Business week in review
Sunday 20 October 2013
Laura Carstensen finally brought her two-year Competition Commission probe into the dominance of the Big Four accountants to an end on Tuesday. Critics said she had “caved in” by rowing back on some hard-hitting reforms of the audit market. However, in what is seen as a victory for smaller auditors, she has pushed through big changes like forcing companies to put the audit role out to tender every 10 years.
Sir Nigel Rudd was made chairman at BBA Aviation on Wednesday, complementing his work at Heathrow-owner BAA, where he holds the same role.
BSkyB boss Jeremy Darroch said on Thursday that it now has 5 million broadband customers.
... at a loss
Page Group chief executive Steve Ingham made himself some friends among cricket’s Barmy Army on Monday, when he blamed a slowdown in Australia for the recruiter’s profit warning. However, investors were shocked at the news and the departure of the group’s finance director, leaving the stock down nearly 5 per cent at 470p.
On Tuesday, Sir Hector Sants, stepped down from Barclays until the end of the year citing stress. The former Financial Services Authority boss is head of compliance, government and regulatory affairs at the bank.
Centrica boss Sam Laidlaw courted unpopularity on Thursday as British Gas said energy bills would go up £148 to an average of nearly £1,500.
- 1 Woman 'suffocates newborn baby in plastic bag and puts it in her desk minutes after giving birth'
- 2 I've been called an abusive and dangerous parent, when all I did was listen to my transgender child
- 3 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 4 Teaching profession headed for crisis as numbers continue to drop and working lives become 'unbearable'
- 5 Chinese student carries disabled friend to school every day for three years
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
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