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.
- 1 Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
- 2 People all over the world are getting semicolon tattoos to draw attention to mental health
- 3 Van driver who comforted Clark Carlisle and called 999 after suicide attempt dies age 24
- 4 James Blunt was special guest on the highest-rating Top Gear episode ever
- 5 The biggest first date turnoff has been revealed
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
Sickness and disability benefits could be reduced by £30 a week as part of £12bn welfare cuts
iJobs Money & Business
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...
£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...
£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...