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…
Malaysia Airlines plane crash exposes alarming flaw in airline security: over one billion flights made last year without stolen-passport check
Swarm of killer bees sting woman 1,000 times
Malaysia Airlines Flight MH370: Oil slicks in South China Sea ‘not from missing jet’, officials say
Steve Irwin’s final words: Cameraman present at death opens up about deadly stingray attack for the first time
Oscar Pistorius trial: Athlete throws up as court hears 'graphic details' of Reeva Steenkamp's autopsy
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
Exclusive: Impact of immigrants on British workers ‘negligible’
Vince Cable: Teachers 'know absolutely nothing' about the world of work
Ukraine crisis: Russia pledges to 'retaliate against sanctions' as Ukrainian president says Crimea vote will not be recognised
- 1 International Women's Day 2014: The shocking statistics that show why it is still so important
- 2 Australian man Rod Sommerville reacts to bite from deadly snake by reaching for cold beer
- 3 Kim Jong-un wins 100% of the vote in North Korean elections
- 4 David Cameron resorts to paying for Facebook fans because not enough people like him
- 5 Steve Irwin’s final words: Cameraman present at death opens up about deadly stingray attack for the first time
iJobs Money & Business
£32000 - £36000 per annum + generous benefits: Pro-Recruitment Group: * TAX * ...
£55000 - £70000 per annum + benefits: Pro-Recruitment Group: In-House Corporat...
£80000 - £100000 per annum + benefits: Pro-Recruitment Group: In-House Opportu...
£30000 - £35000 per annum + generous benefits: Pro-Recruitment Group: Mixed Ta...