Business week in review
Sunday 04 August 2013
Mark Zuckerberg, the co-founder and chief executive of Facebook, had more friends this week after the social network's shares powered past last year's flotation price of $38 (£25) for the first time. Its stock price tanked after its troubled float on Nasdaq in May 2012, but a boom in mobile advertising drove its quarterly revenue up by 53 per cent to $1.8bn.
Shares in Next, the UK fashion chain, hit a record high on Tuesday, following a robust first quarter of trading. Its chief executive Lord Wolfson said shoppers were becoming "more spontaneous" in their spending habits, but downplayed the prospects of a full-scale economic recovery for the foreseeable future.
...at a loss
Barclays' chief executive Antony Jenkins had a week to forget, as the bank unveiled a £5.8bn rights issue to shore up its balance sheet. It was forced into the bigger-than-expected cash call to satisfy the Prudential Regulation Authority, which has identified £12.8bn a capital shortfall at the banking giant. Barclays is also steeling itself for further developments into its 2008 fundraising from Qatar before Mr Jenkins' time.
Another company facing fresh controversy is Apple, whose chief executive is Tim Cook, over working conditions at its Chinese suppliers' factories. US-based China Labor Watch alleges Apple's suppliers have used child labour, forced overtime and illegal 66-hour working weeks.
auctionThe first 23 lots have now gone. But there are 22 more still up for grabs
healthJames Bond's alcohol consumption puts him at 'high risk' of cirrhosis, tremors... and impotence
musicPolice chief rejects rappers' claims that his work is as dangerous as law enforcement or military service
comedy'Fresh Meat' star sees off stiff competition from Alan Carr, David Mitchell, Graham Norton, Lee Mack and Sarah Millican to win top prize
tvSpoiler alert: Find out the result of a heated final show
Beatles rush out 'bootleg' album to defy EU copyright law
Harvey Weinstein reveals his secret weapon on-set
Now that an oil trader's drinking has got him sacked, will we all have to make do with an afternoon latte?
Chiwetel Ejiofor and Idris Elba get nods for Best Actor, which no black Brit has ever won
Geoffrey Macnab reviews The Desolation of Smaug - the meat in Peter Jackson's Hobbit sandwich
peopleWhat advice would David Cameron give to his younger self?
Mystery of Epping Forest 'big cat' is solved
French café starts charging extra to rude customers
Scientist create 'robotic sperm' to help with fertilisation and drug delivery
Australia incest case: Severely deformed children found in remote farming community after generations of inbreeding
Fox News presenter tells viewers it is a 'fact' that both Jesus and Santa Claus are white
- 1 French café starts charging extra to rude customers
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 3 Australia incest case: Severely deformed children found in remote farming community after generations of inbreeding
- 4 Physicists discover 'clearest evidence yet' that the Universe is a hologram
- 5 Fox News presenter tells viewers it is a 'fact' that both Jesus and Santa Claus are white
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