Society

Axa will no longer invest in the tobacco industry: the French insurance giant will sell €184 million of shares and gradually reduce its €1.6 billion bond holdings in the sector. No surprise, given Axa’s role as a health insurer and the oft-repeated statistic that smoking kills six million people a year; indeed, you might think any health-related investor would have taken the decision years ago. Except that cigarette-makers have been stellar stock market performers since the beginning of the century: British American Tobacco’s shares have multiplied in value a dozen times while paying rich dividends, and Imperial Tobacco (now Imperial Brands) has been almost as good. MSCI’s global index of

People can be mightily protective of their Romantic poets. When I worked at the Keats Shelley House, overlooking the Spanish Steps in Rome, one of my colleagues developed a callus on her hand where the daily task of locking the museum door — emphatically — caused the key to abrade her skin. And when I last visited Keats’s grave, with a friend, in the city’s Non-Catholic Cemetery, a middle-aged Italian woman snapped at us to shut up as she muttered through a printout of ‘To Autumn’. It’s strange in a way that Keats should inspire such devotion in Rome, since he wrote no poetry in Italy and only a handful

Football, unlike cricket, has for the most part been ill served by its writers. For every Brian Glanville and Ian Hamilton (the latter having employed his critical authority to become a first-rate reader of the game), the purveyors of hackneyed analysis are legion. In recent years there has been a propensity to celebrate tactics and formation (i.e. pedantry) over poetry. Latin Americans, however, have always fared slightly better with their writers — as they do with their players — who tend not to make the distinction between literature and sports writing. Gabriel García Márquez and Mario Vargas Llosa, both Nobel laureates, took to writing about the game early on in