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

Austen Lloyd: Corporate Solicitor NQ+ Oxford

Excellent Salary: Austen Lloyd: CORPORATE - Corporate Solicitor NQ+ An excelle...

Reach Volunteering: Financial Trustee and Company Secretary

Voluntary Only - Expenses Reimbursed: Reach Volunteering: A trustee (company d...

Recruitment Genius: Senior Project Manager

£45000 - £65000 per annum: Recruitment Genius: This is a fantastic opportunity...

Recruitment Genius: Shopfitter

Negotiable: Recruitment Genius: This is an opportunity to join a successful an...

The Business Matrix: Friday 15 February 2013

Fall in number of repossessions

There was good news for the housing market yesterday as figures showed the number of repossessions in the UK in 2012 fell to their lowest level since 2007. Just under 34,000 homes were seized in 2012, the Council of Mortgage Lenders said. In 1991 there were 75,000 repossessions.

Banks told not to leave Libor panel

Banks have been told by the Financial Services Authority that they should not try to leave the panel which sets Libor because they fear becoming embroiled in the growing scandal over rate rigging. A number of European banks including Rabobank and BNP Paribas are believed to have wanted to quit the panel.

Airline merger gets off the ground

American Airlines and US Airways have agreed to merge in an $11bn (£7bn) deal to create the world's biggest airline. The tie-up, which is due to complete in the third quarter, reduces the number of major US airlines to four – the new American, United, Delta and Southwest.

Entertainment One movie boost

Distributing such hit films as Quentin Tarantino's Django Unchained helped Entertainment One to lift group revenues by 11 per cent on a like-for-like basis. The Anglo-Canadian company, which specialises in TV and film production and distribution, is on track to hit its full-year profit target by the end of February, with new films in the pipeline.

Rio Tinto unveils first full-year loss

Rio Tinto's new chief executive, Sam Walsh, promised an "unrelenting" focus on shareholder value as he unveiled the FTSE 100 miner's first-ever full-year loss, of $3bn (£1.9bn).Mr Walsh was promoted to the top job after his predecessor quit.

US investigation into merger closed

Pearson and Bertelsmann have been told by the US Department of Justice that it has closed its investigation into the proposed merger of Penguin and Random House, without conditions.

The two firms announced their agreement to combine Penguin and Random House in October. The merger is being reviewed by the European Commission.

German decline hits eurozone

A shocking decline for the mighty German economy has sunk the eurozone even deeper into recession.The single currency bloc suffered a far worse than expected 0.6 per cent fall in output in the final quarter of 2012 – twice as bad as the UK's 0.3 per cent reverse.

Hugo Boss sales help SVG's value

A bounce-back in Hugo Boss's share price in the final quarter helped SVG Capital, the listed private equity fund, to record a 16 per cent jump in the value of its assets in 2012. Boss was caught in the slipstream of Burberry's profit warning last year, but recovered strongly as investors realised it was still growing strongly.

Tata sees profits fall 50% in quarter

India's Tata Motors has reported a 50 per cent drop in its quarterly net profit to 1.6 billion rupees (£190m) in the September-December quarter, reflecting sales declines for its core business and investment costs at subsidiary Jaguar Land Rover.

EC unveils tax on financial trading

Brussels has unveiled plans for a tax on financial trading that could raise up to €35 billion annually. The European Commission formally proposed its financial transaction tax – known as the Tobin tax – which is aimed at making banks pay for taxpayer help they received in the financial crisis and will apply from next January.

Latest stories from i100
Career Services

Day In a Page

Mau Mau uprising: Kenyans still waiting for justice join class action over Britain's role in the emergency

Kenyans still waiting for justice over Mau Mau uprising

Thousands join class action over Britain's role in the emergency
Isis in Iraq: The trauma of the last six months has overwhelmed the remaining Christians in the country

The last Christians in Iraq

After 2,000 years, a community will try anything – including pretending to convert to Islam – to avoid losing everything, says Patrick Cockburn
Black Friday: Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Britain braced for Black Friday
Bill Cosby's persona goes from America's dad to date-rape drugs

From America's dad to date-rape drugs

Stories of Bill Cosby's alleged sexual assaults may have circulated widely in Hollywood, but they came as a shock to fans, says Rupert Cornwell
Clare Balding: 'Women's sport is kicking off at last'

Clare Balding: 'Women's sport is kicking off at last'

As fans flock to see England women's Wembley debut against Germany, the TV presenter on an exciting 'sea change'
Oh come, all ye multi-faithful: The Christmas jumper is in fashion, but should you wear your religion on your sleeve?

Oh come, all ye multi-faithful

The Christmas jumper is in fashion, but should you wear your religion on your sleeve?
Dr Charles Heatley: The GP off to do battle in the war against Ebola

The GP off to do battle in the war against Ebola

Dr Charles Heatley on joining the NHS volunteers' team bound for Sierra Leone
Flogging vlogging: First video bloggers conquered YouTube. Now they want us to buy their books

Flogging vlogging

First video bloggers conquered YouTube. Now they want us to buy their books
Saturday Night Live vs The Daily Show: US channels wage comedy star wars

Saturday Night Live vs The Daily Show

US channels wage comedy star wars
When is a wine made in Piedmont not a Piemonte wine? When EU rules make Italian vineyards invisible

When is a wine made in Piedmont not a Piemonte wine?

When EU rules make Italian vineyards invisible
Look what's mushrooming now! Meat-free recipes and food scandals help one growing sector

Look what's mushrooming now!

Meat-free recipes and food scandals help one growing sector
Neil Findlay is more a pink shrimp than a red firebrand

More a pink shrimp than a red firebrand

The vilification of the potential Scottish Labour leader Neil Findlay shows how one-note politics is today, says DJ Taylor
Bill Granger recipes: Tenderstem broccoli omelette; Fried eggs with Mexican-style tomato and chilli sauce; Pan-fried cavolo nero with soft-boiled egg

Oeuf quake

Bill Granger's cracking egg recipes
Terry Venables: Wayne Rooney is roaring again and the world knows that England are back

Terry Venables column

Wayne Rooney is roaring again and the world knows that England are back
Michael Calvin: Abject leadership is allowing football’s age-old sores to fester

Abject leadership is allowing football’s age-old sores to fester

Those at the top are allowing the same issues to go unchallenged, says Michael Calvin