The Business Matrix: Friday 11 October 2013 - matrix - i - The Independent
Today's letter from the Editor
Today's Matrices
iJobs Job Widget
iJobs General

SEN Teaching Assistant Runcorn

£50 per day: Randstad Education Cheshire: SEN Teaching Assistant EBD , Septemb...

SEN Teaching Assistant Runcorn

£50 per day: Randstad Education Cheshire: SEN Teaching Assistant EBD , Septemb...

Recruitment Consultant - Soho - IT, Pharma, Public Sector

£20000 - £25000 per annum + OTE £35,000 first year: SThree: The SThree group i...

IT Systems Manager

£40000 - £45000 per annum + pension, healthcare,25 days: Ashdown Group: An est...

The Business Matrix: Friday 11 October 2013

Grangemouth set for staff walkout

The oil refinery group Ineos has refused to enter arbitration over a dispute with workers at its Grangemouth refinery on the Firth of Forth, increasing the chances of a full-scale strike. Ineos and the Unite union have been engaged in a war of words about the future of the plant, with bosses wanting to cut jobs and change pension plans.

Dreamliners face more turbulence

Two of Japan Airlines' Dreamliners had to turn back with technical problems less than 24 hours after an electric fault on one rendered six of the seven toilets on board unusable, and the anti-icing system failed on another. The Boeing 787's latest faults follow a string of other technical failures, from onboard fires to battery problems.

China now biggest oil importer

China has outstripped the US to become the world's biggest oil importer in September, according to US officials. Chinese oil consumption exceeded production by 6.3 million barrels per day over the month to become the world's biggest net importer. A boom in car ownership has spurred demand for imported oil and gas.

Sweet news for Real Good Food

The Real Good Food Company, which owns the sugar brand Whitworths, has signed deals with Asda and Booker chain of cash-and-carry stores which will double Whitworth's sales to more than £100m a year. It launched its baking range of sugars just over a year ago and has since become the country's fastest-growing sugar brand.

Investors boost Ashmore's funds

Investors piled into Ashmore's funds over the summer after regaining their appetite for the emerging markets. The money manager increased the value of funds under its control by $600m to $78.5bn. The flows were strongest into its debt products and offset a sharp market sell-off in May and June.

GKN poaches new finance director

The FTSE 100-listed engineer GKN has poached its new finance director from publisher and conferences group Informa. GKN's finance director Bill Seeger is stepping down in February after more than 20 years and will be replaced by Informa's current finance director Adam Walker.

Country Life not so bountiful

The Country Life publisher IPC Media said its pre-tax profits fell by 75 per cent to £11.4m last year. Parent group Time Warner's plan to spin off its magazines has been delayed and the search for a new chief executive is continuing after the previous boss left in May.

Dixons merges Italian business

The British electronics retailer Dixons has agreed to merge its loss-making Italian business UniEuro with a firm controlled by the private equity investor Rhone Capital. The retailer has agreed to give it €25m in cash and also invest €10m in the form of a loan note.

Melrose in deal with KKR

Melrose, the industrial turnaround specialist, has sold two of its businesses to the US private equity firm KKR for $1bn. The group has agreed to sell lifting and rigging specialist Crosby Group and Acco Material Handling Solutions.

Bumpy flight for Queen's jets firm

The supplier of the Queen's chartered jets saw its pre-tax profits fall by 5 per cent to £3.9m in the year to July as revenues fell 3 per cent to £220.6m. Gatwick-based Air Partner blamed the fall on slumping freight sales and restructuring.

Career Services

Day In a Page

Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

Exclusive extract from Janis Winehouse's poignant new memoir
Is this the role to win Cumberbatch an Oscar?

Is this the role to win Cumberbatch an Oscar?

The Imitation Game, film review
England and Roy Hodgson take a joint step towards redemption in Basel

England and Hodgson take a joint step towards redemption

Welbeck double puts England on the road to Euro 2016
Relatives fight over Vivian Maier’s rare photos

Relatives fight over Vivian Maier’s rare photos

Pictures removed from public view as courts decide ownership
‘Fashion has to be fun. It’s a big business, not a cure for cancer’

‘Fashion has to be fun. It’s a big business, not a cure for cancer’

Donatella Versace at New York Fashion Week