Business week in review


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The Independent Online

In profit ...

BP boss Bob Dudley was surely cracking open the vodka on Monday, when BP agreed to sell its half of the TNK-BP joint venture to Rosneft for $27bn (£16.8bn) in cash and shares.

On the same day, search engine Yahoo! unveiled adjusted earnings per share for the third quarter of 35 cents, up on the forecast 25 cents. Not a bad first impression for new chief exec Marissa Mayer.

And Wednesday saw British American Tobacco chief Nicandro Durante puff up 4 per cent revenue growth.

... at a loss

On Monday black-cab maker Manganese Bronze crashed into administration as a steering defect sparked a cash crisis. Boss John Russell says London's 'Icon' cabs will be saved.

Wednesday saw ex-Société Générale rogue trader Jéröme Kerviel fail in his appeal against a three-year jail term. He was ordered to repay the near €5bn (£4bn) he lost the bank; it will take him 300,000 years ...

And it was a bad Thursday for WPP head Sir Martin Sorrell as shares fell on news his ad giant had cut revenue-growth forecasts for the second time since August.