Business week in review
Sunday 04 November 2012
Dame Marjorie Scardino may soon be leaving Pearson, but that hasn't hurt her eye for a deal. On Monday, the Financial Times owner agreed to merge Penguin with US giant Random House, creating a powerhouse in the global books market.
BP boss Bob Dudley cheered investors with a better-than-expected third-quarter profit of $5.2bn (£3.5bn) and raised the dividend payout to nine cents. Next chief executive Lord Wolfson increased full-year profit expectations to £590m-£620m after strong autumn trading.
At a loss...
The knives were out this week, with Apple head of retail John Browett among the first to feel the blade on Monday. Only six months after joining from the Dixons chain, he lost his job in a management overhaul.
This column’s sympathies go to UBS chief executive Sergio Ermotti, who claimed on Tuesday that taking the axe to 10,000 jobs was “difficult”, particularly in a business “which is all about its people”. On Wednesday, Barclays boss Antony Jenkins revealed two fresh probes by US regulators.
Geoffrey Macnab reviews American Hustle, also starring Christian Bale and Bradley Cooper
elephant appealThe first 23 lots in our charity auction have now gone. But there are 22 more still up for grabs
newsFormer soldier taped 33 of the animals to the floor and then stamped on them one by one
Michelle Nijhuis' daughter insists (s)he is, and she learnt a valuable lesson on gender in books
news Opponents claim it would stop performers such as Beyonce and Madonna appearing on TV
It takes a platoon of chefs, litres of brandy and rum, and almost 100kg of dried fruit
newsThat most ancient of crimes is on the rise, threatening farmers' livelihoods, community trust – and human health
food + drink
sportIf you thought the London Olympics and Wiggins' Tour glory made last year best, don't forget Murray's Wimbledon win and Farah's double
- 1 America's 'virgin births'? One in 200 mothers 'became pregnant without having sex'
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 3 Christmas comes early: Justin Bieber is 'retiring from music'
- 4 Iain Duncan Smith leaves Commons food banks debate early
- 5 Children evacuated from swimming pool after prosthetic leg mistaken for paedophile
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