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.
Diving in at the deep end is no excuse for shirking the style stakes
- 2 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1
- 3 Why I'm on the brink of burning my Israeli passport
- 4 L'Oreal cuts ties with Belgium supporter Axelle Despiegelaere after hunting trip photographs
- 5 The true Gaza back-story that the Israelis aren’t telling this week
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Loom bands: Bids for dress made from colourful rubber pass £170,000 on eBay
Supermoon 2014: When and why will the moon look bigger and brighter this summer?
Gaza-Israel conflict: The terrible price Palestinian children are paying for Israel’s war with Hamas
Rotten egg smell could help battle heart disease and Alzheimer's
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Australia facing international condemnation after turning around Sri Lankans at sea
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
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