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 Saudi Arabia mosque bombing: Two volunteer security guards hailed as heroes for stopping Isis suicide bomber reaching worshippers
- 2 Maisie Williams has an excellent message for one confused fan
- 3 Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
- 4 Tampon tax scrapped in Canada after petition convinces conservative government
- 5 Kate Moss on the naked Calvin Klein shoot and the obsession that ended her relationship
Saudi Arabia mosque bombing: Two volunteer security guards hailed as heroes for stopping Isis suicide bomber reaching worshippers
Maisie Williams has an excellent message for one confused fan
Archaeologists discover 2,400-year-old gold bongs in Russia
Tampon tax scrapped in Canada after petition convinces conservative government
Migrants in Kos: Photos show real tragedy after British tourists complain of 'awkward' holidays
EU referendum: David Cameron's rules are a 'democratic disgrace', says French-born Scottish politician set to be denied a vote
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
A nation of inequality: How the UK is failing to feed its most vulnerable people
Australian man punched in the face for defending Muslim women from abuse on train
EU referendum: David Cameron to deny EU migrants and under-18s the chance to vote
David Starkey 'tells Amal Clooney to shut up and stop over-promoting human rights'
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