A WEEK IN BUSINESS
Sunday 20 August 1995
SHARES in Fisons, the drugs company, spurted 67.5p to 264.5p after Rhone- Poulenc Rorer pounced with a pounds 1.7bn hostile bid.
MDIS, the computer services group, fell 19p to 70p after appalling the stock market with a third profits warning in less than a year (see above).
Greasy pole (up)
TERRY MAHER, the outspoken entrepreneur who was ousted two years ago from Pentos, the then Dillons and Rymans group, is planning a comeback. The first branch of Maher The Bookseller is due to open in November.
Greasy pole (down)
TONY BRAK, the public affairs co-ordinator for Shell International, will take early retirement. Shell denied his departure had anything to do with the Brent Spar fiasco.
Nice little earner
JOHN Clare, chief executive of Dixons Group, got a 25 per cent pay rise to pounds 402,000. His boss, Stanley Kalms, got a 12 per cent rise to pounds 669,000.
INDIVIDUAL investors got kicked twice. The Stock Exchange said it was removing a rule that forces large flotations to offer shares to the public and Crest, the new settlement scheme, revealed high transaction fees.
"THESE figures are a disaster for the unemployed and their families. They indicate the Government's much-vaunted economic recovery is no more than a dead fat cat's bounce." - Labour spokesman Ian MacCartney after unemployment rose for the first time in two years.
COMPANY directors are being disqualified at double the pace of a year ago under a crackdown by the Insolvency Service. Some 1,400 applications are before the courts for offences such as misusing National Insurance Contributions funds.
ANGRY gardeners stormed the annual meeting of Southern Water to complain about the hosepipe ban caused by hot dry weather and the utility company's inability to stop leaks from its mains.
RANK Organisation announced plans for a pounds 2bn resort in Florida with Seagram Company's MCA film studio. To be called Universal's Islands of Adventure, it will have five themed islands, including one based on Stephen Spielberg's Jurassic Park.
Place your bets
ODDS of A level results setting a new record level of passes in 1996? Ladbrokes is quoting 4 to1 on.
- 1 Lord Sewel quits: Peer 'boasts of having sex with BBC presenter and seeing 13 mistresses'
- 2 Kenya President Uhuru Kenyatta clashes with President Obama on LGBT equality: ‘Gay rights is really a non-issue’
- 3 Topshop pulls 'ridiculously skinny' mannequins after being shamed by customer on Facebook
- 4 Five-year-old boy forced classmate to simulate oral sex at primary school, claims mother
- 5 Black and ethnic minority people twice as likely to be hit by Tory cuts than white people, report finds
Mystery over deaths of 3,000 Napoleonic soldiers in mass grave has been solved
Boris Johnson apologises after giving his wife a 'backie' on his bike on the streets of London
Black and ethnic minority people twice as likely to be hit by Tory cuts than white people, report finds
Labour leadership: New poll shows party is now even 'less electable' than under Ed Miliband
Rolling Stones guitarist Keith Richards, 71, still enjoys 'an early morning joint' for breakfast
The 9 charts that show the 'left-wing' policies of Jeremy Corbyn the public actually agrees with
Labour leadership contender Jeremy Corbyn says 'we can learn a great deal from Karl Marx'
The last thing Labour needs is a leader like Jeremy Corbyn who people want to vote for
What the Labour party could look like under Jeremy Corbyn
I am the Jeremy Corbyn supporter that many will tell you doesn't exist
Public anger after French sunbather beaten up by gang for wearing a bikini in Reims park
iJobs Money & Business
£18000 - £40000 per annum: Recruitment Genius: This fast growing Insurance Bro...
£40 - 45k (DOE) + Benefits: Guru Careers: A Research Associate / Research Anal...
£30000 - £35000 per annum + benefits : Ashdown Group: Finance Accountant - Fin...
£90000 - £98000 per annum + benefits : Ashdown Group: A truly exciting opportu...