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

Guru Careers: Software Developer / C# Developer

£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...

Guru Careers: Software Developer

£35 - 40k + Benefits: Guru Careers: We are seeking a Software Developer (JavaS...

SThree: Trainee Recruitment Consultant / Resourcer

£18000 - £23000 per annum + Commission: SThree: As a Trainee Recruitment Consu...

Ashdown Group: UI Developer - (UI, HTML, CSS, JavaScript, AngularJS)

£25000 - £40000 per annum: Ashdown Group: UI Developer - (UI, JavaScript, HTML...

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

Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine
Letterman's final Late Show: Laughter, but no tears, as David takes his bow after 33 years

Laughter, but no tears, as Letterman takes his bow after 33 years

Veteran talkshow host steps down to plaudits from four presidents
Ivor Novello Awards 2015: Hozier wins with anti-Catholic song 'Take Me To Church' as John Whittingdale leads praise for Black Sabbath

Hozier's 'blasphemous' song takes Novello award

Singer joins Ed Sheeran and Clean Bandit in celebration of the best in British and Irish music
Tequila gold rush: The spirit has gone from a cheap shot to a multi-billion pound product

Join the tequila gold rush

The spirit has gone from a cheap shot to a multi-billion pound product
12 best statement wallpapers

12 best statement wallpapers

Make an impact and transform a room with a conversation-starting pattern
Paul Scholes column: Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?

Paul Scholes column

Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?