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

Recruitment Genius: Project Implementation Executive

£18000 - £23000 per annum: Recruitment Genius: They work with major vehicle ma...

Recruitment Genius: Chiropractic Assistant

£16500 per annum: Recruitment Genius: A Chiropractic Assistant is needed in a ...

Recruitment Genius: Digital Account Executive - Midlands

£18000 - £26000 per annum: Recruitment Genius: They work with major vehicle ma...

Recruitment Genius: Web Developer

£28000 - £30000 per annum: Recruitment Genius: This company provides coaching ...

The Business Matrix: Thursday 24 July 2014

Games provided UK £14.2bn boost

The London 2012 Olympics have generated a £14.2bn trade and investment boost for the UK in the past two years, the Government claimed. The figure – a combination of contract wins, extra sales by UK firms and new foreign investment since 2012 – beats a previous target of an £11bn increase over four years two years early.

Capita bullish over revenues

Capita expects a buoyant outsourcing market to keep the firm on track to hit its full-year revenue target, it said after announcing a 16 per cent rise in first-half profit. Its CEO, Andy Parker, said revenues are likely to rise by at least 8 per cent and the outlook remains optimistic after it won £1.3bn-worth of contracts in the first half.

Challenge to Drax switch to biomass

The Government will appeal a High Court decision which overruled its plans to drop one of Drax’s coal-to-biomass conversion projects from a new renewable-energy subsidy scheme. Earlier this month, the Court ruled the utility had met all the Government’s key criteria when it applied to convert a second coal-generation unit.

Ryanair to appeal  10m fine

European regulators have ordered Ryanair to repay about €10m (£7.9m) in illegal state aid from France for operating at three regional airports. The European Commission said the support (contractual rebates and airport and marketing deals) gave the airline an unfair advantage. Ryanair said it would appeal against the decision.

Profits down 13% at Iberdrola

ScottishPower’s Spanish owner, Iberdrola, saw first-half profits slip 13 per cent to €1.5bn (£1.2bn) after green subsidies were cut in its home market. But earnings from its UK business rose 8.5 per cent to €244m. ScottishPower said customer numbers remained static, as rivals have seen numbers fall.

Tesco told to keep new FD off site

Tesco has removed a photo on its corporate website of Alan Stewart, its newly appointed finance director, after its rival Marks & Spencer complained he was technically still its employee. Mr Stewart is on “gardening leave” after he quit M&S on 10 July and is unlikely to start at Tesco before the end of the year.

Lord Sugar builds empire further

Lord Sugar has added a £23m building on City Road to his property empire in London’s “Tech City”. His property firm is already generating higher returns in the three buildings it has in the area, pushing rents up from about £20 a square foot to above £40 in recent lettings.

Sage’s quarterly revenues up 7%

Sage’s chief executive, Guy Berruyer, said the accounting-software firm continues to make solid progress after recurring quarterly revenues growth of 7 per cent, driven by strong subscriptions. The firm remains confident of achieving its target of 6 per cent underlying growth.

Number of jobs falls 2.5%

Full-time jobs in retail fell 2.5 per cent in the last three months compared with the same period last year, according to the British Retail Consortium. The fall came despite 2.5 per cent more store openings, mainly of supermarket convenience stores.

Provident profits up a quarter

Provident Financial saw profits jump as more cash-strapped consumers turned to the subprime lender after mainstream banks turned them away. Pre-tax profits hit £90.1m, up 25 per cent, as the company introduces a new loans business.

Latest stories from i100
Career Services

Day In a Page

NHS struggling to monitor the safety and efficacy of its services outsourced to private providers

Who's monitoring the outsourced NHS services?

A report finds that private firms are not being properly assessed for their quality of care
Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

The Tory MP said he did not want to stand again unless his party's manifesto ruled out a third runway. But he's doing so. Watch this space
How do Greek voters feel about Syriza's backtracking on its anti-austerity pledge?

How do Greeks feel about Syriza?

Five voters from different backgrounds tell us what they expect from Syriza's charismatic leader Alexis Tsipras
From Iraq to Libya and Syria: The wars that come back to haunt us

The wars that come back to haunt us

David Cameron should not escape blame for his role in conflicts that are still raging, argues Patrick Cockburn
Sam Baker and Lauren Laverne: Too busy to surf? Head to The Pool

Too busy to surf? Head to The Pool

A new website is trying to declutter the internet to help busy women. Holly Williams meets the founders
Heston Blumenthal to cook up a spice odyssey for British astronaut manning the International Space Station

UK's Major Tum to blast off on a spice odyssey

Nothing but the best for British astronaut as chef Heston Blumenthal cooks up his rations
John Harrison's 'longitude' clock sets new record - 300 years on

‘Longitude’ clock sets new record - 300 years on

Greenwich horologists celebrate as it keeps to within a second of real time over a 100-day test
Fears in the US of being outgunned in the vital propaganda wars by Russia, China - and even Isis - have prompted a rethink on overseas broadcasters

Let the propaganda wars begin - again

'Accurate, objective, comprehensive': that was Voice of America's creed, but now its masters want it to promote US policy, reports Rupert Cornwell
Why Japan's incredible long-distance runners will never win the London Marathon

Japan's incredible long-distance runners

Every year, Japanese long-distance runners post some of the world's fastest times – yet, come next weekend, not a single elite competitor from the country will be at the London Marathon
Why does Tom Drury remain the greatest writer you've never heard of?

Tom Drury: The quiet American

His debut was considered one of the finest novels of the past 50 years, and he is every bit the equal of his contemporaries, Jonathan Franzen, Dave Eggers and David Foster Wallace
You should judge a person by how they peel a potato

You should judge a person by how they peel a potato

Dave Hax's domestic tips are reminiscent of George Orwell's tea routine. The world might need revolution, but we like to sweat the small stuff, says DJ Taylor
Beige is back: The drab car colours of the 1970s are proving popular again

Beige to the future

Flares and flounce are back on catwalks but a revival in ’70s car paintjobs was a stack-heeled step too far – until now
Bill Granger recipes: Our chef's dishes highlight the delicate essence of fresh cheeses

Bill Granger cooks with fresh cheeses

More delicate on the palate, milder, fresh cheeses can also be kinder to the waistline
Aston Villa vs Liverpool: 'This FA Cup run has been wonderful,' says veteran Shay Given

Shay Given: 'This FA Cup run has been wonderful'

The Villa keeper has been overlooked for a long time and has unhappy memories of the national stadium – but he is savouring his chance to play at Wembley
Timeless drama of Championship race in league of its own - Michael Calvin

Michael Calvin's Last Word

Timeless drama of Championship race in league of its own