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

Recruitment Genius: Physiotherapist / Sports Therapist

£20000 - £50000 per annum: Recruitment Genius: A Physiotherapist / Sports Ther...

Recruitment Genius: Sales Executive / Advisor

£8 - £9 per hour: Recruitment Genius: Sales Executives / Advisors are required...

Recruitment Genius: Warehouse Operative

£14000 - £15000 per annum: Recruitment Genius: An opportunity has arisen for a...

Ashdown Group: Senior .Net Developer - Kingston Upon Thames, Surrey

£70000 - £80000 per annum: Ashdown Group: A long-established, technology rich ...

The Business Matrix: Saturday 3 May 2014

Williams races back into profit

The Williams Formula One team returned to profit last year, despite a poor season on the track for the former world champions, helped by a one-off payment from its outgoing sponsor, the Venezuelan oil company PDVSA. That meant Williams, the only F1 team with a listing, posted a £12m profit.

Carlyle is biggest private equity firm

Carlyle is the world’s biggest private equity investor after raising a $30.5bn (£18.1bn) war chest in five years, according to figures from Private Equity International. Carlyle, which owns the RAC and the minicab firm Addison Lee among others, overtook rival TPG after raising $22bn in 2013.

Direct Line takes £60m winter hit

Direct Line said yesterday that claims related to the harsh winter weather cost it £60m in the first quarter of the year. The company, which was spun out of Royal Bank of Scotland in 2012, also said the cost of buying a motor insurance policy had fallen by 4 per cent owing to competition across the market.

Rentokil sees 36% more enquiries

More vermin creeping into homes and offices saw the Queen’s rat-catcher, Rentokil Initial, enjoy a 36 per cent rise in enquiries in Britain in the first three months of the year. Overall, pre-tax profit in the three months rose 6 per cent to £19.3m, although it was held back by the strengthening pound.

Cips reports slow growth for April

Builders enjoyed a year of growth as a housebuilding revival sparked by the Help to Buy scheme spurred the industry in April. But the overall pace of expansion slowed last month, with the Cips purchasing managers’ index  falling from 62.5 to 60.8, as flood work among civil engineers eased off.

Fremantle ends All3Media talks

FremantleMedia, the TV company which makes The X Factor, has walked away from talks about buying All3Media, producer of Gogglebox, The Only Way Is Essex and Hollyoaks. It is believed that Fremantle, part of RTL, felt All3Media’s private equity owner Permira was looking for too high a price.

InterContinental cheers investors

Chinese tourists flocking to the UK helped the giant InterContinental Hotels Group post its strongest revenue growth for nearly two year. First-quarter global revenue per available room – a key industry measure – grew 6 per cent and the group said it would hand £444m back to investors.

£550m Scottish Widows is sold

Aberdeen Asset Management has completed the £550m acquisition of Scottish Widows Investment Partnership, making it Europe’s biggest independent asset manager, with funds of more than £330bn. Aberdeen bought the business from the partially state-owned Lloyds Banking Group.

Google sued ‘for abusing position’

A member of the public is suing Google over claims that it abused its market position by forcing manufacturers of mobile phones and tablets that use its Android system to also provide Google apps. This makes it more expensive for consumers to use others, the lawsuit says.

Stephenson quits Barclays for UBS

Ros Stephenson, the chairman of investment banking at Barclays Bank, has quit to join UBS amid a reorganisation of the securities business. Stephenson, 52, will become UBS’s global chairman of corporate client solutions, based in New York.

Latest stories from i100
Career Services

Day In a Page

Homeless Veterans campaign: Donations hit record-breaking £1m target after £300,000 gift from Lloyds Bank

Homeless Veterans campaign

Donations hit record-breaking £1m target after huge gift from Lloyds Bank
Flight MH370 a year on: Lost without a trace – but the search goes on

Lost without a trace

But, a year on, the search continues for Flight MH370
Germany's spymasters left red-faced after thieves break into brand new secret service HQ and steal taps

Germany's spy HQ springs a leak

Thieves break into new €1.5bn complex... to steal taps
International Women's Day 2015: Celebrating the whirlwind wit of Simone de Beauvoir

Whirlwind wit of Simone de Beauvoir

Simone de Beauvoir's seminal feminist polemic, 'The Second Sex', has been published in short-form for International Women's Day
Mark Zuckerberg’s hiring policy might suit him – but it wouldn’t work for me

Mark Zuckerberg’s hiring policy might suit him – but it wouldn’t work for me

Why would I want to employ someone I’d be happy to have as my boss, asks Simon Kelner
Confessions of a planespotter: With three Britons under arrest in the UAE, the perils have never been more apparent

Confessions of a planespotter

With three Britons under arrest in the UAE, the perils have never been more apparent. Sam Masters explains the appeal
Russia's gulag museum 'makes no mention' of Stalin's atrocities

Russia's gulag museum

Ministry of Culture-run site 'makes no mention' of Stalin's atrocities
The big fresh food con: Alarming truth behind the chocolate muffin that won't decay

The big fresh food con

Joanna Blythman reveals the alarming truth behind the chocolate muffin that won't decay
Virginia Ironside was my landlady: What is it like to live with an agony aunt on call 24/7?

Virginia Ironside was my landlady

Tim Willis reveals what it's like to live with an agony aunt on call 24/7
Paris Fashion Week 2015: The wit and wisdom of Manish Arora's exercise in high camp

Paris Fashion Week 2015

The wit and wisdom of Manish Arora's exercise in high camp
8 best workout DVDs

8 best workout DVDs

If your 'New Year new you' regime hasn’t lasted beyond February, why not try working out from home?
Paul Scholes column: I don't believe Jonny Evans was spitting at Papiss Cissé. It was a reflex. But what the Newcastle striker did next was horrible

Paul Scholes column

I don't believe Evans was spitting at Cissé. It was a reflex. But what the Newcastle striker did next was horrible
Miguel Layun interview: From the Azteca to Vicarage Road with a million followers

From the Azteca to Vicarage Road with a million followers

Miguel Layun is a star in Mexico where he was criticised for leaving to join Watford. But he says he sees the bigger picture
Frank Warren column: Amir Khan ready to meet winner of Floyd Mayweather v Manny Pacquiao

Khan ready to meet winner of Mayweather v Pacquiao

The Bolton fighter is unlikely to take on Kell Brook with two superstar opponents on the horizon, says Frank Warren
War with Isis: Iraq's government fights to win back Tikrit from militants - but then what?

Baghdad fights to win back Tikrit from Isis – but then what?

Patrick Cockburn reports from Kirkuk on a conflict which sectarianism has made intractable