Business week in review
Sunday 06 May 2012
Sir Martin Sorrell has claimed he does not have "a substantial pay packet". Lord alone knows how much wonga the WPP boss would consider a decent amount, as last year's base salary was revealed on Monday to be £1.3m, up one-third on 2010. Sir Martin's compensation package – we're not saying pay, as FTSE bosses get angry over the semantics of their rewards – was just shy of £13m.
There are plenty of pariah jobs out there – arms dealers, journalists – but few anger do-gooders as much as cigarette-sellers. That didn't stop Imperial Tobacco boss Alison Cooper announcing increased revenue and dividend for the first six months of the financial year on Tuesday. The group further pleased investors with a £500m share buyback pledge.
On Thursday, RSA boss Simon Lee said demand for UK household and pet insurance was on the up.
... at a loss
It's not an Ashes summer, but still Australians queue to annoy the Brits. On Monday, Cameron Clyne, the head of National Australia Bank, announced 1,400 job cuts at its subsidiaries, the Clydesdale and Yorkshire banks. Clyne said there had been "a significant downgrade in the growth prospects of the UK economy". Whatever – we've still got that urn.
An Aussie with a longer history of annoying Poms is Rupert Murdoch. The octogenarian's horrendous week, after a committee of MPs declared on Tuesday that he was "not a fit and proper person to exercise stewardship of a major international company", was saved by a vote of confidence from News Corp's board.
On Wednesday, Next boss Lord Wolfson admitted that heavy rain had dampened sales.
- 1 Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
- 2 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Professional big game hunter Ian Gibson crushed to death by elephant during hunt
- 4 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
- 5 Rebecca Francis accuses Ricky Gervais of using 'influence' to target female hunters after receiving barrage of death threats
Migrants crossing the Mediterranean: Pope Francis joins calls for EU action on boat refugees
Yemen crisis: Meet the child soldiers who have forsaken books for Kalashnikovs
Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Isis in Afghanistan: Group claims responsibility for Jalalabad suicide bombing that killed 35
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
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