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

Year 5 Teacher

£80 - £140 per day: Randstad Education Leeds: Year 5 Teacher KS2 teaching job...

Software Developer

£35000 - £45000 Per Annum Pensions Scheme After 6 Months: Clearwater People So...

Systems Analyst / Business Analyst - Central London

£35000 - £37000 per annum + Benefits: Ashdown Group: Systems Analyst / Busines...

Senior Change Engineer (Network, Cisco, Juniper) £30k

£30000 - £35000 per annum + Benefits: Ampersand Consulting LLP: Senior Change ...

The Business Matrix: Saturday 22 September 2012

Adidas takes €1bn Reebok hit

Adidas, supplier of Olympic kit for Team GB – including cyclist Victoria Pendleton – has slashed sales forecasts for its Reebok brand after it lost to Nike the rights to supply all NFL American football jerseys. The company also discovered fraud in its Indian business. Adidas chopped Reebok's targets by €1bn to just €2bn

HMV woes mount in slow summer

Loss-making retailer HMV blamed a "very quiet new release schedule" in music, DVD and games markets for poor summer sales. Like-for-like retail sales at HMV fell by 11.6 per cent over the 20 weeks to 15 September. The company, which has 243 shops in the UK and Ireland, suffered a loss of £16.2m for the year to April.

Buyers circle Aer Lingus stake

Ryanair chief executive Michael O'Leary said the low cost airline has received a number of approaches to buy its 30 per cent stake in Aer Lingus. Addressing shareholders at yesterday's annual meeting in Dublin, O'Leary said Ryanair had been approached by other airlines and financial institutions who wanted to break up Aer Lingus.

G4S recovers in Scotland

Beleaguered security giant G4S has won its first British contract since failing to provide enough guards for the London Olympics. The £20m, five-year deal with the Scottish government to manage electronic tagging of offenders comes at a crucial time for G4S. It has already taken a £50m hit on the Games.

BP eyes Rosneft share swoop

Oil giant BP yesterday said it was ready to invest in state-owned Russian rival Rosneft if the British firm sold its 50 per cent stake in troubled joint venture TNK-BP. BP said: "If we are successful in selling our stake in TNK-BP we would be interested in investing some of the proceeds in buying shares in Rosneft."

Bloomsbury in Indian move

Harry Potter publisher Bloomsbury has launched its own imprint in India. Chief executive Nigel Newton has high hopes for Bloomsbury India, saying the country has "probably more of the book-buying demographic than that of the UK, US and Canada combined".

British Land sells supermarkets

British Land has sold seven supermarkets to a variety of investors for a total of £118m. The property group, which is the largest owner of supermarket buildings outside the retailers themselves, said all the sites had been sold at or above their March book value.

Investec bankers sue for bonuses

Two former Investec bankers are suing the Anglo-South African financial services group for £6.3m in a claim for unpaid bonuses. Andrew Brogden, who ran the structured finance desk until 2011, and deputy Robert Reid have made the claim, which the bank said "had no merit". whatsoever."

Achica breaks through 1m mark

Achica, the online homewares retailer set up by the co-founder of Asos, said its customer numbers have smashed through the 1 million barrier this month. The private members' site sells luxury brands at up to 70 per cent off via flash sales lasting 48 hours.

Millar time as Richemont buys

Luxury goods giant Richemont yesterday added upmarket leisure-wear brand Peter Millar to a wardrobe, which already holds Chloe clothes and Cartier jewellery. The deal for the brand comes weeks after a Burberry profit warning shook the sector.

Latest stories from i100
Career Services

Day In a Page

Two super-sized ships have cruised into British waters, but how big can these behemoths get?

Super-sized ships: How big can they get?

Two of the largest vessels in the world cruised into UK waters last week
British doctors on brink of 'cure' for paralysis with spinal cord treatment

British doctors on brink of cure for paralysis

Sufferers can now be offered the possibility of cure thanks to a revolutionary implant of regenerative cells
Ranked seventh in world’s best tourist cities - not London, or Edinburgh, but Salisbury

Salisbury ranked seventh in world’s best tourist cities

The city is home to one of the four surviving copies of the Magna Carta, along with the world’s oldest mechanical clock
Let's talk about loss

We need to talk about loss

Secrecy and silence surround stillbirth
Will there be an all-female mission to Mars?

Will there be an all-female mission to Mars?

Women may be better suited to space travel than men are
Oscar Pistorius sentencing: The athlete's wealth and notoriety have provoked a long overdue debate on South African prisons

'They poured water on, then electrified me...'

If Oscar Pistorius is sent to jail, his experience will not be that of other inmates
James Wharton: The former Guard now fighting discrimination against gay soldiers

The former Guard now fighting discrimination against gay soldiers

Life after the Army has brought new battles for the LGBT activist James Wharton
Ebola in the US: Panic over the virus threatens to infect President Obama's midterms

Panic over Ebola threatens to infect the midterms

Just one person has died, yet November's elections may be affected by what Republicans call 'Obama's Katrina', says Rupert Cornwell
Premier League coaches join the RSC to swap the tricks of their trades

Darling, you were fabulous! But offside...

Premier League coaches are joining the RSC to learn acting skills, and in turn they will teach its actors to play football. Nick Clark finds out why
How to dress with authority: Kirsty Wark and Camila Batmanghelidjh discuss the changing role of fashion in women's workwear

How to dress with authority

Kirsty Wark and Camila Batmanghelidjh discuss the changing role of fashion in women's workwear
New book on Joy Division's Ian Curtis sheds new light on the life of the late singer

New book on Ian Curtis sheds fresh light on the life of the late singer

'Joy Division were making art... Ian was for real' says author Jon Savage
Sean Harris: A rare interview with British acting's secret weapon

Sean Harris: A rare interview with British acting's secret weapon

The Bafta-winner talks Hollywood, being branded a psycho, and how Barbra Streisand is his true inspiration
Tim Minchin, interview: The musician, comedian and world's favourite ginger is on scorching form

Tim Minchin interview

For a no-holds-barred comedian who is scathing about woolly thinking and oppressive religiosity, he is surprisingly gentle in person
Boris Johnson's boozing won't win the puritan vote

Boris's boozing won't win the puritan vote

Many of us Brits still disapprove of conspicuous consumption – it's the way we were raised, says DJ Taylor
Ash frontman Tim Wheeler reveals how he came to terms with his father's dementia

Tim Wheeler: Alzheimer's, memories and my dad

Wheeler's dad suffered from Alzheimer's for three years. When he died, there was only one way the Ash frontman knew how to respond: with a heartfelt solo album