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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 Hundreds arrested as Canadian police smash worldwide paedophile ring
- 2 Sherlock series 3: Benedict Cumberbatch and Martin Freeman provide teasers for the biggest comeback in British television
- 3 The man who made Femen: New film outs Victor Svyatski as the mastermind behind the protest group and its breast-baring stunts
- 4 Mass murder in the Middle East is funded by our friends the Saudis
- 5 Japan cracks down on leaks after scandal of Fukushima nuclear power plant