Business week in review
Sunday 16 June 2013
Well, it turns out you can win the lottery twice. Vue chief executive and founder, Tim Richards, and private equity backer, Doughty Hanson, sold the chain for £935m to Omers Private Equity and Alberta Investment Corporation on Monday.
Richards reportedly made £25m when Doughty bought Vue for £450m three years ago.
Sir Roger Carr was confirmed as the next chairman at submarines-to-missiles manufacturer BAE Systems on Wednesday.
Burberry boss Angela Ahrendts has collected a £6.8m windfall, according to the company's annual report, released on Thursday. However, her salary was halved and the package was down on last year's £15.6m.
...at a loss
Severn Trent chairman Andrew Duff must have thought he had done a good job in rebuffing a £5.3bn bid from a consortium led by Canada's Borealis on Tuesday.
Given the virtually guaranteed long-term revenue from utilities, the board had been keen to argue that the bid undervalued the company. Yet many top investors are said to be frustrated that Duff and his team hadn't communicated with the bidder properly.
Peter Hambro, the chairman at miner Petropavlovsk, saw 18 per cent of investors vote against his re-election on Thursday.
On Friday, Post Office boss Paula Vennells was hit by news that workers are set to strike over branch closures and pay.
- 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
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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