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

Recruitment Genius: Senior Digital Marketing Consultant

£28000 - £45000 per annum: Recruitment Genius: A Senior Digital Marketing Cons...

Recruitment Genius: Assistant Stores Keeper

£16640 - £18500 per annum: Recruitment Genius: An Assistant Stores Keeper is r...

Recruitment Genius: Claims Administrator

£16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...

Recruitment Genius: Software Developer - C# / ASP.NET / SQL

£17000 - £30000 per annum: Recruitment Genius: Developer required to join a bu...

The Business Matrix: Friday 8 April 2011

US court rejects Skilling’s appeal

Jeff Skilling the former boss of the collapsed energy giant Enron, has failed to overturn his criminal conviction after a US court ruled that any errors in his trial were “harmless”. He was sentenced to 24 years in 2006 on 19 counts, including fraud.

Ski resort founder faces bankruptcy

Tim Blixseth who founded an ultra-exclusive US ski resort for millionaires, the Yellowstone Club, could be forced into bankruptcy after three US states claimed he owed $2.3m in tax. The former billionaire said the charges were “politically motivated”.

Houston is named as Bahamas CEO

Cable & Wireless Communications has named Geoff Houston as chief executive of Bahamas Telecommunications after it bought a 51 per cent stake in the firm from the government. Mr Houston previously headed its Jamaican and Seychelles operations.

Transocean bosses donate bonus cash

Directors of the offshore oil drilling giant Transocean, including chief executive Steven Newman are to donate safety bonuses to the Deepwater Horizon memorial fund. News that it had given handouts for its “best year in safety performance” drew sharp criticism last week.

Landlords say the future is bright

Landlords across England have an optimistic view on the rental market, in spite of predicted interest rate rises, insurer Endsleigh said. The company’s survey of more than 500 landlords across the UK found that, while 85 per cent expect to see the base rate go up, only 7 per cent will increase their rents as a result.

Aer Lingus suffers 8% drop in sales

Aer Lingus reported an 8 per cent fall in passenger numbers last month to 716,000. The Dublin-based airline, which is listed on the London Stock Exchange, said the year-on-year comparison was hit by the timing of Easter.

US seeks tax data from HSBC India

The US is demanding that HSBC reveal the names of Americans who have opened secret accounts with the bank in India, in a widening investigation into tax evasion. HSBC said it had not seen the summons, but it “fully supports the US efforts to promote appropriate payments by US taxpayers”. US prosecutors employed the same strategy in a case against UBS that saw the Swiss bank reveal details of 4,000 US clients’ accounts.

Cineworld reveals Spanish takeover

The cinema operator Cineworld has unveiled its first overseas expansion after agreeing to buy Spain’s fifth-biggest movie chain. Cineworld, which has 78 sites in the UK, is to buy Cinesur Circuito Sanchez-Ramade for an undisclosed sum. Cineworld believes Cinesur, which has 136 screens in its 11 multiplex sites, has the potential to expand because the Spanish market is largely serviced by smaller cinema operators.

Inflation fears prompt ECB rise

The European Central Bank has raised interest rates for the first time since the 2008 financial crisis and signalled it was ready to tighten policy further if needed to check rising prices. Jean-Claude Trichet, the ECB president, said its policy “remained accommodative”, a phrasing traditionally seen as associated with further rises, as the bank increased rates to 1.25 per cent. MORE

Minimum wage to increase to £6.08

The minimum wage for adults will increase by 15p an hour, benefiting almost a million workers, the Government said yesterday. Ministers said they had accepted recommendations from the Low Pay Commission, taking the adult rate to £6.08 an hour in October, while the statutory minimum for 18- to 20-year-olds will increase by 6p to £4.98 an hour. The rate for apprentices will go up by 10p to £2.60 an hour.

70 casino staff lose jobs after closures

Workers at three casinos face losing their jobs after being told that the clubs are to close. Unions said 70 staff at Genting Casino sites in Manchester, Leicester and Great Yarmouth have been told of the closures, though some will have the chance to redeploy. Genting Casinos is a subsidiary of the Malaysian multinational of the same name.

Bwin warns over German tax plan has warned that restrictions proposed by Germany would destroy competition. The firm’s shares fell 15 per cent on news that German states are mulling a 16.7 per cent sports betting tax. About a quarter of turnover at, formed from the merger of Bwin and PartyPoker, comes from Germany.

Costain buys ClerkMaxwell

The construction group Costain has acquired 75 per cent of oil and gas engineering consultancy ClerkMaxwell. Costain said it has the potential to acquire 100 per cent of the Aberdeen-based company by the end of May for a total £3.2m. ClerkMaxwell’s clients include BG, Chevron, GDF Suez, Talisman and ConocoPhillips.

Balfour Beatty buys Power Efficiency

A subsidiary of Balfour Beatty, the infrastructure group, has bought the energy consultant Power Efficiency for £18m. Balfour Beatty WorkPlace said Power Efficiency, which is an employee-owned firm based in Kent, offers advice to the energy-management market, including how to reduce carbon output.

Latest stories from i100
Career Services

Day In a Page

Fishing for votes with Nigel Farage: The Ukip leader shows how he can work an audience as he casts his line to the disaffected of Grimsby

Fishing is on Nigel Farage's mind

Ukip leader casts a line to the disaffected
Who is bombing whom in the Middle East? It's amazing they don't all hit each other

Who is bombing whom in the Middle East?

Robert Fisk untangles the countries and factions
China's influence on fashion: At the top of the game both creatively and commercially

China's influence on fashion

At the top of the game both creatively and commercially
Lord O’Donnell: Former cabinet secretary on the election and life away from the levers of power

The man known as GOD has a reputation for getting the job done

Lord O'Donnell's three principles of rule
Rainbow shades: It's all bright on the night

Rainbow shades

It's all bright on the night
'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power
Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

The price to be paid for challenging the rule of extremists

A revolution now 'consuming its own children'
Welcome to the world of Megagames

Welcome to the world of Megagames

300 players take part in Watch the Skies! board game in London
'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

Charlotte Gainsbourg on 'Nymphomaniac'

Starring in one of the most explicit films ever
Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

Robert Fisk in Abu Dhabi

The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

Vince Cable exclusive interview

Charging fees for employment tribunals was 'a very bad move'
Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

Iwan Rheon is returning to his Welsh roots

Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
Russell Brand's interview with Ed Miliband has got everyone talking about The Trews

Everyone is talking about The Trews

Russell Brand's 'true news' videos attract millions of viewers. But today's 'Milibrand' interview introduced his resolutely amateurish style to a whole new crowd
Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

It's time for my close-up

Meet the man who films great whites for a living