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

Recruitment Genius: Home Care / Support Workers

£7 - £10 per hour: Recruitment Genius: This care provider is looking for Home ...

Recruitment Genius: Web Team Leader

£30000 - £35000 per annum: Recruitment Genius: One of the UK's leading web des...

Recruitment Genius: Client Manager

£27000 - £35000 per annum: Recruitment Genius: A growing, successful, friendly...

Recruitment Genius: Property Negotiator - OTE £20,000+

£16000 - £25000 per annum: Recruitment Genius: This family owned, independent ...

The Business Matrix: Thursday 22 December 2011

 

Authorities raid Olympus offices

Japan's fraud squad swooped on Olympus yesterday as its £1bn corruption crisis deepened. Investigators filed into the camera maker's Tokyo offices as prosecutors, police and regulators joined forces to investigate one of Japan's biggest corporate scandals. The home of its former president Tsuyoshi Kikukawa was also raided.

Gas companies fined over leaks

The energy regulator Ofgem has fined National Grid Gas and Northern Gas Networks £4.3m and £900,000 respectively, for failing to deal with their gas leaks on time last winter. Gas distributers have to respond to 97 per cent of their uncontrolled gas leakages within an hour. But National Grid's results came in at 92.1 per cent to 96.1 per cent.

MPC unanimous over pause in QE

The Bank of England's Monetary Policy Committee voted unanimously this month not to extend its quantitative easing programme further, minutes of the meeting showed yesterday. The minutes did, however, indicate a divergence of views among MPC members about the outlook for inflation in the second half of 2012.

Gold lining for pawnbrokers

The pawnbroker H&T expects its full-year results to be better than expected thanks to the success of its 53 Gold Bar outlets purchaing gold. The group's core pawnbroking business performed strongly with the pledge book currently standing at over £45m. It opened a further 25 stores in 2011, taking the total estate to 160 stores.

BT wires its to support Triumph

Telecoms giant BT has won a contract with lingerie brand Triumph to connect its network of production sites and shops with the company's headquarters in Bad Zurzach, Switzerland. BT said Triumph was represented in more than 120 countries with manufacturing facilities in 10 countries.

Public borrowing down to £18.1bn

Public borrowing came in at £18.1bn in November, down from £20.4bn in November 2010, official figures showed yesterday, leaving the Government on course to bring down the deficit for 2010-11 to £127bn. But some analysts warned that the deficit reduction timetable could yet be thrown off course.

£400,000 fine for Seymour Pierce

Seymour Pierce, the largest adviser to companies on the junior Aim stock exchange, has been handed a record £400,000 fine and publicly censured by the market's disciplinary committee. Aim said Seymour Pierce twice failed to meet standards required by a nominated adviser.

Hardy revives Beazley's interest

Hardy Underwriting's shares leapt by 9 per cent yesterday after its larger rival Beazley began "exploratory discussions" about a takeover. The insurer put itself up for sale this month after taking a series of hits from big natural disasters. Beazley first held talks a year ago.

Foyles blames fall on rail works

Foyles has blamed the "disruption" from CrossRail to trading at its flagship Charing Cross Road bookstore for a 39 per cent fall in annual profits to £204,681. The chain, which has six shops, estimated it had lost £1.5m from the rail infrastructure project.

Travelzest strips off UK brands

The nudist holiday company Travelzest has put most of its British travel brands up for sale after takeover talks failed. The firm said it would sell businesses including Peng, which specialises in naturist holidays, and focus on its Canada business.

Latest stories from i100
Career Services

Day In a Page

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
Greece debt crisis: What happened to democracy when it’s a case of 'Vote Yes or else'?

'The economic collapse has happened. What is at risk now is democracy...'

If it doesn’t work in Europe, how is it supposed to work in India or the Middle East, asks Robert Fisk
The science of swearing: What lies behind the use of four-letter words?

The science of swearing

What lies behind the use of four-letter words?
The Real Stories of Migrant Britain: Clive fled from Zimbabwe - now it won't have him back

The Real Stories of Migrant Britain

Clive fled from Zimbabwe - now it won’t have him back
Africa on the menu: Three foodie friends want to popularise dishes from the continent

Africa on the menu

Three foodie friends want to popularise dishes from the hot new continent
Donna Karan is stepping down after 30 years - so who will fill the DKNY creator's boots?

Who will fill Donna Karan's boots?

The designer is stepping down as Chief Designer of DKNY after 30 years. Alexander Fury looks back at the career of 'America's Chanel'