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

Ashdown Group: Product Manager - (Product Marketing, Financial Services)

£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...

Recruitment Genius: External Relations Executive

£33000 per annum: Recruitment Genius: An External Relations Executive is requi...

Ashdown Group: Web Developer (PHP & Wordpress) - Central London

£25000 - £28000 per annum + 25 days holidays & pension: Ashdown Group: Web Dev...

Recruitment Genius: Production Operative - Unskilled & Skilled

£7 - £9 per hour: Recruitment Genius: An exciting opportunity has arisen to jo...

The Business Matrix: Thursday 20 October 2011

Edinburgh airport put up for sale

BAA is putting Edinburgh Airport up for sale with an estimated price tag of about £500m after the Competition Commission forced it to choose between its operations in Glasgow and the Scottish capital. The operator of six UK airports, including Heathrow and Stansted, decided to sell Edinburgh because it would fetch a higher price.

Tycoon loses test case with HMRC

In a tax ruling set to disappoint many of the estimated 5.6 million expat Britons, the Supreme Court ruled yesterday in favour of HMRC in its dispute with the entrepreneur Robin Gaines-Cooper. He left the UK in 1976 but was judged by the Revenue to be resident between 1993 and 2003 because of the number of days he spent in the UK.

Mouchel sells its rail arm for £3.4m

The beleaguered infrastructure group Mouchel has sold its rail arm to Sinclair Knight Merz for £3.4m, the first of a number of expected divestments. The group, which has seen two chairmen and a chief executive depart following a profits warning two weeks ago, said the money raised would “make a small dent” in the group’s £87m debt.

Japan’s recovery drives GKN sales

The aerospace and car parts maker GKN’s third-quarter sales rose by 11 per cent to £1.48bn in the three months to 30 September as Japanese car production recovered after the earthquake. But the company warned that demand for small cars in Europe had weakened. Underlying profits rose by 13 per cent over the quarter to £113m.

DTZ for sale after takeover bid fails

The property consultancy DTZ has formally put itself up for sale after its 55 per cent shareholder Saint George Participations ended takeover talks on Monday. DTZ said yesterday that it had received preliminary indications of interest from a number of parties and would also consider other strategic options.

Cobham missiles unit sold for $350m

The aerospace engineer Cobham has agreed to sell its US missile unit to the privately-owned Parsons Corporation for $350m (£225m), five months after saying that it hoped to shed two of its non-core businesses. Cobham will reinvest the proceeds in its remaining core aerospace and defence markets.

Iceland attracts at least five bidders

At least five private-equity investors were set to submit first-round offers for a 77 per cent stake in Iceland Foods by last night’s deadline. Sir Malcolm Walker, who founded the frozen food retailer and has a 23 per cent stake and the right to match the best bid, is expected to bid later in the process.

Sports Direct’s profit rises by 13%

Mike Ashley’s sportswear giant Sports Direct has continued to show its troubled rival JJB Sports a clean pair of heels by boosting profits and sales in recent months, which it said “further validated our resilient business model”. Sports Direct increased retail gross profit by 13 per cent on sales of £296m.

Diageo sees sales rise by 9%

Diageo, the Johnnie Walker, Smirnoff and Guinness owner, lifted sales by 9 per cent in the three months to 30 September, slightly ahead of expectations, though volumes rose by 5 per cent. Asia and Latin America saw the fastest growth while European revenues rose 6 per cent and North America 5 per cent

SABMiller buys stake in Efes

SABMiller, the brewer of Peroni and Grolsch lager, has acquired a 24 per cent stake in Turkish rival Anadolu Efes in exchange for its Russian and Ukrainian beer businesses. SABMiller also has first refusal rights if the family behind Anadolu Group sells any of its 43 per cent stake in Efes.

Latest stories from i100
Career Services

Day In a Page

Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Maverick artist Grayson Perry backs our campaign
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

Assisted Dying Bill: 'I want control of my life'

This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Paul Scholes column: The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him

Paul Scholes column

The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him
Frank Warren column: No cigar, but pots of money: here come the Cubans

Frank Warren's Ringside

No cigar, but pots of money: here come the Cubans
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee