Credit crisis diary: Slow progress for Ryanair
Wednesday 07 January 2009
Ryanair is fighting hard in its battle to buy Aer Lingus, issuing a string of press releases accusing its Irish rival of all sorts of failings and general naughtiness. But the campaign is so far falling short. Yesterday it said it now owned 29.83 per cent of Aer Lingus – not bad, until you hear that, prior to launching its takeover offer, its stake was 29.82 per cent.
Woolies shareholder rues the day
"This is an unnecessary closure which could have been avoided and I am sad it has been allowed to happen," said Ardeshir Naghshineh, the biggest shareholder in Woolworths, as the retailer closed its doors for good last night. Mr Naghshineh is of course quite right. Had leading shareholders – no names, naturally – not blocked a £50m bid for the company from Iceland's chief executive, Malcolm Walker, last year, Woolworths might, as he says, still be trading.
Credit crunch slays former dragon
Even those fearsome panellists from BBC 2's Dragon's Den can't beat the recession. Library House, the data provider founded by the former dragon Doug Richards, has been forced to go into administration. "The business had been spectacularly successful," its administrator says, but was too slow to adapt to the realities of the credit crunch. Poor old Doug should have paid more attention back in the den – adapt or die is a constant refrain on the show.
Support Chelsea to save yourself a few bob
Virgin Money has come up with a new way to save money in thesedifficult times: switch your football allegiance to Chelsea, it says. No, honestly: the club's players, onaverage, have the shortest surnames in the Premier League, says Virgin – and as clubs charge by the letter,buying a replica shirt featuring your favourite player's name will cost less at Chelsea. Pity Manchester City fans now stuck with the former Chelsea star Shaun Wright-Phillips. At 15 letters, he'll cost you more than anyone else.
One for sorrow...
Magpies are renowned in bird-watching circles for their nastiness – in short, they'll kill and eat pretty much anything – and now they're stalking insurance companies too. Lloyds TSB complains it has been forced to pay out to a customerwith the bank's home insurancecover after a magpie darted through an open window and stole his spectacles.
Presents unwrapped, turkey gobbled... it's time to relax
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- 2 This letter from a reader explains why women can’t play football
- 3 'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
- 4 Scientists predict green energy revolution after incredible new graphene discoveries
- 5 Michael Buerk wishes he killed Jimmy Savile when he had the chance - by pushing him overboard a cruise ship
Black Friday 2014: Opening times for Asda, John Lewis, GAME, PC World and Argos
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Dr Lam Hoe Yeoh: Voyeur doctor jailed for eight years after using network of hidden cameras to film patients, colleagues and friends on the toilet
'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
Obama: The only people with the right to object to immigration are Native Americans
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Ukip mocked after mistaking Westminster Cathedral – for a mosque
Sarah Vine criticises lesbian mother Jack Monroe: 'If she was unsure about her sexuality, she should have taken greater precautions'
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