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

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE £45K YR1: SThree: At SThree, we like to be dif...

Guru Careers: Software Developer / Web Developer

£30 - 40k + Benefits: Guru Careers: A Software / Web Developer (PHP / MYSQL) i...

Guru Careers: Account Executive

£18 - 20k + Benefits: Guru Careers: An Account Executive is needed to join one...

Guru Careers: Software Developer / Software Engineer

£35 - 40k + Benefits: Guru Careers: A Software Developer / Software Engineer i...

The Business Matrix: Monday 30 May 2011

Lockheed fights off cyber attack

The US aerospace group aerospace group Lockheed Martin has revealed that it had to fight off a “significant and tenacious” cyber attack on its systems last week. The group detected the attack on its information-systems network just over a week ago and took “aggressive actions to protect all systems and data”. Lockheed, which makes the F-22 Raptor fighter jet, is the Pentagon’s top supplier by sales.

Conversocial signs £1.5m funding deal

The UK technology start-up Conversocial, which helps companies to manage their operations on Facebook and Twitter, is set for rapid growth this year after securing venture-capital backing. The group, which launched in July, has already signed up customers including ITV and Groupon, and has secured £1.5m funding from DFJ Esprit. It will increase staff from 10 to 25 in 2011.

LSE rules out talk of bid for LCH

The London Stock Exchange has confirmed it is not in talks to buy European clearing house LCH.Clearnet, after reports linked it with a bid. The stock market’s parent company released a statement yesterday saying it had noted the recent speculation linking it with the clearing house. But the LSE added “it is not engaged in any discussions with LCH” over a possible transaction.

Weetabix could face Justice bid

Justice Holdings, the acquisition vehicle run by billionaire Nicolas Berggruen, is believed to be considering an approach for Northampton-based cereal maker Weetabix. The group was previously snapped up by private equity company Lion Capital in 2003 for £642m. Reports over the weekend suggested Mr Berggruen’s bid could value the company at up to £1bn.

G8 leaders back Lagarde for IMF

The leaders of the G8 are backing France’s Finance Minister Christine Lagarde in her bid to run the IMF, according to her cabinet colleague Alain Juppé. He said all eight countries supported the appointment of Ms Lagarde to replace Dominique Strauss-Kahn, who has resigned after he was charged with attempted rape.

Long-term jobless soars in the UK

People out of work for more than a year in Britain has hit the highest level since 1997, according to a leading think-tank. The Institute for Public Policy Research said that 850,000 people had been unemployed for over 12 months, a figure that had reached “worryingly high” levels. The figure is up by 20,000 over recent months.

Tesco recalls exec to help UK strategy

Tesco has brought its high-flying director Tony Hoggett back to the UK from its Turkish operation, in a further sign of the grocery giant’s desire to fight back against the challenge from its domestic rivals. Mr Hoggett has been appointed as managing director of Tesco’s superstores format in the UK.

Asos expected to post £30m profit

Asos, the online fashion retailer, is expected to shrug off the gloom on the high street and post a lift in annual pre-tax profits. Analysts expect the group will post close to £30m for the year to the end of March. The performance has been bolstered this year by increased sales from its operations abroad.

UK growth could fizzle out, says BCC

A leading UK business organisation has warned the Government that the plan to reduce the Budget deficit will take longer than expected because growth will be slower than official estimates and may even “fizzle out”. The British Chambers of Commerce (BCC) will say today the Government’s policies must be “balanced”.

Fund assets surge to €13.8 trillion

European fund managers have seen assets under management increase by more than a quarter in two years as investors shook off fears created by the financial crisis. Total assets managed in Europe stood at €13.8 trillion (£11.97 trillion) at the end of 2010, up by 26 per cent from €10.9 trillion in 2008.

Latest stories from i100
Career Services

Day In a Page

Blundering Tony Blair quits as Middle East peace envoy – only Israel will miss him

Blundering Blair quits as Middle East peace envoy – only Israel will miss him

For Arabs – and for Britons who lost their loved ones in his shambolic war in Iraq – his appointment was an insult, says Robert Fisk
Isis in Syria: The Kurdish enclave still resisting the tyranny of President Assad and militant fighters

The Kurdish enclave still resisting the tyranny of Assad and Isis

In Syrian Kurdish cantons along the Turkish border, the progressive aims of the 2011 uprising are being enacted despite the war. Patrick Cockburn returns to Amuda
How I survived Cambodia's Killing Fields: Acclaimed surgeon SreyRam Kuy celebrates her mother's determination to escape the US

How I survived Cambodia's Killing Fields

Acclaimed surgeon SreyRam Kuy celebrates her mother's determination to escape to the US
Stephen Mangan interview: From posh buffoon to pregnant dad, the actor has quite a range

How Stephen Mangan got his range

Posh buffoon, hapless writer, pregnant dad - Mangan is certainly a versatile actor
The ZX Spectrum has been crowd-funded back into play - with some 21st-century tweaks

The ZX Spectrum is back

The ZX Spectrum was the original - and for some players, still the best. David Crookes meets the fans who've kept the games' flames lit
Grace of Monaco film panned: even the screenwriter pours scorn on biopic starring Nicole Kidman

Even the screenwriter pours scorn on Grace of Monaco biopic

The critics had a field day after last year's premiere, but the savaging goes on
Menstrual Hygiene Day: The strange ideas people used to believe about periods

Menstrual Hygiene Day: The strange ideas people once had about periods

If one was missed, vomiting blood was seen as a viable alternative
The best work perks: From free travel cards to making dreams come true (really)

The quirks of work perks

From free travel cards to making dreams come true (really)
Is bridge the latest twee pastime to get hip?

Is bridge becoming hip?

The number of young players has trebled in the past year. Gillian Orr discovers if this old game has new tricks
Long author-lists on research papers are threatening the academic work system

The rise of 'hyperauthorship'

Now that academic papers are written by thousands (yes, thousands) of contributors, it's getting hard to tell workers from shirkers
The rise of Lego Clubs: How toys are helping children struggling with social interaction to build better relationships

The rise of Lego Clubs

How toys are helping children struggling with social interaction to build better relationships
5 best running glasses

On your marks: 5 best running glasses

Whether you’re pounding pavements, parks or hill passes, keep your eyes protected in all weathers
Raif Badawi: Wife pleads for fresh EU help as Saudi blogger's health worsens

Please save my husband

As the health of blogger Raif Badawi worsens in prison, his wife urges EU governments to put pressure on the Saudi Arabian royal family to allow her husband to join his family in Canada
Birthplace of Arab Spring in turmoil as angry Tunisians stage massive sit-in over lack of development

They shall not be moved: jobless protesters bring Tunisia to a halt

A former North African boom town is wasting away while its unemployed citizens stick steadfastly to their sit-in
David Hasselhoff's new show 'Hoff the Record': What's it like working with a superstar?

Hanging with the Hoff

Working with David Hasselhoff on his new TV series was an education for Ella Smith