Business week in review
Sunday 15 July 2012
In profit ...
The Debrett's People of Today entry for ex-Formula 1 racing team owner Eddie Jordan needs to be updated as it emerged last week that Jordan and LDC private equity boss Darryl Eales snapped up the venerable guide to etiquette and genealogy, earlier this year.
There's been plenty of scepticism over oil explorers looking for black gold in the Falklands, so Rockhopper chief executive Sam Moody must feel vindicated after a $1bn deal on Thursday.
Premier Oil splashed out that amount to take a 60 per cent stake in the group.
Also on Thursday, Aegis boss Jerry Buhlmann announced the advertising group's £3.2bn sale to Japan's Dentsu. He stands to make £10m from the deal.
... at a loss
Barclays bosses and Bank of England deputy governors have had an awfully bad week but so have others.
On Tuesday, Kate Bostock, the one-time darling of the retail sector, quit as executive director for general merchandise at Marks 'n' Sparks, following the chain's worst UK sales performance in three-and-a-half years.
The myth that British luxury goods are immune to the financial crisis might not last for much longer after Burberry revealed a slowdown in sales growth on Wednesday with boss Angela Ahrendts admitting to a "more challenging external environment".
On Thursday, Peugeot Citroen boss Philippe Varin admitted the French carmaker is losing €100m a month.
- 1 Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
- 2 The truth about 'girl things': Three cheers for Heather Watson's honesty
- 3 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 4 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 5 Men behaving badly: Urinating while standing, 'manspreading' and the gendering of selfishness
Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
Edgar Froese dead: Tangerine Dream founder dies aged 70
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Syrian refugee child beaten by Istanbul Burger King manager for eating customer’s leftover food
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign
British Muslim leaders outraged after Eric Pickles says followers of Islam should 'prove their identity'
UK terror fears: My jihadist son returned from Syria mentally scarred – now he is being ignored
Nigel Farage: NHS might have to be replaced by private health insurance
Billy Crystal: 'Stop shoving gay sex scenes in my face'
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
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