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: Monday 12 December 2011

 

Christmas boost for John Lewis

Sales at the employee-owned department store group John Lewis rose by 2 per cent last week, as customers streamed in to buy Christmas gifts and winter clothes. The group, which is seen as a bell-wether for the retail sector, said department store sales rose to £123.5m in the week to 10 December, equating to a gross rise of 2 per cent.

Decision nears on Lloyds branches

Lloyds is in the final stages of reviewing offers from NBNK and the Co-op for around 630 of its branches. The bank is expected to hold a board meeting on Thursday to discuss a final decision over the sell-off. Lloyds has been forced to offload the branches by European regulators to compensate for government aid during the credit crisis.

Emerging-market boost for KPMG

The accountancy firm KPMG pulled ahead of its peers with more than 10 per cent revenue growth in the year to the end of September. It saw growth across all its business areas, and was boosted by its operations in emerging economies such as India and China. India grew at 25 per cent, while China saw 12.9 per cent revenue growth.

Italian bank body warns over EBA

The head of the Italian Banking Association (ABI) has threatened to sue the European Banking Authority (EBA) over rules obliging Italian lenders to meet a capital shortfall set at €15.37bn. "ABI will follow every path possible, including the legal one, to oppose the EBA's decision," Giuseppe Mussari told a banking conference in Rome.

Ireland may have to revisit pay deal

Ireland may have to renege on a deal not to cut public-sector wages as it faces up to slowing growth and the impact of the eurozone debt crisis, the country's Energy minister, Pat Rabbitte, warned yesterday. He said the government may have to "sit down and talk to the unions about renegotiating" the deal.

Stark warns on bigger IMF role

The outgoing chief economist of the European Central Bank, Juergen Stark, has warned in a German press interview that greater involvement by the Washington-based International Monetary Fund in the eurozone's efforts to solve its sovereign debt crisis would be an "act of desperation".

Whitbread

Its interim figures back in October came in ahead of the Square Mile's forecasts, so Whitbread will be hoping it can repeat the feat with its trading update tomorrow. However, Panmure Gordon's James Cooke warns the FTSE 100-listed leisure giant is likely to have seen "volatile" sales thanks to the recent unseasonably warm weather.

IG Group

The spreadbetter IG Group releases its half-year trading statement tomorrow, barely a fortnight since its last update. It pleased investors then by saying it was still enjoying a high level of client activity and announced it expected its revenues for the period to be above £193m. Since then, its share price has added more than 8 per cent.

Thomas Cook

Thomas Cook announces its delayed results on Wednesday in what is the troubled tour operator's last week on the FTSE 250 index before it becomes a small-cap stock. The figures are not likely to be cheery considering its recent admission that bookings had fallen 30 per cent since the news it needed more cash.

Wood Group

Wood Group announces a pre-close trading statement on Thursday, although – according to UBS – the energy services group will reveal few changes to trading trends since its last update in October. The broker expects "activity levels in the engineering business to remain strong" and predicts higher margins for the full year.

Latest stories from i100
Career Services

Day In a Page

'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
Increasing numbers of homeless people in America keep their mobile phones on the streets

Homeless people keep mobile phones

A homeless person with a smartphone is a common sight in the US. And that's creating a network where the 'hobo' community can share information - and fight stigma - like never before
'Queer saint' Peter Watson left his mark on British culture by bankrolling artworld giants

'Queer saint' who bankrolled artworld giants

British culture owes a huge debt to Peter Watson, says Michael Prodger
Pushkin Prizes: Unusual exchange programme aims to bring countries together through culture

Pushkin Prizes brings countries together

Ten Scottish schoolchildren and their Russian peers attended a creative writing workshop in the Highlands this week
14 best kids' hoodies

14 best kids' hoodies

Don't get caught out by that wind on the beach. Zip them up in a lightweight top to see them through summer to autumn
Robert Fisk in Abu Dhabi: The acceptable face of the Emirates

The acceptable face of the Emirates

Has Abu Dhabi found a way to blend petrodollars with principles, asks Robert Fisk