Business week in review
Sunday 01 September 2013
Foxtons chief executive Michael Brown enjoyed a gloriously sunny Bank Holiday weekend as he prepared to announce the aggressive estate agent's flotation on Tuesday. Management could see their 20 per cent stake valued at up to £100m, as Foxtons is expected to sell shares for a full price following the biggest rise in house prices in July since 2006.
On Wednesday, Chime Communications boss Chris Satterthwaite said the 2014 World Cup in Brazil could be worth $1.5bn (£967m) in sponsorship. Around 50 per cent of the marketing group's profit comes from sport in big event years.
Andrew Page, the head of Frankie & Benny's owner The Restaurant Group, hailed a "corker" of a year so far on Friday.
...at a loss
Michael O'Leary is always good for a rant when things don't go his way and Wednesday proved to be no different as he attacked the "bizarre and manifestly unsound ruling" from the Competition Commission to sell down Ryanair's almost 30 per cent stake in Aer Lingus to just 5 per cent. Mr O'Leary added that the inquiry was "yet another enormous waste of taxpayer resources".
Also on Wednesday, publisher Johnston Press admitted "material uncertainty" over its future. Chief executive Ashley Highfield, though, insisted only "a worst-case tsunami" would threaten the group.
Zurich Insurance chairman Josef Ackermann resigned on Thursday, days after the suicide of the com-pany's finance director.
- 1 Crystal meth addict 'gouged out his eyes and ate them' while high on drug, Australian MP claims
- 2 As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
- 3 The ten most unequal developed countries in the world
- 4 Saudi Arabia 'seeking to head United Nations Human Rights Council'
- 5 Toddler throws a tantrum at the White House – in front of Barack Obama
JK Rowling horrified by Harry Potter actor Matthew Lewis's raunchy photoshoot
Saudi Arabia 'seeking to head United Nations Human Rights Council'
The ten most unequal developed countries in the world
Toddler throws a tantrum at the White House – in front of Barack Obama
Irish people are travelling home from all over the world so they can vote to legalise gay marriage
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
Report finds that Britain's wages are the most unequal in Europe
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
The day that Britain resigned as a global power
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
iJobs Money & Business
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...
£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...
£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...