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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.