Today's letter from the Editor
The Business Matrix: Thursday 9 August 2012
Avengers reaps a record for Disney
The huge global success of the movie Avengers Assemble helped Disney to report its biggest-ever quarterly profit yesterday. Pre-tax profits hit $3.03bn (£1.94bn) in the three months to June. The film, starring Scarlett Johansson, left, Jeremy Renner, Chris Evans and Mark Ruffalo, smashed US box-office records.
Euro architect warns of exodus
One of the founding fathers of the single currency has warned some nations may have to quit the euro. Otmar Issing said: "How many countries will be part of it [the eurozone] remains to be seen." Issing added that funds could not be channelled indefinitely to nations that did not reform their economies.
Rio Tinto pins its hopes on China
Rio Tinto tried to look on the bright side yesterday when it said China's economy would soon zoom ahead again. The FTSE 100-listed miner's first-half underlying earnings fell to $5.2bn (£3.3bn) from $7.7bn a year earlier, as sales dipped by 13 per cent to $253 bn.
Aer Lingus stake blow to Ryanair
Ryanair's chief Michael O'Leary suffered a setback after his attempt to block an inquiry into his minority stake in rival Aer Lingus was thrown out. Mr O'Leary, argues the issue of Ryanair's 30 per cent stake was not in the UK Competition Commission's jurisdiction.
- 1 Exclusive: Woolwich attack suspect attended meetings of banned Islamist group - and were known by security services
- 2 'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
- 3 Grace Dent: I’m not sure how these people can avoid being called ‘bigots’. And the more ‘civilised’, the worse they are
- 4 Woolwich murder: They killed, then they performed - these men should be starved of our attention
- 5 Woolwich attack: The EDL will seek to exploit this evil crime for their own evil ends
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