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The Business Matrix: Monday 13 May 2013

BP moves staff from Tripoli

Oil giant BP said it is withdrawing some non-essential staff from Libya after the Government warned about deteriorating security in the capital Tripoli. “We are taking some non-Libyan staff out of the office in Tripoli following advice by the Foreign Office,” the spokesman said. Despite concerns by oil firms, Libya has said foreign security will not be allowed at its oil fields.

Labour market is a ‘battleground’

The labour market has become a “battleground” for job seekers, with 45 applicants chasing every low-skilled job and 29 candidates fighting for higher-skilled posts, according to new figures. The Chartered Institute of Personnel and Development’s latest report also warns that 14 per cent of companies won’t employ school-leavers and 11 per cent rule out the long-term unemployed.

What the Sunday papers said

CVC to increase bid for Betfair

Private equity group CVC is set to return with an increased takeover bid for the betting exchange Betfair but at less than the £10 a share which analysts have said is the minimum take-out price. CVC, which also owns Formula 1, first offered 880p a share. That was rejected by Betfair. Any bid may depend on CVC being given full access to Betfair’s books.

Sunday Telegraph

Further job cuts fear at HSBC

HSBC could announce further job cuts on Wednesday as chief executive Stuart Gulliver presses ahead with his planned restructure. Mr Gulliver has already reduced the workforce from 300,000 to 254,000 and is due to give investors an update on the three-year plan he presented in May 2011. It is expected he will raise his cost-cutting target.

Independent on Sunday

Coal industry may need a bail out

Taxpayers may have to bail out what is left of the British coal industry with UK Coal hit by the fire that closed its Daw Mill mine in May, put 600 people out of work and raised questions over pensions for 10,000 former staff. Ministers are trying to convince the Coal Authority, take on some of the Daw Mill liabilities.

Sunday Times

Swann meets former M&S boss

Kate Swann, chief executive of WHSmith, has met former M&S boss Roger Holmes, fuelling speculation that she is considering a move to the under-pressure retailer. Swann steps down from WHSmith in June and M&S chief executive Marc Bolland is under pressure to revive the chain’s flagging clothes sales.

Mail on Sunday

Week ahead

MoD boost for Babcock

Supplying the Ministry of Defence with spare parts has served engineering outsourcer Babcock International well. This year it said its bid pipeline had swollen to £15.5bn, and its final results tomorrow are expected to be strong. Some analysts even think this pipeline is valued too conservatively.

Compass serves up a good year

Serving up lunches for schoolchildren, army officers and strawberries and cream at sporting events such as  Wimbledon has been a good gig for the catering giant Compass. It has had a strong first half of the year and management  guidance for the full year is  also positive.

Tablet boom aids Dixons Retail

Things have been looking sweeter for Dixons Retail for some time. The boom in tablets sales and the demise of rivals such as Comet and Best Buy have helped. Analysts at Numis expect its third-quarter results on Thursday still to be showing the benefits of this before tougher comparisons come into play.

Lawyer publisher has potential

The publisher of The Lawyer and Marketing Week still looks cheap, according to Roddy Davidson, analyst at Westhouse, ahead of its trading update on Friday. He thinks Centaur Media’s underperformance “looks disproportionate, particularly in light of the group’s medium-term earnings and dividend growth potential”.

Career Services

Day In a Page

Ferguson: In the heartlands of America, a descent into madness

A descent into madness in America's heartlands

David Usborne arrived in Ferguson, Missouri to be greeted by a scene more redolent of Gaza and Afghanistan
BBC’s filming of raid at Sir Cliff’s home ‘may be result of corruption’

BBC faces corruption allegation over its Sir Cliff police raid coverage

Reporter’s relationship with police under scrutiny as DG is summoned by MPs to explain extensive live broadcast of swoop on singer’s home
Lauded therapist Harley Mille still in limbo as battle to stay in Britain drags on

Lauded therapist still in limbo as battle to stay in Britain drags on

Australian Harley Miller is as frustrated by court delays as she is with the idiosyncrasies of immigration law
Lewis Fry Richardson's weather forecasts changed the world. But could his predictions of war do the same?

Lewis Fry Richardson's weather forecasts changed the world...

But could his predictions of war do the same?
Kate Bush asks fans not to take photos at her London gigs: 'I want to have contact with the audience, not iPhones'

'I want to have contact with the audience, not iPhones'

Kate Bush asks fans not to take photos at her London gigs
Under-35s have rated gardening in their top five favourite leisure activities, but why?

Young at hort

Under-35s have rated gardening in their top five favourite leisure activities. But why are so many people are swapping sweaty clubs for leafy shrubs?
Tim Vine, winner of the Funniest Joke of the Fringe award: 'making a quip as funny as possible is an art'

Beyond a joke

Tim Vine, winner of the Funniest Joke of the Fringe award, has nigh-on 200 in his act. So how are they conceived?
The late Peter O'Toole shines in 'Katherine of Alexandria' despite illness

The late Peter O'Toole shines in 'Katherine of Alexandria' despite illness

Sadly though, the Lawrence of Arabia star is not around to lend his own critique
Wicken Fen in Cambridgeshire: The joy of camping in a wetland nature reserve and sleeping under the stars

A wild night out

Wicken Fen in Cambridgeshire offers a rare chance to camp in a wetland nature reserve
Comic Sans for Cancer exhibition: It’s the font that’s openly ridiculed for its jaunty style, but figures of fun have their fans

Comic Sans for Cancer exhibition

It’s the font that’s openly ridiculed for its jaunty style, but figures of fun have their fans
Besiktas vs Arsenal: Five things we learnt from the Champions League first-leg tie

Besiktas vs Arsenal

Five things we learnt from the Champions League first-leg tie
Rory McIlroy a smash hit on the US talk show circuit

Rory McIlroy a smash hit on the US talk show circuit

As the Northern Irishman prepares for the Barclays, he finds time to appear on TV in the States, where he’s now such a global superstar that he needs no introduction
Boy racer Max Verstappen stays relaxed over step up to Formula One

Boy racer Max Verstappen stays relaxed over step up to F1

The 16-year-old will become the sport’s youngest-ever driver when he makes his debut for Toro Rosso next season
Fear brings the enemies of Isis together at last

Fear brings the enemies of Isis together at last

But belated attempts to unite will be to no avail if the Sunni caliphate remains strong in Syria, says Patrick Cockburn
Charlie Gilmour: 'I wondered if I would end up killing myself in jail'

Charlie Gilmour: 'I wondered if I'd end up killing myself in jail'

Following last week's report on prison suicides, the former inmate asks how much progress we have made in the 50 years since the abolition of capital punishment