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

Recruitment Genius: Linux Systems Administrator

Negotiable: Recruitment Genius: This leading provider of UK Magento hosting so...

Recruitment Genius: Sales Development Manager - North Kent - OTE £19K

£16000 - £19000 per annum: Recruitment Genius: A unique opportunity has arisen...

Tradewind Recruitment: Maths Teacher

Negotiable: Tradewind Recruitment: Tradewind are working with this secondary s...

Tradewind Recruitment: Science Teacher

Negotiable: Tradewind Recruitment: We are working with a school that needs a t...

The Business Matrix: Thursday 27 February 2014

Gatwick’s £30m for flood defences

Gatwick has put aside £30m to improve its flood defences. The London airport set up a review after floods hit its electricity substations on Christmas Eve, forcing it to cancel 145 flights (pictured). Gatwick said it would accept the recommendations for flood plans and ways it can help passengers affected by disruptions in future.

Confidence spurs business investors

Rising confidence is prompting companies to pump more cash into their businesses as household spending slows down. Spending on factories and plant drove a 2.4 per cent rise in business investment in the final quarter of 2013, which contributed 0.2 percentage points of the economy’s overall 0.7 per cent growth.

Three bailed on fraud charges 

Three former Barclays bankers appeared in Westminster Magistrates Court yesterday charged with conspiracy to defraud for their role in the alleged fixing of the Libor rate. Peter Johnson, 59, Jonathan Mathew, 33, and Stylianos Contogoulas, 42, were granted bail until they appear at Southwark Crown Court next Monday.

Forex fined £4m for ‘unfair profits’

The currency trader Forex Capital Markets has been fined £4m by the Financial Conduct Authority for making “unfair profits”. The City watchdog said that, between 2006- 2010, the trader had withheld profits made from favourable market movements worth about £6m but passed on losses in full to customers.

39% profits boost for Taylor Wimpey

Housebuilder Taylor Wimpey said its UK business performed at the upper end of expectations in 2013 as the sale of 11,696 homes at an average price of £191,000 helped operating profit rise 39 per cent to £312.8m. The value of its order book grew 31 per cent to £1.25bn by the end of the year.

Stagecoach rides the winter storms

Stagecoach said there was no significant change to earnings per share expectations for the year to April, despite the impact of severe weather on its operations in the United States and UK. Bus passenger volumes in the UK grew 1.2 per cent in the first 42 weeks of the year, helping revenues to rise 4.6 per cent.

Tasty profits for Restaurant Group

The Restaurant Group, which operates 440 sites under brands including Frankie & Benny’s, Chiquito and Garfunkel’s, said profits rose 13 per cent to £72.7m in 2013 after like-for-like sales improved 3.5 per cent. The trend has continued in the first eight weeks of the new year.

Blackwell set to float Scholium

Philip Blackwell, a scion of the Blackwell bookstores family, is looking to list his Scholium Group on the London Stock Exchange to raise £10m. Scholium runs specialist bookstores such as Shapero Rare Books and is looking to expand business to meet demand from collectors.

Greggs looks to beef up breakfast

Greggs is looking to cash in on time-poor commuters by providing more breakfasts as it tries to move away from its image as a sausage roll emporium. The baker also blamed poor weather as it posted a 19 per cent fall in profits last year to £41m.

Warning on UK productivity 

The Bank of England’s rate-setter Ben Broadbent hinted at a more hawkish outlook for interest rates yesterday as he warned there was “no inevitability” that the UK could recover from blows to productivity dealt by the recession.

Latest stories from i100
Career Services

Day In a Page

Woman who was sent to three Nazi death camps describes how she escaped the gas chamber

Auschwitz liberation 70th anniversary

Woman sent to three Nazi death camps describes surviving gas chamber
DSK, Dodo the Pimp, and the Carlton Hotel

The inside track on France's trial of the year

Dominique Strauss-Kahn, Dodo the Pimp, and the Carlton Hotel:
As provocative now as they ever were

Sarah Kane season

Why her plays are as provocative now as when they were written
Murder of Japanese hostage has grim echoes of a killing in Iraq 11 years ago

Murder of Japanese hostage has grim echoes of another killing

Japanese mood was against what was seen as irresponsible trips to a vicious war zone
Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
'In Auschwitz you got used to anything'

'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore
'I'm gay, and plan to fight military homophobia'

'I'm gay, and plan to fight military homophobia'

Army general planning to come out
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea