MT's week in 60 seconds

This week: a blooming Waitrose, flourishing beds for Clare, and a new take on the burning bush.

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Last Updated: 31 Aug 2010

HSBC got the week off to a cheery start by posting a $17bn loss on its US sub-prime investments (though by current banking standards its results were actually pretty good, which should tell you something). There was more gloom for Premier Foods, forced to go cap-in-hand to its banks after rising wheat costs left it well and truly in the red, and also Michael Grade’s ITV, which saw profits slide 35% (though he insists things are on the up). But it was all smiles at John Lewis and Waitrose, whose staff are in the money after a stellar year; at Porsche, which seems to have tied up a deal for VW; and even at Ryanair, which found itself occupying the moral high ground for once...

Budding entrepreneurs have also had plenty to admire this week. Dreams founder Michael Clare looks set to cash in on his bed shop chain, while Facebook boss Mark Zuckerburg became the youngest person on Forbes’ annual Rich List – headed this year by billionaire investor Warren Buffett. But even though one in four of us fancies our chances of following in their footsteps, it won’t be thanks to Business Link – a government-funded study revealed just how popular its flagship support service really is… We’re guessing that Paul Raymond, who sadly died this week, certainly didn’t go to them for advice – Business Link advisers don’t tend to be very hot on pornography and Soho real estate, in our experience.

Elsewhere it feels like we’ve spent all week hearing about things we should be worrying about at work: unwashed interview candidates, the imminent threat of cybercrime, the cost of our failing knowledge management... And that’s assuming you can get to the office in the first place, as our editor ranted yesterday.

One thing’s for sure: if Moses was still about, he’d never have let a trifling thing like the London Underground stop him getting to work. After all, the man apparently fought his way through persecution, biblical plagues, the Red Sea and famine in the desert to get to the top of Mount Sinai to receive the Ten Commandments. So to accuse him of hallucinating the whole thing because he was high on the acacia tree, as one Israeli academic did this week, seems a bit on the churlish side...

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