Business week in review
Sunday 28 April 2013
Who likes a dire economy? Cut-price fashion chains for a start. Primark was buoyed by a 55 per cent profit hike to £238m in Tuesday's interim figures. But Britain is too small for George Weston, the boss of owner Associated British Foods. He is planning French Primarks, having opened 15 European stores in six months.
It was a rare week of retail good news: on Wednesday that Sports Direct's Dave Forsey is to award 2,000 staff shares worth, on average, more than £50,000.
The same day, Mike Pocock, boss of Yellow Pages-owner Hibu, paid 2,500 staff bonuses two months early, despite its eye-watering debts.
...at a loss
Nothing like a business titan dismissing public anger over tax to shake out the Monday blues. Google chairman Eric Schmidt defended the search engine's £3bn corporate tax avoidance on UK profit. The billionaire said Google was "investing heavily in Britain" by hiring more than 2,000 people. Lloyds boss Antonio Horta-Osorio said on Wednesday he was "disappointed" – we suspect something of an understatement – that Co-op has pulled a plan to buy more than 600 branches for £750m.
On Thursday, AstraZeneca's Pascal Soriot was under fire after profit fell by more than one-third.
- 1 The black and blue dress: Makers considering a white and gold version
- 2 Husband and wife die holding hands within hours of each other after 67 years of marriage
- 3 What color is The Dress, white and gold or blue and black? An eyewitness gives a definitive answer
- 4 The remarkable archaeological underwater discovery that could open up a new chapter in the study of European and British prehistory
- 5 Fearne Cotton quits Radio 1 after ten years for 'family and new adventures'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is shot dead
Leonard Nimoy dead: Star Trek actor dies after suffering lung disease
PornHub turns masturbation into energy in bid to save the planet
Ukraine crisis: Top Chinese diplomat backs Putin, says West should 'abandon zero-sum mentality'
What color is The Dress, white and gold or blue and black? An eyewitness gives a definitive answer
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
This is what it's like to be dead, according to a guy who died for a bit
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East
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