Business Diary: Ascot welcome for Derby saviour
Saturday 18 June 2011
Things were looking decidedly ropey for the Derby when the mobile phone giant Vodafone ended its backing of the great horserace a few years back leaving the organisers scratching their heads over a new sponsor.
So much so that the Queen is understood to have told Investec boss Bernard Kantor that he had saved the Derby when the South African bank decided to step in to back the meeting. Kantor got his reward yesterday when he entered Ascot in a horse-drawn carriage having been invited to join the Royal procession.
Google's take on 'The Guardian'
Someone at Google has a sense of humour. As The Independent reported yesterday, Guardian News & Media is about to make job cuts as it moves from prioritising its print newspapers to a greater emphasis on digital publishing. Google's news digest service concluded it was an interesting story too, collating 27 reports on the job losses. But strangely, the top three entries were links to the part of The Guardian's website that covers recruitment matters, including details of how to apply for work experience.
High fuel prices crack Autoglass
There is good news and bad from Autoglass, the windscreen repair company. One effect of inexorably rising fuel prices, it says, is that people have been driving much more slowly and cautiously – that, of course, means our roads are just a little bit safer, for which we should all give thanks. On the downside, the company points out that this trend has meant there have been considerably fewer damaged windscreens for it to repair. As a result, it laid off 400 staff yesterday. For their sake, try not to slow down too much.
Europe's Lehman is a little way off
So is Greece really Europe's Lehman Brothers, as some folk were suggesting yesterday? Well, its sovereign debt crisis shows no sign of going away, and as the country lumbers ever closer to default, there is real fear about the knock-on effects of a total collapse. Still, if Greece really does go down, the problems, in itself, would be manageable. It's more like Europe's Bear Stearns. Now Spain, on the other hand, really would be a disaster – we're not at Lehman yet.
- 1 Vladimir Putin says Russia will fight for the right of Palestinians to their own state
- 2 Ohio Democrat Teresa Fedor speaks out during abortion debate to reveal she has been raped – and is interrupted by laughter from Republicans
- 3 Germanwings plane crash: I have depression. That doesn't make me a psychopath
- 4 The West has it totally wrong on Lee Kuan Yew
- 5 The Gaza fisherman who built his own reef - and was shot dead there by an Israeli gunboat
Vladimir Putin says Russia will fight for the right of Palestinians to their own state
Ohio Democrat Teresa Fedor speaks out during abortion debate to reveal she has been raped – and is interrupted by laughter from Republicans
Germanwings plane crash: Investigators may have already found remains of suspected killer co-pilot Andreas Lubitz
Children take eight Isis captives to be beheaded in latest propaganda video
The battle for the Middle East's future begins in Yemen as Saudi Arabia jumps into the abyss
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
Street preacher quoting from the Bible fined for calling homosexuality an 'abomination'
The West has it totally wrong on Lee Kuan Yew
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