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.
Sales of the tablet are set to fall again, say analysts
Met Police confirm there was a 'minor disturbance' and that no-one was arrested
George Lucas criticises the major Hollywood film studios
Does Chris Grayling realise what a vague concept he is dealing with?
Trend which requires crisps, a fork and a strong stomach is sweeping Mexico's streets
Parties threaten resort's image as a family destination
I Am Bread could actually be a challenging and nuanced title
- 1 Indian footballer Peter Biaksangzuala dies after injuring spine doing somersault celebration
- 2 Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
- 3 Banksy arrest hoax: Internet duped by fake report claiming that the street artist's identity has been revealed
- 4 Drink alcohol and eat meat to improve male fertility - but cut down on coffee, studies suggest
- 5 Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
Banksy arrest hoax: Internet duped by fake report claiming that the street artist's identity has been revealed
'Russian submarine spotted' by Swedish military off coast of Stockholm
Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver allegedly kicks gay couple off for kissing
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'
Lord Freud: Tory welfare minister apologises after saying disabled people are 'not worth’ the minimum wage
iJobs Money & Business
£18 - 23k + Benefits: Guru Careers: We are seeking a Customer Service Executiv...
£60 - 65k + Benefits: Guru Careers: We are seeking a ASP.NET Web Developer / ....
£60,000 - £80,000: Saxton Leigh: Our client is an leading Asset Manager based...
£27000 - £32000 Per Annum: Clearwater People Solutions Ltd: Our large charity ...