Network Rail are currently sitting on more than £30 billion of debt. They are also, not that anyone needs reminding, not meeting their punctuality targets.

 In today’s world, health and wellbeing are more important than ever, with obesity in particular being one of the greatest public health challenges of the 21st century.  Societies and Governments across the globe are seeking to facilitate a healthier lifestyle and big companies are starting to listen.

Last night Real Madrid crashed out of the Champion's League after an aggregate loss to German side Borussia Dortmund. A huge blow to its ambitions, Real Madrid will have to wait at least another year to win the elusive 10th European crown it so desperately craves. At the centre of the drama was Madrid’s manager, Jose Mourinho, the self appointed ‘Special One’ who has seen Madrid lose in the semi-finals of the competition for the third successive season.

Michael Skapinker’s ‘Business and Society’ column in the FT recently provided valuable examples of how, in a crisis, media pundits and commentators churn out initial explanations that are almost always wrong. When something dreadful happens, he notes, we naturally try to make sense of it by constructing a back story we can understand. As Michael puts it, “We rely on what has happened before, on frameworks with which we are familiar. Or we look at recent reported problems and assume that they must be the cause…”

Britain’s largest retailer Tesco has recently confirmed that it will cut its losses with its ‘Fresh & Easy’ branch of stores in the United States by exiting the market, a move that will hit them hard in form of a £1bn write off...