Business week in review
Sunday 26 May 2013
Ruby McGregor-Smith cheered investors at the opening bell on Monday when FTSE 250 outsourcing group Mitie reported a 5.4 per cent rise in pre-tax profit to £111.1m. Suitably for a company that does the catering at the Chelsea Flower show, boss McGregor-Smith said Mitie "continues to grow".
Ivan Glasenberg, the billionaire mastermind behind the Glencore Xstrata mining and commodities trading empire, launched the newly formed group's inaugural $5bn (£3.3bn) bond issue on Thursday.
It emerged the same day that BT boss Ian Livingston collected nearly £9.6m in 2012, which included £6m of shares as part of a three-year performance plan.
... at a loss
Martin Gilbert, the chairman at First Group, headed for the exit on a low on Monday as the buses and trains group asked investors for £615m to cut debt, and axed its dividend as profit slumped. Gilbert said that he would leave once a successor is found, having led the business since 1995.
On Tuesday, Waterstones managing director James Daunt shocked his staff when he announced the abolition of the roles of branch manager, assistant manager, general manager and deputy manager at the bookseller's 284 shops.
Also on Tuesday, Marks & Spencer chief executive Marc Bolland announced an eight-year pre-tax profit low of £564.3m.
- 1 Cyclist who knocked down three-year-old girl says his life has been 'destroyed'
- 2 A politically correct lefty goes to see Top Gear live – you'll probably believe what happened next
- 3 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
- 4 Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
- 5 Snoop Dogg on why he doesn't regret displaying misogyny towards women
Isis 'jihadi bride' claims forced sex with Yazidi girls is never rape because Koran condones it
Woman accidentally shoots herself in the head while posing for a selfie
How China's richest man Li Hejun lost $15bn in an hour - and made a fortune
Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
Snoop Dogg on why he doesn't regret displaying misogyny towards women
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
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