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.
Simon Calder looks at communities fighting back against the poachers
Arsenal 1 Everton 1: Substitute equalises with six minutes to go
booksGeese, gorillas, grandads... and growing up
- 1 Hundreds arrested as Canadian police smash worldwide paedophile ring
- 2 Sherlock series 3: Benedict Cumberbatch and Martin Freeman provide teasers for the biggest comeback in British television
- 3 The man who made Femen: New film outs Victor Svyatski as the mastermind behind the protest group and its breast-baring stunts
- 4 Mass murder in the Middle East is funded by our friends the Saudis
- 5 Japan cracks down on leaks after scandal of Fukushima nuclear power plant
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