The Business Matrix: Saturday 1 February 2014


Barclays ordered to hand over papers

Barclays has been told to hand over thousands more documents in a UK court case tied to  the alleged manipulation of Libor interest rates. Barclays is accused by a UK residential care home operator of mis-selling Libor-based products.

National Grid faces defeat to unions

Union leaders are on the verge of victory after a vicious 18-month pension battle with National Grid. The board had wanted to cap pensionable pay in any given year for its lucrative final salary schemes, to close a £1.1bn deficit.

Wild moves into hotseat at Domino’s

David Wild, the former Halfords boss who joined Domino’s Pizza as a non-executive director in November, has been named its acting chief executive.

100 jobs to go at Bank of England

Up to 100 Bank of England staff will lose their jobs after a review by Deloitte identified £18m in potential savings. The central services  division will bear the brunt.

Libya sues over investment advice

The Libyan Investment Authority is to sue Société Générale and Goldman Sachs over Gadaffi-era advice that allegedly lost the country millions of dollars.