Business week in review
Sunday 15 September 2013
PricewaterhouseCoopers chairman Ian Powell was certainly in the money on Monday, after revealing that he was paid £3.6m for the year to June. That's up £300,000 – or one week of Gareth Bale's time – on last year. More broadly, more than 870 partners took home an average of £705,000 each, up 4 per cent on 2012.
On Tuesday, South African mining and commodities trading magnate Ivan Glasenberg pleased investors when he revealed that the cost savings from the $42bn (£29bn) deal that created Glencore Xstrata would be $2bn.
Royal Mail boss Moya Greene fired the starting gun on the flotation of the 250-year-old postal business, though unions are set to vote over a possible strike.
...at a loss
For balance, we lead the down-at-heel side of this column with Big Four accountant, Deloitte. UK senior partner and chief executive David Sproul saw his bean-counting empire fined a record £4m by the Financial Reporting Council for failing to manage conflicts of interest over their advice to collapsed car manufacturer MG Rover.
Rover collapsed into administration in 2005, for the loss of 6,000 jobs with debts totalling £1.4bn.
On Wednesday, Barclays chief executive Antony Jenkins warned of "a property-driven boom", arguing the market was "more buoyant" than at any time over the past 10 years.
WM Morrison boss Dalton Philips said on Thursday a third of the supermarket's customers are "one pay cheque away from bankruptcy".
- 1 Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
- 2 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Professional big game hunter Ian Gibson crushed to death by elephant during hunt
- 4 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
- 5 Rebecca Francis accuses Ricky Gervais of using 'influence' to target female hunters after receiving barrage of death threats
Yemen crisis: Meet the child soldiers who have forsaken books for Kalashnikovs
Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Professional big game hunter Ian Gibson crushed to death by elephant during hunt
Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
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