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

Recruitment Genius: Senior Web Designer / Front End Developer

£28000 - £32000 per annum: Recruitment Genius: This fast expanding web managem...

Ashdown Group: Trainee Consultant - Surrey / South West London

£22000 per annum + pension,bonus,career progression: Ashdown Group: An establi...

Ashdown Group: Trainee Consultant - Surrey/ South West London

£22000 per annum + pension,bonus,career progression: Ashdown Group: An establi...

Ashdown Group: Recruitment Consultant / Account Manager - Surrey / SW London

£40000 per annum + realistic targets: Ashdown Group: A thriving recruitment co...

The Business Matrix: Monday 9 May 2011

EasyJet

EasyJet has already warned its first-half losses, set to be unveiled on Tuesday, could be as high as £160m, thanks to rising fuel costs and falling consumer spending. The budget airline may also reveal that some of its routes to Egypt were disrupted by the uprisings in the Arab world. But it is expected to have won passengers from more expensive rivals.

Sainsbury’s

Sainsbury’s is expected to dispel some of the gloom surrounding the supermarket sector by posting an 8 per cent rise in profits on Wednesday. But after it recently warned final-quarter sales were up just 1 per cent, investors will be looking at its recent sales performance, hoping it received a boost from the Easter break.

Thomas Cook/TUI

Thomas Cook, on Monday and rival TUI Travel, on Tuesday are expected to report bigger losses after the Arab uprisings caused holidaymakers to cancel bookings. But the tour operators could also reveal that the royal wedding provided a boost as consumers only had to take three days’ leave to get 11 days off work, encouraging many to take an Easter break.

HSBC

HSBC will unveil first-quarter figures on Monday and update the market on its strategy on Wednesday in a move which could see it close branches and cut jobs in its UK retail arm. The bank’s new chief executive, Stuart Gulliver, recently said the management team was stepping up discipline on cost control.

EEF call for review of renewable goals

Manufacturers will today call on the Government to reconsider targets for the growth of renewable energy, following a report from the independent Committee on Climate Change that claims it may be too expensive. The EEF manufacturers’ organisation said warnings that renewable energy would remain more costly than the alternatives for many years to come should prompt ministers to consider other opportunities.

Slower growth in regional activity

Business activity across five English regions grew at its slowest pace since the beginning of the year in April, with the Yorkshire and Humber area suffering a “particularly steep slowdown”, according to a survey. The Lloyds TSB regional purchasing managers’ index for April, published today, also shows that the Southeast saw the fastest rise in the pace of growth in business activity last month.

National Express nears Elliott truce

National Express, which last week put on a show of strength with news of rising profits amid calls by its biggest shareholder for strategic changes, is close to striking a deal with the dissenting investor before its annual meeting tomorrow. The truce with Elliott Advisors, the US hedge fund which owns about 18 per cent of the bus, train and coach company, could be agreed as early as today.

Management ban for Phoenix Four

The former MG Rover directors know as the “Phoenix Four” have undertaken not to act in management roles for a number of years. Peter Beale has been disqualified six years, John Edwards for three years, and John Towers and Nick Stephenson for five years each.

Rank turns down Guoco proposal

The bingo operator Rank has advised its shareholders to reject the 150p per share offer from its largest investor, saying that it undervalues the company. On Friday, Guoco – an investment holding firm controlled by Malaysian billionaire Quek Leng Chan – acquired an 11.6 per cent stake in Rank, thus increasing its shareholding to 40.8 per cent and triggering a mandatory offer.

JP Morgan raises oil price forecasts

JP Morgan analysts have raised their oil price forecasts by $10, predicting $120 per barrel for Brent for both this year and next. The move came on the heels of a sharp correction last week, with oil declining amid worries about global growth.

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