Week in Review: Charles Gurassa and Jeremy Darroch
Sunday 03 February 2013
Charles Gurassa must have had quite the Cheshire cat grin on Monday, after it was confirmed that Sir Michael Rake was stepping down as chairman at easyJet.
As the low-cost airline's deputy, Gurassa was immediately tipped as the hot internal favourite to step into the shoes of Sir Michael, who said it was "the right time" to leave because easyJet is on the threshold of joining the FTSE 100.
The airline is expected to be promoted to the blue-chip index in March, and Sir Michael would have been chairman at two FTSE 100 groups – the other being BT – and that is against corporate governance guidelines.
Carpetright unveiled surprisingly strong sales for the 13 weeks to 26 January, which boss Darren Shapland said was a result of a store refurbishment programme that has apparently convinced customers to shake the cobwebs out of their wallets.
At a loss
On Thursday, BskyB chief executive Jeremy Darroch revealed a strong rise in interim profit to £642m.
Mr Kipling to Bisto maker Premier Foods shook the market first thing on Monday when chief executive Michael Clarke quit after just 18 months in the job. Clarke was paid a £1.94m golden hello when he joined from Kraft, but he had helped turn the business around and shares were instantly hit by his resignation.
Clarke will stay on for a few months as he hands over to Gavin Darby, a former executive at Vodafone and Coca-Cola. There is speculation that Darby's appointment might herald a sale of what was once Britain's biggest food manufacturer.
3i boss Simon Borrows started plotting the business's defence strategy after it emerged that the activist fund Sherborne Investors had built a sizeable stake in Britain's oldest private equity firm on Tuesday.
On Thursday, AstraZeneca's new chief executive, Pascal Soriot, above, announced the probability of revenue decline this year.
- 1 Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
- 2 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 3 Bill Cosby: Isn’t it obvious why his accusers have stayed silent up until now?
- 4 Halle Berry takes ex-boyfriend Gabriel Aubry to court for allegedly trying to make daughter look less African-American
- 5 Isis propaganda image showing 'abuse of Muslim woman by soldiers' is actually taken from Hungarian porn film
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
Revealed: How the world gets rich – from privatising British public services
Exclusive: UK approved £7m Israeli arms sales in six months before Gaza conflict
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