to help low-income students pay for Oxford University tuition. Cardiff-born Michael Moritz, chairman of Silicon Valley fund Sequoia Capital, has kept up his reputation for investing in promising start-ups by contributing the first £75m to a fund that will provide up to £11,000 per [...]
Protests meet €65bn of extra austerity in Spain July 11, 2012 THOUSANDS of protesting miners clashed with police in Madrid yesterday as Prime Minister Mariano Rajoy announced a fresh round of spending cuts and tax rises, designed to shore up the government’s troubled financial position. Meanwhile the government gave more detail on its planned bank bailouts, reassuring investors that loans from the European Stability Mechanism will [...]
Supporters of capitalism must help expose blundering firms July 11, 2012 CORPORATE blunders are like buses: they arrive all at once. The latest involve G4S, which doesn’t know whether it will be able to hire enough guards for the Olympics, forcing the army to step in. The O2 mobile network suffered some outages yesterday. Britvic recalled some of its drinks. All of this follows the Libor [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 11, 2012 FINANCIAL TIMES CBI chief attacks lack of growth The head of Britain’s biggest employers’ group has strongly criticised the government for the “really disappointing” implementation of its growth plan, asking: “Where are the diggers on the ground?” John Cridland, director-general of the CBI, said members of the government appeared to be “dazzled in the headlights”, [...]
SFO bags top judge on staff July 11, 2012 A SENIOR former judge has been hired among a handful of noteworthy new recruits at the Serious Fraud Office (SFO) as the fraught watchdog attempts to reverse its recent fortunes. His Honour Judge Geoffrey Rivlin QC has signed on for a two-year role advising David Green QC, the FSO’s new director, for an annual salary [...]
Traders remain unconvinced by Fed’s QE3 talk July 11, 2012 SENIOR officials at the US Federal Reserve considered voting for more quantitative easing (QE3) last month, its minutes revealed last night, yet investors across the pond remained unimpressed. Despite a number of the Federal Open Market Committee (FOMC) appearing to lean towards expansion of its balance sheet, stocks in New York fell while the dollar [...]
Europe’s banks hit regulatory capital targets July 11, 2012 ALMOST every bank which was dangerously undercapitalised in February has now met regulatory targets, the European Banking Authority (EBA) revealed yesterday. Five months ago the EBA warned that 31 banks required €76bn (£60bn) between them to meet the nine per cent core tier one capital target. The updates from June show an aggregate increase of [...]
