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.
- 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
Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
Shock poll shows voters believe Ukip is to the left of the Tories
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
New era of cheap oil 'will destroy green revolution'
Ukip founder Alan Sked and Nigel Farage 'begged Enoch Powell to stand as a candidate'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
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