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 Cyclist who knocked down three-year-old girl says his life has been 'destroyed'
- 2 A politically correct lefty goes to see Top Gear live – you'll probably believe what happened next
- 3 Young Preston fan has play-off hero Jermaine Beckford's shirt stolen from him at Wembley - which then appears for sale on Gumtree
- 4 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
- 5 Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
Cyclist who knocked down three-year-old girl says his life has been 'destroyed'
Woman accidentally shoots herself in the head while posing for a selfie
How China's richest man Li Hejun lost $15bn in an hour - and made a fortune
Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Snoop Dogg on why he doesn't regret displaying misogyny towards women
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
The day that Britain resigned as a global power
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
EU referendum: David Cameron to deny EU migrants and under-18s the chance to vote
A nation of inequality: How the UK is failing to feed its most vulnerable people
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