Business Diary: A smooth warning system
Saturday 03 December 2011
Never mind bond yields or CDS spreads: we've found a new early-warning signal for forthcoming financial or economic stresses – the sales achieved by fruit smoothies.
"Smoothie sales were like the canary in the mine for the state of the economy," Richard Reed, one of the founders of Innocent tells the latest issue of Director magazine, as he recalls the company's tough time during the recession. And by the way, says Reed, the move to sell a stake in the company to Coca-Cola was one of the best moves that it ever made.
Pass the port but watch what you say
Look out for the first advertising campaign in many years from Cockburn's this Christmas with the catchline "Pronounce Responsibly". We like a lewd joke here almost as much as a tipple of port, and the ad campaign, which is intended to serve as a throwback to similar promotions in the Seventies and Eighties, will certainly be admired by sentimentalists.
Economic titans (and Lamont)
We are very much looking forward to next week's debate at the Economic Research Council, at whichleading lights in the economics world are set to clash over their predictions for 2012. Featuring academics from Oxford and Cambridge universities, as well as the London School of Economics, the organisers of the bash are billing the debate as a "Clash of the Titans". Oh, and they've got former Chancellor of the Exchequer Lord Lamont too.
Euro party may be premature
The European Central Bank has made its debut on YouTube, with a film to mark the 10th anniversary next month of the first issuance of euro banknotes. It's a self-congratulatory piece full of happy and prosperous looking eurozone residents. See it for yourself by searching "First 10 years of euro banknotes and coins", but cross your fingers that we make it that far.
- 1 Crystal meth addict 'gouged out his eyes and ate them' while high on drug, Australian MP claims
- 2 Saudi Arabia 'seeking to head United Nations Human Rights Council'
- 3 Irish people are travelling home from all over the world so they can vote to legalise gay marriage
- 4 Witch doctor arrested after forcing newborn baby to walk in Indian village
- 5 Arsenal fan asks the Queen for tickets to the FA Cup final - gets a reply from Buckingham Palace
Ireland's same-sex marriage vote: Dublin in party mood ahead of historic poll result
Saudi Arabia 'seeking to head United Nations Human Rights Council'
Toddler throws a tantrum at the White House – in front of Barack Obama
Irish people are travelling home from all over the world so they can vote to legalise gay marriage
Witch doctor arrested after forcing newborn baby to walk in Indian village
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
Report finds that Britain's wages are the most unequal in Europe
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
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