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

Recruitment Genius: Customer Services Assistant - Travel

£15500 per annum: Recruitment Genius: An exciting opportunity has arisen for a...

Recruitment Genius: Electricians - Fixed Wire Testing

£28000 - £32000 per annum: Recruitment Genius: As a result of significant cont...

Recruitment Genius: Experienced Mechanic

£17500 - £20000 per annum: Recruitment Genius: This Auto centre is based in We...

Recruitment Genius: Vehicle Technician

£20000 - £45000 per annum: Recruitment Genius: This long established dealer gr...

The Business Matrix: Thursday 15 March 2012

Growth set to slow for Hugo Boss

Hugo Boss has predicted sales growth will slow in 2012 after the German fashion house reported record figures in 2011. It said it expected sales to rise by up to 10 per cent compared with 19 per cent in 2011. The group is controlled by UK private equity firm Permira and there is growing speculation it is being lined up for flotation.

Government cuts hit Smiths profits

Cash-strapped governments are cutting back spending on an array of hi-tech equipment for uncovering explosives, drugs and hidden weapons, industrial group Smiths warned. Profits at the company's detection business fell 36 per cent to £20m in the half-year to 28 January, as mainly Western governments and agencies slashed budgets.

High iron prices help Ferrexpo

High iron-ore prices helped Ferrexpo, the FTSE 250 miner that makes pellets for the steel industry, to post a 39 per cent jump in pre-tax profit to $691m (£440m). The benchmark price for iron ore imported to China, which is the world's biggest consumer, averaged $167.60 a tonne in 2011, up from $146.70 a tonne a year earlier.

Online loans could 'replace banks'

A senior Bank of England policymaker has suggested that small online peer-to-peer lenders could one day replace Britain's large high-street banks. Andy Haldane, the Bank's Executive Director for Financial Stability, said in a speech in New York yesterday that web-based lenders could one day make conventional banks obsolete.

L&G investors get a sizeable boost

There was a boost to Legal & General shareholders when the insurer shoved up its dividend by more than a third. Britain's fifth biggest insurer will pay a total dividend for 2011 of 6.4p per share, an increase of 35 per cent, much better than the City was predicting. Profits for 2011 edged up a little to £1.06bn.

Foley quits WorldSpreads

Conor Foley quit as chief executive of spread betting house WorldSpreads two weeks after the firm unveiled a profit warning it blamed on "an unusual pattern of client trading". A statement said Foley, still the largest shareholder in the AIM-listed outfit, has left "with immediate effect to pursue other interests".

Miller boosted by coal and houses

Miller Group, the UK's largest privately owned building firm, boosted profits to £20.8m from £2.4m last year after a significant margin recovery in its housing division. Its open-cast mining operation in South Wales also saw a 25 per cent rise in coal sales to 987,000 tonnes.

Marstons sees slow start to 2012

The brewer and pub owner Marstons said profits for the half year which ends this month will be in line with City forecasts. It said that 2012 had started slowly alhtough it is looking for an uplift during the Euro 2012 tournament and long Bank Holiday for the Queen's Diamond Jubilee.

Sanofi plant is to close in Newcastle

Sanofi is to close its pharmaceutical plant in Fawdon, Newcastle, with the loss of 450 jobs. The French-based pharmaceutical firm, which specialises in vaccine development and diabetes treatments, said the plant is due to close in 2015.

Chinese giant to start Euro trading

The Chinese oil giant PetroChina will start full scale oil trading in Europe next month via a joint venture with Ineos. The venture will start crude supply and fuel marketing for the Grangemouth refinery in Scotland and the Lavera refinery in France.

Latest stories from i100
Career Services

Day In a Page

Greece says 'No': A night of huge celebrations in Athens as voters decisively back Tsipras and his anti-austerity stance in historic referendum

Greece referendum

Greeks say 'No' to austerity and plunge Europe into crisis
Ten years after the 7/7 terror attacks, is Britain an altered state?

7/7 bombings anniversary

Ten years after the terror attacks, is Britain an altered state?
Beautiful evening dresses are some of the loveliest Donatella has created

Versace haute couture review

Beautiful evening dresses are some of the loveliest Donatella has ever created
No hope and no jobs, so Gaza's young risk their lives, climb the fence and run for it

No hope and no jobs in Gaza

So the young risk their lives and run for it
Fashion apps: Retailers roll together shopping and social networking for mobile customers

Fashion apps

Retailers roll together shopping and social networking for mobile customers
The Greek referendum exposes a gaping hole at the heart of the European Union – its distinct lack of any genuine popular legitimacy

Gaping hole at the heart of the European Union

Treatment of Greece has shown up a lack of genuine legitimacy
Number of young homeless in Britain 'more than three times the official figures'

'Everything changed when I went to the hostel'

Number of young homeless people in Britain is 'more than three times the official figures'
Compton Cricket Club

Compton Cricket Club

Portraits of LA cricketers from notorious suburb to be displayed in London
London now the global money-laundering centre for the drug trade, says crime expert

Wlecome to London, drug money-laundering centre for the world

'Mexico is its heart and London is its head'
The Buddhist temple minutes from Centre Court that helps a winner keep on winning

The Buddhist temple minutes from Centre Court

It helps a winner keep on winning
Is this the future of flying: battery-powered planes made of plastic, and without flight decks?

Is this the future of flying?

Battery-powered planes made of plastic, and without flight decks
Isis are barbarians – but the Caliphate is a dream at the heart of all Muslim traditions

Isis are barbarians

but the Caliphate is an ancient Muslim ideal
The Brink's-Mat curse strikes again: three tons of stolen gold that brought only grief

Curse of Brink's Mat strikes again

Death of John 'Goldfinger' Palmer the latest killing related to 1983 heist
Greece debt crisis: 'The ministers talk to us about miracles' – why Greeks are cynical ahead of the bailout referendum

'The ministers talk to us about miracles'

Why Greeks are cynical ahead of the bailout referendum
Call of the wild: How science is learning to decode the way animals communicate

Call of the wild

How science is learning to decode the way animals communicate