Business week in review
Sunday 08 September 2013
Lord Ashcroft was feeling a little merry after his embryonic vineyard business, Shellproof, took over Kent and Sussex winery Gusbourne Estate for £7m on Tuesday.
The Tory peer aims to be producing 500,000 bottles of still and sparkling wine within 11 years, as Gusbourne is set to boom in one of the few times in British history ideal for viticulture.
Sticking with boozy Tuesday, Greene King chief executive Rooney Anand said sales rose 4.6 per cent in the first 18 weeks of the year, thanking Britain's sporting success and royal baby celebrations.
Former Royal Dutch Shell executive Mark Carne was named as Network Rail's new boss on Thursday.
...at a loss
In a blow to Finnish national pride, Nokia sold its struggling handset division for $5.44bn (£3.48bn) on Tuesday. Former Microsoft chief executive Stephen Elop will continue to run the division, which had nearly 40 per cent of the worldwide market as recently as 2008 – but that figure has slumped to 14 per cent, according to research firm Gartner.
Ryanair boss Michael O'Leary used uncharacteristically sombre language in announcing a profit warning on Wednesday. He blamed the July heatwave and weaker exchange rates for a fall in bookings.
Dixons chief executive Sebastian James agreed to invest €69m (£58.1m) in Pixmania to secure a buyer for the loss-making French online business.
- 1 Autistic adults could take pure MDMA to 'reduce social anxiety'
- 2 Natalie Portman tells Harvard graduates: 'Accept your lack of knowledge'
- 3 Before you complain about your GP, this is what you need to know about actually doing the job
- 4 Father of 12 accused of raping, beating, starving and abusing his own children in US 'cult'
- 5 Charlie Charlie Challenge explained: not a Mexican demon being summoned — it's gravity
People are criticising Fifa World Cup sponsors with corrupt corporate logos
Natalie Portman tells Harvard graduates: 'Accept your lack of knowledge'
University league tables: Best universities for teaching standards rank Oxford, Cambridge and Coventry among top 20
Fifa corruption live: Uefa to consider pulling teams from Fifa tournaments if Blatter stays
Skull found in Spain could be the world's first-ever murder victim
EU referendum: David Cameron's rules are a 'democratic disgrace', says French-born Scottish politician set to be denied a vote
The day that Britain resigned as a global power
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
Australian man punched in the face for defending Muslim women from abuse on train
A nation of inequality: How the UK is failing to feed its most vulnerable people
EU referendum: David Cameron to deny EU migrants and under-18s the chance to vote
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