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

Recruitment Genius: Project Implementation Executive

£18000 - £23000 per annum: Recruitment Genius: They work with major vehicle ma...

Recruitment Genius: Chiropractic Assistant

£16500 per annum: Recruitment Genius: A Chiropractic Assistant is needed in a ...

Recruitment Genius: Digital Account Executive - Midlands

£18000 - £26000 per annum: Recruitment Genius: They work with major vehicle ma...

Recruitment Genius: Web Developer

£28000 - £30000 per annum: Recruitment Genius: This company provides coaching ...

The Business Matrix: Saturday 10 November 2012

Rutland secures pizza restaurants

Rutland Partners has acquired the restaurant business of Pizza Hut UK with a pledge to invest £60m over the next five years. Rutland saw off the rival private equity firms Endless and Risk Capital Partners to snap up the franchise for the 330-strong chain, for an undisclosed sum, from Yum Brands, which also owns KFC and Taco Bell.

Richemont joins luxury slowdown

The Net-A-Porter and Cartier owner Richemont is the latest luxury goods giant to report slowing sales, joining LVMH and PPR in noting a drop in growth in China. The Swiss group said sales fell 12 per cent in the six months to October, but profits were still up 53 per cent at €1.1bn (£908m).

Goods trade helps narrow deficit

The UK's overall trade gap with the rest of the world narrowed sharply in September, from £4.3bn to £2.7bn, bolstering hopes for a boost to the economy from trade. The total was helped by a 1.1 per cent rise in goods exports and a 3.9 per cent decline in imports. The services trade surplus was £5.7bn.

France heading back to recession

France, the second-biggest economy in the struggling eurozone, is expected to tip back into recession by the end of the year. The Bank of France predicts the economy will shrink by 0.1 per cent in the final quarter of 2012, following a similar decline in July-September.

Another big blow for Tullet Prebon

The interdealer broker Tullett Prebon has posted a 12 per cent fall in quarterly revenues. Tullet had suffered a sluggish summer on the markets, and then the superstorm Sandy forced it to evacuate its New York offices last week.

City Link likely to see further losses

The pest control group Rentokil Initial has admitted its courier delivery division, City Link, will not return to profit this year. City Link, which has made a loss for the past four years, blamed the Olympics for reduced demand. But growth in Asia helped Rentokil post a 26 per cent rise in profit to £83m over the past nine months.

Three-way merger will be in top 10

A top 10 international law firm is set to be established under a three-way merger and will have its largest base in London. The Anglo-US legal outfit SNR Denton, Salans of France and Canada's Fraser Milner Casgrain will present plans for a £1bn, 2,500-lawyer firm to their various partners next week.

Poor Olympics derails Hornby

Hornby has scrapped its half-year dividend after poor sales of its London 2012 merchandise. The model train and Scalextric maker fell to a £300m half-year loss, compared with a £1.2m profit a year ago, and said it had also been hit by a "very substantial disruption" to one of its main suppliers in China.

Greek sale hits Crédit Agricole

The struggling French bank Crédit Agricole has crashed to a deeper-than-expected quarterly loss of €2.85bn (£2.3bn). It agreed last month to sell its Greek bank Emporiki to Alpha Bank under terms which sliced the French bank's net income by €1.96bn.

300 non-store jobs go at Comet

Administrators have made 330 staff redundant at Comet's head office, call centres and back offices dealing with finance and marketing. Shop staff will still be paid while the electrical chain continues to trade in administration.

Latest stories from i100
Career Services

Day In a Page

NHS struggling to monitor the safety and efficacy of its services outsourced to private providers

Who's monitoring the outsourced NHS services?

A report finds that private firms are not being properly assessed for their quality of care
Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

The Tory MP said he did not want to stand again unless his party's manifesto ruled out a third runway. But he's doing so. Watch this space
How do Greek voters feel about Syriza's backtracking on its anti-austerity pledge?

How do Greeks feel about Syriza?

Five voters from different backgrounds tell us what they expect from Syriza's charismatic leader Alexis Tsipras
From Iraq to Libya and Syria: The wars that come back to haunt us

The wars that come back to haunt us

David Cameron should not escape blame for his role in conflicts that are still raging, argues Patrick Cockburn
Sam Baker and Lauren Laverne: Too busy to surf? Head to The Pool

Too busy to surf? Head to The Pool

A new website is trying to declutter the internet to help busy women. Holly Williams meets the founders
Heston Blumenthal to cook up a spice odyssey for British astronaut manning the International Space Station

UK's Major Tum to blast off on a spice odyssey

Nothing but the best for British astronaut as chef Heston Blumenthal cooks up his rations
John Harrison's 'longitude' clock sets new record - 300 years on

‘Longitude’ clock sets new record - 300 years on

Greenwich horologists celebrate as it keeps to within a second of real time over a 100-day test
Fears in the US of being outgunned in the vital propaganda wars by Russia, China - and even Isis - have prompted a rethink on overseas broadcasters

Let the propaganda wars begin - again

'Accurate, objective, comprehensive': that was Voice of America's creed, but now its masters want it to promote US policy, reports Rupert Cornwell
Why Japan's incredible long-distance runners will never win the London Marathon

Japan's incredible long-distance runners

Every year, Japanese long-distance runners post some of the world's fastest times – yet, come next weekend, not a single elite competitor from the country will be at the London Marathon
Why does Tom Drury remain the greatest writer you've never heard of?

Tom Drury: The quiet American

His debut was considered one of the finest novels of the past 50 years, and he is every bit the equal of his contemporaries, Jonathan Franzen, Dave Eggers and David Foster Wallace
You should judge a person by how they peel a potato

You should judge a person by how they peel a potato

Dave Hax's domestic tips are reminiscent of George Orwell's tea routine. The world might need revolution, but we like to sweat the small stuff, says DJ Taylor
Beige is back: The drab car colours of the 1970s are proving popular again

Beige to the future

Flares and flounce are back on catwalks but a revival in ’70s car paintjobs was a stack-heeled step too far – until now
Bill Granger recipes: Our chef's dishes highlight the delicate essence of fresh cheeses

Bill Granger cooks with fresh cheeses

More delicate on the palate, milder, fresh cheeses can also be kinder to the waistline
Aston Villa vs Liverpool: 'This FA Cup run has been wonderful,' says veteran Shay Given

Shay Given: 'This FA Cup run has been wonderful'

The Villa keeper has been overlooked for a long time and has unhappy memories of the national stadium – but he is savouring his chance to play at Wembley
Timeless drama of Championship race in league of its own - Michael Calvin

Michael Calvin's Last Word

Timeless drama of Championship race in league of its own