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

Recruitment Genius: Sales Executives - OTE £60,000

£25000 - £60000 per annum: Recruitment Genius: Are you passionate about Custom...

Recruitment Genius: Care Workers Required - The London Borough of Bromley

£15000 per annum: Recruitment Genius: This homecare agency is based in Beckenh...

Recruitment Genius: Sales Executives - OTE £50,000

£25000 - £50000 per annum: Recruitment Genius: Are you passionate about Custom...

Recruitment Genius: Sales Executives - OTE £50,000

£25000 - £50000 per annum: Recruitment Genius: Are you passionate about Custom...

The Business Matrix: Friday 6 June 2014

UK sales continue to race ahead

The British car industry has seen its longest period of growth, with sales rising for 27 months in a row, the Society of Motor Manufacturers and Traders said. The industry – aided by economic recovery and improved financing conditions for buyers – enjoyed its best May since 2004, with sales 7.7 per cent ahead of a year earlier.

Bellway builds on rising demand

Bellway is on track to build 20 per cent more homes this year as it steps up work to meet buoyant demand. The firm said it had taken an average of 177 sales reservations a week since February, 11 per cent more than at than the same time last year. Bellway expects completed sales to rise by “about 20 per cent” in the year to 31 July.

Bolland’s salary is pegged at M&S

Marc Bolland’s salary as chief executive of Marks & Spencer has been pegged for a fourth year in a row and he received no bonus as he attempted to turn around the high-street retailer’s performance. M&S’s annual report showed he earned a basic £975,000 salary and total pay of £1.6m as the entire executive team waived their bonuses.

Revenues up 12% at Harvey Nash

Demand for full-time workers in the US, UK and Hong Kong has improved profits at Harvey Nash. The recruitment agency said its like-for-like revenues rose by 12 per cent in the three months to 4 June, while its operating profits were 12 per cent higher than in 2013. It said the US offshore market had been particularly buoyant.

AO into the red as share price falls

Shares in AO World fell further below their stock market flotation price yesterday as the online white goods retailer swung into the red. The stock fell by 4.5 per cent to 249.5p, below the 285p at which the shares were offered in February. They had risen as high as 380p but have since dropped.

Smith & Nephew is given a leg-up

Shares in Smith & Nephew surged again as the City geared up for a bidding war for the FTSE 100-listed maker of artificial knee and hips. The US medical-device specialist Medtronic is understood to be considering an approach for the British company, whose share price rose to 1,090p yesterday.

Spirits are low at Rémy Cointreau

A crackdown on corporate gift-giving by Chinese officials has hit the earnings of the cognac brand Rémy Cointreau. The French company said yesterday that operating profit had fallen by almost 40 per cent plunge as Beijing gets tough on corruption and corruption and bribery.

King’s salary cut by 10% to £4m

Sainsbury’s handed its outgoing chief executive Justin King a pay package of £3.95m, nearly 10 per cent less than last year. The details emerged a month after it disclosed that Mr King sold £1m of shares in the company less than two months before he was due to depart.

GM fires 15 staff over fatal defect

General Motors suffered from “incompetence and neglect” dealing with an ignition-switch defect linked to 13 deaths, chief executive Mary Barra said. The US car-maker said 15 employees found to have “acted inappropriately” had been fired.

Alitalia expected to back Etihad deal

Alitalia is expected to approve a tie-up with Etihad Airways in a last-ditch attempt to save the Italian carrier. Alitalia has made a profit only a few times in its 68-year history and received numerous state handouts before being privatised in 2008.

Latest stories from i100
Career Services

Day In a Page

Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Could cannabis oil reverse the effects of cancer?

Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
The Interview movie review: You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here

The Interview movie review

You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here
Serial mania has propelled podcasts into the cultural mainstream

How podcasts became mainstream

People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
Jesus Christ has become an unlikely pin-up for hipster marketing companies

Jesus Christ has become an unlikely pin-up

Kevin Lee Light, aka "Jesus", is the newest client of creative agency Mother while rival agency Anomaly has launched Sexy Jesus, depicting the Messiah in a series of Athena-style poses
Rosetta space mission voted most important scientific breakthrough of 2014

A memorable year for science – if not for mice

The most important scientific breakthroughs of 2014
Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
5 best activity trackers

Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

It's a little-known fact, but I have played one of the seven dwarves
Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

Club World Cup kicked into the long grass by the continued farce surrounding Blatter, Garcia, Russia and Qatar
Frank Warren column: 2014 – boxing is back and winning new fans

Frank Warren: Boxing is back and winning new fans

2014 proves it's now one of sport's biggest hitters again
Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas