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.
As Voltaire once said, “Ice cream is exquisite. What a pity it isn’t illegal”
- 1 Mother fed her daughter tapeworms to make her skinny for beauty pageant
- 2 Crystal Palace next manager latest: Palace consider Ally McCoist - EXCLUSIVE
- 3 Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
- 4 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
- 5 Tim Sherwood column: 'It started as a three-horse race but turned into the Grand National'
'Alien thigh bone' on Mars: Excitement from alien hunters at 'evidence' of extraterrestrial life
West poised to join forces with Assad in face of Islamic State
Pamela Anderson rejects ice bucket challenge because of ALS experiments on animals: 'Mice had holes drilled into their skulls'
James Foley 'beheaded': Isis video shows militant with British accent 'execute US journalist' – as hunt begins for killer
ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Isis threat: Cameron wants an alliance with Iran
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
Disgusting, frustrating, but intriguing: how the country really feels about its politicians
Bin bag full of cats' heads discovered near Manchester's Curry Mile
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