A WEEK IN BUSINESS

Top of the form

The bidding frenzy for electricity firms continued last week, driving Norweb up 122p to 1,008p on a bid from North West Water. The 1,022p cash and shares bid was rejected by Norweb's management.

Tail-ender

Eurodollar, the car rental company, skidded down 54p to close the week at 148p after it issued a profits warning.

Greasy pole (up)

Rover got a new boss with the appointment of Wolfgang Reitzle as its new chairman. Mr Reitzle was head of research and development at BMW, Rover's owner. He replaces BMW chief executive Bernd Pischetsrieder on the UK motor company's board.

Greasy pole (down)

National Express lost a second former executive of West Midlands Travel when Brian Kerslake stepped down from his post in charge of acquisitions. The chairman, Don Colston, resigned due to ill health last month.

Nice little earner

Sam Chisholm, chief executive of the satellite broadcaster BSkyB, was paid pounds 4.7m last year, it was revealed in company documents.

Bum deal

Labour accused the Government of privatising the Port of Tilbury too cheaply three years ago after it was sold for four times as much.

U-turn

A plan by Sharelink and Electronic Share Information to let Internet users deal in London shares was disconnected by the Stock Exchange before its launch.

Sound bite

"I love to do deals. I walk around on a plane to see if there's anyone that I can do business with," - Lew Grade, 88, in Business Age.

Under attack

Action groups representing Lloyd's Names demanded the insurance market raise its compensation offer from pounds 2.8bn to pounds 3.5bn if it wants to avoid litigation.

Jobs lost

Glaxo Wellcome made 1,700 redundant in the UK. Eastern Electricity announced 400 job cuts, GEC 415 at the Yarrow shipyard and British Steel 520 at Wednesfield near Wolverhampton.

Jobs gained

Fujitsu, the Japanese electronics group, announced 500 new jobs in Newton Aycliffe, County Durham, as a result of an pounds 816m expansion of its semi- conductor plant there.

Product launch

French company Read has begun production of easy-open ring tabs for oyster cans and expects to sell 50 million in its home market this winter.

Start your day with The Independent, sign up for daily news emails
News
i100 In this video, the late actor Leonard Nimoy explains how he decided to use the gesture for his character
Arts and Entertainment
Secrets of JK Rowling's Harry Potter workings have been revealed in a new bibliography
arts + ents
News
Down-to-earth: Winstone isn't one for considering his 'legacy'
people
News
news
ebooks
ebooksA special investigation by Andy McSmith
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

SThree: HR Benefits Manager

£40000 - £50000 per annum + pro rata: SThree: SThree Group have been well esta...

Recruitment Genius: Office Manager / Financial Services

£30000 - £37000 per annum: Recruitment Genius: Established in 1999, a highly r...

Jemma Gent: Year End Accountant

£250-£300 Day Rate: Jemma Gent: Are you a qualified accountant with strong exp...

Jemma Gent: Management Accountant

£230 - £260 Day Rate: Jemma Gent: Do you want to stamp your footprint in histo...

Day In a Page

HIV pill: Scientists hail discovery of 'game-changer' that cuts the risk of infection among gay men by 86%

Scientists hail daily pill that protects against HIV infection

Breakthrough in battle against global scourge – but will the NHS pay for it?
How we must adjust our lifestyles to nature: Welcome to the 'Anthropocene', the human epoch

Time to play God

Welcome to the 'Anthropocene', the human epoch where we may need to redefine nature itself
MacGyver returns, but with a difference: Handyman hero of classic 1980s TV series to be recast as a woman

MacGyver returns, but with a difference

Handyman hero of classic 1980s TV series to be recast as a woman
Tunnel renaissance: Why cities are hiding roads down in the ground

Tunnel renaissance

Why cities are hiding roads underground
'Backstreet Boys - Show 'Em What You're Made Of': An affectionate look at five middle-aged men

Boys to men

The Backstreet Boys might be middle-aged, married and have dodgy knees, but a heartfelt documentary reveals they’re not going gently into pop’s good night
Crufts 2015: Should foreign dogs be allowed to compete?

Crufts 2015

Should foreign dogs be allowed to compete?
10 best projectors

How to make your home cinema more cinematic: 10 best projectors

Want to recreate the big-screen experience in your sitting room? IndyBest sizes up gadgets to form your film-watching
Manchester City 1 Barcelona 2 player ratings: Luis Suarez? Lionel Messi? Joe Hart? Who was the star man?

Manchester City vs Barcelona player ratings

Luis Suarez? Lionel Messi? Joe Hart? Who was the star man at the Etihad?
Arsenal vs Monaco: Monaco - the making of Gunners' manager Arsene Wenger

Monaco: the making of Wenger

Jack Pitt-Brooke speaks to former players and learns the Frenchman’s man-management has always been one of his best skills
Cricket World Cup 2015: Chris Gayle - the West Indies' enigma lives up to his reputation

Chris Gayle: The West Indies' enigma

Some said the game's eternal rebel was washed up. As ever, he proved he writes the scripts by producing a blistering World Cup innings
In Ukraine a dark world of hybrid warfare and murky loyalties prevails

In Ukraine a dark world of hybrid warfare

This war in the shadows has been going on since the fall of Mr Yanukovych
'Birdman' and 'Bullets Over Broadway': Homage or plagiarism?

Homage or plagiarism?

'Birdman' shares much DNA with Woody Allen's 'Bullets Over Broadway'
Broadchurch ends as damp squib not even David Tennant can revive

A damp squib not even David Tennant can revive

Broadchurch, Series 2 finale, review
A Koi carp breeding pond, wall-mounted iPads and a bathroom with a 'wellness' shower: inside the mansion of Germany's 'Bishop of Bling'

Inside the mansion of Germany's 'Bishop of Bling'

A Koi carp breeding pond, wall-mounted iPads and a bathroom with a 'wellness' shower