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

Business Analyst Consultant (Financial Services)

£60000 - £75000 per annum: Harrington Starr: Business Analyst Consultant (Fina...

Systems Administrator - Linux / Unix / Windows / TCP/IP / SAN

£60000 per annum: Harrington Starr: A leading provider in investment managemen...

AVS, JVS Openlink Endur Developer

£600 - £700 per day: Harrington Starr: AVS, JVS Openlink Endur Developer JVS, ...

E-Commerce Developer

£45000 - £60000 per annum + competitive: Progressive Recruitment: Exciting opp...

The Business Matrix: Friday 8 June 2012

Interest rate cut for slowing China

China's economic policymakers gave their counterparts in Europe and the UK a lesson in decisiveness yesterday as they caught markets by surprise with a 25 basis point cut in interest rates. China began to raise rates in October 2010 to cool a construction bubble. But recently the economy has shown signs of slowing.

Clinton Cards deal saves 4,500 jobs

Clinton Cards has been rescued out of administration by American Greetings, saving 4,500 jobs at the UK card retailer. American Greetings, a supplier to Clinton and its biggest creditor, acquired its £35m debt. It has now acquired the brand, assets and 397 of Clinton's stores but more than 350 shops have already closed.

Tullow strikes it rich off Africa

The FTSE 100 oil explorer Tullow Oil has struck oil in deep waters off the Ivory Coast. Shares in the Africa-focused company rose 2 per cent to 1,468p as it said its Paon-1X exploration well found "good-quality, light oil", fuelling hopes it will make more discoveries in the waters west of its key Jubilee field in Ghana.

Samsung to upset the apple cart

Samsung Electronics has promised to oppose vigorously Apple's move to block sales of the Galaxy S III smartphone in the US. It insists its latest smartphone will be launched in the US as scheduled on 21 June. Its statement comes after Apple asked a district court to ban sales of the S III in the US, claiming Samsung violated Apple's patents.

Average share values down 40%

The dire state of the London share market was exposed yesterday as the London Stock Exchange revealed that the average value of UK shares traded on its electronic order last month was almost 40 per cent down on two years ago. In May, the average value of shares traded on its UK order book was £4.3bn.

Demand a catalyst for rise at Johnson

Soaring demand for so-called heavy-duty diesel catalysts for lorries and buses pushed up annual profits at Johnson Matthey. The results prompted the world's largest maker of catalytic converters to promise to pay out an extra £212m to its shareholders by a special 100p-a-share dividend.

Betfair wins Spanish licence

The online betting exchange Betfair has become the latest company to say that it has won a licence to operate in Spain under the country's new internet gambling regulations. Betfair said it will start a sportsbook and a variety of casino sites including blackjack and roulette.

Jessops snaps up 3% sales growth

The camera retailer Jessops said sales in 2011 grew by 3 per cent to £237m, with like-for-like sales up 1.3 per cent compared with a 7 per cent decline in the digital camera market. The 200-strong chain, which lifted annual earnings to £5.7m, will refurbish 25 stores this year.

Glass of good cheer for Amber

Amber Taverns, which has 77 community pubs in the North of England, is back in the black after a profit of £3.2m in the year to 29 January. Revenues rose by 37 per cent to £25.4m as Amber said it would add 12-14 pubs this year.

Centrica extends stay with Statoil

British Gas owner Centrica's agreement with Statoil to collaborate on gas-focused exploration activities in Norway and the UK has been extended to June 2013. Last year, Centrica signed a £13bn, 10-year supply agreement with Statoil.

Career Services

Day In a Page

A History of the First World War in 100 Moments: Peace without magnanimity - the summit in a railway siding that ended the fighting

A History of the First World War in 100 Moments

Peace without magnanimity - the summit in a railway siding that ended the fighting
Scottish independence: How the Commonwealth Games could swing the vote

Scottish independence: How the Commonwealth Games could swing the vote

In the final part of our series, Chris Green arrives in Glasgow - a host city struggling to keep the politics out of its celebration of sport
Out in the cold: A writer spends a night on the streets and hears the stories of the homeless

A writer spends a night on the streets

Rough sleepers - the homeless, the destitute and the drunk - exist in every city. Will Nicoll meets those whose luck has run out
Striking new stations, high-speed links and (whisper it) better services - the UK's railways are entering a new golden age

UK's railways are entering a new golden age

New stations are opening across the country and our railways appear to be entering an era not seen in Britain since the early 1950s
Conchita Wurst becomes a 'bride' on the Paris catwalk - and proves there is life after Eurovision

Conchita becomes a 'bride' on Paris catwalk

Alexander Fury salutes the Eurovision Song Contest winner's latest triumph
Pétanque World Championship in Marseilles hit by

Pétanque 'world cup' hit by death threats

This year's most acrimonious sporting event took place in France, not Brazil. How did pétanque get so passionate?
Whelks are healthy, versatile and sustainable - so why did we stop eating them in the UK?

Why did we stop eating whelks?

Whelks were the Victorian equivalent of the donor kebab and our stocks are abundant. So why do we now export them all to the Far East?
10 best women's sunglasses

In the shade: 10 best women's sunglasses

From luxury bespoke eyewear to fun festival sunnies, we round up the shades to be seen in this summer
Germany vs Argentina World Cup 2014: Lionel Messi? Javier Mascherano is key for Argentina...

World Cup final: Messi? Mascherano is key for Argentina...

No 10 is always centre of attention but Barça team-mate is just as crucial to finalists’ hopes
Siobhan-Marie O’Connor: Swimmer knows she needs Glasgow joy on road to Rio

Siobhan-Marie O’Connor: Swimmer needs Glasgow joy on road to Rio

18-year-old says this month’s Commonwealth Games are a key staging post in her career before time slips away
The true Gaza back-story that the Israelis aren’t telling this week

The true Gaza back-story that the Israelis aren’t telling this week

A future Palestine state will have no borders and be an enclave within Israel, surrounded on all sides by Israeli-held territory, says Robert Fisk
A History of the First World War in 100 Moments: The German people demand an end to the fighting

A History of the First World War in 100 Moments

The German people demand an end to the fighting
New play by Oscar Wilde's grandson reveals what the Irish wit said at his trials

New play reveals what Oscar Wilde said at trials

For a century, what Wilde actually said at his trials was a mystery. But the recent discovery of shorthand notes changed that. Now his grandson Merlin Holland has turned them into a play
Can scientists save the world's sea life from

Can scientists save our sea life?

By the end of the century, the only living things left in our oceans could be plankton and jellyfish. Alex Renton meets the scientists who are trying to turn the tide
Richard III, Trafalgar Studios, review: Martin Freeman gives highly intelligent performance

Richard III review

Martin Freeman’s psychotic monarch is big on mockery but wanting in malice