Business week in review
Sunday 22 September 2013
The Hut, the online retailer that boasts backers like former Marks & Spencer boss Sir Stuart Rose, announced a 30 per cent hike in sales on Monday.
The duffel coats-to-DVDs seller saw sales reach £77.1m. The results have sparked talk that The Hut is ready to list on the London Stock Exchange, having shelved a flotation two years ago.
Debenhams boss Michael Sharp also had internet sales to thank as he unveiled a pre-tax profit for the group of £153m on Tuesday, with online sales now accounting for 13 per cent of the business.
On Wednesday, Santander UK chief Ana Botin vowed to help small companies “realise their growth potential”.
... at a loss
Tesco chief executive Philip Clarke saw the supermarket giant rumbled by the British Pig Executive on Monday. Tests on two pork chops found that the meat almost certainly came from Holland, despite being labelled as British.
Tesco blamed its suppliers for the mistake, which was uncovered by the BBC using isotope technology to trace animals by the water they drank.
Sticking with the Dutch, Time Out boss Aksel van der Wal, exited the post on Tuesday after the listings guide lost £3.1m before one-off expenses last year.
On Wednesday, Smiths Group head Philip Bowman unveiled a profit slide in the 162-year-old engineer’s medical and defence divisions, but did give a £118m special dividend.
- 1 Ireland gay marriage vote: 'No' campaign appears to concede amid reports of 'yes' landslide victory
- 2 Purity balls: Girls in the US making virginity pledges as fathers vow to 'protect purity'
- 3 Picture of couple posing with beached dolphin 'that later died' causes outrage
- 4 16-year-old girl beaten and burned alive by lynch mob in Rio Bravo, Guatemala
- 5 Arsenal fan asks the Queen for tickets to the FA Cup final - gets a reply from Buckingham Palace
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
The day that Britain resigned as a global power
Almost a third of school pupils believe 'Muslims are taking over our country', study claims
Gay marriage 'Bert and Ernie' cake bakery found guilty of discrimination in Northern Ireland
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