Today's letter from the Editor
Today's Matrices
iJobs Job Widget
iJobs General

Tradewind Recruitment: PMLD Teacher

Negotiable: Tradewind Recruitment: PMLD Teacher A specialist primary school i...

Recruitment Genius: Online Media Sales Trainee

£15000 - £30000 per annum: Recruitment Genius: Now our rapidly expanding and A...

Recruitment Genius: Public House Manager / Management Couples

£15000 - £20000 per annum: Recruitment Genius: Are you passionate about great ...

Recruitment Genius: Production Planner

£20000 - £30000 per annum: Recruitment Genius: This fast growing reinforcing s...

The Business Matrix: Friday 09 December 2011

 

Firms fined for fixing prices

France's competition authority has fined Colgate-Palmolive, Henkel and Procter & Gamble a total of £309m for fixing prices of washing powder in France from 1997 to 2004. Unilever escaped a fine because it reported the wrongdoing, the regulator said. Secret talks on pricing took place in hotels and restaurants, the regulator added.

HSBC to take on all burdens of NHFA

HSBC has agreed to take responsibility for all customers of the disgraced care fees adviser NHFA – even those from before the bank bought the company in 2005. It is writing to NHFA customers from April 2004 but people who dealt with the firm earlier should email NHFA@hsbc.com or write to NHFA, HSBC Bank, PO Box 1888, Coventry, CV3 9WN.

Ford brings back dividend payouts

Ford Motor Company has reinstated a dividend for the first time in five years, with a 5 cents per share payout that the US car giant said it could sustain during a future downturn. The payout will also benefit the group's executives and the founding Ford family, who between them hold 40 per cent of the voting stock.

China deal gives Astra a boost

AstraZeneca is buying Guangdong Beikang Pharmaceutical, a Chinese generic drugs manufacturer, as it seeks to increase its clout in the country's growing pharamaceuticals market. The terms of the deal were not revealed, but it will strengthen Astra's position as the second biggest foreign drugs firm (behind Pfizer) in the country.

US jobless claims at nine-month low

The number of Americans filing new claims for unemployment benefits fell to a nine-month low last week, stoking hopes of a labour market recovery in the world's largest economy. Initial claims for benefits fell by 23,000 to 381,000, the US Labour Department said yesterday.

Chinese buy uranium miner

Kalahari Minerals, the AIM-listed, Namibia-focused uranium, gold and copper producer has agreed to be taken over by China Guangdong Nuclear Power Corp (CGNPC) for £632m. In a purchase that will boost China's efforts to meet its growing energy needs, CGNPC will pay 243.55p a share for Kalahari.

Schroders cancels Walbrook move

Schroders has made an 11th-hour decision to shelve a move into one of London's largest empty developments as a result of the global financial crisis. The wealth manager had planned to occupy up to 250,000 sq ft in the Walbrook building in the City of London but has decided to stay at nearby Gresham Street for now.

Arnault to buy up Bond St shops

France's richest man and LVMH's chief executive, Bernard Arnault, is in talks to buy three stores on London's most expensive shopping street for £300m. The shops include LVMH's Louis Vuitton flagship store at 17-20 New Bond Street, plus stores let to the bag retailer Coach and stationer Smythson.

Letter bomb sent to Ackermann

An envelope sent to one of the world's most prominent bankers contained a live letter bomb, German authorities said yesterday. The package, addressed to the Deutsche Bank chief executive, Josef Ackermann, was sent to the lender's headquarters in Frankfurt. No one has claimed responsibility for the device.

Fidelity calls in Jeremy Podger

Fidelity is to replace Jorma Korhonen, who took over the global part of Anthony Bolton's £6bn Special Situations fund five years ago, with Jeremy Podger, the head of global equities at Threadneedle. Mr Podger ran the £737m Global Select fund and the £8m Global Extended Alpha fund at Threadneedle.

Latest stories from i100
Career Services

Day In a Page

As in 1942, Germany must show restraint over Greece

As in 1942, Germany must show restraint over Greece

Mussolini tried to warn his ally of the danger of bringing the country to its knees. So should we, says Patrick Cockburn
Britain's widening poverty gap should be causing outrage at the start of the election campaign

The short stroll that should be our walk of shame

Courting the global elite has failed to benefit Britain, as the vast disparity in wealth on display in the capital shows
Homeless Veterans appeal: The rise of the working poor: when having a job cannot prevent poverty

Homeless Veterans appeal

The rise of the working poor: when having a job cannot prevent poverty
Prince Charles the saviour of the nation? A new book highlights concerns about how political he will be when he eventually becomes king

Prince Charles the saviour of the nation?

A new book highlights concerns about how political he will be when he eventually becomes king
How books can defeat Isis: Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad

How books can defeat Isis

Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad
Judith Hackitt: The myths of elf 'n' safety

Judith Hackitt: The myths of elf 'n' safety

She may be in charge of minimising our risks of injury, but the chair of the Health and Safety Executive still wants children to be able to hurt themselves
The open loathing between Barack Obama and Benjamin Netanyahu just got worse

The open loathing between Obama and Netanyahu just got worse

The Israeli PM's relationship with the Obama has always been chilly, but going over the President's head on Iran will do him no favours, says Rupert Cornwell
French chefs get 'le huff' as nation slips down global cuisine rankings

French chefs get 'le huff' as nation slips down global cuisine rankings

Fury at British best restaurants survey sees French magazine produce a rival list
Star choreographer Matthew Bourne gives young carers a chance to perform at Sadler's Wells

Young carers to make dance debut

What happened when superstar choreographer Matthew Bourne encouraged 27 teenage carers to think about themselves for once?
Design Council's 70th anniversary: Four of the most intriguing prototypes from Ones to Watch

Design Council's 70th anniversary

Four of the most intriguing prototypes from Ones to Watch
Dame Harriet Walter: The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment

Dame Harriet Walter interview

The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment
Art should not be a slave to the ideas driving it

Art should not be a slave to the ideas driving it

Critics of Tom Stoppard's new play seem to agree that cerebral can never trump character, says DJ Taylor
Bill Granger recipes: Our chef's winter salads will make you feel energised through February

Bill Granger's winter salads

Salads aren't just a bit on the side, says our chef - their crunch, colour and natural goodness are perfect for a midwinter pick-me-up
England vs Wales: Cool head George Ford ready to put out dragon fire

George Ford: Cool head ready to put out dragon fire

No 10’s calmness under pressure will be key for England in Cardiff
Michael Calvin: Time for Old Firm to put aside bigotry and forge new links

Michael Calvin's Last Word

Time for Old Firm to put aside bigotry and forge new links