Business week in review
Sunday 09 June 2013
In profit ...
The sunny weather brought with it a big new job for departing Virgin Media boss Neil Berkett. On Monday he was named as the new chairman of Guardian Media Group, a move that is thought to signal plans to charge for the group's flagship national newspaper website.
On Wednesday, reforms of the Co-op in the wake of crisis in its banking division moved on apace with the appointment of Richard Pennycook as group finance director. He joins from supermarket chain WM Morrison.
Marks & Spencer boss Marc Bolland saw his short-term bonus rising by a quarter to £829,000 on Thursday.
...at a loss
AstraZeneca chief executive Pascal Soriot was forced to write-down £93m on Tuesday after the pharmaceutical giant was forced to dump a new arthritis pill. Fostamatinib caused patients to suffer a number of side-effects including the common cold, in what was Astra's sixth drug failure in recent years.
Manny Roman, the head of Man Group, endured a miserable Wednesday when the hedge fund spooked investors when it was revealed key AHL fund's fortunes had tumbled in recent weeks.
On Thursday, Network Rail boss Sir David Higgins saw the organisation's growing debt burden – not more than £30bn – hit the headlines.
- 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 Young Preston fan has play-off hero Jermaine Beckford's shirt stolen from him at Wembley - which then appears for sale on Gumtree
- 4 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
- 5 Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
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
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
EU referendum: David Cameron to deny EU migrants and under-18s the chance to vote
A nation of inequality: How the UK is failing to feed its most vulnerable people
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