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

Account Manager, Spanish, London Bridge

£30,000 + 20K Commssion: Charter Selection: This rapidly expanding organisatio...

Account Manager, Spanish, London Bridge

£30,000 + 20K Commssion: Charter Selection: This rapidly expanding organisatio...

Account Manager, London Bridge

£30,000 + 20K Commssion: Charter Selection: This rapidly expanding organisatio...

Electrical Technician

competitive: Progressive Recruitment: Urgent requirement for Electrical Techni...

The Business Matrix: Friday 24 May 2013

Samsung's new Galaxy sets record

Samsung's new Galaxy S4 smartphone has become its fastest-selling phone, at a rate of one every four seconds. Samsung said it has sold 10 million of the latest Galaxy S handsets in its first month. But the Galaxy S4's record launch sales still do not rival the iPhone, which sold 5 million of its iPhone 5 in its launch weekend alone.

Young's raises a glass to profits

Pub group Young's saw sales jump 8.2 per cent to £193.7m, with strong like-for-like managed house growth across both the Young's and Geronimo chains. Profit increased 10.6 per cent to £28.9m, allowing for a increase in the dividend for the 16th year running. The group is even planning "Mum and toddler" and yoga sessions.

Big pay deals as Tesco bosses quit

The chief executive of Tesco's failed US business walked off with nearly £3m last year, despite Fresh & Easy savaging the supermarket giant's bottom line. Alongside the payoff for Tim Mason, Tesco paid its former UK chief executive Richard Brasher £1.3m over the year, despite him leaving in July.

JP Morgan is hit with £3m fine

The Financial Conduct Authority has slapped a £3m fine on JPMorgan's wealth management arm. The punishment from the FCA – the replacement for the Financial Services Authority – was for "systems and controls failings" which "persisted for two years".

Big firms 'should come clean'

Big companies should disclose how much tax they pay in each country where they operate, Europe's top regulator said. Michel Barnier said rules already applied to banks and should be extended to other firms in the row over tax avoidance.

Profits up at Daily Telegraph owner

The owner of the Daily Telegraph saw pre-tax profits climb 5 per cent to £57.2m last year as falling newsprint costs offset a decline in turnover. Telegraph Media Group said sales dropped 1 per cent to £327.5m. Print advertising and circulation both fell but growth in digital and other consumer revenues "mitigated this decline".

MailOnline hits 10m visitors a day

MailOnline has clocked up 10 million daily unique visitors for the first time, helped by coverage of yesterday's Woolwich terror attack, as digital growth boosts profits at parent company Daily Mail and General Trust. Pre-tax profits almost tripled to £96.9m. Underlying profits before exceptionals were still up 30 per cent.

Pearson boss to go in board shake-up

Pearson's North America education boss Will Ethridge will step down as part of a board shake-up. John Fallon, the new chief executive, is reorganising the management, with six department heads overseeing three global lines of business – school, higher education and professional – and three regions.

Mothercare cuts losses at UK stores

Mothercare said its UK turnaround plan remains "on track" after it cut losses at its domestic business, despite falling sales at the baby equipment and clothing supplier. UK losses fell £3m to £21.7m over the year to 30 March. International profits rose 20 per cent to £42m.

Volvo eyes selling off American unit

Volvo, the world's second-largest truck maker, is exploring the sale of its North American construction-equipment rental business, according to Reuters. The division, known as Volvo Rents, may be worth up to $1.5bn or nearly £1bn.

Career Services

Day In a Page

The children were playing in the street with toy guns. The air strikes were tragically real

The air strikes were tragically real

The children were playing in the street with toy guns
Boozy, ignorant, intolerant, but very polite – The British, as others see us

Britain as others see us

Boozy, ignorant, intolerant, but very polite
Countries that don’t survey their tigers risk losing them altogether

Countries that don’t survey their tigers risk losing them

Jonathon Porritt sounds the alarm
How did our legends really begin?

How did our legends really begin?

Applying the theory of evolution to the world's many mythologies
Watch out: Lambrusco is back on the menu

Lambrusco is back on the menu

Naff Seventies corner-shop staple is this year's Aperol Spritz
A new Russian revolution: Cracks start to appear in Putin’s Kremlin power bloc

A new Russian revolution

Cracks start to appear in Putin’s Kremlin power bloc
Eugene de Kock: Apartheid’s sadistic killer that his country cannot forgive

Apartheid’s sadistic killer that his country cannot forgive

The debate rages in South Africa over whether Eugene de Kock should ever be released from jail
Standing my ground: If sitting is bad for your health, what happens when you stay on your feet for a whole month?

Standing my ground

If sitting is bad for your health, what happens when you stay on your feet for a whole month?
Commonwealth Games 2014: Dai Greene prays for chance to rebuild after injury agony

Greene prays for chance to rebuild after injury agony

Welsh hurdler was World, European and Commonwealth champion, but then the injuries crept in
Israel-Gaza conflict: Secret report helps Israelis to hide facts

Patrick Cockburn: Secret report helps Israel to hide facts

The slickness of Israel's spokesmen is rooted in directions set down by pollster Frank Luntz
The man who dared to go on holiday

The man who dared to go on holiday

New York's mayor has taken a vacation - in a nation that has still to enforce paid leave, it caused quite a stir, reports Rupert Cornwell
Best comedians: How the professionals go about their funny business, from Sarah Millican to Marcus Brigstocke

Best comedians: How the professionals go about their funny business

For all those wanting to know how stand-ups keep standing, here are some of the best moments
The Guest List 2014: Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks

The Guest List 2014

Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks
Jokes on Hollywood: 'With comedy film audiences shrinking, it’s time to move on'

Jokes on Hollywood

With comedy film audiences shrinking, it’s time to move on