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 Liam Gallagher brands Kanye West 'utter s**t' during BRIT Awards performance
- 2 Isis burns thousands of books and rare manuscripts from Mosul's libraries
- 3 People who sleep more than eight hours are more likely to have a stroke, research shows
- 4 Kanye West climbs on table at Nando's to crowd chants of 'Yeezus' before Brit Awards 2015 performance of 'All Day'
- 5 Muslim women's rights campaigner writes heartfelt letter to girls thinking of joining Isis
Ukraine crisis: Putin will cut gas to Europe unless Russia is paid by the end of the week
Liam Gallagher brands Kanye West 'utter s**t' during BRIT Awards performance
Isis burns thousands of books and rare manuscripts from Mosul's libraries
Missing Mexico teachers: Protests organised by union quashed in violent police crackdown
Mohammed Emwazi: Nine things we now know about man named as Isis militant 'Jihadi John'
Oscars 2015: Birdman beats Boyhood as Eddie Redmayne and Patricia Arquette win big - as it happened
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East
Ukraine crisis: 'One miscalculation, and Britain faces an existential threat to our whole being...'
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