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 Rihanna 'nude photos' claims emerge on 4Chan as hacking scandal continues
- 2 Frank Lampard equalises for Manchester City against Chelsea: how Twitter reacted
- 3 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 4 Free U2 album: How the most generous giveaway in music history turned PR disaster
- 5 Britain First picture: Photographer 'horrified' after first Afghan policewoman killed by Taliban used for 'ban the burka' campaign
Rihanna 'nude photos' claims emerge on 4Chan as hacking scandal continues
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
Jennifer Lawrence leaked 4Chan sex video branded 'fake' by forum users
Gabrielle Union contacts FBI over nude 4Chan pictures leaked by 'vultures'
Jennifer Lawrence 'naked sex video' will be leaked next, threatens 4Chan celebrity photo hacker
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
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