Business week in review
Sunday 29 July 2012
A few years ago, star lawyer Anthony Salz said he was refocusing his career to spend more time "thinking about individual clients and their ambitions and worries". The former BBC governor is likely to only have time for the latter with his latest cause célèbre.
On Tuesday, Salz was tasked with a root-and-branch review of Barclays in the wake of the Libor scandal. The bank is committed to implementing his recommendations in full.
ITV boss Adam Crozier saw the broadcaster's underlying profit rise 15 per cent to £235m off revenue of £1.13bn on Thursday.
On Friday, Jardine Lloyd Thompson's head Dominic Burke revealed an 11 per cent pre-tax profit hike in the insurance holding company's interim results.
...at a loss
Germany's Chancellor Angela Merkel was rattled on Tuesday by signs of its economic might wilting in the face of the European debt crisis.
Moody's threatened to downgrade the powerhouse's AAA rating after data suggested a possible decline in manufacturing due to falling exports.
BT boss Ian Livingston was downbeat on Wednesday, moaning that "continental Europe has got worse rather than better" after the headline profit at its Global Services division slumped 14 per cent in the past three months.
On Friday, Anglo American head Cynthia Carroll disclosed a 38 per cent fall in the miner's first-half operating profit.
And why are 'southern' ways of speaking spreading north?
Rapper Ja Rule forced to deny leaving his wife for prison cell mate
Ten best places to live in the UK: Solihull comes top
Mysterious glowing ‘alien-like creature’ spotted in waters of Bristol Harbour. A jellyfish - or something fishy?
From 'terrorist' to tea with the Queen
Nelson Mandela death: his life in pictures
- 1 Cameron's freebie to apartheid South Africa
- 2 Is this the scariest advert ever? Japanese tyre commercial comes with its own disclaimer and health warning
- 3 A forgotten episode in Russian history leaves links with the Philippines
- 4 Video: Students 'punched and dragged to the ground by their hair' as police break up demonstration
- 5 Cannabis can cause man boobs, US surgeon claims
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