The FSA and I agree: the HBOS men really were the worst of the lot
Friday, 16th March 2012, 10:48amMartin Vander Weyer
Just back from Davos — and it took every bit of energy I could muster to do it justice. At every turn, there was a blizzard of choices: whether to go to another discussion about which countries will drive global growth this year, or meet up with that economics expert you slid past on the icy roads between the Congress Centre and the Belvedere hotel. More than exhausting, it’s extremely stressful.
Want to get by in Davos? Then technology is what you need. I only arrived yesterday, and have already realised how woefully short of technical nous I am. There are basic gaps in my understanding all the way: from finding the right adaptor plugs in my bedroom to adding the Davos apps to my iPad. I had to engage the assistance of both the hotel porter and my longstanding friend Lindy just to get by.
Poor Tesco. It wanted a Big Price Drop – just not in its shares. The giant grocer saw its stock price plummet 16 per cent yesterday, a £5 billion wipe-out in market value, after warning that its UK profits may fall this year. If Tesco does eventually report a decrease in earnings, that would be its first time in three decades. It would also be tangible proof that the way we are shopping is changing, perhaps irrevocably.
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