Business week in review
Sunday 23 September 2012
Back in the days when the Duchess of Cambridge was better known for wearing clothes, one of her favourite designers was Jenny Packham. In the heady days of May, *ée Middleton wore a teal number at a gala marking the countdown to the London 2012 Olympics.
Certainly, Debenhams was pleased, as Packham is one of the chain's key designers and sales soared through the roof, as demonstrated by an impressive trading update on Tuesday. Chief executive Michael Sharp said sales in the past 10 weeks were up by 3.8 per cent on last summer.
On Wednesday, it emerged that Bob Diamond's BP is in talks to sell its Texas City oil refinery to Marathon Petroleum Corp.
Also on Wednesday, Peter George announced the flotation of his pharmaceuticals group, Clinigen.
...at a loss
Rows! Oil! The Yellow Pages! What a week of high drama. On Monday, Harpic toilet cleaner-to-Durex condoms giant Reckitt Benckiser announced that finance director Liz Doherty was leaving. None of that "for personal reasons" flim-flam for boss Rakesh Kapoor, who admitted that "Reckitt's and her way of working are not as well matched as either of us would like".
Also on Monday, Shell chief executive Peter Voser announced that the oil empire will have to suspend its £2.5bn Arctic exploration programme for a year. On Wednesday, Mike Pocock, the boss of the absurdly named directories group hibu issued a profit warning.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
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