Business week in review
Sunday 02 June 2013
Ever heard of Kassem Alom? Neither had we until Tuesday, when he announced his intention to float Al Noor Hospitals, Abu Dhabi's biggest healthcare provider, on the London Stock Exchange.
Al Noor said that it hopes to raise $150m (£98.7m) which would value the company at up to $1bn. Chief executive Alom said the money could be used for acquisitions.
Wednesday saw Sports Direct, the cricket bats and tracksuits empire run by Mike Ashley, buy retailers in Austria and the Baltics.
Tony Wray, the boss of takeover target Severn Trent, pleased investors with an 8.2 per cent dividend hike.
...at a loss
Ryanair boss Michael O'Leary – the man who wanted to charge customers to use the toilet on his budget airline – was seething on Thursday. The Competition Commission confirmed that it wanted Ryanair to sell down its 29.8 per cent stake in Aer Lingus, a rival that O'Leary has long harboured hopes of buying.
Retailer's profit is hit. What's the excuse? That's right — apparently we have rain in Britain! Kingfisher boss Ian Cheshire blamed the wettest March in 50 years for poor first-quarter figures.
Bumi chief executive Nicholas von Schirnding announced a $2.4bn (£1.6bn) pre-tax loss at the scandal-struck miner.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 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
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
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