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 Tourist films plane's descent just metres above packed Caribbean beach
- 2 Kate Moss: Previously unpublished nude photo revealed by Mert and Marcus
- 3 Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
- 4 World Book Day: Boy 'excluded' from school after dressing up as Fifty Shades' Christian Grey
- 5 Bad Jews poster 'censored' on London Tube
Tourist films plane's descent just metres above packed Caribbean beach
Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
Becky Watts: Four appear in court charged with hiding body parts after teenager's death
Isis 'bulldozes' Nimrud: UNESCO condemns destruction of ancient Assyrian site as a 'war crime'
Professor Brian Cox brands astrology-believing Tory MP David Tredinnick an 'outlier on the spectrum of reason'
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Durham Free School: 'Creationism taught at' free school facing closure
End of the licence fee: BBC to back radical overhaul of how it is funded
Elif Shafak: Turkish author warns against rise of British nationalism
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
Nigel Farage promises Ukip will not 'stigmatise' would-be migrants – and says he wants 'everyone to speak the same language'
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