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.
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- 2 BBC election debate: The one photo that summed up the whole 90-minute leaders debate
- 3 18th century sex toy found in 'toilet of sword fighting school' in Poland
- 4 The Batman v Superman: Dawn of Justice trailer has leaked – watch
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
If I’m being racially abused I don’t need a white stranger with a saviour complex to rescue me
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
Russian warships in English Channel 'to conduct anti-aircraft and anti-submarine military drills'
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