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

Recruitment Genius: Account Manager

£20000 - £35000 per annum: Recruitment Genius: This full service social media ...

Recruitment Genius: Data Analyst - Online Marketing

£24000 - £35000 per annum: Recruitment Genius: We are 'Changemakers in retail'...

Austen Lloyd: Senior Residential Conveyancer

Very Competitive: Austen Lloyd: Senior Conveyancer - South West We are see...

Austen Lloyd: Residential / Commercial Property Solicitor

Excellent Salary: Austen Lloyd: DORSET MARKET TOWN - SENIOR PROPERTY SOLICITOR...

The Business Matrix: Saturday 03 December 2011

 

RIM writes off tablet millions

Research in Motion, the beleaguered BlackBerry maker, has written off $485m related to the poor sales of its tablet device, the Playbook. The Canadian group revealed the profit warning yesterday, sending its shares down more than 8 per cent. It admitted that it would need a further promotional drive to shift the huge numbers of unsold devices.

US jobless rate falls to 8.6% low

The US unemployment rate fell to a two-and-a-half-year low of 8.6 per cent in November and companies stepped up hiring in further evidence that the US economic recovery is gaining momentum. Non-farm payrolls increased 120,000 last month, boosted by a rise in retail jobs. The jobless rate had been expected to stay at 9 per cent.

Michael Kors to list in New York

The Hong Kong-based designer Michael Kors is preparing to list its shares on the New York Stock Exchange. The move comes after Italian fashion house Prada listed its shares in Hong Kong earlier this year. No new money will be raised in the initial public offering, with existing shareholders selling stock instead.

Pensioners in savings victory

British pensioners have won their campaign to prevent the Irish government plundering savings held in high-yielding bonds. The Bank of Ireland has completed a £3.6bn capital raising with the backing of senior bondholders. This meant the government did not need to confiscate £46m of former Bristol & West bonds to make the target.

Brits confused about pensions

Confusion about pensions is widespread among British adults, with many failing to prepare for their retirement, according to a survey by Friends Life. Almost one in three (32 per cent) employed adults are not saving for a pension, rising to almost half (48 per cent) among under 35-year-olds.

WFEL in £57m deal with Swiss

The Stockport-based defence engineering group WFEL, which is backed by private equity house Dunedin, has secured a contract to supply £57m of tactical military bridges to the Swiss armed forces. WFEL supplies bridges to more than 40 different armed forces worldwide.

100 jobs go as Irisa trims Ann Harvey

More than 100 jobs have been axed at Irisa, the fashion group previously known as Alexon, after its new private equity owners revealed plans to close nearly a third of its high street shops. Sun European Partners has told staff that it will shut 20 of Irisa's 68 high street shops, of which many are Ann Harvey stores.

Ikea suffers 3 per cent sales fall

The Swedish furniture giant Ikea has become the latest retailer to feel the pinch as low consumer confidence and a poor housing market hit sales. The chain said like-for-like UK sales in the year to 31 August fell 3 per cent to £1.15bn. However, Ikea's market share in the UK rose to 6.3 per cent.

SDL pays £70m to secure Alterian

SDL, the UK translation group, is set to secure beleaguered marketing technology group Alterian after lifting its bid by more than a third to £68.4m. SDL tabled an 80p per share offer in October, which the Alterian board rejected "unequivocally", but it won over the board with a 110p per share offer.

Homeserve buys Veolia arm share

Homeserve is to acquire Veolia's 51 per cent share of Domeo, which has 890,000 customers and 2.3 million policies in France. The home emergency business already has 49 per cent of the business, which will still use Veolia's brands in France. Homeserve is paying £83m cash for the business.

Latest stories from i100
Career Services

Day In a Page

Isis in Iraq: Yazidi girls killing themselves to escape rape and imprisonment by militants

'Jilan killed herself in the bathroom. She cut her wrists and hanged herself'

Yazidi girls killing themselves to escape rape and imprisonment
Ed Balls interview: 'If I think about the deficit when I'm playing the piano, it all goes wrong'

Ed Balls interview

'If I think about the deficit when I'm playing the piano, it all goes wrong'
He's behind you, dude!

US stars in UK panto

From David Hasselhoff to Jerry Hall
Grace Dent's Christmas Quiz: What are you – a festive curmudgeon or top of the tree?

Grace Dent's Christmas Quiz

What are you – a festive curmudgeon or top of the tree?
Nasa planning to build cloud cities in airships above Venus

Nasa planning to build cloud cities in airships above Venus

Planet’s surface is inhospitable to humans but 30 miles above it is almost perfect
Surrounded by high-rise flats is a little house filled with Lebanon’s history - clocks, rifles, frogmen’s uniforms and colonial helmets

Clocks, rifles, swords, frogmen’s uniforms

Surrounded by high-rise flats is a little house filled with Lebanon’s history
Return to Gaza: Four months on, the wounds left by Israel's bombardment have not yet healed

Four months after the bombardment, Gaza’s wounds are yet to heal

Kim Sengupta is reunited with a man whose plight mirrors the suffering of the Palestinian people
Gastric surgery: Is it really the answer to the UK's obesity epidemic?

Is gastric surgery really the answer to the UK's obesity epidemic?

Critics argue that it’s crazy to operate on healthy people just to stop them eating
Homeless Veterans appeal: Christmas charity auction Part 2 - now LIVE

Homeless Veterans appeal: Christmas charity auction

Bid on original art, or trips of a lifetime to Africa or the 'Corrie' set, and help Homeless Veterans
Pantomime rings the changes to welcome autistic theatre-goers

Autism-friendly theatre

Pantomime leads the pack in quest to welcome all
The week Hollywood got scared and had to grow up a bit

The week Hollywood got scared and had to grow up a bit

Sony suffered a chorus of disapproval after it withdrew 'The Interview', but it's not too late for it to take a stand, says Joan Smith
From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?

Panto dames: before and after

From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?
Thirties murder mystery novel is surprise runaway Christmas hit

Thirties murder mystery novel is surprise runaway Christmas hit

Booksellers say readers are turning away from dark modern thrillers and back to the golden age of crime writing
Anne-Marie Huby: 'Charities deserve the best,' says founder of JustGiving

Anne-Marie Huby: 'Charities deserve the best'

Ten million of us have used the JustGiving website to donate to good causes. Its co-founder says that being dynamic is as important as being kind
The botanist who hunts for giant trees at Kew Gardens

The man who hunts giants

A Kew Gardens botanist has found 25 new large tree species - and he's sure there are more out there