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 Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by police in Ohio park
- 2 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 3 Woman opens professional cuddling shop – gets 10,000 customers in first week
- 4 Naked free runner captured in breathtaking photographs above London's streets
- 5 Manchester United named Premier League's loudest fans despite late push by Chelsea according to 'Smart Meter' app
Turkish President: 'Equality between men and women is against nature'
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by police in Ohio park
Heroin to be prescribed to Canadian addicts by doctors
Audacious North Korean kidnap plot foiled at Paris airport as 'Asian men' attempted to bundle student onto plane
Revealed: the case against Bill Cosby – through the stories of his accusers
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
France 'blocks' Russian sailors from boarding a warship
Green Party Caroline Lucas interview: 'We could be on the edge of something very big'
iJobs Money & Business
Negotiable: Argyll Scott International: Hi All, I'm currently recruiting for t...
£50000 - £60000 per annum + benefits: Argyll Scott International: A Business A...
£30000 - £35000 per annum + benefits: Ashdown Group: PR Marketing & Events Exe...
$80000 - $110000 per annum, Benefits: Bonus and Employee Investment Scheme: Se...