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

Service Desk Analyst (Graduate, Helpdesk, Desktop, Surrey)

Negotiable: Harrington Starr: Service Desk Analyst (Graduate, Helpdesk, Deskto...

Service Desk Analyst (Graduate, Helpdesk, Desktop, Surrey)

Negotiable: Harrington Starr: Service Desk Analyst (Graduate, Helpdesk, Deskto...

Junior Quant Analyst - C++, Boost, Data Mining

£25000 - £35000 per annum: Harrington Starr: Junior Quant Analyst - C++, Boost...

Service Desk Analyst- (Desktop Support, Help desk)

£25000 - £35000 per annum: Harrington Starr: Service Desk Analyst- (Desktop Su...

The Business Matrix: Thursday 12 June 2014

Strong euro eats into Inditex profit

The strong euro has helped to slice more than 7 per cent off profits at the fashion group behind the Zara label. The Spanish clothing giant Inditex reported a 7.3 per cent fall in net profit to €406m (£327m) for the first quarter, better than forecasts , as sales climbed by 4 per cent to €3.7bn compared with a year ago.

Cost-cutting puts Flybe in the black

Flybe has posted its first  annual profit after four years in the red. Severe cost-cutting helped the budget airline report an annual pre-tax profit of £8.1m – up from a £41.1m loss the previous year. The group is adding new routes including more options out of Birmingham and a return to London City airport in October.

Formal complaint for Baker Tilly

Three and a half years after it launched an inquiry into the auditing of electric vehicles firm Tanfield, the Financial Reporting Council has issued a formal complaint again Baker Tilly and two of its partners, over its “audit of significant balance sheet items in the 2007 financial statements”. In 2008 Tanfield posted losses of £88m.

Diageo secures its brands’ heritage

The drinks giant Diageo has opened the doors to a new £1.5m museum for more than half a million items of drinks heritage from brands such as Johnnie Walker and Smirnoff. The collection, in the village of Menstrie, near Alloa, is curated by a team of professional archivists and includes items dating back over four centuries.

Betfair talks up World Cup hopes

Betfair has predicted that  “literally billions” will be staked on the World Cup on the betting exchange, which allows punters to bet against each other while it takes a commission. The  group, which made £10m on the last World Cup, also said its underlying annual profits rose by 24 per cent to £91m.

Crossrail adviser Hyder takes hit

Annual profits at Hyder Consulting, the engineer advising on the £16bn London Crossrail project, slumped to £5.4m, down from nearly £17m a year ago. Revenues at the company, which warned earlier this year about a hit from delayed projects in Australia, fell by £1.3m to £297m.

Cost savings help at flat WH Smith

WH Smith has said it  continues to trade in line with expectations, with total sales in the first 14 weeks of the second half flat on a year earlier.  Like-for-like sales were down  2 per cent, although cost  savings have been delivered  in line with plan.

Rivals blamed for Lufthansa drop

Lufthansa drastically cut  back its profit targets for the next two years, citing competition from Middle East and  low-cost rivals. Its shares fell  14 per cent after Europe’s biggest-selling airline lowered its earnings forecast to €1bn (£800m) from €1.3bn-€1.5bn.

Essar’s Stanlow refinery for sale

Essar is planning to sell the Stanlow refinery in Ellesmere Port, according to Reuters  last night. The Indian industrial and energy group, which is delisting from the London Stock Exchange, paid Shell $350m for the refinery in 2011.

McCarthy gets more approvals

The retirement housing builder McCarthy & Stone has received 31 planning consents in the past five months, delivering 1,102 units with a forward sales value of £250m. The latest consents include sites in Chichester, Kidlington and Drayton.

Career Services

Day In a Page

Air strikes? Talk of God? Obama is following the jihadists’ script

Air strikes? Talk of God? Obama is following the jihadists’ script

The President came the nearest he has come yet to rivalling George W Bush’s gormless reaction to 9/11 , says Robert Fisk
Ebola outbreak: Billy Graham’s son declares righteous war on the virus

Billy Graham’s son declares righteous war on Ebola

A Christian charity’s efforts to save missionaries trapped in Africa by the crisis have been justifiably praised. But doubts remain about its evangelical motives
Jeremy Clarkson 'does not see a problem' with his racist language on Top Gear, says BBC

Not even Jeremy Clarkson is bigger than the BBC, says TV boss

Corporation’s head of television confirms ‘Top Gear’ host was warned about racist language
Nick Clegg the movie: Channel 4 to air Coalition drama showing Lib Dem leader's rise

Nick Clegg the movie

Channel 4 to air Coalition drama showing Lib Dem leader's rise
Philip Larkin: Misogynist, racist, miserable? Or caring, playful man who lived for others?

Philip Larkin: What will survive of him?

Larkin's reputation has taken a knocking. But a new book by James Booth argues that the poet was affectionate, witty, entertaining and kind, as hitherto unseen letters, sketches and 'selfies' reveal
Madame Tussauds has shown off its Beyoncé waxwork in Regent's Park - but why is the tourist attraction still pulling in the crowds?

Waxing lyrical

Madame Tussauds has shown off its Beyoncé waxwork in Regent's Park - but why is the tourist attraction still pulling in the crowds?
Texas forensic astronomer finally pinpoints the exact birth of impressionism

Revealed (to the minute)

The precise time when impressionism was born
From slow-roasted to sugar-cured: how to make the most of the British tomato season

Make the most of British tomatoes

The British crop is at its tastiest and most abundant. Sudi Pigott shares her favourite recipes
10 best men's skincare products

Face it: 10 best men's skincare products

Oscar Quine cleanses, tones and moisturises to find skin-savers blokes will be proud to display on the bathroom shelf
Malky Mackay allegations: Malky Mackay, Iain Moody and another grim day for English football

Mackay, Moody and another grim day for English football

The latest shocking claims do nothing to dispel the image that some in the game on these shores exist in a time warp, laments Sam Wallace
La Liga analysis: Will Barcelona's hopes go out of the window?

Will Barcelona's hopes go out of the window?

Pete Jenson starts his preview of the Spanish season, which begins on Saturday, by explaining how Fifa’s transfer ban will affect the Catalans
Middle East crisis: We know all too much about the cruelty of Isis – but all too little about who they are

We know all too much about the cruelty of Isis – but all too little about who they are

Now Obama has seen the next US reporter to be threatened with beheading, will he blink, asks Robert Fisk
Neanderthals lived alongside humans for centuries, latest study shows

Final resting place of our Neanderthal neighbours revealed

Bones dated to 40,000 years ago show species may have died out in Belgium species co-existed
Scottish independence: The new Scots who hold fate of the UK in their hands

The new Scots who hold fate of the UK in their hands

Scotland’s immigrants are as passionate about the future of their adopted nation as anyone else
Britain's ugliest buildings: Which monstrosities should be nominated for the Dead Prize?

Blight club: Britain's ugliest buildings

Following the architect Cameron Sinclair's introduction of the Dead Prize, an award for ugly buildings, John Rentoul reflects on some of the biggest blots on the UK landscape