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

Argyll Scott International: Senior Business Analyst- Insurance

Negotiable: Argyll Scott International: Senior Business Analyst - Insurance ...

Recruitment Genius: Property Manager

£25000 - £29000 per annum: Recruitment Genius: This independent, growing Sales...

Recruitment Genius: Graphic Designer

£16000 - £20000 per annum: Recruitment Genius: Multi-skilled graphic designer ...

Austen Lloyd: Court of Protection Solicitor

£30000 - £50000 per annum + EXCELLENT: Austen Lloyd: Court of Protection Solic...

The Business Matrix: Thursday 22 November 2012

Halfords cashes in on Olympic boom

 

Halfords will massively expand its cycling clothing and accessories offer next year to capitalise on the interest in the sport inspired by the success of the Olympic medallists Bradley Wiggins and Victoria Pendleton. The group is to tap into the growing trend of middle-aged men in Lycra taking to the road, raising its clothing and parts offer.

JD beats slump with sales jump

JD Sports again showed it is possible to keep growing even in the face of a prolonged economic downturn, as its sales in the three months to 20 November rose 1.5 per cent. "The trading environment in our markets remains tough and particularly so for [fashion]," it said, adding that sports goods rose 3.5 per cent in the 16-week period.

Compass makes £400m buyback

Catering giant Compass said it planned to return another £400m to investors after strong growth in North America wetted its appetite for 2013. The company said it would launch the share buyback next year once it had completed a previous £500m buyback.

UK Mail posts big profit increase

After Royal Mail hiked business postal prices by 11 per cent this year, rival UK Mail has poached some of its postbag. The company enjoyed a 24 per cent rise in revenues in its mail business in the six months to October, helping pre-tax profit rise 7.8 per cent on the previous year to £7.3m.

More delay for Greece bailout

Greek prime minister Antonis Samaras lashed out yesterday after EU finance ministers delayed a vital €31.5bn (£25.3bn) loan package to save the nation from default. Ministers will meet on Monday to seek agreement on outstanding issues.

Newspaper bosses turn to Monty

Daily Mail & General Trust and Trinity Mirror have put their faith in ex-Mirror Group boss David Montgomery to turn around their local newspaper businesses with his new £100m venture Local World. DMGT will sell its Northcliffe regionals for £52.5m for a 38.7 per cent stake. Trinity won't sell its titles, investing £14.2m for a 20 per cent stake.

Axe falls at Standard Life

Standard Life today cut 139 jobs across its UK and European business following an internal review of its structure. The insurer said the cuts would affect its IT, marketing, advisory and investment divisions. Paul Matthews, head of its UK and Europe business, said: "Our current model and structure has to change."

Connection halts sales decline

There were signs of stability at French Connection yesterday as it arrested a dramatic sales decline. The fashion chain said third-quarter revenue was flat on last year, a relief to investors concerned by the 9.5 per cent fall in sales in the first half of the year. That fall translated into a loss for the period of £6.3m.

The improvement is partly a result of "more autumnal weather", which boosted demand for coats and knitwear, the company said.

Spain faces deficit threat this year

Spain's economy shows no signs of recovery and risks missing budget deficit targets this year and in 2013 as recession drags on, its central bank governor said. The downturn and record unemployment have fuelled doubts Madrid will be able to bring its deficit into line.

Argos man heads to Mothercare

Mothercare has hired a new finance director from the catalogue specialist Argos at a critical time in the maternity retailer's turnaround under new chief executive, Simon Calver. Matt Smith will join Mothercare at an unspecified date.

Latest stories from i100
Career Services

Day In a Page

Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

It's in all our interests to look after servicemen and women who fall on hard times, say party leaders
Millionaire Sol Campbell wades into wealthy backlash against Labour's mansion tax

Sol Campbell cries foul at Labour's mansion tax

The former England defender joins Myleene Klass, Griff Rhys Jones and Melvyn Bragg in criticising proposals
Nicolas Sarkozy returns: The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?

Sarkozy returns

The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?
Is the criticism of Ed Miliband a coded form of anti-Semitism?

Is the criticism of Miliband anti-Semitic?

Attacks on the Labour leader have coalesced around a sense that he is different, weird, a man apart. But is the criticism more sinister?
Ouija boards are the must-have gift this Christmas, fuelled by a schlock horror film

Ouija boards are the must-have festive gift

Simon Usborne explores the appeal - and mysteries - of a century-old parlour game
There's a Good Girl exhibition: How female creatives are changing the way women are portrayed in advertising

In pictures: There's a Good Girl exhibition

The new exhibition reveals how female creatives are changing the way women are portrayed in advertising
UK firm Biscuiteers is giving cookies a makeover - from advent calendars to doll's houses

UK firm Biscuiteers is giving cookies a makeover

It worked with cupcakes, doughnuts and macarons so no wonder someone decided to revamp the humble biscuit
Can SkySaga capture the Minecraft magic?

Can SkySaga capture the Minecraft magic?

It's no surprise that the building game born in Sweden in 2009 and now played by millions, has imitators keen to construct their own mega money-spinner
The King's School is way ahead of the pack when it comes to using the latest classroom technology

Staying connected: The King's School

The school in Cambridgeshire is ahead of the pack when it comes to using the latest classroom technology. Richard Garner discovers how teachers and pupils stay connected
Christmas 2014: 23 best women's perfumes

Festively fragrant: the best women's perfumes

Give a loved one a luxe fragrance this year or treat yourself to a sensual pick-me-up
Arsenal vs Borussia Dortmund: Alex Oxlade-Chamberlain celebrates century with trademark display of speed and intuition

Arsenal vs Borussia Dortmund

The Ox celebrates century with trademark display of speed and intuition
Billy Joe Saunders vs Chris Eubank Jnr: When two worlds collide

When two worlds collide

Traveller Billy Joe Saunders did not have a pampered public-school upbringing - unlike Saturday’s opponent Chris Eubank Jnr
Homeless Veterans Christmas Appeal: Drifting and forgotten - turning lives around for ex-soldiers

Homeless Veterans Christmas Appeal: Turning lives around for ex-soldiers

Our partner charities help veterans on the brink – and get them back on their feet
Putin’s far-right ambition: Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU

Putin’s far-right ambition

Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU
Tove Jansson's Moominland: What was the inspiration for Finland's most famous family?

Escape to Moominland

What was the inspiration for Finland's most famous family?