Business week in review
Sunday 25 August 2013
Bovis Homes chief executive David Ritchie was a happy bunny on Monday, announcing the group’s highest sales since floating on the London Stock Exchange 16 years ago. Bovis hit 90 per cent of its annual sales target by the 32nd week of the year, as the housing market started benefiting from recovery.
Antonio Horta-Osorio continued his impressive Lloyds rein on Wednesday by selling off a German life insurance business and a portfolio of UK commercial loans for £500m. Earlier this month, Lloyds swung back into profit.
Also on Wednesday, Sir Charles Allen, the former ITV boss, was named chief executive at Danish cleaning giant ISS ahead of an expected stock market listing.
...at a loss
Billionaire South African Ivan Glasenberg had some explaining to do on Tuesday, after his newly-forged Glencore Xstrata mining empire took a $7.7bn (£4.9bn) hit as a result of the megamerger. Glencore bought Xstrata in May after a public negotiation process that took longer than a year, but Glasenberg’s team has since revalued Xstrata’s assets, forcing the writedown.
Heineken boss Jean Francois von Boxmeer was in need of a bevvie or four on Wednesday when the brewer said the amount of beer it sold in the first half of 2013 in the UK and Western Europe was down 6 per cent on the same period last year.
On Thursday, Hugh Osmond stepped down as a non-executive director at Phoenix Group.
arts + entsThere were towering ideas, some scintillating performances and revelatory grooves... our writers pick out their personal highlights
elephant appealThe first 23 lots in our charity auction have now gone. But there are 22 more still up for grabs
elephant appealPrince William signs up for our charity appeal
peoplePrepare to be entranced by worms as the molecular biologist gets ready to give the Royal Institution science lectures
elephant appealSo says man jailed for cutting off dead elephant's tusks
booksWe examine the best titles for teens
voicesPeople moan that Christmas is too commercial, the spirit lost. But it is a time to over-indulge, and always has been, says DJ Taylor
scienceResearchers teach border collie to understand sentences using more than 1,000 words
booksA Christmas story in six parts
travelWill high-value tourism help the workshops of this Renaissance city?
food + drinkA trifle without custard? Surely not! Nonsense – and here’s three to finish your festive meal that prove it
Geoffrey Macnab does not like the comedian's big screen debut
Top PR exec Justine Sacco under fire for sending racist tweet before flying to Africa
French pub fined €9,000 after customers returned empties to bar - because it's 'undeclared labour'
Ten best places to live in the UK: Hart in Hampshire takes top spot
'Untrue statements' anger over work to make H5N1 bird-flu virus MORE dangerous to humans
Paul Walker's daughter Meadow attends Justin Bieber Believe premiere
- 1 Top PR exec Justine Sacco under fire for sending racist tweet before flying to Africa
- 2 French pub fined €9,000 after customers returned empties to bar - because it's 'undeclared labour'
- 3 Sun will 'flip upside down' within weeks, says Nasa
- 4 The publisher who played with fire: the battle for control of Larsson's £30m legacy
- 5 Police seize possessions of rough sleepers in crackdown on homelessness
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