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 May 2014

BG threatens to pull out of Egypt

BG Group has threatened to shut its Egyptian operations amid ongoing political turmoil and unpaid bills. But healthier results from Australia and Brazil helped the oil and gas explorer, which ousted its chief executive Chris Finlayson on Monday, to beat expectations with a 3 per cent fall in quarterly profits to $1.15bn.

Boss of UBS rogue trader is exiled

The immediate boss of UBS rogue trader Kweku Adoboli, who lost the bank £1.4bn, has been banned from working in the City ever again. John Hughes, the most senior trader on UBS’s exchange-traded funds desk at the time, failed to report some of Adoboli’s activities, largely around a fund of profits, known as the Umbrella.

Mortgage lending slows its pace

Mortgage lending cooled in March in the run-up to tougher restrictions on home loans, Bank of England figures suggested, as approvals fell  to 67,135 – the lowest level  since last September. The  Bank has also refocused its Funding for Lending Scheme away from mortgages towards corporate credit.

Schroders boosts assets to £268bn

A strong pound and tension between Ukraine and Russia failed to prevent Schroders boosting its assets to a record £268bn during the first quarter. The fund manager made profits of £118.9m, compared with £115m a year ago, but warned retail demand may fall over the coming months due to economic uncertainty.

Metro expands to 43,000 customers

Metro Bank, the four-year-old bank, gained 43,000 new customers in the first three months of the year, taking the total to 318,000. Its after-tax losses improved slightly from £10.8m in the final quarter of 2013 to £10.6m. Metro has 26 branches and it plans a further eight this year.

Fields steps up as boss at Ford

Ford has confirmed that its chief operating officer Mark Fields will be replacing chief executive Alan Mulally, who retires in July. Mr Mulally, who joined in 2006 from Boeing,  was credited with returning the US carmaker to profitability and steering it through the financial crisis. 

275 pubs sold off by Greene King

Greene King has sold 275 tenanted and leased pubs to Hawthorn Leisure, which has been set up to acquire, invest in and support pubs across the UK. It has entered into a three-year supply agreement with Greene King for the continued supply of its ales to the pubs.

Simply Be owner hits £100m profits

N Brown, the home shopping firm behind Simply Be and Jacamo, said profits rose 5.3 per cent to £100m after a “robust” year in which revenues grew 6.4 per cent to £835m. It is also looking to expand its Simply Be brand in the US, targeting young, plus-sized women.

Go-Ahead set to meet profit mark

Go-Ahead said the business was on course to meet its operating profit target of £100m by 2015/16 for its bus division. The Southeastern trains operator said its underlying revenues rose 4 per cent for its bus business and 9 per cent for rail.

Savills expands its US business

Savills is to buy US commercial real estate firm Studley for £154m to increase its presence in America. New York-based Studley employs around 575 staff and reported a pre-tax profit of £3.6m and revenues of £138m in 2013.

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
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, 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