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

The Jenrick Group: Electrical Maintenance Engineer

£30000 - £35000 per annum + pension + holidays: The Jenrick Group: Electrical ...

Recruitment Genius: Photo Booth Host

Negotiable: Recruitment Genius: This company offers London's best photo booth ...

Recruitment Genius: Domestic Gas Service Engineers



£25000 - £30000 per annum: Recruitment Genius: Domestic Gas Service Engineers ...

Recruitment Genius: Project Director / Operations Director

£50000 per annum: Recruitment Genius: This is an incredible opportunity for a ...

The Business Matrix: Saturday 4 June 2011

Laura Ashley hit by 1.3% sales fall

The fashion and furnishings chain Laura Ashley said like-for-like sales were down 1.3 per cent in the 17 weeks to May 28, but added that sales improved as the period wore on. The company, which operates 214 stores in the UK, expects strong overseas growth and cost cutting will help it meet expectations for the year.

Halfords in £7.5m hit from Focus

Halfords has been landed with a £7.5m hit from the collapse of Focus DIY. The charge relates to guarantees given in the 1980s to landlords of properties leased by Payless DIY, which became a part of Focus DIY when both Halfords and Payless were under the ownership of the conglomerate Ward White Group.

Hornby ‘resolves’ supply problems

Hornby has insisted the supply-chain problems which caused its annual profits to slump 21 per cent to £4.1m have been resolved in time to meet demand for London Olympics merchandise, such as its model Scalextric Velodrome. The model train and car maker has also won a licence to produce Star Wars models.

Jane Norman put up for sale

Jane Norman has kicked off a process to sell the young fashion chain, which was formerly owned by the defunct Icelandic retailer Baugur and the collapsed Icelandic bank Kaupthing. Pricewaterhouse- Coopers is handling the sale, which is thought to have been driven by the banks.

Rothschild’s firm aims to raise £1bn

An acquisition vehicle backed by financier Nat Rothschild and the former BP boss Tony Hayward could announce its intention to float as early as next week after its board approved its pathfinder prospectus. Vallares, set to be a sequel to Rothschild’s £2.5bn mining investment vehicle Vallar, is aiming to raise £1bn to invest in oil assets.

WPP investors stage pay revolt

Nearly 42 per cent of WPP investors have voted against the advertising group’s executive pay plans at its annual meeting in Dublin. The company, which is based in Ireland for tax reasons, has been critised by investor advisory groups such as Pirc for paying excessive executive bonuses and not explaining the targets that triggered them.

US job figures fuel recession fears

US employment rose far less than expected in May, fuelling fears of a double-dip recession in the world’s largest economy. The US jobless rate rose to 9.1 per cent in May, with the non-farm payrolls increasing by a mere 54,000 last month, as high energy prices and the effects of Japan’s earthquake hampered the American economy.

Opec may raise its oil output target

Opec will consider raising its oil output target at its 8 June meeting due to forecasts for rising oil demand in the second half of the year, a Gulf delegate for the oil cartel said yesterday. The International Energy Agency (IEA), the global energy watchdog, has warned that global markets urgently need extra oil as refinery demand is about to rise.

First-class boost for BA and Iberia

International Airlines Group, the owner of BA and Iberia, posted a rise in passenger traffic for May thanks to continued growth in first-class and business-class travel. Traffic, measured in revenue passenger kilometres, rose 14.1 per cent versus May 2010, while its load – how it fills its planes – was up at 78 per cent.

Greece to get aid to avoid default

Greece is likely to get a vital slice of aid in July to avoid default, its international lenders said yesterday, while the European Union also raised the prospect of expanding the state’s bailout. The European Commission, the ECB and the IMF yesterday ended a month-long review of their €110bn (£98bn) bailout.

Latest stories from i100
Career Services

Day In a Page

Surrounded by high-rise flats is a little house filled with Lebanon’s history - clocks, rifles, frogmen’s uniforms and colonial helmets

Clocks, rifles, swords, frogmen’s uniforms

Surrounded by high-rise flats is a little house filled with Lebanon’s history
Return to Gaza: Four months on, the wounds left by Israel's bombardment have not yet healed

Four months after the bombardment, Gaza’s wounds are yet to heal

Kim Sengupta is reunited with a man whose plight mirrors the suffering of the Palestinian people
Gastric surgery: Is it really the answer to the UK's obesity epidemic?

Is gastric surgery really the answer to the UK's obesity epidemic?

Critics argue that it’s crazy to operate on healthy people just to stop them eating
Homeless Veterans appeal: Christmas charity auction Part 2 - now LIVE

Homeless Veterans appeal: Christmas charity auction

Bid on original art, or trips of a lifetime to Africa or the 'Corrie' set, and help Homeless Veterans
Pantomime rings the changes to welcome autistic theatre-goers

Autism-friendly theatre

Pantomime leads the pack in quest to welcome all
The week Hollywood got scared and had to grow up a bit

The week Hollywood got scared and had to grow up a bit

Sony suffered a chorus of disapproval after it withdrew 'The Interview', but it's not too late for it to take a stand, says Joan Smith
From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?

Panto dames: before and after

From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?
Thirties murder mystery novel is surprise runaway Christmas hit

Thirties murder mystery novel is surprise runaway Christmas hit

Booksellers say readers are turning away from dark modern thrillers and back to the golden age of crime writing
Anne-Marie Huby: 'Charities deserve the best,' says founder of JustGiving

Anne-Marie Huby: 'Charities deserve the best'

Ten million of us have used the JustGiving website to donate to good causes. Its co-founder says that being dynamic is as important as being kind
The botanist who hunts for giant trees at Kew Gardens

The man who hunts giants

A Kew Gardens botanist has found 25 new large tree species - and he's sure there are more out there
The 12 ways of Christmas: Spare a thought for those who will be working to keep others safe during the festive season

The 12 ways of Christmas

We speak to a dozen people who will be working to keep others safe, happy and healthy over the holidays
Birdwatching men have a lot in common with their feathered friends, new study shows

The male exhibits strange behaviour

A new study shows that birdwatching men have a lot in common with their feathered friends...
Diaries of Evelyn Waugh, Virginia Woolf and Noël Coward reveal how they coped with the December blues

Famous diaries: Christmas week in history

Noël Coward parties into the night, Alan Clark bemoans the cost of servants, Evelyn Waugh ponders his drinking…
From noble to narky, the fall of the open letter

From noble to narky, the fall of the open letter

The great tradition of St Paul and Zola reached its nadir with a hungry worker's rant to Russell Brand, says DJ Taylor
A Christmas ghost story by Alison Moore: A prodigal daughter has a breakthrough

A Christmas ghost story by Alison Moore

The story was published earlier this month in 'Poor Souls' Light: Seven Curious Tales'