Business week in review
Sunday 21 July 2013
It's been a tough few years for the world's biggest mining groups, so this positive bit of our weekly review is dedicated to how several of them basked in joyous production figures.
On Tuesday, Rio Tinto announced that iron ore output was up 6 per cent in the six months to June, smashing the company's first-half record. Chief executive Sam Walsh hailed "an impressive performance" that was down to "productivity improvements".
A day later and BHP Billiton's new boss, Andrew Mackenzie also unveiled a record-breaking iron ore season, this time up 7 per cent for the whole year.
Also on Wednesday, Fresnillo head Octavio Alvidrez revealed a rise in second-quarter silver production.
... at a loss
Asos spent more than a year courting Kate Bostock to spruce up its product range with the temptation of a £400,000 salary, but then only employed the 56-year-old for seven months.
The online retailer revealed the embarrassment of splitting with the former M&S clothing guru on Tuesday, when Bostock "sadly" concluded that Asos "wasn't the right fit for me". Asos readily agreed, but did admit to being "disappointed".
Also on Tuesday, Steve Ingham, boss of PageGroup, warned of "difficult conditions" as the recruiter's first-half profit fell by 4.3 per cent.
On Wednesday, Severn Trent, which is run by Tony Wray, admitted that the utility had spent £19m on rebuffing takeover approaches.
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- 2 Irish people are travelling home from all over the world so they can vote to legalise gay marriage
- 3 Picture of couple posing with beached dolphin 'that later died' causes outrage
- 4 16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala
- 5 Witch doctor arrested after forcing newborn baby to walk in Indian village
Toddler throws a tantrum at the White House – in front of Barack Obama
Maryland mother found pushing her dead child on a swing in a playground
16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala
Picture of couple posing with beached dolphin 'that later died' causes outrage
Nicola Sturgeon did want David Cameron to win the general election, report concludes
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
Report finds that Britain's wages are the most unequal in Europe
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
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