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 British tourists 'murdered' in Thailand: Pair's bloodied bodies found naked on Koh Tao beach
- 2 Vivienne Westwood says 'Yes' to Scottish Independence by declaring: 'I hate England'
- 3 Welcome to Cameroon, where drinking Baileys can lead to imprisonment
- 4 Lego breaks out of the toy box and heads for the gallery
- 5 Vogue under fire for 'Big Booty' article
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: Yes campaign feels the heat as Alex Salmond's NHS claims come under furious attack
£23m Birmingham cycle scheme is attacked by Tory councillor for not catering to the elderly
Salmond accused of laughing off national debt with ‘what are they going to do: invade?’ joke
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