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The Business Matrix: Saturday 22 June 2013
Bumi to miss trading deadline
Bumi, the coal group, will not meet a self-imposed deadline of next week to resume trading in its shares. Chief executive Nick von Schirnding asked for trading to be suspended in April to sort out a $201m (£130m) black hole in one of its business units.
Job cuts can't stop worse loss at Flybe
Regional airline Flybe has flown further into the red, blaming lower demand for domestic flights, high fuel bills and airport charges. Its annual, pre-tax loss slumped to £40.7m from £6.2m a year earlier. This was despite axeing 490 jobs to save money.
Cupid attracting 'a number' of suitors
Someone's checking out the assets of Cupid, the online dating site, and could be interested in hooking up. The group behind UniformDating.com and LoveAgain.com has received "a number of recent approaches" for its casual dating sites such as benaughty.com and flirt.com, and added that it was "exploring the proposed opportunities".
Footsie falls to a five-month low
The FTSE 100 index hit a five-month low yesterday as it ended a fifth-successive week of losses, while disruption in Greece signalled there could be more turmoil ahead. Following a dramatic, 3 per cent plunge on the blue-chip index on Thursday the FTSE closed down 0.7 per cent at 6,116.17, a level not seen since January.
- 1 Germanwings crash: Police make 'significant discovery' at home of co-pilot Andreas Lubitz
- 2 Germanwings captain Patrick Sondenheimer tried to break into locked cockpit door 'with an axe' as plane was descending
- 3 Zayn Malik already working on solo material, just days after quitting One Direction
- 4 The West has it totally wrong on Lee Kuan Yew
- 5 #FreeTheNipple: Women in Iceland bare breasts in solidarity with trolled student