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

Ashdown Group: Treasury Assistant - Accounts Assistant - London, Old Street

£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...

Recruitment Genius: Installation and Service / Security Engineer

£22000 - £40000 per annum: Recruitment Genius: This company is part of a Group...

Recruitment Genius: Service Charge Accounts Assistant

£16000 - £18000 per annum: Recruitment Genius: Are you a a young, dynamic pers...

Cancer Research UK: Corporate Partnerships Volunteer Events Coordinator – London

Voluntary: Cancer Research UK: We’re looking for someone to support our award ...

The Business Matrix: Thursday 18 October 2012

Diageo sales hit by weak market

Diageo said a postponed duty-free shipment and a weak South Korean market hampered quarterly trading. The duty-free shipment to the Asia-Pacific region, which accounts for 14 per cent of its sales, came in the following quarter. Analysts at Shore Capital said it was likely to have knocked 2 to 3 percentage points off growth.

Speedyhire sees 5.3% revenue rise

Speedyhire, the plant rental business, yesterday posted a 5.3 per cent increase in overall first-half revenues. In the UK, Speedyhire said focusing on industries including water, waste, energy and transport helped underlying revenues increase by 3.2 per cent. Steve Corcoran, chief executive, said: "Market conditions remain challenging."

C&W in talks to sell Macau operation

Cable & Wireless Communications said it is in talks to sell its stake in its Macau operation in a deal which could raise £400m. The telecoms firm is looking to sell its 51 per cent holding in its Macau subsidiary, CTM, the Chinese territory's only fixed-line and mobile phone company, to Hong Kong-listed industrial conglomerate CITIC.

RBS to leave insurance scheme

The taxpayer-controlled Royal Bank of Scotland (RBS) is to leave the Government-backed insurance scheme which has covered its most toxic assets for the past two years. The company, headed by Stephen Hester, will make a final £25m payment to the Treasury today, taking the total it has paid for the Asset Protection Scheme to £2.5bn.

Büchner return to work is delayed

Ton Büchner, chief executive of Akzo Nobel, is not expected to return to work until the end of the year – much later than the mid-October the chemicals group suggested when he took sick leave in September. "It is important that the full cycle of treatment is completed," said chairman Karel Vuursteen.

888's profits defy the odds

Online gaming company 888 Holdings has said its profits will be better than the City has realised after a strong third quarter. The group behind the 888 casino, poker, sport and bingo brands said revenue from its 12.5 million customers was up 7 per cent to £57m in the three months to September.

BoA profits hit by legal costs

Bank of America, the second-largest bank in the US, reported net income of $340m (£210m) for the three months to the end of September, substantially down from $6.2bn in the same period last year as the bank took a $1.6bn charge for litigation expenses in the quarter.

Vertu Motors in £5.2m profits rise

Vertu Motors, the car dealership, expects to beat City forecasts this year thanks to better market conditions. Pre-tax profit in the six months to September rose 27 per cent to £5.2m, Vertu, which trades as Bristol Street Motors, Macklin Motors, and Vertu Honda, said.

'We're not to blame for merger failure'

Philipp Roesler, the German Economy minister, insisted his country was not to blame for the collapse of the proposed £30bn merger between BAE Systems and EADS, adding that German wants to remain an equal partner of France in EADS.

MPs to investigate Starbucks' taxes

Two British Parliamentary committees are due to quiz tax officials about how the US coffee chain Starbucks was able to avoid paying tax on £1.2bn of sales since 2009. MPs said Starbucks had undermined public trust in the tax system.

Latest stories from i100
Career Services

Day In a Page

General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband

Chuka Umunna: A virus of racism runs through Ukip

The shadow business secretary on the benefits of immigration, humility – and his leader Ed Miliband
Yemen crisis: This exotic war will soon become Europe's problem

Yemen's exotic war will soon affect Europe

Terrorism and boatloads of desperate migrants will be the outcome of the Saudi air campaign, says Patrick Cockburn
Marginal Streets project aims to document voters in the run-up to the General Election

Marginal Streets project documents voters

Independent photographers Joseph Fox and Orlando Gili are uploading two portraits of constituents to their website for each day of the campaign
Game of Thrones: Visit the real-life kingdom of Westeros to see where violent history ends and telly tourism begins

The real-life kingdom of Westeros

Is there something a little uncomfortable about Game of Thrones shooting in Northern Ireland?
How to survive a social-media mauling, by the tough women of Twitter

How to survive a Twitter mauling

Mary Beard, Caroline Criado-Perez, Louise Mensch, Bunny La Roche and Courtney Barrasford reveal how to trounce the trolls
Gallipoli centenary: At dawn, the young remember the young who perished in one of the First World War's bloodiest battles

At dawn, the young remember the young

A century ago, soldiers of the Empire – many no more than boys – spilt on to Gallipoli’s beaches. On this 100th Anzac Day, there are personal, poetic tributes to their sacrifice
Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves

Follow the money as never before

Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves, reports Rupert Cornwell
Samuel West interview: The actor and director on austerity, unionisation, and not mentioning his famous parents

Samuel West interview

The actor and director on austerity, unionisation, and not mentioning his famous parents
General Election 2015: Imagine if the leading political parties were fashion labels

Imagine if the leading political parties were fashion labels

Fashion editor, Alexander Fury, on what the leaders' appearances tell us about them
Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

The architect of the HeForShe movement and head of UN Women on the world's failure to combat domestic violence
Public relations as 'art'? Surely not

Confessions of a former PR man

The 'art' of public relations is being celebrated by the V&A museum, triggering some happy memories for DJ Taylor
Bill Granger recipes: Our chef succumbs to his sugar cravings with super-luxurious sweet treats

Bill Granger's luxurious sweet treats

Our chef loves to stop for 30 minutes to catch up on the day's gossip, while nibbling on something sweet
London Marathon 2015: Paula Radcliffe and the mother of all goodbyes

The mother of all goodbyes

Paula Radcliffe's farewell to the London Marathon will be a family affair
Everton vs Manchester United: Steven Naismith demands 'better' if Toffees are to upset the odds against United

Steven Naismith: 'We know we must do better'

The Everton forward explains the reasons behind club's decline this season
Arsenal vs Chelsea: Praise to Arsene Wenger for having the courage of his convictions

Michael Calvin's Last Word

Praise to Wenger for having the courage of his convictions