Business week in review
Sunday 18 August 2013
Prudential boss Tidjane Thiam pleased the insurer's investors on Monday as he hiked their half-year dividend pay-out by 15.8 per cent to 9.73p and then laid into those rotten bureaucrats in Brussels. Thiam warned that new EU capital rules for the sector, known as Solvency II, are "one of the biggest threats to UK jobs and growth".
Another popular insurance head honcho was Resolution's Andy Briggs. On Tuesday, he predicted that the UK annuity market will be worth £40bn by 2020, helped by the retirement of the "baby boomer" generation.
New Look chief executive Anders Kristiansen announced a "really successful start" to its financial year, also on Tuesday.
...at a loss
Jim McNerney, the global chief of Boeing, compared himself to Darth Vader earlier this year when he talked of cutting jobs and squeezing suppliers. Well, the image of Boeing's Dreamliner is deteriorating to the extent that a TIE Fighter under fire from Luke Skywalker appears likely to make for a more comfortable ride than the 787 jet. On Wednesday, an electrical wiring fault was found on the engine fire extinguishers of three Dreamliners, which follows issues with the jets' batteries.
Wednesday also saw Barclays finance director Chris Lucas step down due to his worsening health.
SIG boss Stuart Mitchell said on Thursday that the insulation company's profit was hampered by cold weather. Errrr…
- 1 Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
- 2 The confessions of men who ordered mail-order brides
- 3 UK weather: Britain braced for snow as arctic air mass moves in
- 4 Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
- 5 'Isis' schoolgirls: Missing British teenager tweets picture of her Syrian takeaway
Migrant crisis: Greek soldier saved 20 people singlehandedly off Rhodes beach
Aaron and Melissa Klein: Oregon anti-gay bakers ordered to pay $135,000 after refusing to make cake for same-sex wedding
UK weather: Britain braced for snow as arctic air mass moves in
Power of Nepal earthquake was equivalent to 20 huge atomic bombs
Nepal earthquake video: Terrifying footage shows moment avalanche hit Everest Base Camp
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
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