Business week in review
Sunday 17 June 2012
Who would have thought City regulation could have the feel of a Cold War spy novel? Admittedly, not a rip-roaring yarn, but surprising nonetheless: Alexander Justham has switched sides, a gamekeeper turned poacher.
Until September, Justham was head of the markets division at the Financial Services Authority. On Tuesday, he was named head of a London Stock Exchange subsidiary, LSE plc, that will take responsibility for relations with FSA successor body the Financial Conduct Authority. Before the FSA, Justham was at JPMorgan. So, will he swap sides once more? And would that make him a quadruple agent?
Also on Tuesday, Evelyn Bourke was named chief financial officer at private healthcare group Bupa. She joins from insurer Friends Life. Bupa praised her "finance, risk, actuarial, operations and mergers and acquisitions knowledge".
On Thursday, WH Smith's boss Kate Swann reported improved sales.
...at a loss
You have to feel sorry for Tesco. Well, you don't, and you probably won't, but pity poor chief executive Philip Clarke anyway.
He came in for quite a lot of stick on Monday after posting its fourth consecutive quarter of falling underlying UK sales. Annoyed it didn't include the Diamond Jubilee, which was the supermarket giant's biggest ever week outside Christmas, the results ratcheted up the pressure on Clarke. However, he claimed that he "can see momentum gathering" . Clarke can't afford too many more quarters like this one.
Heathrow and Stansted airports operator BAA posted a slight decline in passengers in May on last year. Chief executive Colin Matthews conceded the "impact of the eurozone crisis" had hurt.
On Wednesday, Peter Cowgill's JD Sports Fashion said it could lose up to £15m on its purchase of outdoor specialist Blacks Leisure.
Emergency call 'started off dumb, but got pretty serious'
Britain First criticised for using actress's memory to draw attention to their 'hate-filled home page'
Thought you'd seen it all after the Jeremy Paxman interview?
Greatest mystery about the hit BBC1 show is how it continues to be made at all, writes Grace Dent
"History is violent," says the US Army tank commander Don "Wardaddy" Collier
Animal welfare charities have urged the boy band to cut the scenes
Argentinian scored 'rabona' wonder goal for Tottenham in Europa League – see it here
- 1 This 'woman calls police to order pizza' story isn't going where you're expecting
- 2 Watch what happened when food critics were unknowingly served McDonald's
- 3 Jimmy Carr's controversial Oscar Pistorius joke goes a bit too far at the Q Awards
- 4 Ottawa shootings: Bruce MacKinnon's cartoon is the perfect tribute to soldier Nathan Cirillo
- 5 Of course, teenage girls need role models – but not like beauty vlogger Zoella
Isis releases first video showing the stoning of woman accused of committing adultery as her father shouts 'don't call me Dad'
This 'woman calls police to order pizza' story isn't going where you're expecting
FCKH8: YouTube reinstates provocative anti-sexism video showing young girls swearing
Diwali: What is the festival of lights – and how is it celebrated around the world?
Jimmy Carr's controversial Oscar Pistorius joke goes a bit too far at the Q Awards
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Residents should throw a street party and mix with immigrant neighbours, councils told
Attacks on 'Ukip Calypso' show how skewed people’s priorities are
iJobs Money & Business
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...
£100 - 125k: Guru Careers: A CTO / Chief Technology Officer is needed to join ...
Competitive (DOE): Guru Careers: A COO / Chief Operating Officer is needed to ...