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

Maths Teacher

£85 - £125 per day: Randstad Education Chester: Job Opportunity for Secondary ...

C# Developer - West Sussex - permanent - £40k - £50k

£40000 - £50000 Per Annum + excellent benefits package: Clearwater People Solu...

SQL Report Analyst (SSRS, CA, SQL 2012)

£30000 - £38500 Per Annum + 25 days holiday, pension, subsidised restaurant: C...

Project Manager (infrastructure, upgrades, rollouts)

£38000 - £45000 Per Annum + excellent benefits package: Clearwater People Solu...

The Business Matrix: Monday 25 July 2011


Fifteen months after the Gulf of Mexico disaster, the tragedy will dominate BP’s interim results presentation on Tuesday. So far, BP has made provisions of $41bn (£25bn) to cover compensation and clean-up costs, though analysts have suggested claims against partners could see the final figure come in below that. Meanwhile, its second-quarter profits are expected to be near $5.9bn.


The broadcaster has already warned that advertising slumped during June and analysts expect ITV’s half-year revenues, due on Wednesday, to have fallen by up to a fifth, mainly due to comparison with the World Cup last year. But the success of costume drama Downton Abbey has prompted a raft of new dramas, and over the next year the Olympics and Euro 2012 should also boost advertising.


British Gas’s owner, Centrica, can expect plenty of negative headlines on Thursday when it releases interim results – two weeks after it announced steep rises for gas and electricity prices. The tariff rise sparked more accusations of profiteering from consumer groups, with critics also arguing that while wholesale prices have risen recently, they are still a third below their 2008 peak.


BSkyB’s full-year figures on Friday are tipped to illustrate why Rupert Murdoch’s News Corp was so keen to take full control of the satellite broadcaster. Analysts expect profits to rise by a quarter to about £950m. Its shares, which slumped as News Corp ruled out a bid, have rallied since as analysts have suggested it may announce a cash payout to investors worth 80p-150p a share.

UK dividends at three-year high

Payouts by UK companies to shareholders have reached their highest level for three years, according to the latest Dividend Monitor from Capita Registrars. Dividends climbed to £19.1bn in the second quarter, up 27 per cent over the year. It was the largest cash payout by UK-listed firms since the second quarter of 2008.

Prices slip back but demand rises

Figures published today reveal that house prices have continued to edge back in July, although the number of agreed sales rose sharply for the second consecutive month. According to the latest National Housing Survey from Hometrack, average house prices dropped by 0.1 per cent for the third straight month.

Vedanta’s bonus awards attacked

Shareholders in Vedanta Resources should vote against the India-focused miner’s remuneration report, a leading advisory body has said ahead of the group’s annual meeting this week. Pension fund advisory group Pirc argued that Vedanta’s policies could not be reconciled with the bonuses of executive directors.

ZNMD is latest box office hit for Eros

In the latest box office success for the Bollywood film company Eros International, its coming-of-age drama Zindagi Na Milegi Dobara (ZNMD) has taken $18.7m (£11.5m) in its first week. The movie grossed over $3.8m from outside India, making it the country’s best-performing film internationally of 2011 so far.

HobbyCraft sees jump in sales

The arts and crafts retailer HobbyCraft has reported that sales jumped nearly 13 per cent in its first full financial year since being sold to Bridgepoint. For the 12 months to 20 February, turnover rose 12.8 per cent to £95.2m while its earnings before tax, depreciation and amortisation came in at £14.4m, an 18 per cent increase.

Chinese urged to invest in Greece

Greece’s debt crisis offers a good opportunity for Chinese companies to invest in the country as it privatises assets, the Chinese ambassador was quoted as saying yesterday. Luo Linquan told China’s official Xinhua news agency that Chinese companies should look for ways to benefit from the debt crisis.

Career Services

Day In a Page

A roller-coaster tale from the 'voice of a generation'

Not That Kind of Girl:

A roller-coaster tale from 'voice of a generation' Lena Dunham
London is not bedlam or a cradle of vice. In fact it, as much as anywhere, deserves independence

London is not bedlam or a cradle of vice

In fact it, as much as anywhere, deserves independence
Vivienne Westwood 'didn’t want' relationship with Malcolm McLaren

Vivienne Westwood 'didn’t want' relationship with McLaren

Designer 'felt pressured' into going out with Sex Pistols manager
Jourdan Dunn: Model mother

Model mother

Jordan Dunn became one of the best-paid models in the world
Apple still coolest brand – despite U2 PR disaster

Apple still the coolest brand

Despite PR disaster of free U2 album
Scottish referendum: The Yes vote was the love that dared speak its name, but it was not to be

Despite the result, this is the end of the status quo

Boyd Tonkin on the fall-out from the Scottish referendum
Manolo Blahnik: The high priest of heels talks flats, Englishness, and why he loves Mary Beard

Manolo Blahnik: Flats, Englishness, and Mary Beard

The shoe designer who has been dubbed 'the patron saint of the stiletto'
The Beatles biographer reveals exclusive original manuscripts of some of the best pop songs ever written

Scrambled eggs and LSD

Behind The Beatles' lyrics - thanks to Hunter Davis's original manuscript copies
'Normcore' fashion: Blending in is the new standing out in latest catwalk non-trend

'Normcore': Blending in is the new standing out

Just when fashion was in grave danger of running out of trends, it only went and invented the non-trend. Rebecca Gonsalves investigates
Dance’s new leading ladies fight back: How female vocalists are now writing their own hits

New leading ladies of dance fight back

How female vocalists are now writing their own hits
Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments