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

Sheridan Maine: Accounts Assistant

£25,000 - £30,000: Sheridan Maine: Are you looking for a fantastic opportunity...

Neil Pavier: Commercial Analyst

£50,000 - £55,000: Neil Pavier: Are you a professionally qualified commercial ...

Loren Hughes: Financial Accountant

£45,000 - £55,000: Loren Hughes: Are you looking for a new opportunity that wi...

Ashdown Group: IT Support Engineer - Professional Services Firm - Oxford

£21000 - £24000 per annum + 21 days holidays: Ashdown Group: Technical Support...

The Business Matrix: Monday 20 May 2013

Shopping centres hit by vacancies

Shop vacancies have surged to a new high of 11.9 per cent as retail failures such as Comet knock holes in shopping centres. The percentage of empty UK shops in April worsened from 10.9 per cent in January and was the highest rate since the British Retail Consortium/Springboard survey began in 2011. High streets have been “vastly outperforming” shopping centres.

Spanish savers shun Bankia plan 

Many duped savers at the Spanish lender Bankia are shunning a state-supervised compensation scheme in favour of expensive lawsuits. Spain set up the scheme to try to end daily protests by some of Bankia’s debt holders – many  of whom are elderly savers  who say they were mis-sold complex debt products as safe, high-interest deposit accounts.

What the Sunday papers said

SSE profits to soar after price hike

The big energy producer SSE is braced for accusations of profiteering when it unveils its annual results this week. The energy giant, formerly known as Scottish & Southern Energy, is expected to unveil a 30 per cent jump in profits on Wednesday at its retail division, where it put up oil and gas tariffs by 9 per cent last October.

The Independent on Sunday

Sir Roger Carr set to chair BAE

The outgoing president of the CBI business lobby group is the frontrunner to replace Sir Dick Olver as the chairman of BAE Systems. Sir Roger Carr, who has also chaired the British Gas owner Centrica and the chocolate group Cadbury’s while it was being taken over by Kraft Foods, is expected to be formally appointed within weeks.

The Sunday Telegraph

Gains move Royal Mail closer to float

Royal Mail is expected to unveil underlying profits between £300m and £400m this week, paving the way for its £3bn privatisation later this year. The operating profits, boosted by deliveries of online shopping, could be double last year’s £211m. The Government is hoping to list Royal Mail on the London Stock Exchange.

The Sunday Times

Consortium looks to raise water bid

A group of investors led by a Canadian pension fund is preparing to raise its offer for the water group Severn Trent. The consortium, which includes the UK’s Universities Superannuation Scheme as well as Kuwait’s Investment Office and Canada’s Borealis Infrastructure, has until 11 June to table a new offer. 

The Mail on Sunday

Week ahead

Burberry

Burberry’s results tomorrow may end up being all about the make-up rather than the clothes and handbags. The luxury goods retailer is expected to report second-half earnings of £243m, leading to a 2013 full-year profit of £415m. But there is a difference of opinion among analysts as to the profitability of bringing its beauty and fragrance business in-house.

Marks & Spencer

Marks and Spencer is expected to unveil a slide in annual profits on Tuesday,  a week after its new fashion team showed off the ranges they hope will help buck the decline. However, the spring and summer ranges were designed by the previous team and analysts expect the latest profits will be down by 7 per cent, from £706m to £658m.

Cranswick 

Even a strict vegetarian couldn’t argue with the succulent balance sheet at the pork producer Cranswick. The group has been spending money on expansion but has kept a close check on its cash and analysts think its full-year results today will be appetising reading. Investec reckons profits before tax will be £48.3m, about 7.5 per cent higher than last year’s.

Britvic

Just like the tonic water it sells, Britvic’s results on Wednesday are expected to be mixed. The bad weather across its markets will have affected its ability to maintain market share, and Canaccord Genuity thinks UK sales could be down by mid-single digits. The outcome of the proposed merger with AG Barr is also still awating a Competition Commission judgement.

Latest stories from i100
Career Services

Day In a Page

No postcode? No vote

Floating voters

How living on a houseboat meant I didn't officially 'exist'
Louis Theroux's affable Englishman routine begins to wear thin

By Reason of Insanity

Louis Theroux's affable Englishman routine begins to wear thin
Power dressing is back – but no shoulderpads!

Power dressing is back

But banish all thoughts of Eighties shoulderpads
Spanish stone-age cave paintings 'under threat' after being re-opened to the public

Spanish stone-age cave paintings in Altamira 'under threat'

Caves were re-opened to the public
'I was the bookies’ favourite to be first to leave the Cabinet'

Vince Cable interview

'I was the bookies’ favourite to be first to leave the Cabinet'
Election 2015: How many of the Government's coalition agreement promises have been kept?

Promises, promises

But how many coalition agreement pledges have been kept?
The Gaza fisherman who built his own reef - and was shot dead there by an Israeli gunboat

The death of a Gaza fisherman

He built his own reef, and was fatally shot there by an Israeli gunboat
Saudi Arabia's airstrikes in Yemen are fuelling the Gulf's fire

Saudi airstrikes are fuelling the Gulf's fire

Arab intervention in Yemen risks entrenching Sunni-Shia divide and handing a victory to Isis, says Patrick Cockburn
Zayn Malik's departure from One Direction shows the perils of fame in the age of social media

The only direction Zayn could go

We wince at the anguish of One Direction's fans, but Malik's departure shows the perils of fame in the age of social media
Young Magician of the Year 2015: Meet the schoolgirl from Newcastle who has her heart set on being the competition's first female winner

Spells like teen spirit

A 16-year-old from Newcastle has set her heart on being the first female to win Young Magician of the Year. Jonathan Owen meets her
Jonathan Anderson: If fashion is a cycle, this young man knows just how to ride it

If fashion is a cycle, this young man knows just how to ride it

British designer Jonathan Anderson is putting his stamp on venerable house Loewe
Number plates scheme could provide a licence to offend in the land of the free

Licence to offend in the land of the free

Cash-strapped states have hit on a way of making money out of drivers that may be in collision with the First Amendment, says Rupert Cornwell
From farm to fork: Meet the Cornish fishermen, vegetable-growers and butchers causing a stir in London's top restaurants

From farm to fork in Cornwall

One man is bringing together Cornwall's most accomplished growers, fishermen and butchers with London's best chefs to put the finest, freshest produce on the plates of some of the country’s best restaurants
Robert Parker interview: The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes

Robert Parker interview

The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes
Don't believe the stereotype - or should you?

Don't believe the stereotype - or should you?

We exaggerate regional traits and turn them into jokes - and those on the receiving end are in on it too, says DJ Taylor