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.
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- 5 One Direction: Louis Tomlinson launching his own record label, has already 'signed two acts'
Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Professional big game hunter Ian Gibson crushed to death by elephant during hunt
Driving while dehydrated can be just as dangerous as drink driving, study suggests
Ben Affleck asked TV chiefs to hide slave-owning ancestry, new hacked Sony emails published by Wikileaks claim
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
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Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
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