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

Recruitment Genius: Customer Services Representative

£15500 - £17000 per annum: Recruitment Genius: This international company deve...

Recruitment Genius: Field Service Engineer - Basingstoke / Reading Area

£16000 - £27000 per annum: Recruitment Genius: This established name in IT Ser...

Recruitment Genius: Transportation Contracting Manager

£33000 - £38000 per annum: Recruitment Genius: A global player and world leade...

Recruitment Genius: Experienced PPC Search Marketing Executive

£19000 - £25000 per annum: Recruitment Genius: A fantastic opportunity has ari...

The Business Matrix: Thursday 11 October 2012

Avanti shares dip 19% after losses

Shares in the telecoms satellite group Avanti Communications fell by 19 per cent after its full-year revenues and losses came in worse than expected. The London-based firm's shares dropped 65p to 283.75p, almost a six-month low. Analysts said that despite the jump in revenues from £6.1m to £15m, it was some £2m below forecasts.

Direct Line float will open at 175p

Shares in Direct Line will start trading today at 175p a piece, valuing the insurer at £2.6bn in London's biggest flotation this year. Its owner, Royal Bank of Scotland, is floating about a third of company, which also includes the Churchill and Green Flag brands. The sale was ordered by the EU as a condition of receiving state aid.

Repairing banks 'will take 5 years'

Nearly three-quarters of European banks reckon it will take at least another five years for them to repair their balance sheets following the global financial crisis, a report by Deloitte has found. The recession and the continuing crisis in the eurozone seems to be to blame for the slow recovery of the banking sector.

Smythson boosts stores and brand

The posh stationer Smythson is ramping up its expansion by opening a flagship store at Sloane Street, in Chelsea, west London. Smythson is trying to move up the style ranks to compete with top-end luxury goods groups. The opening of the 8,000 sq ft shop comes after it reopened and doubled the space of its Bond Street branch.

M&S boss jumps ship to Asos

Kate Bostock, the former head of clothing at Marks & Spencer, said yesterday she was in "awe" of Asos after the online fashion retailer hired her as its product supremo. Asos said she would bring a "wealth of experience" after the company confirmed that Robert Bready, its product director, was leaving.

Apps are on the up at NetPlay

NetPlay TV, the online gambling business, said yesterday that uptake of its mobile and tablet applications had doubled in the third quarter of this year, helping its revenues to rise by just over a third. NetPlay also saw a 52 per cent jump in new depositing casino players to 11,978 in the three months to September.

Chibuku moves into 10 countries

SABMiller, the maker of Peroni and Grolsch, has stepped up its assault on the African market by expanding its Chibuku brand into 10 countries. SAB is using the low-alcohol beer, made with maize or sorghum, to convert drinkers of illicit "moonshine" to the commercial beer market.

Vitesse reports £220,000 loss

Vitesse Media, the publisher whose titles include What Investment, said its half-yearly results were disappointing, with revenues down a third to £1m and an operating loss of £222,000. Costs were cut by 20 per cent as it invested in existing and new products.

Yorkshire BS can't stop growing

Yorkshire Building Society will open its fourth new branch this year next month at in Malton, North Yorkshire, taking its number of sites to 228. The society has opened sites in Pudsey, Bingley and Ilkley and plans eight more by the end of 2013.

Vodafone turns on 4G in South Africa

Vodafone's Vodacom unit has launched South Africa's first fourth-generation mobile phone network. It will initially be accessible in Johannesburg, with other cities following. Vodafone has also launched 4G services in Germany and Portugal.

Latest stories from i100
Career Services

Day In a Page

How to stop an asteroid hitting Earth: Would people co-operate to face down a global peril?

How to stop an asteroid hitting Earth

Would people cooperate to face a global peril?
Just one day to find €1.6bn: Greece edges nearer euro exit

One day to find €1.6bn

Greece is edging inexorably towards an exit from the euro
New 'Iron Man' augmented reality technology could help surgeons and firefighters, say scientists

'Iron Man' augmented reality technology could become reality

Holographic projections would provide extra information on objects in a person's visual field in real time
Sugary drinks 'are killing 184,000 adults around the world every year'

Sugary drinks are killing 184,000 adults around the world every year

The drinks that should be eliminated from people's diets
Pride of Place: Historians map out untold LGBT histories of locations throughout UK

Historians map out untold LGBT histories

Public are being asked to help improve the map
Lionel, Patti, Burt and The Who rock Glasto

Lionel, Patti, Burt and The Who rock Glasto

This was the year of 24-carat Golden Oldies
Paris Fashion Week

Paris Fashion Week

Thom Browne's scarecrows offer a rare beacon in commercial offerings
A year of the caliphate:

Isis, a year of the caliphate

Who can defeat the so-called 'Islamic State' – and how?
Marks and Spencer: Can a new team of designers put the spark back into the high-street brand?

Marks and Spencer

Can a new team of designers put the spark back into the high-street brand?
'We haven't invaded France': Italy's Prime Minister 'reclaims' Europe's highest peak

'We haven't invaded France'

Italy's Prime Minister 'reclaims' Europe's highest peak
Isis in Kobani: Why we ignore the worst of the massacres

Why do we ignore the worst of the massacres?

The West’s determination not to offend its Sunni allies helps Isis and puts us all at risk, says Patrick Cockburn
7/7 bombings 10 years on: Four emergency workers who saved lives recall the shocking day that 52 people were killed

Remembering 7/7 ten years on

Four emergency workers recall their memories of that day – and reveal how it's affected them ever since
Humans: Are the scientists developing robots in danger of replicating the hit Channel 4 drama?

They’re here to help

We want robots to do our drudge work, and to look enough like us for comfort. But are the scientists developing artificial intelligence in danger of replicating the TV drama Humans?
Time to lay these myths about the Deep South to rest

Time to lay these myths about the Deep South to rest

'Heritage' is a loaded word in the Dixie, but the Charleston killings show how dangerous it is to cling to a deadly past, says Rupert Cornwell
What exactly does 'one' mean? Court of Appeal passes judgement on thorny mathematical issue

What exactly does 'one' mean?

Court of Appeal passes judgement on thorny mathematical issue