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 Forget 'The Dress': Here are five of the biggest news stories you might have missed
- 2 The black and blue dress: Makers considering a white and gold version
- 3 PornHub turns masturbation into energy in bid to save the planet
- 4 The remarkable archaeological underwater discovery that could open up a new chapter in the study of European and British prehistory
- 5 Saudi Muslim cleric claims the Earth is 'stationary' and the sun rotates around it
British are sexually uptight, dirty and drink too much – according to Spanish book
PornHub turns masturbation into energy in bid to save the planet
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
White and gold or blue and black – what colour is the dress? An eyewitness gives a definitive answer
Saudi Muslim cleric claims the Earth is 'stationary' and the sun rotates around it
New theory could prove how life began and disprove God
This is what it's like to be dead, according to a guy who died for a bit
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Ukip would cut billions from Scottish budget to fund English tax cuts
Russia's roadmap for annexing eastern Ukraine 'leaked from Vladimir Putin's office'
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