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

Selby Jennings: VP/SVP Credit Quant- NY- Investment Bank

Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...

Ashdown Group: Senior Marketing Executive- City of London, Old Street

£40000 - £43000 per annum + benefits: Ashdown Group: Senior Marketing Executiv...

Ashdown Group: Marketing Manager

£40000 - £43000 per annum + benefits: Ashdown Group: An international organisa...

Ashdown Group: Internal Recruiter -Rugby, Warwickshire

£25000 - £30000 per annum: Ashdown Group: Internal Recruiter -Rugby, Warwicksh...

The Business Matrix: Friday 11 July 2014

Supergroup big  in Germany

Julian Dunkerton, the chief executive of Supergroup, predicted that the fashion retailer could soon be bigger in Germany than in the UK, as he unveiled a 19.6 per cent jump in annual sales to £431m yestrday. The chain has just bought franchises in Spain and Germany in a move that saw its pre-tax profits fall by 13 per cent to £45.2m.

Problems over rebuilding capital

Huge fines for banks over issues such as the rigging of Libor and breaking of US sanctions is making it harder for regulators to work out how much capital they need to be safe. Andrew Bailey, a deputy Governor at the Bank of England, said: “This is a considerable dent to rebuilding bank capital.”

Libyan fund names acting head

Libya’s sovereign wealth fund has named Abdulrahman Benyezza, its former oil minister, as its acting head. His predecessor at the Libyan Investment Authority, Abdulmagid Breish, stepped down because of a new law banning anyone who had a function in the Gaddafi regime from public office.

Google start-up boost for London

Google is basing a new $100m (£58m) investment fund for European start-ups in London. Google Ventures Europe will invest in technology and life sciences businesses. Eze Vidra, head of Google Campus, will join as a partner, as will investor Peter Read, entrepreneur Tom Hulme and Avid Larizadeh, of code.org.

Burberry shrugs off strong pound

Burberry has shrugged off a strong pound to deliver a 12 per cent rise in first-quarter sales. The luxury group, which today faces a rebellion over its chief executive’s £27m pay deal at its annual meeting, said sales rose despite a rising pound, which it warned could cut profits this year by more than £65m.

Nadella quashes Xbox sell-off talk

Microsoft’s chief executive Satya Nadella quashed rumours that its Xbox gaming division will be sold by announcing plans to develop it. The business has been the subject of speculation of a sell-off for years but Mr Nadella said “Microsoft will continue to vigorously innovate and delight gamers with Xbox.”

Home loan offers show 9% rise

The number of home loans offered to first-time buyers rose 9 per cent in May, despite new controls on underwriting. By value, first-time loans were worth 11 per cent more than they were in April, the Council of Mortgage Lenders said. By value and volume, loans rose 8 per cent.

Barratt expects top-end profits

Barratt Developments’ full-year profits are likely to be at the top end of forecasts after housing completions hit a six-year high. The builder said yesterday that demand for new homes meant pre-tax profits could be as high as £390m in September, compared with £192m in 2013.

Willford fined over lack of warning

Bradford & Bingley’s former finance director has been fined £13,000 for failing to warn the board about worsening bad debt levels as the bank prepared for a cash call in 2008. Chris Willford has already been fined £30,000 by the City’s regulator.

Unilever slims itself down

Food and soap giant Unilever has sold Slim-Fast to Kainos Capital, a US private equity firm, but would not give a price. The sale is part of Unilever’s ongoing effort to reshape its US portfolio and focus on higher-margin “personal care” division.

Latest stories from i100
Career Services

Day In a Page

Aren’t you glad you didn’t say that? The worst wince-and-look-away quotes of the year

Aren’t you glad you didn’t say that?

The worst wince-and-look-away quotes of the year
Hollande's vanity project is on a high-speed track to the middle of nowhere

Vanity project on a high-speed track to nowhere

France’s TGV network has become mired in controversy
Sports Quiz of the Year

Sports Quiz of the Year

So, how closely were you paying attention during 2014?
Alexander Armstrong on insulting Mary Berry, his love of 'Bargain Hunt', and life as a llama farmer

Alexander Armstrong on insulting Mary Berry and his love of 'Bargain Hunt'

From Armstrong and Miller to Pointless
Sanchez helps Gunners hold on after Giroud's moment of madness

Sanchez helps Gunners hold on

Olivier Giroud's moment of madness nearly costs them
A Christmas without hope: Fears grow in Gaza that the conflict with Israel will soon reignite

Christmas without hope

Gaza fears grow that conflict with Israel will soon reignite
After 150 years, you can finally visit the grisliest museum in the country

The 'Black Museum'

After 150 years, you can finally visit Britain's grisliest museum
No ho-ho-hos with Nick Frost's badass Santa

No ho-ho-hos with Nick Frost's badass Santa

Doctor Who Christmas Special TV review
Chilly Christmas: Swimmers take festive dip for charity

Chilly Christmas

Swimmers dive into freezing British waters for charity
Veterans' hostel 'overwhelmed by kindness' for festive dinner

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Isis in Iraq: Yazidi girls killing themselves to escape rape and imprisonment by militants

'Jilan killed herself in the bathroom. She cut her wrists and hanged herself'

Yazidi girls killing themselves to escape rape and imprisonment
Ed Balls interview: 'If I think about the deficit when I'm playing the piano, it all goes wrong'

Ed Balls interview

'If I think about the deficit when I'm playing the piano, it all goes wrong'
He's behind you, dude!

US stars in UK panto

From David Hasselhoff to Jerry Hall
Grace Dent's Christmas Quiz: What are you – a festive curmudgeon or top of the tree?

Grace Dent's Christmas Quiz

What are you – a festive curmudgeon or top of the tree?
Nasa planning to build cloud cities in airships above Venus

Nasa planning to build cloud cities in airships above Venus

Planet’s surface is inhospitable to humans but 30 miles above it is almost perfect