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The Business Matrix: Saturday 29 June 2013
Air Traffic head pockets £720,000
The head of Britain's air traffic control took home £720,000 last year, including a £303,000 bonus for the Olympics. Yet that was actually a pay cut for Richard Deakin, the chief executive of National Air Traffic Services, who pocketed £736,000 the year before. Nats is owned by the Government and seven airlines.
Ogston walks away from CPP
The founder and majority shareholder of the troubled credit card insurer CPP has stepped down from the board and scrapped his attempt to buy the firm. Hamish Ogstonoffered to buy the company in March for £1.7m soon after it had been hit with a £60m bill for mis-selling, but talks broke down.
Unexpected loss for BlackBerry
The Canadian phone-maker BlackBerry dashed hopes of a turnaround by posting an unexpected £55m loss yesterday despite launching a range of new products to take on rivals such as Apple and Samsung. Analysts had been anticipating a profit.
Service sector boost for growth
The service sector, which accounts for more than three quarters of the economy and ranging from hotels and restaurants to finance and IT, grew 0.2 per cent in April. This picked up the pace from the previous month, pushing year-on-year growth to 2 per cent.
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- 2 Game of Thrones season 6: Jon Snow theorists believe the Stark may have a twin sister
- 3 Artist takes LSD, draws herself over different stages of the 9-hour trip to show its effects
- 4 A pint of water every day is the key to losing weight, scientists say
- 5 Russia 'accidentally reveals' number of its soldiers killed in eastern Ukraine