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 Man on naked bike ride gets ejected after becoming aroused
- 2 Caitlyn Jenner's mother Ester thought her daughter, formerly known as Bruce Jenner, had transitioned for money
- 3 Charles Kennedy 1959-2015: A gifted, compassionate politician whose career was cut short by the 'demon drink' - latest news
- 4 Ann Summers survey reveals the UK's favourite sex position
- 5 Ayyan Ali: Pakistan's top model now appears in the courtroom rather than on the catwalk
Man on naked bike ride gets ejected after becoming aroused
Caitlyn Jenner's mother Ester thought her daughter, formerly known as Bruce Jenner, had transitioned for money
Charles Kennedy 1959-2015: A gifted, compassionate politician whose career was cut short by the 'demon drink' - latest news
Charles Kennedy dead: A guy once asked the Lib Dem leader who his favourite Muppet was and his letter response was wonderful
Jaden Smith wears gender fluid dress to high school prom with Hunger Games actress
Thousands of teenage girls enduring debilitating illnesses after routine school cancer vaccination
Migrants in Kos: Photos show real tragedy after Brits abroad complain of 'awkward' holidays
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
Michael Gove determined to scrap the Human Rights Act – even if Scotland retains it
Threat to scrap Human Rights Act could see UK follow Nazi example, warns UN official
Church of England 'one generation away from extinction' after dramatic loss of followers
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