Business week in review
Sunday 11 August 2013
Legal & General boss Nigel Wilson could hardly contain his delight as the City lapped up his company's first-half results on Tuesday. The insurer's shares reached a 14-year high after L&G increased its profit and dividend. The key to this success? A lucky tie, he joked.
His namesake, Mark Wilson at Aviva, wasn't able to raise his company's dividend but was still a happy man after analysts gave the thumbs-up to the restructuring measures he has taken since joining the insurer in January.
It was also a good week for 'Washington Post' publisher Katharine Weymouth after billionaire Amazon founder Jeff Bezos snapped up the paper for $250m. The best bit of news for her? She keeps her job.
...at a loss
Billionaire investor Dan Loeb lost a few admirers last month when he described Sony's film and music business as a "red-headed stepchild". Unfortunately for the founder of hedge fund Third Point, things took a turn for the worse once again last week when the electronics giant rejected his proposal to partially spin off the division.
Greggs' boss Roger Whiteside will be crossing his fingers that we Brits rekindle our love of sausage rolls and pasties after the chain posted a 29% fall in profits during the six months to July.
And finally, don't be surprised to see Ladbrokes chief executive Richard Glynn doing a rain dance in the street — he blamed the recent heatwave for a 50% dive in first-half profits.
- 1 Howard Jacobson: Let's see the 'criticism' of Israel for what it really is
- 3 Belgium fan Axelle Despiegelaere lands L'Oreal campaign after World Cup viral photo
- 4 Britney Spears sings 'Alien' without Auto-Tune in embarrassing leaked audio clip
- 5 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1
Instagram of US airport security chiefs: Lipstick knives and IED training kits among items seized
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Mick Jagger denies being World Cup curse and reason for Brazil’s embarrassing defeat
Israel-Gaza crisis: ‘We just want it to end… We don’t deserve to live like this’
Israel-Gaza crisis: Eight killed in Gaza Strip cafe while watching World Cup semi-final
Sustained immigration has not harmed Britons' employment, say government advisers
Australia facing international condemnation after turning around Sri Lankans at sea
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
There’s a nasty smell in the political air – and it’s coming from the Tories
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