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

Ashdown Group: Practice Accountant - Bournemouth - £38,000

£32000 - £38000 per annum: Ashdown Group: A successful accountancy practice in...

SThree: Trainee Recruitment Consultant

£18000 - £23000 per annum + Uncapped commission: SThree: Does earning a 6 figu...

Recruitment Genius: SEO Executive

£18000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...

Recruitment Genius: New Lift Sales Executive - Lift and Elevators

£35000 - £40000 per annum: Recruitment Genius: A challenging opportunity for a...

The Business Matrix: Saturday 6 October 2012

Samsung shrugs off court defeat

Booming sales of Galaxy smartphones put Samsung on course for another record quarter as the South Korean giant shrugged off its recent legal defeat to rival Apple. The electronics giant revealed it is set to shatter forecasts with profits of 8.1 trillion won (£4.5 bn) for the July-September period – almost double the same period last year.

Wall Street chief: Bankers overpaid

Morgan Stanley's chief executive, James Gorman, says pay should fall in line with bank profits and shareholder returns. There are now too many bankers chasing too little business, he says, a remark that suggests many more job cuts are likely. Mr Gorman was paid $10.5m (£6.5m) last year, but did take a 25 per cent pay cut.

Shoppers hungry for comfort

The chilly autumn weather has triggered a hunger for comfort food, with Waitrose saying its new Heston Blumenthal-branded fish pies, chilli con carne and macaroni cheese helped ready-meal sales to surge 20 per cent in the week to 29 September. Sales of bath and shower toiletries rose 32 per cent.

Morrisons gears up for expansion

Morrisons has named a managing director for its fledgling convenience stores operation, ahead of a major expansion in London and the South-east. Gordon Mowat, the supermarket's group strategy director, will step into the newly created role to lead Morrisons' plans to open 70 of its M-local smaller shops before the end of 2013.

Credit Suisse faces 'toxic' inquiry

Credit Suisse has become the second investment bank in four days to face a US crackdown over "toxic" mortgage-backed products sold before the credit crunch. The inquiry by the Department of Justice and the New York attorney general Eric Schneiderman follows a lawsuit against JP Morgan.

Wood upbeat despite loss

Energy services company Wood Group yesterday cheered investors with an upbeat statement, confirming that it continues to deliver good growth. Wood said all three of its divisions were performing well, but it confirmed that contract problems in Oman would lead to a loss of $15m (£9m) to $20m this year.

Chinese maker Huawei grows

Huawei, the Chinese telecoms equipment company, is growing fast in Britain with revenues surging 12 per cent to £315.2m last year. Accounts for the UK unit show a pre-tax profit of £7.9m against £6.6m a year earlier. Huawei'sells equipment to mobile and fixed-line operators.

Snack supplier Zetar gobbled up

The snack-maker Zetar, which is licensed to make products for brands including Marmite, Hello Kitty and Disney, is to be bought by Germany's Zertus in a deal worth £43m, or 297p a share, a premium of more than 25 per cent on Zetar's closing share price on Thursday.

Rare coin dealer Avarae loses shine

Avarae Global Coins, the UK's only listed rare-coin dealer, today said first-half sales tumbled by about two-thirds. The AIM-listed dealer added that revenues in the six months to September 30 would be "not less than £450,000".

General Motors 'to keep Opel'

US car giant General Motors has denied that it could get rid of Opel after reports that if its planned alliance with PSA Peugeot Citroen fails Fiat could step in. GM vice chairman Stephen Girsky said: "Opel is not for sale. GM fully stands behind Opel".

Latest stories from i100
Career Services

Day In a Page

The saffron censorship that governs India: Why national pride and religious sentiment trump freedom of expression

The saffron censorship that governs India

Zareer Masani reveals why national pride and religious sentiment trump freedom of expression
Prince Charles' 'black spider' letters to be published 'within weeks'

Prince Charles' 'black spider' letters to be published 'within weeks'

Supreme Court rules Dominic Grieve's ministerial veto was invalid
Distressed Zayn Malik fans are cutting themselves - how did fandom get so dark?

How did fandom get so dark?

Grief over Zayn Malik's exit from One Direction seemed amusing until stories of mass 'cutting' emerged. Experts tell Gillian Orr the distress is real, and the girls need support
The galaxy collisions that shed light on unseen parallel Universe

The cosmic collisions that have shed light on unseen parallel Universe

Dark matter study gives scientists insight into mystery of space
The Swedes are adding a gender-neutral pronoun to their dictionary

Swedes introduce gender-neutral pronoun

Why, asks Simon Usborne, must English still struggle awkwardly with the likes of 's/he' and 'they'?
Disney's mega money-making formula: 'Human' remakes of cartoon classics are part of a lucrative, long-term creative plan

Disney's mega money-making formula

'Human' remakes of cartoon classics are part of a lucrative, long-term creative plan
Lobster has gone mainstream with supermarket bargains for £10 or less - but is it any good?

Lobster has gone mainstream

Anthea Gerrie, raised on meaty specimens from the waters around Maine, reveals how to cook up an affordable feast
Easter 2015: 14 best decorations

14 best Easter decorations

Get into the Easter spirit with our pick of accessories, ornaments and tableware
Paul Scholes column: Gareth Bale would be a perfect fit at Manchester United and could turn them into serious title contenders next season

Paul Scholes column

Gareth Bale would be a perfect fit at Manchester United and could turn them into serious title contenders next season
Inside the Kansas greenhouses where Monsanto is 'playing God' with the future of the planet

The future of GM

The greenhouses where Monsanto 'plays God' with the future of the planet
Britain's mild winters could be numbered: why global warming is leaving UK chillier

Britain's mild winters could be numbered

Gulf Stream is slowing down faster than ever, scientists say
Government gives £250,000 to Independent appeal

Government gives £250,000 to Independent appeal

Donation brings total raised by Homeless Veterans campaign to at least £1.25m
Oh dear, the most borrowed book at Bank of England library doesn't inspire confidence

The most borrowed book at Bank of England library? Oh dear

The book's fifth edition is used for Edexcel exams
Cowslips vs honeysuckle: The hunt for the UK’s favourite wildflower

Cowslips vs honeysuckle

It's the hunt for UK’s favourite wildflower
Child abuse scandal: Did a botched blackmail attempt by South African intelligence help Cyril Smith escape justice?

Did a botched blackmail attempt help Cyril Smith escape justice?

A fresh twist reveals the Liberal MP was targeted by the notorious South African intelligence agency Boss