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

Guru Careers: Software Developer / C# Developer

£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...

Guru Careers: Software Developer

£35 - 40k + Benefits: Guru Careers: We are seeking a Software Developer (JavaS...

SThree: Trainee Recruitment Consultant / Resourcer

£18000 - £23000 per annum + Commission: SThree: As a Trainee Recruitment Consu...

Ashdown Group: UI Developer - (UI, HTML, CSS, JavaScript, AngularJS)

£25000 - £40000 per annum: Ashdown Group: UI Developer - (UI, JavaScript, HTML...

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

Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine
Letterman's final Late Show: Laughter, but no tears, as David takes his bow after 33 years

Laughter, but no tears, as Letterman takes his bow after 33 years

Veteran talkshow host steps down to plaudits from four presidents
Ivor Novello Awards 2015: Hozier wins with anti-Catholic song 'Take Me To Church' as John Whittingdale leads praise for Black Sabbath

Hozier's 'blasphemous' song takes Novello award

Singer joins Ed Sheeran and Clean Bandit in celebration of the best in British and Irish music
Tequila gold rush: The spirit has gone from a cheap shot to a multi-billion pound product

Join the tequila gold rush

The spirit has gone from a cheap shot to a multi-billion pound product
12 best statement wallpapers

12 best statement wallpapers

Make an impact and transform a room with a conversation-starting pattern
Paul Scholes column: Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?

Paul Scholes column

Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?