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

PPC Co-Ordinator – Permanent - West Sussex – £24-£30k

£24000 - £30000 Per Annum: Clearwater People Solutions Ltd: Are you a Marketin...

Cover Supervisors - WE NEED YOU!

£70 - £90 per day: Randstad Education Hull: Randstad Education have cover supe...

Senior Asset Manager

£70000 - £75000 Per Annum: The Green Recruitment Company: Katie Robinson +44 (...

SEN British Sign Language Teacher

Negotiable: Randstad Education Birmingham: BSL teachers required to teach in a...

The Business Matrix: Saturday 4 August 2012

Cash lifeline for stricken broker

The Wall Street broker at the centre of the latest New York stock market calamity got an emergency cash injection yesterday that will keep it afloat, at least for now. A software bug this week left the NYSE in disarray, as the prices of 148 stocks fluctuated wildly. The broker Knight Capital took a £283m hit from the fiasco.

Shares of phone firm Inmarsat rise

Shares in the global satellite phones firm Inmarsat jumped nearly 11 per cent after better-than-expected half-year sales. Revenues held steady at $684m (£440m) as strong maritime revenues offset a drop in usage in Afghanistan by the government. Pre-tax profits, however, fell 12.5 per cent at $222.8m.

Global's deal referred to Ofcom

Global Radio, the owner of Capital Radio and Classic FM, received a blow yesterday when its £70m purchase of Smooth Radio from Guardian Media Group was referred to the media regulator, Ofcom. Jeremy Hunt, the Culture Secretary, intervened because the merger could affect media plurality.

Heineken to buy Tiger beer maker

The Dutch beer giant Heineken has reached an agreement to acquire Asia Pacific Breweries, the maker of Tiger beer, for $5.1bn (£3.3bn). Heineken, which also owns the Cruzcampo and Newcastle Brown Ale brands, has offered $50 a share for APB.

Bigger bonus at National Express

The National Express CEO Dean Finch will be in line for a bigger bonus this year. His potential bonus for 2012 will now be 150 per cent of his £550,000 salary, or £825,000, up from 125 per cent. He will also receive shares worth £500,000.

Cips/Markit index hits 19-month low

Hotels and restaurants bore the brunt of the downpours at the beginning of July as Britain's services firms struggled for momentum, the latest snapshot of the sector's fortunes revealed yesterday. The Cips/Markit purchasing managers' index, where a score over 50 signals growth, fell from 51.3 to 51 last month, the lowest for 19 months.

Sales of homes over £2m stall

The Budget stamp duty raid on homes worth more than £2m has triggered a 23 per cent fall in sales of properties worth between £2m and £10m in London, according to the estate agency Knight Frank. Its latest index shows prices up 0.5 per cent in July, or 49 per cent since the post credit-crunch low in 2009.

BHP boss Kloppers forgoes bonus

Marius Kloppers, the chief executive of BHP, has become the latest FTSE 100 mining boss to forgo his bonus after being forced yesterday to write $2.84bn (£1.8bn) off the value of a US shale gas business he bought at the top of the market. Mr Kloppers received about $4.7m of bonuses last time.

Dexia posts €1.2bn first-half loss

Dexia, a high-profile banking casualty of the debt crisis, has posted another huge loss as France and Belgium argue over how much their rescue of the bank will cost. Dexia, which lost €1.2bn in the first half of 2012, is being broken up under the scrutiny of European regulators.

Vodafone to open London hub

Vodafone is to open a new technology centre in the fast-growing digital hub of East London. The new centre will provide technical expertise, financial assistance and logistical support to firms in the mobile internet and creative media industries.

Career Services

Day In a Page

Alexander Fury: The designer names to look for at fashion week this season

The big names to look for this fashion week

This week, designers begin to show their spring 2015 collections in New York
Will Self: 'I like Orwell's writing as much as the next talented mediocrity'

'I like Orwell's writing as much as the next talented mediocrity'

Will Self takes aim at Orwell's rules for writing plain English
Meet Afghanistan's middle-class paint-ballers

Meet Afghanistan's middle-class paint-ballers

Toy guns proving a popular diversion in a country flooded with the real thing
Al Pacino wows Venice

Al Pacino wows Venice

Ham among the brilliance as actor premieres two films at festival
Neil Lawson Baker interview: ‘I’ve gained so much from art. It’s only right to give something back’.

Neil Lawson Baker interview

‘I’ve gained so much from art. It’s only right to give something back’.
The other Mugabe who is lining up for the Zimbabwean presidency

The other Mugabe who is lining up for the Zimbabwean presidency

Wife of President Robert Mugabe appears to have her sights set on succeeding her husband
The model of a gadget launch: Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed

The model for a gadget launch

Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed
Alice Roberts: She's done pretty well, for a boffin without a beard

She's done pretty well, for a boffin without a beard

Alice Roberts talks about her new book on evolution - and why her early TV work drew flak from (mostly male) colleagues
Get well soon, Joan Rivers - an inspiration, whether she likes it or not

Get well soon, Joan Rivers

She is awful. But she's also wonderful, not in spite of but because of the fact she's forever saying appalling things, argues Ellen E Jones
Doctor Who Into the Dalek review: A classic sci-fi adventure with all the spectacle of a blockbuster

A fresh take on an old foe

Doctor Who Into the Dalek more than compensated for last week's nonsensical offering
Fashion walks away from the celebrity runway show

Fashion walks away from the celebrity runway show

As the collections start, fashion editor Alexander Fury finds video and the internet are proving more attractive
Meet the stars of TV's Wolf Hall... and it's not the cast of the Tudor trilogy

Meet the stars of TV's Wolf Hall...

... and it's not the cast of the Tudor trilogy
Weekend at the Asylum: Europe's biggest steampunk convention heads to Lincoln

Europe's biggest steampunk convention

Jake Wallis Simons discovers how Victorian ray guns and the martial art of biscuit dunking are precisely what the 21st century needs
Don't swallow the tripe – a user's guide to weasel words

Don't swallow the tripe – a user's guide to weasel words

Lying is dangerous and unnecessary. A new book explains the strategies needed to avoid it. John Rentoul on the art of 'uncommunication'
Daddy, who was Richard Attenborough? Was the beloved thespian the last of the cross-generation stars?

Daddy, who was Richard Attenborough?

The atomisation of culture means that few of those we regard as stars are universally loved any more, says DJ Taylor