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

Recruitment Genius: Customer Service Executive

£18000 - £22000 per annum: Recruitment Genius: This is an exciting opportunity...

Recruitment Genius: Retail Buyer / Ecommerce Buyer

£30000 - £35000 per annum: Recruitment Genius: Working closely with the market...

Recruitment Genius: Sales Executive - CAD Software Solutions Sales

£20000 - £50000 per annum: Recruitment Genius: A reputable company, famed for ...

Ashdown Group: Client Accountant Team Manager - Reading

Negotiable: Ashdown Group: The Ashdown Group has been engaged by a highly resp...

The Business Matrix: Thursday 23 June 2011

Cotton prices hit H&M profits

H&M underlined the challenges on the high street yesterday after high cotton prices and a drop in consumer spending power hit its profits. The Swedish chain, which has 2,297 stores worldwide including more than 180 in the UK, reported a 23 per cent drop in half-year profits £900m.

Decision day for HMV investors

HMV hopes to finalise the sale of its Waterstone’s book chain today in a £53m deal that should help the group secure its immediate future. Shareholders will gather in London to vote on the proposed sale of the 296 stores to Russian billionaire Alexander Mamut. Proceeds from the move will be used to help the group pay off debt.

AstraZeneca sells dental unit

The Anglo-Swedish pharmaceutical giant AstraZeneca has agreed to sell its Astra Tech business to the Surrey-based firm Dentsply for approximately $1.8bn (£1.1bn). Astra Tech, headquartered in Molndal, Sweden, has two main business divisions, a dental division and a healthcare division.

Princes denied in Fray Bentos bid

Premier Foods is searching for an alternative buyer for its Fray Bentos brand after the Office of Fair Trading said selling it to Princes would create a “near monopoly” in the canned pies market. Premier agreed earlier this year to sell its canned foods unit,which also includes Crosse & Blackwell brand, to Princes in a £182m deal.

Airbus secures $16bn A320 order

Airbus left arch-rival Boeing in its wake with an ever-expanding sales tally at the Paris Air Show yesterday by cementing a $16bn (£10bn) deal to sell 150 of its A320neo aeroplanes and 30 of the original A320 models to the Indian budget carrier IndiGo. By early afternoon, Boeing’s orders at the show stood at 141 planes; Airbus had orders for 550.

Shazam in $32m expansion

The UK music identification service Shazam has raised $32m (£20m) in funding as part of an expansion drive. Shazam, which allows people to identify music using mobile phones, has 150 million users. It is already offering a service in the US that lets users pick up offers or links on their phones from TV programmes or ads showing a Shazam logo.

Amec wins nuclear deal

Amec has won a contract from Magnox to provide nuclear consultancy services at its sites across the UK. The two-year contract, the value of which has not been announced, will see Amec provide both specialist nuclear and safety case services across the Nuclear Decommissioning Authority’s estate. Magnox operates 10 sites.

FSA warns of lax bank controls

The City watchdog is considering punishing two banks after it found serious lapses in their checks on politically sensitive potential money launderers. The Financial Services Authority said that some banks had risked handling criminal money rather than turn away business from wealthy high-risk customers and promised a clampdown.

Transocean blames BP

Transocean pointed the finger of blame squarely at BP over last year’s fatal oil disaster in the Gulf of Mexico. The drilling contractor, which is in a legal battle with BP over errors leading to the disaster, issued a report saying BP had failed “properly to assess, manage and communicate risk to its contractors”.

Ad market to slowdown in UK

TheUK advertising market is set for a shock slowdown this year after falling retail sales put the brakes on company spending, causing one influential player to downgrade its 2011 forecasts. WPP’s GroupM has predicted that advertising spending in the UK would rise just 1.5 per cent this year.

Latest stories from i100
Career Services

Day In a Page

War with Isis: Iraq declares victory in the battle for Tikrit - but militants make make ominous advances in neighbouring Syria's capital

War with Isis

Iraq declares victory in the battle for Tikrit - but militants make make ominous advances in neighbouring Syria
Scientists develop mechanical spring-loaded leg brace to improve walking

A spring in your step?

Scientists develop mechanical leg brace to help take a load off
Peter Ackroyd on Alfred Hitchcock: How London shaped the director's art and obsessions

Peter Ackroyd on Alfred Hitchcock

Ackroyd has devoted his literary career to chronicling the capital and its characters. He tells John Walsh why he chose the master of suspense as his latest subject
Ryan Reynolds interview: The actor is branching out with Nazi art-theft drama Woman in Gold

Ryan Reynolds branches out in Woman in Gold

For every box-office smash in Ryan Reynolds' Hollywood career, there's always been a misconceived let-down. It's time for a rethink and a reboot, the actor tells James Mottram
Why Robin Williams safeguarded himself against a morbid trend in advertising

Stars safeguard against morbid advertising

As film-makers and advertisers make increasing posthumous use of celebrities' images, some stars are finding new ways of ensuring that they rest in peace
The UK horticulture industry is facing a skills crisis - but Great Dixter aims to change all that

UK horticulture industry facing skills crisis

Great Dixter manor house in East Sussex is encouraging people to work in the industry by offering three scholarships a year to students, as well as generous placements
Hack Circus aims to turn the rule-abiding approach of TED talks on its head

Hack Circus: Technology, art and learning

Hack Circus aims to turn the rule-abiding approach of TED talks on its head. Rhodri Marsden meets mistress of ceremonies Leila Johnston
Sevenoaks is split over much-delayed decision on controversial grammar school annexe

Sevenoaks split over grammar school annexe

If Weald of Kent Grammar School is given the go-ahead for an annexe in leafy Sevenoaks, it will be the first selective state school to open in 50 years
10 best compact cameras

A look through the lens: 10 best compact cameras

If your smartphone won’t quite cut it, it’s time to invest in a new portable gadget
Paul Scholes column: Ross Barkley played well against Italy but he must build on that. His time to step up and seize that England No 10 shirt is now

Paul Scholes column

Ross Barkley played well against Italy but he must build on that. His time to step up and seize that England No 10 shirt is now
Why Michael Carrick is still proving an enigma for England

Why Carrick is still proving an enigma for England

Manchester United's talented midfielder has played international football for almost 14 years yet, frustratingly, has won only 32 caps, says Sam Wallace
Tracey Neville: The netball coach who is just as busy as her brothers, Gary and Phil

Tracey Neville is just as busy as her brothers, Gary and Phil

The former player on how she is finding time to coach both Manchester Thunder in the Superleague and England in this year's World Cup
General Election 2015: The masterminds behind the scenes

The masterminds behind the election

How do you get your party leader to embrace a message and then stick to it? By employing these people
Machine Gun America: The amusement park where teenagers go to shoot a huge range of automatic weapons

Machine Gun America

The amusement park where teenagers go to shoot a huge range of automatic weapons
The ethics of pet food: Why are we are so selective in how we show animals our love?

The ethics of pet food

Why are we are so selective in how we show animals our love?