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.
Simon Calder looks at communities fighting back against the poachers
Guide dog mauled while helping owner deliver Christmas cards
Chemical and radiation experts investigate after death of man found inside tent in field
Nelson Mandela’s complex bond with Britain
The poorest pay the price for austerity: Workers face biggest fall in living standards since Victorian era
10 stone five-year-old taken into care
- 1 Turning up the voice of America
- 2 The poorest pay the price for austerity: Workers face biggest fall in living standards since Victorian era
- 3 The man who made Femen: New film outs Victor Svyatski as the mastermind behind the protest group and its breast-baring stunts
- 4 An obsessive’s documenting of Israeli war crimes in Lebanon can show us how the West lost respect for international law
- 5 Mass murder in the Middle East is funded by our friends the Saudis
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