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…
Children's bookseller wins The Independent's new author search
Board creates magnetic field to achieve lift
Company reveals $542m investment in start-up building 'a rocket ship for the mind'
- 1 Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
- 2 Banksy arrest hoax: Internet duped by fake online report claiming artist's identity has been revealed
- 3 Former East 17 frontman Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
- 4 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
- 5 Paralysed man Darek Fidyka walks again after treatment by British doctors on brink of 'cure'
Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
Oscar de la Renta dead: Legendary US fashion designer dies after long cancer battle aged 82
Oscar Pistorius: The brutal prison life that awaits disgraced athlete
Banksy arrest hoax: Internet duped by fake online report claiming artist's identity has been revealed
Super-sized ships arrive in Britain: How big can they get?
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver 'kicks gay couple off for kissing'
Lord Freud: Tory welfare minister apologises after saying disabled people are 'not worth’ the minimum wage
Lord Freud hangs on as MPs of all parties 'call for his head' over disability comments
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