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

SQL Report Analyst (SSRS, CA, SQL 2012)

£30000 - £38500 Per Annum + 25 days holiday, pension, subsidised restaurant: C...

Application Support Analyst (SQL, Incident Management, SLAs)

£34000 - £37000 Per Annum + excellent benefits: Clearwater People Solutions Lt...

Embedded Software / Firmware Engineer

£40000 - £45000 per annum + Pension, Holiday, Flexi-time: Progressive Recruitm...

Developer - WinForms, C#

£280 - £320 per day: Progressive Recruitment: C#, WinForms, Desktop Developmen...

The Business Matrix: Friday 16 March 2012

Buyers escape to the country

The Home Counties could be about see a rise in demand and prices for family homes as Londoners are tempted out of the capital, according to Savills. London prices have boomed in the past two years in contrast to a virtually stagnant country market, but more buyers are now being tempted outside the capital, the estate agents says.

GSK sells OTC brands to Omega

GlaxoSmithKline is to sell its consumer division to Belgium's Omega Pharma for £391m. The deal covers over-the-counter brands such as the allergy spray Beconase and Nytol sleeping pills. Britain's biggest drug maker sold a portfolio of drugs to the Belgian firm last year – including the painkiller Solpadeine, which made £185m in sales last year.

UBS pays new boss £4.4m

UBS, the Swiss bank which took an alleged £1.5bn rogue-trading hit in London, paid its new chief executive SFr6.35m (£4.37m) last year. Sergio Ermotti, who joined UBS in April, took over as chief executive in September when Oswald Grübel resigned over the alleged rogue trader scandal.

Profits fail to take off at Air Partner

The aviation services group Air Partner has reported a 19 per cent drop in profits to £2.3m in the six months to 31 January. It said an overcapacity in the commercial jet broking sector resulted in lower trading levels and it is cautious about the remainder of the year.

BAE wins £170m vest contract

BAE Systems has won a four-year contract worth up to £170m to make armoured vests for the US Defense Logistics Agency. The manufacturer is a leading provider of body armour, tactical vests, combat helmets and load carrying systems for US soldiers.

Market watchdogs to be merged

The Office of Fair Trading and Competition Commission are to be merged into a new Competition and Markets Authority, the Government announced yesterday. The new competition authority is expected to be up and running in two years' time and will be accompanied by changes to competition legislation.

Oil found off the Irish coast

A commercially viable source of oil has been found off the coast of Ireland for the first time, raising hopes it could finally become an oil producer, netting the government much-needed tax revenue. Providence Resources said yesterday it had discovered a commercially viable oil well at the Barryroe licensing block about 50km off the coast of Cork.

Foreign lending 'slowing recovery'

Britain's recovery has been weak because of the legacy of overseas investments made by our largest banks, according Ben Broadbent, a senior Bank of England policymaker. He blamed the UK's disappointing growth not on excessive borrowing by the public, as sometimes claimed, but foolish foreign lending in the boom.

Premier Farnell remains hopeful

Electronics component distributor Premier Farnell said profits fell 14.3 per cent to £20.3m in the final quarter of its financial year to 29 January, on sales down 1.9 per cent. But it expects growth to return this year, helped as it comes up against easier comparative figures from its second-half.

Domino Printing shareholders rebel

Domino Printing Sciences said more than a fifth of its shareholders voted against a remuneration report at its annual general meeting yesterday, hours after the barcode-printer maker said it was unlikely to see any sales growth this year.

Career Services

Day In a Page

Backhanders, bribery and abuses of power have soared in China as economy surges

Bribery and abuses of power soar in China

The bribery is fuelled by the surge in China's economy but the rules of corruption are subtle and unspoken, finds Evan Osnos, as he learns the dark arts from a master
Commonwealth Games 2014: Highland terriers stole the show at the opening ceremony

Highland terriers steal the show at opening ceremony

Gillian Orr explores why a dog loved by film stars and presidents is finally having its day
German art world rocked as artists use renowned fat sculpture to distil schnapps

Brewing the fat from artwork angers widow of sculptor

Part of Joseph Beuys' 1982 sculpture 'Fettecke' used to distil schnapps
BBC's The Secret History of Our Streets reveals a fascinating window into Britain's past

BBC takes viewers back down memory lane

The Secret History of Our Streets, which returns with three films looking at Scottish streets, is the inverse of Benefits Street - delivering warmth instead of cynicism
Joe, film review: Nicolas Cage delivers an astonishing performance in low budget drama

Nicolas Cage shines in low-budget drama Joe

Cage plays an ex-con in David Gordon Green's independent drama, which has been adapted from a novel by Larry Brown
How to make your own gourmet ice lollies, granitas, slushy cocktails and frozen yoghurt

Make your own ice lollies and frozen yoghurt

Think outside the cool box for this summer's tempting frozen treats
Ford Fiesta is UK's most popular car of all-time, with sales topping 4.1 million since 1976

Fiesta is UK's most popular car of all-time

Sales have topped 4.1 million since 1976. To celebrate this milestone, four Independent writers recall their Fiestas with pride
10 best reed diffusers

Heaven scent: 10 best reed diffusers

Keep your rooms smelling summery and fresh with one of these subtle but distinctive home fragrances that’ll last you months
Commonwealth Games 2014: Female boxers set to compete for first time

Female boxers set to compete at Commonwealth Games for first time

There’s no favourites and with no headguards anything could happen
Five things we’ve learned so far about Manchester United under Louis van Gaal

Five things we’ve learned so far about United under Van Gaal

It’s impossible to avoid the impression that the Dutch manager is playing to the gallery a little
Screwing your way to the top? Good for Lana Del Rey for helping kill that myth

Screwing your way to the top?

Good for Lana Del Rey for helping kill that myth, says Grace Dent
Will the young Britons fighting in Syria be allowed to return home and resume their lives?

Will Britons fighting in Syria be able to resume their lives?

Tony Blair's Terrorism Act 2006 has made it an offence to take part in military action abroad with a "political, ideological, religious or racial motive"
Beyoncé poses as Rosie the Riveter, the wartime poster girl who became a feminist pin-up

Beyoncé poses as Rosie the Riveter

The wartime poster girl became the ultimate American symbol of female empowerment
The quest to find the perfect pair of earphones: Are custom, 3D printed earbuds the solution?

The quest to find the perfect pair of earphones

Earphones don't fit properly, offer mediocre audio quality and can even be painful. So the quest to design the perfect pair is music to Seth Stevenson's ears
US Army's shooting star: Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform

Meet the US Army's shooting star

Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform