Business week in review
Sunday 12 August 2012
Need a profit boost? Call in the superheroes. That's what Disney chief Bob Iger did. The film Avengers Assemble, starring Scarlett Johansson and Robert Downey Jr, helped the Mouse House to its highest quarterly profit of $3bn (£1.9bn) after it smashed box-office records in its opening weekend.
The sun also shone on Peter Long, the boss of TUI Travel, as rain-soaked Brits packed their suitcases and headed for warmer climes.
The world's biggest tour operator, which runs Thomson Holidays, said average selling prices this summer are 9 per cent higher than last after a sharp rise in late bookings.
Max James is not alone in claiming to benefit from the Olympic halo effect. But the boss of the property developer Quintain has a fair point that his transformation of the area around Wembley Stadium will be helped by having more than a million football and rythmic gymnastics fans flocking there over the past fortnight.
...at a loss
Even a political row over its pasties couldn't heat up springtime sales for Greggs, when torrential rain kept shoppers away from the high street.
Bakery boss Ken McMeikan, who led the campaign against Chancellor George Osborne's plan for a tax hike on his hot food, reported that footfall was down 7 per cent between April and June, leading to a 3.5 per cent fall in sales.
Drugs groups AstraZeneca and BTG, run by Louise Makin suffered a setback when they axed plans to develop a new treatment for severe blood poisoning after CytoFab failed medical trials. Had it been successful analysts estimated it would have earned BTG annual sales of £1.2bn.
Meg Whitman continued to cut a swathe through giant computer maker Hewlett Packard. The president and chief executive took an eye-watering $8bn (£5bn) writedown on the value of its IT services division.
- 1 I've been called an abusive and dangerous parent, when all I did was listen to my transgender child
- 2 Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
- 3 Sofyen Belamouadden murder: The inside story of a crime that horrified Britain
- 4 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 5 UK weather: Britain braced for snow to replace sun as arctic air mass moves in
Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
Russian hack of President Obama's emails worse than previously admitted
Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
UK weather: Britain braced for snow to replace sun as arctic air mass moves in
Nepal earthquake: US Pastor Tony Miano sparks outcry by suggesting Nepalis should convert and not rebuild their 'pagan shrines'
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
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