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

Austen Lloyd: Private Client Solicitor - Oxford

Excellent Salary : Austen Lloyd: OXFORD - REGIONAL FIRM - An excellent opportu...

Austen Lloyd: Clinical Negligence Associate / Partner - Bristol

Super Package: Austen Lloyd: BRISTOL - SENIOR CLINICAL NEGLIGENCE - An outstan...

Recruitment Genius: Sales Consultant - Solar Energy - OTE £50,000

£15000 - £50000 per annum: Recruitment Genius: Fantastic opportunities are ava...

Recruitment Genius: Compute Engineer

Negotiable: Recruitment Genius: A Compute Engineer is required to join a globa...

The Business Matrix: Saturday 18 June 2011

Cut-price Prada in Hong Kong IPO

Italian fashion house Prada has made it down the stockmarket catwalk – but only after cutting the price of its listing by a fifth at the last minute. Prada’s listing on Hong Kong’s Stock Exchange yesterday raised £1.3bn after it priced its stock at the bottom of the range set earlier this week. It had been expected to raise as much as £1.6bn.

Motorists face higher premiums

Motorists are facing further increases in premiums as insurers try to recoup losses racked up from soaring personal-injury claims. The industry’s losses topped £2bn last year even though premiums rose 10 per cent, according to a report by Deloitte, which estimates insurers paid out 120p for every 100p in premiums received last year

LSE wins support in TMX battle

A key investment adviser has recommended that shareholders in the Canadian stock market company TMX accept a takeover offer from the London Stock Exchange rather than a rival bid from Maple Group, a consortium of local interests. Glass, Lewis said the LSE bid represented the better alternative for TMX shareholders.

Uniq buoyed by sales boost

The Mark & Spencer food supplier Uniq said sales of “food to go” products, such as sandwiches and salads, were up 11.2 per cent in the first 21 weeks of the year following a drive to tailor more of its products to the needs of customers. Overall sales increased by 2.4 per cent following a decline of 5.9 per cent in dessert sales.

H&T gets lift from austerity Britain

H&T has predicted that its halfyearly profits will hit the top end of City forecasts this year, despite the costs of the group opening 10 new shops. Shares in the pawnbroker rose 5 per cent yesterday as it said the high gold price has meant an increased average loan, while cash-for-gold profits are also up.

CSR cuts price for Zoran takeover

CSR will buy Zoran for a reduced price of $484m (£299m). The Cambridge-based CSR, which specialises in Bluetooth chips, had originally agreed to pay $679m. But disruption caused by the Japanese earthquake and the loss of a key contract when Cisco shut its Flip video camera line saw Zoran’s losses widen.

Burren bosses to float new explorer

Bayfield Energy, founded by former Burren Energy executives, is looking to list on London’s junior AIM in early July. The float proceeds will be used to finance the group’s oil assets in Trinidad and Tobago. The directors, management and related parties have invested $47.5m (£29m) to date.

Zamin Ferrous shelves float plan

The mining start-up Zamin Ferrous has put on hold a potential London flotation due to increased interest from investors for possible tie-ups. The iron-ore miner, which has a Brazilian joint venture with ENRC, had been considering a London flotation valuing it between £2bn and £2.5bn.

MP challenges minimum wage

The former Tory minister Christopher Chope has tabled proposals to allow adult employees to opt to receive wages below the £5.93 hourly rate set by the minimum-wage legislation. He admitted his bill, described by Labour MPs as a “mean” assault on workers, would not win government support.

Tesco floor staff pass £7 an hour

Tesco is to award its 233,000 UK staff a 2.5 per cent pay increase from next month – a year after they received their last pay rise. Customer assistants – who make up about 65 per cent of the supermarket giant’s store staff – will receive an extra 0.2 per cent, taking their pay rate past £7 a hour for the first time.

Latest stories from i100
Career Services

Day In a Page

Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project
Diana Krall: The jazz singer on being friends with Elton John, outer space and skiing in Dubai

Diana Krall interview

The jazz singer on being friends with Elton John, outer space and skiing in Dubai
Pinstriped for action: A glimpse of what the very rich man will be wearing this winter

Pinstriped for action

A glimpse of what the very rich man will be wearing this winter
Russell T Davies & Ben Cook: 'Our friendship flourished online. You can share some very revelatory moments at four in the morning…'

Russell T Davies & Ben Cook: How we met

'Our friendship flourished online. You can share some very revelatory moments at four in the morning…'
Bill Granger recipes: Our chef serves up his favourite Japanese dishes

Bill Granger's Japanese recipes

Stock up on mirin, soy and miso and you have the makings of everyday Japanese cuisine
Michael Calvin: How we need more Eric Cantonas to knock some sense into us

Michael Calvin's Last Word

How we need more Eric Cantonas to knock some sense into us