A WEEK IN BUSINESS
Sunday 27 August 1995
LONDON Clubs, the casino operator, climbed 22.5p to 425p, more than double its flotation price, after rumours of a looming takeover bid from Ladbroke and reports that the world's biggest casino gambler, Australian tycoon Kerry Packer, had dropped pounds 20m at the tables recently.
AIRTOURS, the package holiday company, saw its shares languishing at 358p, down 21p on the week, due to a glut in the market. With Britons enjoying the hot summer at home, the industry has racked up 1 million unsold packages.
Greasy pole (up)
BARRY DALE, the ex-chief executive of Littlewoods who was sacked last March by the ruling Moores family, emerged at the head of a consortium offering around pounds 1.1bn for the shops and pools group.
Greasy pole (down)
HANS RAUSING, the elder of the two brothers whose Tetra Pak business created the richest family in Britain, announced plans to retire. Brother Gad will take over.
Nice little earner
ARCHIE NORMAN, the chief of supermarket chain Asda, packed extra share options worth pounds 250,000 into his trolley, bringing the value of his total option package to more than pounds 5.5m.
FRESH doubts were raised about the entire process of rail privatisation after the Government was forced to shelve plans to franchise the flagship West Coast service.
"A BOLD, brave and utterly charming latter-day buccaneer" - Lord Hanson on his business partner Lord White, who died on Thursday after a long illness. He was 72.
CHEMICALS giant ICI was fined $10m in a US court for rigging prices in the American explosives market. The fine is the largest for a single defendant in a criminal anti-trust case.
MICROSOFT'S much-hyped Windows 95 operating software package finally arrived in the shops. Pirated versions have been on sale in Moscow for six months.
AFTER resisting Southern Electric International, South West Electricity Board finally said investors should accept the US utility's pounds 1.1bn bid. Sweb bosses will pocket pounds 1m.
Place your bets
Rain to fall on the London Weather Centre tomorrow? Ladbrokes is quoting four to seven.
WH Smith axed 1,000 jobs from its core chain while reporting its first profits decline for 20 years.
Sales of the tablet are set to fall again say analysts
World's most lethal spider found under a bunch of bananas
British supermodel and hitmaker join forces to launch a 'huge song'
The Duke and Duchess of Cambridge announce they are set to welcome second child in spring
I Am Bread could actually a challenging and nuanced title
- 1 Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
- 2 Ebola outbreak: What is bushmeat – and is it to blame for the disease that has killed thousands?
- 3 Star Wars memorabilia called a 'bit of plastic' on Antiques Roadshow by Fiona Bruce valued at £50,000
- 4 Meet Thea, Norway's 12-year-old child bride
- 5 Russell Brand might seem like a sexy revolutionary worth getting behind, but he will only fail his fans
Kobani: Fifteen-year-old boy taken captive with suspected jihadist 'shot in the head by militant group' fighting against Isis
Ebola outbreak: What is bushmeat – and is it to blame for the disease that has killed thousands?
Isis fighters 'crucify' 17-year-old boy in Syria
Oscar Pistorius sentencing: Olympic star must serve 10 years, prosecutor urges
Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Sorry Judy Finnigan – Ched Evans is no less sickening than an alleyway rapist
Residents should throw a street party and mix with immigrant neighbours, councils told
Workers 'could be forced to pay £5 a week' to get benefits
Russell Brand threatened with arrest after filming outside Fox News headquarters
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'
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