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The Business Matrix: Monday 3 June 2013

Spanish eyes on Luton Airport

Luton Airport is reportedly a takeover target of Spanish company Aena, which owns 46  airports and two heliports in Spain and is involved in managing 23 other airports worldwide. Aena is a minority shareholder but is believed to have first refusal on the larger stake owned by fellow Spanish company Abertis. Luton is the UK’s fifth-biggest airport.

Barclays chased for scandal clues

New York prosecutors have reportedly ordered Barclays to hand over records relating to the growing scandal over Liberty Reserve, the Costa Rica-based payments processor.  The accounts in the name of Arthur Budovsky are held in one of Barclays’ Spanish subsidiaries. The account is believed to have been opened in 2009, but it is not yet clear what it was used for.

What the Sunday papers said

Engineers queue to tap into Thames

A beauty parade of engineering companies is forming to bid for Thames Estuary 2100, a new system of flood defences for the capital. The bidding process will start in the autumn with Atkins, Arup, Halcrow and Hyder Consulting all said to be preparing documents for the Environment Agency. The defences will aim to protect 1.25m Londoners.

Independent on Sunday

Card Factory posts listing plans

Card Factory, the greeting cards chain, is preparing for a flotation worth an estimated £700m. Charterhouse, the private-equity firm that owns it, has reportedly instructed Goldman Sachs to oversee the float. It bought the company from its original founders Dean and Janet Hoyle in 2010, netting the couple £350m.

Sunday Times

Tesco set to reveal profit double blow

Tesco’s hopes of a profits recovery could be dented this week when it reveals the costs of poor spring weather and the horsemeat scandal. Like-for-like sales are forecast to be down 0.5 per cent. This is against a backdrop of the Office for National Statistics saying food trading is 3.8 per cent lower than a year ago.

Mail on Sunday

France ‘worse than Seventies Britain’

Henri de Castries, chairman and chief executive of Axa, has said the French economy and state are in a worse condition than Britain was in the strike-rife 1970s. He said it was no surprise because the government of President Hollande had been raising taxes and making labour laws even more rigid.

Sunday Telegraph

‘No surprises’ hope for Phoenix

Phoenix IT, the computing firm that last year admitted it had uncovered accounting irregularities, reports today. It warned in February that full-year earnings for the full-year would be about 10 per cent lower than expected, but Numis Securities’s Will Wallis says he isn’t expecting any more surprises with the results.

Wolseley lives American dream

Building supplier, plumbing and heating products distributor Wolseley’s US arm Ferguson has been the star of the group, and is forecast to account for about 67 per cent of trading profit in 2013. Third-quarter results, due tomorrow, are expected to show that the trend has continued.

Things may look  up for Matthey

The chemicals specialist Johnson Matthey had a grim start to the year when it revealed a third-quarter update in January that was far worse than expected. But Numis’s Charles Pick thinks it isn’t all bad for the group and expects the final quarter results, out on Thursday, will have been better.

Fullers tipped for dividend cheer

Investors in the brewer Fuller, Smith & Turner will be hoping to raise a pint to toast the group’s full-year results when they are released on Friday. Panmure Gordon reckons the company behind London Pride will unveil pre-tax profits of about £32m and increase it dividend by 7 per cent.

Career Services

Day In a Page

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Zubairi Sentongo swapped poverty in Uganda for homelessness in Britain. But a YMCA scheme connected him with a couple offering warmth and shelter
A History of the First World War in 100 Moments: When the world’s biggest shed took over Regent’s Park

A History of the First World War in 100 Moments

When the world’s biggest shed took over Regent’s Park
The pain of IVF

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As an Italian woman vows to keep the babies from someone else’s eggs, Julian Baggini ponders how the reality of childbirth is often messier than the natural ideal
Supersize art

Is big better? Britain's latest super-sized art

The Kelpies are the latest addition to a growing army of giant sculptures. But naysayers are asking what a pair of gigantic horse heads tells us about Falkirk?
James Dean: Back on the big screen

James Dean: Back on the big screen

As 'Rebel without a Cause' is re-released, Geoffrey Macnab reveals how its star perfected his moody act
Catch-22: How the cult classic was adapted for the stage

How a cult classic was adapted for the stage

More than half a century after it was published 'Catch-22' will make its British stage debut next week
10 best activity books for children

10 best activity books for children

Keep little ones busy this bank holiday with one of these creative, educational and fun books
Arsenal 3 West Ham United 1: Five things we learnt from the battle between the London sides

Five things we learnt from Arsenal's win over West Ham

Arsenal still in driving seat for Champions League spot and Carroll can make late charge into England’s World Cup squad
Copa del Rey final: Barcelona are paying for their complacency and not even victory over Real Madrid will put things right

Pete Jenson on the Copa del Rey final

Barcelona are paying for their complacency and not even victory over Real Madrid will put things right
Rafa to reign? Ten issues clay courts will serve up this season

Rafa to reign? Ten issues clay courts will serve up this season

With the tennis circus now rolling on to the slowest surface, Paul Newman highlights who'll be making the headlines – and why
Exclusive: NHS faces financial disaster in 2015 as politicians urged to find radical solution

NHS faces financial disaster in 2015

Politicians urged to find radical solution
Ukraine crisis: How spontaneous are the pro-Russian protests breaking out in Ukraine’s east?

Ukraine crisis

How spontaneous are the pro-Russian protests breaking out in Ukraine’s east?
A History of the First World War in 100 moments: The first execution at the Tower of London for 167 years

The first execution at the Tower of London for 167 years

A history of the First World War in 100 moments
Fires could turn Amazon rainforest into a desert as human activity and climate change threaten ‘lungs of the world’, says study

New threat to the Amazon rainforest:

Fires that scorch the ‘lungs of the Earth’
Liverpool, Chelsea and Manchester City: And the winner of this season’s Premier League title will be...

Who’s in box seat now? The winner of the title will be ...

Who is in best shape to take the Premier League prize?