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

Recruitment Genius: Junior Web Designer - Client Liaison

£6 per hour: Recruitment Genius: This is an exciting opportunity to join a gro...

Recruitment Genius: Service Delivery Manager

Negotiable: Recruitment Genius: A Service Delivery Manager is required to join...

Recruitment Genius: Massage Therapist / Sports Therapist

£12000 - £24000 per annum: Recruitment Genius: A opportunity has arisen for a ...

Ashdown Group: Practice Accountant - Bournemouth - £38,000

£32000 - £38000 per annum: Ashdown Group: A successful accountancy practice in...

The Business Matrix: Friday 2 August 2013

Profits surge and value falls at Intu

Intu Properties – the owner of some of the UK’s largest shopping centres, including the Trafford Centre in Manchester – said profits surged to £200m from £78m a year ago. But the group, formerly known as Capital Shopping Centres, saw its net asset value per share, which is a key measure of performance, fall to 377p from 392p.

America shows fresh momentum

The US economy grew far more quickly than expected between April and June, expanding at an annual pace of 1.7 per cent, official figures showed. ING Bank’s James Knightley said data “suggests that the US economy has a bit of momentum”. Revisions to previous data showed the US expanding at an improved rate of 2.8 per cent in 2012.

Theft and rising costs hurt Shell

Rising costs, oil theft in Nigeria and weak US shale liquids production have hurt profits at Royal Dutch Shell RDSa.L, adding both to upward spending and to uncertainty on output.These pressures prompted outgoing chief executive Peter Voser to abandon the company’s target to deliver 4 million barrels a day of production by 2017.

Portmeirion hit by dumping tariff

Portmeirion’s first-half profits dropped 38 per cent to £900,000 after the British pottery firm was hit by the new anti-dumping tariffs on ceramics from China. Although Portmeirion makes much of its china in the UK, it imports cheaper lines from the Far East. Sales rose 4 per cent to £23.8m and the dividend is up 11 per cent.

Trinity Mirror struggles online

Trinity Mirror has suffered an 8 per cent drop in digital revenues in the past six months, underlining the problems the Daily Mirror group owner faces in offsetting falling sales. Online recruitment advertising slumped; chief executive Simon Fox blamed a “wrong decision” to close regional sales offices.

Rathbone zigzags with stock values

Wealth and fund manager Rathbone Brothers saw its profits rise by 17 per cent in the first half of the year to £23.2m as stock markets climbed steadily until May. But June’s sell-off saw its total assets under management end the half at £19.9bn, before moving back above the £20bn mark.

ArcelorMittal cuts yearly forecasts

ArcelorMittal, the steelmaker controlled by billionaire Lakshmi Mittal, yesterday cut its 2013 forecasts because of lower metal prices. It said 2013 earnings were likely to be about $6.5bn (£4.3bn) – lower than previous City forecasts of more than $7.5bn.

Help To Buy will help Countrywide

The UK’s biggest estate agent, Countrywide, has seen 35 per cent rise in underlying earnings to £26.4m in the first half. Further growth is expected with the expansion of the Government’s Help to Buy scheme which the firm says should lead to “increased activity.”

RSA reports UK turnaround

More Than parent RSA Insurance posted a 14 per cent rise in pre-tax profits to £250m in the first half of 2013 and said it was seeing a turnaround in the performance of its UK business. Group net premiums rose to £4.7bn from £4.3bn in 2012.

‘Subdued’ trading affects Aggreko

Temporary power provider Aggreko posted a 2 per cent fall in pre-tax profits to £146m for the six months to June despite a 4 per cent rise in revenues to £760m. The firm said profits here hit by “subdued” trading in its power projects arm.

Latest stories from i100
Career Services

Day In a Page

Election 2015: How many of the Government's coalition agreement promises have been kept?

Promises, promises

But how many coalition agreement pledges have been kept?
The Gaza fisherman who built his own reef - and was shot dead there by an Israeli gunboat

The death of a Gaza fisherman

He built his own reef, and was fatally shot there by an Israeli gunboat
Saudi Arabia's airstrikes in Yemen are fuelling the Gulf's fire

Saudi airstrikes are fuelling the Gulf's fire

Arab intervention in Yemen risks entrenching Sunni-Shia divide and handing a victory to Isis, says Patrick Cockburn
Zayn Malik's departure from One Direction shows the perils of fame in the age of social media

The only direction Zayn could go

We wince at the anguish of One Direction's fans, but Malik's departure shows the perils of fame in the age of social media
Young Magician of the Year 2015: Meet the schoolgirl from Newcastle who has her heart set on being the competition's first female winner

Spells like teen spirit

A 16-year-old from Newcastle has set her heart on being the first female to win Young Magician of the Year. Jonathan Owen meets her
Jonathan Anderson: If fashion is a cycle, this young man knows just how to ride it

If fashion is a cycle, this young man knows just how to ride it

British designer Jonathan Anderson is putting his stamp on venerable house Loewe
Number plates scheme could provide a licence to offend in the land of the free

Licence to offend in the land of the free

Cash-strapped states have hit on a way of making money out of drivers that may be in collision with the First Amendment, says Rupert Cornwell
From farm to fork: Meet the Cornish fishermen, vegetable-growers and butchers causing a stir in London's top restaurants

From farm to fork in Cornwall

One man is bringing together Cornwall's most accomplished growers, fishermen and butchers with London's best chefs to put the finest, freshest produce on the plates of some of the country’s best restaurants
Robert Parker interview: The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes

Robert Parker interview

The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes
Don't believe the stereotype - or should you?

Don't believe the stereotype - or should you?

We exaggerate regional traits and turn them into jokes - and those on the receiving end are in on it too, says DJ Taylor
How to make your own Easter egg: Willie Harcourt-Cooze shares his chocolate recipes

How to make your own Easter egg

Willie Harcourt-Cooze talks about his love affair with 'cacao' - and creates an Easter egg especially for The Independent on Sunday
Bill Granger recipes: Our chef declares barbecue season open with his twist on a tradtional Easter Sunday lamb lunch

Bill Granger's twist on Easter Sunday lunch

Next weekend, our chef plans to return to his Aussie roots by firing up the barbecue
Joe Marler: 'It's the way I think the game should be played'

Joe Marler: 'It's the way I think the game should be played'

The England prop relives the highs and lows of last Saturday's remarkable afternoon of Six Nations rugby
Cricket World Cup 2015: Has the success of the tournament spelt the end for Test matches?

Cricket World Cup 2015

Has the success of the tournament spelt the end for Test matches?
The Last Word: Justin Gatlin knows the price of everything, the value of nothing

Michael Calvin's Last Word

Justin Gatlin knows the price of everything, the value of nothing