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

Guru Careers: Software Developer / C# Developer

£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...

Guru Careers: Software Developer

£35 - 40k + Benefits: Guru Careers: We are seeking a Software Developer (JavaS...

SThree: Trainee Recruitment Consultant / Resourcer

£18000 - £23000 per annum + Commission: SThree: As a Trainee Recruitment Consu...

Ashdown Group: UI Developer - (UI, HTML, CSS, JavaScript, AngularJS)

£25000 - £40000 per annum: Ashdown Group: UI Developer - (UI, JavaScript, HTML...

The Business Matrix: Thursday 10 November 2011

 

Supergroup's IT glitch hits sales

Supergroup has said that the warehouse fiasco that prevented it from replenishing stock in stores in the early autumn has now been largely "rectified". But the owner of the trendy Superdry brand admitted that the IT glitch – which led to a profit warning in October – had resulted in substantially lower sales in its second quarter.

Injury claims stall Admiral's profits

The car insurer Admiral warned that higher-than-normal levels of personal injury claims were likely to dent its profits growth. Shares in the group, which owns Elephant and price comparison site Confused, slumped by a quarter after it said that current trends suggested that 2011 profits were now set to be towards the bottom end of City hopes.

Boss's leave could damage Lloyds

Lloyds Banking Group suffered a fresh blow when the ratings agency Moody's said it was considering cutting its rating on its debt as a result of the leave taken by its chief executive, Antonio Horta-Osorio. The bank said Mr Horta-Osorio was taking the break "on medical advice" and expects him to return in a month or two.

Olympus urged to recall Woodford

Baillie Gifford, one of the largest investors in Olympus, has called on the troubled camera and endoscope maker to reinstate Michael Woodford as chief executive. Mr Woodford was sacked by the Japanese group after he questioned the high fees paid to advisers on acquisitions. The company has since admitted it used such deals to hide losses.

SSE profits down by 25 per cent

SSE has posted a 25 per cent fall in half-year profits to £287m as soaring wholesale gas costs meant it supplied household energy at a loss until it increased bills in September. The energy giant, which trades as Southern Electric, Swalec and Scottish Hydro, also said consumers had cut gas usage by 16 per cent.

Chinese industrial output weakens

Chinese industrial output grew at its weakest annual pace in a year in October and inflation fell sharply, raising expectations Beijing will do more to support economic growth by a "fine tuning" policy. China's annual inflation rate fell to 5.5 per cent in October from September's 6.1 per cent.

Flybe reduces winter timetable

Flybe reported soaring half-yearly profits yesterday but said it will reduce capacity by 6 per cent over the winter amid falling demand. Europe's biggest regional airline said profits rose 74 per cent to £14m after it was boosted by higher passenger numbers in the UK and the acquisition of an airline in Finland.

FirstGroup's profits on track

FirstGroup said profits from its rail division surged but warned that demand for bus travel is being hit by the worsening economy. First-half profits at its rail division, which runs First Great Western, TransPennine Express, First Capital Connect and First ScotRail, rose 15 per cent to £56m.

Russia weighs on Carlsberg

The Danish brewer Carlsberg posted a worst than expected 21 per cent fall in third-quarter profits, hurt by a contraction of its key Russian market and rising raw materials costs. The world's fourth-largest brewer said the Russian market, about 40 per cent of group sales, had declined by 7 per cent.

Brazilian sales cheer AB InBev

Anheuser-Busch InBev, the world's largest brewer, increased profits by more than expected in the third quarter after charging more for the same amount of beer. The maker of Budweiser and Stella Artois persuaded increasingly affluent Brazilians to swallow higher prices and US drinkers to shift to premium brands.

Latest stories from i100
Career Services

Day In a Page

Abuse - and the hell that came afterwards

Abuse - and the hell that follows

James Rhodes on the extraordinary legal battle to publish his memoir
Why we need a 'tranquility map' of England, according to campaigners

It's oh so quiet!

The case for a 'tranquility map' of England
'Timeless fashion': It may be a paradox, but the industry loves it

'Timeless fashion'

It may be a paradox, but the industry loves it
If the West needs a bridge to the 'moderates' inside Isis, maybe we could have done with Osama bin Laden staying alive after all

Could have done with Osama bin Laden staying alive?

Robert Fisk on the Fountainheads of World Evil in 2011 - and 2015
New exhibition celebrates the evolution of swimwear

Evolution of swimwear

From bathing dresses in the twenties to modern bikinis
Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine