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

Guru Careers: Product Manager / Product Marketing Manager / Product Owner

COMPETITIVE: Guru Careers: A Product Manager / Product Owner is required to jo...

Recruitment Genius: Digital Marketing Manager

£25000 - £30000 per annum: Recruitment Genius: This company is a fast growing ...

SThree: Trainee Recruitment Consultant

£18000 - £23000 per annum + competitive: SThree: As an Associate Recruitment C...

Recruitment Genius: Web Developer - PHP

£28000 - £32000 per annum: Recruitment Genius: This exciting startup disruptin...

The Business Matrix: Thursday 14 July 2011

Economic boost for China

China’s economy grew faster than expected in the second quarter, easing fears of a hard landing. The economy grew 9.5 per cent, helped by solid domestic consumption and investment. But this was down from 9.7 per cent at the start of the year, suggesting Beijing may have more scope to tackle high inflation without choking off growth.

Warning over jobs market

The Government has been warned that the outlook for jobs is “deteriorating” after new figures showed the biggest monthly rise in the dole queue for two years. A total of 1.52 million people were claiming Jobseeker’s Allowance in June, a monthly rise of 24,500 and the biggest monthly leap since May 2009. MORE

Bernanke mulls quantitative easing

Ben Bernanke, the chairman of the Federal Reserve, cheered investors yesterday by raising the possiblity of further quantitative easing to support the US economy. His semi-annual testimony to Congress included an explicit mention of the idea for the first time, though he couched it as one of the options available to the Fed should the recovery stall further.

Hacker group threatens RBS

Royal Bank of Scotland has been threatened with cyber-attacks by the hacker collective Anonymous, for lending financial support to oil projects in Canada. Anonymous says it is supporting environmental campaigners trying to stop oil extraction from tar sands in Canada. RBS says it has not provided project finance for the tar sands since 2006.

MWB improves buyout offer

MWB has improved its offer to buy out minority shareholders in the office space supplier MWB Business Exchange. The hotels operator’s new bid values Business Exchange at £53m, £20m more than its earlier approach. The company rejected a £60m approach from office space rival Regus earlier this year.

Regulation risk to company finance

Imminent regulatory changes could make life insurers less willing to hold corporate bonds, restricting companies’ access to a vital source of funding, the Bank of International Settlements has warned. The changes, including Europe’s proposed capital rules, could also encourage insurers to shun shares.

Internet sales help Thorntons

Thorntons said sales fell by more than 10 per cent at its stores in the eight weeks to 25 June as it predicted another tough year on the high street. The chocolatier, which wants to offload 180 stores, said it had been helped by sales on its internet arm rising by 11 per cent in the period. Total sales fell 8 per cent to £21m.

Topps Tiles reports sales fall

Topps Tiles admitted it faced another quarter of “subdued” trading as the sluggish house market and low consumer confidence hits demand. The floor coverings firm said sales fell nearly 2 per cent in the quarter ending 2 July. Last month, it reported interim profits of £7.2m, down from £7.8m a year ago.

PhosAgro nets £340m in IPO

PhosAgro, the fertiliser group owned by the Russian politican Andrei Guryev and chaired by Vladimir Litvinenko, who supervised Vladimir Putin’s PhD thesis, raised $540m (£335m) listing its shares in Moscow and London yesterday. Mr Guryev’s family own 71 per cent after the IPO; Mr Litvinenko has a 10 per cent stake.

Oprah to be CEO at her cable network

Oprah Winfrey will take over as CEO of OWN: Oprah Winfrey Network this autumn, the cable channel said yesterday. Ms Winfrey, regarded as the most influential woman on US television, will be the third CEO of the company since its January debut. OWN is co-owned by Winfrey and Discovery Communications.

Latest stories from i100
SPONSORED FEATURES
Career Services

Day In a Page

Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkish President Erdogan could benefit politically from the targeting of the PKK, says Patrick Cockburn
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn or a return to a Labour government

Our choice is years of Tory rule under Corbyn or a return to a Labour government

Yvette Cooper urged Labour members to 'get serious' about the next general election rather than become 'a protest movement'
Singapore's domestic workers routinely exploited and often abused in the service of rich nationals

Singapore's hidden secret of domestic worker abuse

David Cameron was shown the country's shiniest veneer on his tour. What he didn't see was the army of foreign women who are routinely exploited and often abused in the service of rich nationals
Showdown by Shirley Jackson: A previously unpublished short story from the queen of American Gothic

Showdown, by Shirley Jackson

A previously unpublished short story from the queen of American Gothic
10 best DSLRs

Be sharp! 10 best DSLRs

Up your photography game with a versatile, powerful machine
Solved after 200 years: the mysterious deaths of 3,000 soldiers from Napoleon's army

Solved after 200 years

The mysterious deaths of 3,000 soldiers from Napoleon's army
Every regional power has betrayed the Kurds so Turkish bombing is no surprise

Robert Fisk on the Turkey conflict

Every regional power has betrayed the Kurds so Turkish bombing is no surprise
Investigation into wreck of unidentified submarine found off the coast of Sweden

Sunken sub

Investigation underway into wreck of an unidentified submarine found off the coast of Sweden
Instagram and Facebook have 'totally changed' the way people buy clothes

Age of the selfie

Instagram and Facebook have 'totally changed' the way people buy clothes
Not so square: How BBC's Bloomsbury saga is sexing up the period drama

Not so square

How Virginia Woolf saga is sexing up the BBC period drama
Rio Olympics 2016: The seven teenagers still carrying a torch for our Games hopes

Still carrying the torch

The seven teenagers given our Olympic hopes
The West likes to think that 'civilisation' will defeat Isis, but history suggests otherwise

The West likes to think that 'civilisation' will defeat Isis...

...but history suggests otherwise
The bald truth: How one author's thinning hair made him a Wayne Rooney sympathiser

The bald truth

How thinning hair made me a Wayne Rooney sympathiser
Froome wins second Tour de France after triumphant ride into Paris with Team Sky

Tour de France 2015

Froome rides into Paris to win historic second Tour
Fifteen years ago, Concorde crashed, and a dream died. Today, the desire to travel faster than the speed of sound is growing once again

A new beginning for supersonic flight?

Concorde's successors are in the works 15 years on from the Paris crash