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

Project Coordinator

Competitive: The Green Recruitment Company: The Organisation: The Green Recrui...

Project Manager (HR)- Bristol - Upto £400 p/day

£350 - £400 per annum + competitive: Orgtel: Project Manager (specializing in ...

Embedded Linux Engineer

£40000 - £50000 per annum + competitive: Progressive Recruitment: Embedded Sof...

Senior Hardware Design Engineer - Broadcast

£50000 - £65000 per annum + Benefits: Progressive Recruitment: Working for a m...

The Business Matrix: Saturday 24 December 2011

 

Chinese set for a spending spree

China is to add an extra $50bn (£31.8bn) to its sovereign wealth fund to make more rapid investments in Western businesses and companies. The extra cash will boost the fund, called China Investment Corporation, to $460bn. This week it spent $240m buying a 25 per cent stake in South African resources group Shanduka.

Shoe chain plans a shop spree

Michael Ziff, the former owner of failed shoe shop chain Barratts and Priceless Shoes, has written to the landlords of 70 shops he would like to buy out of administration. Barratts went bust earlier this month and Mr Ziff is still in discussion with the administrator, Deloitte. He bought 160 Barratts stores when it went into administration in 2009.

Capita snaps up translation firm

Capita has bought a translation business that acts for courts, prisons and police forces across the UK for £7.5m and up to a further £60m based on the next four years' profits. Applied Language Services employs 130 people and can call on a bank of 17,000 translators. It made a loss of £300,000 in the year to May on revenues of £10.6m.

Experian deal for online ID expert

Credit checker Experian has bought online identity expert Garlik from private equity firms DFJ Esprit and Doughty Hanson and its founders for an undisclosed sum. Garlik's DataPatrol, helps consumers protect themselves from identity theft and financial fraud. At the end of December last year Garlik's assets totalled $1m (£637,700).

ONS figures raise double-dip fears

A slump for the biggest chunk of the UK economy set alarm bells over a double-dip recession ringing even louder yesterday. Any hopes of Christmas cheer from the Office for National Statistics were dashed as activity in the UK's dominant services sector slumped by 0.7% in October — its biggest fall in six months.

United Carpets axes dividend

Plunging profits has seen United Carpets axe its dividend. Lower demand for beds was the main problem at the 85-store retailer. Bed sales fell 11.7 per cent, leaving overall revenues down 0.8 per cent in the six months to October. Half-year, pre-tax profit was £267,000 – less than half the £604,000 reported a year ago.

Japanese buy BAE businesses

BAE Systems today sold a seat belt division whose parts are used in Porsche, Lamborghini and Lotus cars as well as another safety business to Japan's Takata Corporation for $32m (£20.3m). BAE's Schroth and safety products businesses had operations in Florida and Germany employing 150 people.

Wimpey to build London homes

Taylor Wimpey yesterday set out plans to build more than 400 new homes in London next year. Schemes under construction or with planning permission are in West Hampstead, Tufnell Park, Islington, Newham and Lewisham. Further homes are planned for Greenwich, Kensington and Camden.

Perform's €16m for German firms

Internet sports-rights owner Perform Group yesterday spent up to €16m (£13.3m) to buy two German firms – Spox Media and Mediasports Digital. Perform said the deal would enhance its presence in Europe's largest digital market. The deal comprises an upfront €3.65m and €12.35m later, depending on performance.

Linklaters' City home sold

Saudis bought Linklaters' City home at 3 Bunhill Row for over £80m yesterday. The law firm has been in the building for 10 years but is to make way for fellow lawyers Trowers & Hamlins next year. Henderson Global Investors sold it to Manafea, a Saudi client of BNP Paribas Real Estate Investment Management.

Career Services

Day In a Page

Save the tiger: The animals bred for bones on China’s tiger farms

The animals bred for bones on China’s tiger farms

The big cats kept in captivity to perform for paying audiences and then, when dead, their bodies used to fortify wine
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK

A former custard factory, a Midlands bog and a Leeds cemetery

Introducing the top 50 hidden spots in Britain
Ebola epidemic: Plagued by fear

Ebola epidemic: Plagued by fear

How a disease that has claimed fewer than 2,000 victims in its history has earned a place in the darkest corner of the public's imagination
Chris Pratt: From 'Parks and Recreation' to 'Guardians of the Galaxy'

From 'Parks and Recreation' to 'Guardians of the Galaxy'

He was homeless in Hawaii when he got his big break. Now the comic actor Chris Pratt is Hollywood's new favourite action star
How live cinema screenings can boost arts audiences

How live cinema screenings can boost arts audiences

Broadcasting plays and exhibitions to cinemas is a sure-fire box office smash
Shipping container hotels: Pop-up hotels filling a niche

Pop-up hotels filling a niche

Spending the night in a shipping container doesn't sound appealing, but these mobile crash pads are popping up at the summer's biggest events
Native American headdresses are not fashion accessories

Feather dust-up

A Canadian festival has banned Native American headwear. Haven't we been here before?
Boris Johnson's war on diesel

Boris Johnson's war on diesel

11m cars here run on diesel. It's seen as a greener alternative to unleaded petrol. So why is London's mayor on a crusade against the black pump?
5 best waterproof cameras

Splash and flash: 5 best waterproof cameras

Don't let water stop you taking snaps with one of these machines that will take you from the sand to meters deep
Louis van Gaal interview: Manchester United manager discusses tactics and rebuilding after the David Moyes era

Louis van Gaal interview

Manchester United manager discusses tactics and rebuilding after the David Moyes era
Will Gore: The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series

Will Gore: Outside Edge

The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series
The children were playing in the street with toy guns. The air strikes were tragically real

The air strikes were tragically real

The children were playing in the street with toy guns
Boozy, ignorant, intolerant, but very polite – The British, as others see us

Britain as others see us

Boozy, ignorant, intolerant, but very polite
How did our legends really begin?

How did our legends really begin?

Applying the theory of evolution to the world's many mythologies
Watch out: Lambrusco is back on the menu

Lambrusco is back on the menu

Naff Seventies corner-shop staple is this year's Aperol Spritz