A WEEK IN BUSINESS
Sunday 10 September 1995
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.
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.
Labour accused the Government of privatising the Port of Tilbury too cheaply three years ago after it was sold for four times as much.
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.
"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.
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.
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.
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.
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.
- 1 The black and blue dress: Makers considering a white and gold version
- 2 Husband and wife die holding hands within hours of each other after 67 years of marriage
- 3 What color is The Dress, white and gold or blue and black? An eyewitness gives a definitive answer
- 4 The remarkable archaeological underwater discovery that could open up a new chapter in the study of European and British prehistory
- 5 Fearne Cotton quits Radio 1 after ten years for 'family and new adventures'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is shot dead
Leonard Nimoy dead: Star Trek actor dies after suffering lung disease
PornHub turns masturbation into energy in bid to save the planet
Ukraine crisis: Top Chinese diplomat backs Putin, says West should 'abandon zero-sum mentality'
What color is The Dress, white and gold or blue and black? An eyewitness gives a definitive answer
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
This is what it's like to be dead, according to a guy who died for a bit
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East
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