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 Stuart Baggs dies: Apprentice star 'The Brand' found dead aged 27
- 2 Whoopi Goldberg tells Cara Delevingne to suck it up: 'She's not famous. I'M famous'
- 3 1000 people played Foo Fighters simultaneously to try and get them to play their city
- 4 Every club should be like Labour – you can’t join as a new member unless you’re already a member
- 5 Doctor Who: Christopher Eccleston says why he left the BBC series after just one series
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn – or a return to a Labour government
Labour leadership contender Jeremy Corbyn says 'we can learn a great deal from Karl Marx'
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Public anger after French sunbather beaten up by gang for wearing a bikini in Reims park
Labour leadership: New poll shows party is now even 'less electable' than under Ed Miliband
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
iJobs Money & Business
£13000 - £15000 per annum: Recruitment Genius: Are you passionate about custom...
£22000 - £25000 per annum: Recruitment Genius: Main purpose: Under the directi...
£35000 - £37000 per annum + benefits : Ashdown Group: Contracts Manager - City...
£35 - £50k DOE: Guru Careers: A Tax Manager / Accountant (ACA / CA / CTA) is n...