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

Recruitment Genius: Clinical Lead / RGN

£40000 - £42000 per annum: Recruitment Genius: This is an exciting opportunity...

Recruitment Genius: IT Sales Consultant

£35000 - £40000 per annum: Recruitment Genius: This IT support company has a n...

Recruitment Genius: Works Engineer

Negotiable: Recruitment Genius: A works engineer is required in a progressive ...

Recruitment Genius: Trainee Hire Manager - Tool Hire

£21000 - £25000 per annum: Recruitment Genius: Our client is seeking someone w...

The Business Matrix: Saturday 11 June 2011

Toyota predicts 35% fall in profits

Toyota has forecast a larger-than-expected 35 per cent fall in annual profits and warned that the strong yen is making it hard to justify keeping production in Japan. The group, which has struggled to restore output after the earthquake in March, is expected to lose its crown as the world’s largest car maker to General Motors this year.

1,000 jobs threat at fashion chain

A fashion chain formed following last year’s collapse of Ethel Austin has gone into administration, casting uncertainty over more than 1,000 jobs. Life & Style Retail, which runs 91 stores, has appointed RSM Tenon as administrator. There have been reports that a private equity firm could rescue the group, saving at least some of the jobs.

Fuller’s sees its glass as half-full

Fuller, Smith & Turner, the independent brewer behind London Pride bitter, said it was confident it could continue to enjoy a frothy performance despite the consumer squeeze. The group, which posted a 10 per cent rise in annual profits to £29m, warned of a tough year ahead, but hoped the Olympics would boost business next summer.

Samsonite raises £1.25bn in HK IPO

Samsonite, the world’s biggest luggage maker, has raised $1.25bn after pricing its stock market flotation in Hong Kong at the bottom of a revised price range as weak global markets sapped investor demand. The Luxembourg-based Samsonite is backed by the private equity firm CVC Capital, which stands to earn about $521m from the IPO.

DMGT to sell its US trade show unit

Daily Mail & General Trust has put its US retail trade show management business George Little Management up for sale as it focuses on fewer events with stronger prospects. The Daily Mail publisher said it was reviewing the strategic alternatives for GLM, which runs the New York International Gift Fair.

Saudi Arabia turns on the taps

Oil prices fell by more than a dollar a barrel yesterday after Saudi Arabia began offering more oil to Asian refiners, easing worries about supply following an inconclusive Opec meeting. In London benchmark Brent fell $1.30 to $188.27 a barrel by late afternoon trade, while in New York crude was off $2.53 at $99.40.

Healthy spring sales for Bellway

Bellway brought some welcome cheer to the housing market as it reported a healthy spring selling season. The Newcastle-based housebuilder said a more normal reservation pattern returned since the autumn. Recent sales are up at 111 units a week, and the average selling price has risen 4 per cent to £182,000.

London property ‘exports’ soar

Britain’s rich are selling up in the smartest neighbourhoods of London to a wave of super-rich migrants, according to Savills. Foreign buyers inject more than £3bn into London each year, the bulk in billionaire enclaves such as Chelsea and Mayfair, making property “one of the country’s biggest exports”, Savills added.

UK growth bounces back

The economy staged a remarkable bounce back in May, according to the latest estimates produced by the National Institute for Economic and Social Research which put growth at almost 1 per cent. This seems to have been a reaction to the loss of production in April, due in part to the bank holidays.

Pressure for rate rise eases

Pressure to raise interest rates eased slightly after factory gate inflation rose less than expected last month. Manufacturers raised prices by 0.2 per cent month on month in May, down from 1 per cent in April, the ONS said, leaving them up 5.3 per cent on a year ago. The drop came as oil prices dipped 0.7 per cent.

Latest stories from i100
SPONSORED FEATURES
Career Services

Day In a Page

Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

How Isis profits from destruction of antiquities

Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
10 best PS4 games

10 best PS4 games

Can’t wait for the new round of blockbusters due out this autumn? We played through last year’s offering
Migrant crisis: UN official Philippe Douste-Blazy reveals the harrowing sights he encountered among refugees arriving on Lampedusa

‘Can we really just turn away?’

Dead bodies, men drowning, women miscarrying – a senior UN figure on the horrors he has witnessed among migrants arriving on Lampedusa, and urges politicians not to underestimate our caring nature
Nine of Syria and Iraq's 10 world heritage sites are in danger as Isis ravages centuries of history

Nine of Syria and Iraq's 10 world heritage sites are in danger...

... and not just because of Isis vandalism
Girl on a Plane: An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack

Girl on a Plane

An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack
Why Frederick Forsyth's spying days could spell disaster for today's journalists

Why Frederick Forsyth's spying days could spell disaster for today's journalists

The author of 'The Day of the Jackal' has revealed he spied for MI6 while a foreign correspondent
Markus Persson: If being that rich is so bad, why not just give it all away?

That's a bit rich

The billionaire inventor of computer game Minecraft says he is bored, lonely and isolated by his vast wealth. If it’s that bad, says Simon Kelner, why not just give it all away?
Euro 2016: Chris Coleman on course to end half a century of hurt for Wales

Coleman on course to end half a century of hurt for Wales

Wales last qualified for major tournament in 1958 but after several near misses the current crop can book place at Euro 2016 and end all the indifference
Rugby World Cup 2015: The tournament's forgotten XV

Forgotten XV of the rugby World Cup

Now the squads are out, Chris Hewett picks a side of stars who missed the cut
A groundbreaking study of 'Britain's Atlantis' long buried at the bottom of the North Sea could revolutionise how we see our prehistoric past

Britain's Atlantis

Scientific study beneath North Sea could revolutionise how we see the past
The Queen has 'done and said nothing that anybody will remember,' says Starkey

The Queen has 'done and said nothing that anybody will remember'

David Starkey's assessment
Oliver Sacks said his life has been 'an enormous privilege and adventure'

'An enormous privilege and adventure'

Oliver Sacks writing about his life
'Gibraltar is British, and it is going to stay British forever'

'Gibraltar is British, and it is going to stay British forever'

The Rock's Chief Minister hits back at Spanish government's 'lies'
Britain is still addicted to 'dirty coal'

Britain still addicted to 'dirty' coal

Biggest energy suppliers are more dependent on fossil fuel than a decade ago
Orthorexia nervosa: How becoming obsessed with healthy eating can lead to malnutrition

Orthorexia nervosa

How becoming obsessed with healthy eating can lead to malnutrition