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

Recruitment Genius: Project Implementation Executive

£18000 - £23000 per annum: Recruitment Genius: They work with major vehicle ma...

Recruitment Genius: Chiropractic Assistant

£16500 per annum: Recruitment Genius: A Chiropractic Assistant is needed in a ...

Recruitment Genius: Digital Account Executive - Midlands

£18000 - £26000 per annum: Recruitment Genius: They work with major vehicle ma...

Recruitment Genius: Web Developer

£28000 - £30000 per annum: Recruitment Genius: This company provides coaching ...

The Business Matrix: Thursday 17 November 2011


Barratt warns of mortgage shortage

Barratt Developments warned that the shortage of mortgages is holding the housing market back, even as it reported a rise in selling prices. The housebuilder, which also trades as David Wilson and Ward Homes, said that its average selling prices rose by 7 per cent to £207,000 since June as it focused on building family homes in the South-east.

AEA shares slump after CEO quits

Shares in AEA Technology slumped 86 per cent yesterday after its chief executive quit in the wake of its second major profits warning in seven months. The climate change consultancy, which was spun out of the Atomic Energy Authority in the 1990s, has been hit by weaker-than-expected trading at its Washington-based business, PPC.

Pakistan rejects Antofagasta plan

Politicians in Pakistan's Baluchistan province have rejected a mining lease application from the Chilean copper producer Antofagasta and Canada's Barrick Gold, raising questions about the future of their Reko Diq copper-gold project. Reko Diq holds an estimated 5.9 billion tonnes of mineral resources, including copper and gold.

Icap says trading is 'disappointing'

The interdealer broker Icap said trading at its voice-based broking services had been "disappointing" since September as the eurozone debt crisis hit confidence. Shares in Icap fell by 5 per cent as the group reported that pre-tax profits rose 3 per cent to £101m in the three months to the end of September despite market volatility.

Reed Elsevier sees continued growth

The New Scientist publisher Reed Elsevier's trading improved in the three months to 30 September. All five of the group's businesses recorded growth in the first nine months, leaving earnings on track to meet City expectations. The Anglo-Dutch company has been investing in legal products such as LexisNexis database.

Mozzarella king Glanbia upbeat

The Irish-based cheese-maker Glanbia forecast a 20 per cent rise in full-year earnings yesterday after its revenues rose by 28 per cent in the 10 months to 31 October. However, the group, which is Europe's biggest supplier of mozzarella cheese for pizzas, also reported a recent slowdown in demand.

British Gas ready to shed 850 staff

Centrica's British Gas, the UK's biggest household energy supplier, said it would cut about 850 roles to lower costs. The job cuts, announced on the day that UK unemployment hit a 15-year high, will take place in British Gas's services business and will affect back-office management and support roles.

Melrose looking out for deals

The engineering buyout group Melrose said it was still in the market for deals after its failed bid for Charter this summer. The company said slower growth in Europe was being offset by strength in North America and the rest of the world. Its third-quarter sales were up 12 per cent compared with a year ago.

Rio Tinto to close Lynemouth plant

Rio Tinto is set to close its Lynemouth smelter in the North-east as rising energy costs put pressure on aluminium margins, though it could sell the power station at the site. The mining giant last month put $8bn worth of aluminum assets up for sale. The Lynemouth smelter employs 515 people.

Hampson's profits are grounded

First-half profits at Hampson Industries more than halved as orders at the aeroengineer's tooling division, Odyssey, continued to fall. The firm, which supplies tools and components to planemakers Airbus and Boeing, said group revenues were down 8 per cent to £77m while profits fell to £400,000.

Latest stories from i100
Career Services

Day In a Page

NHS struggling to monitor the safety and efficacy of its services outsourced to private providers

Who's monitoring the outsourced NHS services?

A report finds that private firms are not being properly assessed for their quality of care
Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

The Tory MP said he did not want to stand again unless his party's manifesto ruled out a third runway. But he's doing so. Watch this space
How do Greek voters feel about Syriza's backtracking on its anti-austerity pledge?

How do Greeks feel about Syriza?

Five voters from different backgrounds tell us what they expect from Syriza's charismatic leader Alexis Tsipras
From Iraq to Libya and Syria: The wars that come back to haunt us

The wars that come back to haunt us

David Cameron should not escape blame for his role in conflicts that are still raging, argues Patrick Cockburn
Sam Baker and Lauren Laverne: Too busy to surf? Head to The Pool

Too busy to surf? Head to The Pool

A new website is trying to declutter the internet to help busy women. Holly Williams meets the founders
Heston Blumenthal to cook up a spice odyssey for British astronaut manning the International Space Station

UK's Major Tum to blast off on a spice odyssey

Nothing but the best for British astronaut as chef Heston Blumenthal cooks up his rations
John Harrison's 'longitude' clock sets new record - 300 years on

‘Longitude’ clock sets new record - 300 years on

Greenwich horologists celebrate as it keeps to within a second of real time over a 100-day test
Fears in the US of being outgunned in the vital propaganda wars by Russia, China - and even Isis - have prompted a rethink on overseas broadcasters

Let the propaganda wars begin - again

'Accurate, objective, comprehensive': that was Voice of America's creed, but now its masters want it to promote US policy, reports Rupert Cornwell
Why Japan's incredible long-distance runners will never win the London Marathon

Japan's incredible long-distance runners

Every year, Japanese long-distance runners post some of the world's fastest times – yet, come next weekend, not a single elite competitor from the country will be at the London Marathon
Why does Tom Drury remain the greatest writer you've never heard of?

Tom Drury: The quiet American

His debut was considered one of the finest novels of the past 50 years, and he is every bit the equal of his contemporaries, Jonathan Franzen, Dave Eggers and David Foster Wallace
You should judge a person by how they peel a potato

You should judge a person by how they peel a potato

Dave Hax's domestic tips are reminiscent of George Orwell's tea routine. The world might need revolution, but we like to sweat the small stuff, says DJ Taylor
Beige is back: The drab car colours of the 1970s are proving popular again

Beige to the future

Flares and flounce are back on catwalks but a revival in ’70s car paintjobs was a stack-heeled step too far – until now
Bill Granger recipes: Our chef's dishes highlight the delicate essence of fresh cheeses

Bill Granger cooks with fresh cheeses

More delicate on the palate, milder, fresh cheeses can also be kinder to the waistline
Aston Villa vs Liverpool: 'This FA Cup run has been wonderful,' says veteran Shay Given

Shay Given: 'This FA Cup run has been wonderful'

The Villa keeper has been overlooked for a long time and has unhappy memories of the national stadium – but he is savouring his chance to play at Wembley
Timeless drama of Championship race in league of its own - Michael Calvin

Michael Calvin's Last Word

Timeless drama of Championship race in league of its own