Business week in review
Sunday 14 July 2013
In profit ...
After months of feverish speculation, one of the City's most respected female bosses finally snaffled a big new job on Monday.
Former WH Smith chief executive Kate Swann, has taken on the top job at travel concession giant SSP, which has a turnover of £1.7bn.
Another City figure welcomed to a big new role was Ben van Beurden, named chief executive at Shell on Tuesday. Van Beurden was a surprise appointment, but he has been with the oil giant for three decades.
Burberry chief executive Angela Ahrendts hailed a "standout" spring/summer season after producing forecast-busting first-quarter sales of £339m on Wednesday.
... at a loss
On Wednesday, the news posties had been dreading arrived: the privatisation of the Royal Mail was confirmed.
Bill Hayes, the general secretary of the Communication Workers Union, warned that strikes were "inevitable" and that the sell-off would "destroy postal services".
On the same day, Charles Wilson, the boss of cash-and-carry group Booker, outlined the huge impact the display ban on tobacco has had on its Makro business, where like-for-like sales were down six per cent in the three months to June.
Ashmore's Mark Coombs said on Thursday uncertainty over the Fed's money-printing programme hit the fund manager in the second quarter.
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
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