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 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
Shock poll shows voters believe Ukip is to the left of the Tories
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
New era of cheap oil 'will destroy green revolution'
Ukip founder Alan Sked and Nigel Farage 'begged Enoch Powell to stand as a candidate'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
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