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 23 June 2014

Oil on agenda in Middle East tour

The US Secretary of  State John Kerry is set to discuss possible oil disruptions from the Iraq conflict with Gulf countries this week, according to State Department officials. Mr Kerry, who arrived in Egypt yesterday at the start of a tour of countries in the Middle East and Europe, is also expected to travel to Iraq soon at the request of President Barack Obama.

Morrisons raises stakes in price war

Morrisons has fired the latest salvo in a growing supermarket price war, launching another round of cuts on 135 products today. The UK’s fourth-largest grocer has already promised to spend £1bn on price cuts over the next three years. Falling food prices thanks to the  supermarket competition helped inflation last week to hit a four-and-a-half-year low.

What the Sunday papers said

IT problems hit probation plans

The probation service is in  crisis as a result of IT changes ahead of a semi-privatisation later this year. Contractors such as Sodexho and Amey are bidding to run 21 Community Rehabilitation Companies, which oversee medium and low-risk offenders. But the IT glitches have resulted in lost and  inaccessible case files.

The Independent on Sunday

Shire seeks to fend off US raider

Shire has detailed how it plans to double sales to $10bn (£6bn) by 2020 as the British drugs group tries to fend off unwelcome offers from the pharma giant AbbVie. The US group, which is looking to take advantage of lower UK tax rates as well as Shire’s drugs’ pipeline, has had three approaches worth up to £27bn rejected, it emerged last week. 

The Sunday Times

Carney urged to curb mortgages

Mark Carney, the Governor of the Bank of England, should act quickly to curb mortgage lending, according to regulators at the Norwegian and Swedish central banks. The Governor is expected to unveil measures later this week to cool the mortgage market when the Bank publishes its Financial Stability Report.

 The Sunday Telegraph

Cap on mortgages to trap borrowers

Hundreds of thousands of homeowners could end up as “mortgage prisoners” if caps on income multiples are introduced by regulators. The Bank of England’s Financial Policy Committee is due to outline measures to cool the housing market this week amid fears of  a bubble in London.

The Mail on Sunday

Stagecoach

The transport giant Stagecoach, whose Virgin Trains joint venture won an extension to its West Coast mainline franchise last week, is expected to report a 5 per cent rise in full-year profits to £180m on Wednesday,  according to Investec. The group operates 8,000 buses serving 2.5 million people a day, as well as South West Trains.

Carpetright

Executive chairman Lord Harris of Peckham will present his last set of annual results on Tuesday at the retailer he founded 25 years ago. The business, which warned over profits for the third time in nine months in March after admitting it has yet to benefit from the housing market recovery, is expected to post profits of £4.5m, against £9.7m a year ago.

Dixons Carphone

Carphone Warehouse and Dixons Retail, the mobile phone and electronics retail giants, are expected to reveal more details of their £3.6bn merger to create Dixons Carphone when they both post full-year results on Thursday. Expect Carphone’s earnings to be up 9 per cent at £150m, while Dixons has said its profits should be at the top of City forecasts of £150m-£160m.

Hornby

A strong pound and supply chain problems are expected to weigh on the Airfix-to-model trains company Hornby once again when new chief executive Richard Ames unveils full-year results on Friday. Hornby warned in April it was on course to post a £1m loss. Its supply chain problems involve a major model railway manufacturer in China, with which it has cut ties.

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
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