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.
- 2 Saudis risk new Muslim division with proposal to move Mohamed’s tomb
- 3 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 4 Cee Lo Green: It is only rape if the victim is conscious
Perez Hilton apologises for publishing Jennifer Lawrence naked 4Chan photos
Emma Watson on Jennifer Lawrence naked photo leak: 'Even worse than seeing women's privacy violated is reading the comments'
Ariana Grande nude photos leak: Pictures are completely fake, say representatives
Saudis risk new Muslim division with proposal to move Mohamed’s tomb
Katie Hopkins breaks down in tears over weight gain challenge: ‘I hate fat people for making me do this’
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Ashya King: Parents of five-year-old boy refused permission to visit him in hospital and denied bail at Spanish court
With Douglas Carswell joining Ukip, my party has taken another giant step forward
When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
Ashya King: 'Cruel NHS has not given us the treatment we need', says father of five-year-old with brain tumour who fled to Spain
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