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

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 ...

Recruitment Genius: Sales Administrator - Spanish Speaking

£17000 - £21000 per annum: Recruitment Genius: This is a fantastic opportunity...

Recruitment Genius: Sales Administrator - German Speaking

£17000 - £23000 per annum: Recruitment Genius: This is a fantastic opportunity...

The Business Matrix: Thursday 22 March 2012

Share sale's £170m for Lloyds

Lloyds Banking Group has raised £170m by selling new shares so that it can restart making interest payments on some of the bonds that it issued at the height of the financial crisis. The new shares were placed at just under 35.5p – a modest discount to the current price of 35.96p.

Speedy freight trains on track

The first-ever high-speed freight train between France and the UK arrived in St Pancras yesterday, in a trial run that could herald the future of European goods delivery. The Euro Carex consortium sent a train from Lyon at 4.25pm on Tuesday carrying the equivalent of 120 tons of parcels. It drew into St Pancras at 1.24am yesterday.

M&B boosted by new face on board

The seemingly relentless turmoil on the board of Mitchells and Butlers continued when the pubs chain landed another new director. The business still doesn't have a chief executive, but has been boosted by the arrival of Edward Irwin, a representative of the racing tycoons JP McManus and John Magnier, who own a 24 per cent stake.

ARM role for Sir John Buchanan

Former BP finance director Sir John Buchanan is taking on his fourth senior role at a FTSE 100 company, raising corporate governance issues. He is to become chairman of chip designer ARM in May. He is already chairman of Smith & Nephew, deputy chairman of Vodafone and senior independent director of BHP Billiton. He replaces Doug Dunn.

Stake sales hint by Ophir Energy

Ophir Energy, the FTSE 250 gas and oil explorer, has admitted that it will look to bring in joint venture partners for its east Africa fields "in the next 12 months." Speaking at Ophir's annual results, chief executive Nick Cooper said: "The most likely partners are big oil companies and end-user utilities."

Glaxo embarks on new drugs fund

Britain's biggest pharma firm, GlaxoSmithKline, has teamed up with Johnson & Johnson and private equity house Index Ventures to launch a ground-breaking €150m fund to discover new drugs. Index, whose earlier investments include Skype, is contributing €75m. Glaxo and J&J will put up the rest.

Government gets post pension

The Government will take over Royal Mail's £4.6bn pension fund next month, after European legislators approved the plans. The decision removes one of the main obstacles to privatising Royal Mail. It will provide a windfall gain to the Government worth about £28bn.

Borrowing soars in Portugal

Portugal's borrowing bill nearly tripled in the first two months of 2012, stoking concerns that the Eurozone struggler may follow Greece in needing a second bailout. Rising spending and a slump in tax collection leaves the nation with its work cut out to hit fiscal targets.

Packaging giant 'for sale'

Klöckner Pentaplast, the German plastic packaging maker owned by buyout giant Blackstone, is thought to have gone up for sale. Information on the company was due to be sent out to a mixture of trade and private equity groups.

Begg joins uni venture

Sir David Begg, former economic adviser to the Bank of England, has become a non-executive director of Imperial Innovations, the listed venture which backs inventions made by the UK universities.

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'