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

Ashdown Group: Trainee Consultant - Surrey/ South West London

£22000 per annum + pension,bonus,career progression: Ashdown Group: An establi...

Ashdown Group: Trainee Consultant - Surrey / South West London

£22000 per annum + pension,bonus,career progression: Ashdown Group: An establi...

Ashdown Group: Recruitment Consultant / Account Manager - Surrey / SW London

£40000 per annum + realistic targets: Ashdown Group: A thriving recruitment co...

Ashdown Group: Part-time Payroll Officer - Yorkshire - Professional Services

£25000 per annum: Ashdown Group: A successful professional services firm is lo...

The Business Matrix: Thursday 13 December 2012

Puma chief quits after slowdown

The chief executive of Puma is to leave the German footwear giant, following a period of sustained underperformance, despite the Olympics and Euro 2012 football tournament. Franz Koch, who has been at the helm for less than two years, is to step down in March by "mutual agreement" and Puma wants to find his replacement by next spring.

Firms warned over PPI texts

Claims-management companies that bombard people with payment protection insurance and accident texts have been censured by the Advertising Standards Authority. In a ruling revealed yesterday, the ASA upheld complaints that texts sent by the Mumbai-based firm Data Supplier were misleading and unsolicited.

PetroChina buys BHP stake for £1bn

China has stepped up its worldwide hunt for gas to keep its 1.3 billion population warm. PetroChina, the Hong Kong-listed arm of state-owned China National Petroleum Corporation, paid London-listed mining giant BHP Billiton $1.63bn (£1.01bn) for stakes in two Australian projects, its biggest investment Down Under for two years.

M&A spending falls by two-thirds

The value of mergers and acquisitions deals completed in the UK has fallen by two-thirds since the start of the financial crisis, according to the accountancy firm Ernst & Young. With companies loath to spend, the total value of deals across the UK has reached £82.79bn so far this year, 65 per cent lower than during the credit boom of 2007.

Travis Perkins hit by fall in DIY sales

Travis Perkins, the retail-to-building group posted a slump in underlying sales at its DIY chain Wickes over the past 11 months.But the group, which runs the eponymous builders' merchants chain, did better in its other divisions, suggesting spending among tradesmen is proving more resilient in the downturn.

Berkshire in $1.2bn shares buyback

Warren Buffett's Berkshire Hathaway spent $1.2bn (£971.5m) yesterday to buy back shares from the estate of an unnamed investor. The conglomerate also raised the threshold for future buybacks, in a move that was read as indicating a greater willingness by Mr Buffet to support the company's share price.

Chinese demand fires Imagination

Surging demand for cheap, low-end smartphones in China is driving growth at Imagination Technologies, the designer of chips and graphic processors in Apple's iPhone and iPad. Its chief executive, Hossein Yassaie, said the company is also seeing signs of recovery in the West.

Cuts loom as Darty flickers into red

Alan Parker is preparing to wield the axe at European electricals chain Darty, which he chairs. After the electricals group swung into the red in the first half Mr Parker said he would review its loss-making operations in Spain, the Czech Republic, Slovakia, and Turkey.

Zara owner sees profits surge 27%

The Spanish group behind the fashion giant Zara has boosted profits by more than a quarter, driven by a sharp rise in sales from new stores. Inditex, which added 360 stores in 54 countries in the last nine months, posted a 27 per cent rise in net income.

One Media buys Men & Motors

Fans of digital TV channel Men & Motors, which closed two years ago, will be able to watch some of its shows again. One Media, the digital rights group, has bought up its entire library of rights from Granada and ITV for an undisclosed sum.

Latest stories from i100
Career Services

Day In a Page

Fishing for votes with Nigel Farage: The Ukip leader shows how he can work an audience as he casts his line to the disaffected of Grimsby

Fishing is on Nigel Farage's mind

Ukip leader casts a line to the disaffected
Who is bombing whom in the Middle East? It's amazing they don't all hit each other

Who is bombing whom in the Middle East?

Robert Fisk untangles the countries and factions
China's influence on fashion: At the top of the game both creatively and commercially

China's influence on fashion

At the top of the game both creatively and commercially
Lord O’Donnell: Former cabinet secretary on the election and life away from the levers of power

The man known as GOD has a reputation for getting the job done

Lord O'Donnell's three principles of rule
Rainbow shades: It's all bright on the night

Rainbow shades

It's all bright on the night
'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power
Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

The price to be paid for challenging the rule of extremists

A revolution now 'consuming its own children'
Welcome to the world of Megagames

Welcome to the world of Megagames

300 players take part in Watch the Skies! board game in London
'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

Charlotte Gainsbourg on 'Nymphomaniac'

Starring in one of the most explicit films ever
Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

Robert Fisk in Abu Dhabi

The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

Vince Cable exclusive interview

Charging fees for employment tribunals was 'a very bad move'
Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

Iwan Rheon is returning to his Welsh roots

Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

It's time for my close-up

Meet the man who films great whites for a living
Increasing numbers of homeless people in America keep their mobile phones on the streets

Homeless people keep mobile phones

A homeless person with a smartphone is a common sight in the US. And that's creating a network where the 'hobo' community can share information - and fight stigma - like never before