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.
- 1 Tourist films plane's descent just metres above packed Caribbean beach
- 2 Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
- 3 World Book Day: Boy 'excluded' from school after dressing up as Fifty Shades' Christian Grey
- 4 Bad Jews poster 'censored' on London Tube
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
Tourist films plane's descent just metres above packed Caribbean beach
Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
Isis 'bulldozes' Nimrud: UNESCO condemns destruction of ancient Assyrian site as a 'war crime'
Professor Brian Cox brands astrology-believing Tory MP David Tredinnick an 'outlier on the spectrum of reason'
Lynch mob kills suspected rapist in India after dragging him naked for four miles through city
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Durham Free School: 'Creationism taught at' free school facing closure
End of the licence fee: BBC to back radical overhaul of how it is funded
Elif Shafak: Turkish author warns against rise of British nationalism
Ex-head of MI6: 'We shouldn't kid ourselves that Russia is on a path to democracy'
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
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