Business week in review

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The Independent Online

In profit...

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. 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.