Thursday, 28 June 2012

Barclays - fine or fraud?

It's hard to miss todays news stories around Barclays fixing the inter-bank lending rate (LIBOR) along with lots of other banks, for their benefit, and to our detriment.

What I don't understand is, why do the FSA issue a fine before the SFO or CPS has decided whether a fraud has been committed?  Surely, by announcing the fine and then the CEO and a few senior management folks offering to forego their bonus, they hoped it would all get swept under the carpet and no-one (other than the shareholders who pay the fine) would lose out.

This, once again, seems like the government and the banks working in cahoots to try and get away with ripping you and I off.  How can this be allowed to happen, if the FSA is there to spot it and stop it?  Or is the FSA manned by ex bank executives?

How apt then, this cunning effort found on the web, and clearly what Photoshop was intended for ;-)

Justice, or profit?

Thursday, 21 June 2012

Lids on ready meals - the test

This one is a mix of frustration and amusement ;-)

Have you ever ripped open a ready meal, and the packaging shreds itself into your dinner?  Are the bits of plastic in your tagliatelle tasty?  I chose Waitrose as I figured if the top notch on quality can't get it right, the lower ranks in the supermarket wars have no chance.  Do you know different?  Can you recommend any tempting tasty dishes that won't drive me potty with amazement?  It makes me wonder - do those who buy this packaging not visit a store, try it themselves, and then think 'this is stupid, we must be able to do better than this'?!

Useless - that's my verdict!  What do you think?  Comments below!

Friday, 15 June 2012

Shocking statistics...

I stumbled across this pie chart on the web this week, and it made me raise an eyebrow.  Certainly not what the media tells us is happening...

Friday, 8 June 2012

Friday funnies...

It's been quiet in the SRMO HQ after the long bank holiday, so here are a few funnies to finish the week off with.  Purile?  Maybe.  Amusing?  Yes.

Spock swears...

Are we having a summer this year?!

Wouldn't donating it to charity be better than 'destroying' it?!

Topical stuff, this!

Friday, 1 June 2012

£100 profit per mile. Every little helps...

Something a good friend spotted and suggested for the blog, and so I thought I'd look into it - Tesco's selling petrol at rates they can get away with, rather than at a fair profit.  How often do we hear Tesco's telling us they're doing all they can to keep fuel prices low?  It's all boll***s!

This is a simple maths one, this.  The first pic is the price of fuel at the Tesco's store in central Reading, Berkshire.  The second pic is a different Tesco's store, this time in Warfield, a somewhat wealthier area than the first, half an hour later.  It's clear to see that in Warfield, people buying fuel are paying 4p per litre more than those in Reading.
Not sure why petrol isn't visible, but diesel gives you the clue!  This is Reading...
And here's Warfield - a full 4p more per litre
Here comes the science!  A fuel tanker holds about 30,000 litres, so if we add up all the 4p's, that's an additional £1,200 profit Tesco's make from their Warfield customers per tanker.  Let's be generous, and for arguments sake let's take £200 off for the drivers time and fuel to travel the additional 10 miles from one to the other.  That means the tanker earns an additional £100 profit per mile when travelling that extra 10 miles.

I gave Tesco's customer service a call to ask them about it, and here's what Jess came back with - even agreeing with me, brilliant!!  Of course, the reply from the 'unable to communicate with the public' pricing team will be posted here!  It must be odd in their team meetings, if no-one can communicate....