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.
Presents unwrapped, turkey gobbled... it's time to relax
- 1 Exodus Gods and Kings casting controversy: Ridley Scott would never cast 'Mohammad so-and-so from such-and-such' in lead role
- 2 This letter from a reader explains why women can’t play football
- 3 'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
- 4 Scientists predict green energy revolution after incredible new graphene discoveries
- 5 Michael Buerk wishes he killed Jimmy Savile when he had the chance - by pushing him overboard a cruise ship
Black Friday 2014: Opening times for Asda, John Lewis, GAME, PC World and Argos
Sean Abbott: Messages of support flood in for bowler after death of Phil Hughes
Plebgate: Andrew Mitchell’s reputation in tatters as judge rules he used the word ‘pleb’
Dr Lam Hoe Yeoh: Voyeur doctor jailed for eight years after using network of hidden cameras to film patients, colleagues and friends on the toilet
'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
Obama: The only people with the right to object to immigration are Native Americans
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Ukip mocked after mistaking Westminster Cathedral – for a mosque
Sarah Vine criticises lesbian mother Jack Monroe: 'If she was unsure about her sexuality, she should have taken greater precautions'
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