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

Recruitment Genius: Senior Environmental Adviser - Maternity Cover

£37040 - £43600 per annum: Recruitment Genius: The UK's export credit agency a...

Recruitment Genius: CBM & Lubrication Technician

£25000 - £27500 per annum: Recruitment Genius: This company provides a compreh...

Recruitment Genius: Care Worker - Residential Emergency Service

£16800 - £19500 per annum: Recruitment Genius: Would you like to join an organ...

Recruitment Genius: Senior Landscaper

£25000 - £28000 per annum: Recruitment Genius: In the last five years this com...

The Business Matrix: Thursday 27 June 2013

Right royal result for Crown Estate

The Queen is nearly £38m better off following record results from her property company, the Crown Estate, an £8bn empire stretching from swaths of London's West End to offshore wind farms. The Crown Estate produced a 5 per cent rise in profits of £252.6m in the year to 31 March. The Treasury gives 15 per cent back to the monarch.

Rebranding for Murdoch's empire

Rupert Murdoch's News Corporation has dropped the name of its troubled UK newspaper arm, News International, and rebranded it as News UK. Mike Darcey, the chief executive, said the rebrand "begins a bright new chapter" for the group, which continues to face allegations over phone hacking and illegal payments.

StanChart shares show small gains

Shares in Standard Chartered, the London bank focused on emerging markets, rose by 1.72 per cent yesterday after it said trading was better than investors feared. Although full-year income is likely to grow by only high single-digit percentages, the bank said the second quarter had seen a sizeable improvement over the first.

US output shows slight growth

The US economy grew by just 1.8 per cent during the first quarter of the year, far below the initial estimate of 2.4 per cent, according to new figures published yesterday in a US Commerce Department report. The figures showed consumers spent less than previously estimated, a sign that higher taxes could be dampening growth.

British Airways sets up bond issue

British Airways has launched a $927m (£605m) publicly traded bond issue, using 14 new planes as collateral. The firm, which is owned by International Airlines Group, is issuing two classes of certificates, backed by a pool of six Boeing 787-8 aircraft, two 777-300 jets and six Airbus 320-200s.

Ashley buys HMV Oxford St store

The flagship Oxford Street store of the fallen music retailer HMV has been snapped up by Mike Ashley, the founder of Sports Direct. The billionaire has struck the deal with HMV's administrator, Deloitte, for the lease on the 60,000 sq ft store. Sports Direct already has a smaller store on Oxford Street.

TM Lewin seeks advice over sale

TM Lewin, the maker of shirts worn by hordes of City workers, is close to appointing advisers to sell the business for up to £100m. Rothschild and Ernst & Young are battling it out for mandate to sell Lewin, which opened its first store in Jermyn Street in London in 1898.

Stagecoach motors ahead

Busier UK buses plus more passengers in the US drove Stagecoach to post an 8 per cent rise in full-year profits to £218.9m. Profits at its North American bus business almost doubled to £49.9m. Stagecoach hiked its full-year dividend by 10 per cent to 8.6p.

Dazzling find for Gem Diamonds

Gem Diamonds has recovered a 100-carat diamond from its Letseng mine in Lesotho – the third such discovery there since May. A 164-carat diamond from Lesotho sold for $9m (£5.9m) last month. Analysts said the stones would sell for at least $6m each.

BP has plans in Adriatic pipeline

The BP-led group developing Azerbaijan's vast gas reserves has chosen the Trans Adriatic Pipeline via Greece to link to Europe, defeating an Austrian route. The project reflects a European Union push for alternatives to Russian gas imports.

Latest stories from i100
SPONSORED FEATURES
Career Services

Day In a Page

The long walk west: they fled war in Syria, only to get held up in Hungary – now hundreds of refugees have set off on foot for Austria

They fled war in Syria...

...only to get stuck and sidetracked in Hungary
From The Prisoner to Mad Men, elaborate title sequences are one of the keys to a great TV series

Title sequences: From The Prisoner to Mad Men

Elaborate title sequences are one of the keys to a great TV series. But why does the art form have such a chequered history?
Giorgio Armani Beauty's fabric-inspired foundations: Get back to basics this autumn

Giorgio Armani Beauty's foundations

Sumptuous fabrics meet luscious cosmetics for this elegant look
From stowaways to Operation Stack: Life in a transcontinental lorry cab

Life from the inside of a trucker's cab

From stowaways to Operation Stack, it's a challenging time to be a trucker heading to and from the Continent
Kelis interview: The songwriter and sauce-maker on cooking for Pharrell and crying over potatoes

Kelis interview

The singer and sauce-maker on cooking for Pharrell
Refugee crisis: David Cameron lowered the flag for the dead king of Saudi Arabia - will he do the same honour for little Aylan Kurdi?

Cameron lowered the flag for the dead king of Saudi Arabia...

But will he do the same honour for little Aylan Kurdi, asks Robert Fisk
Our leaders lack courage in this refugee crisis. We are shamed by our European neighbours

Our leaders lack courage in this refugee crisis. We are shamed by our European neighbours

Humanity must be at the heart of politics, says Jeremy Corbyn
Joe Biden's 'tease tour': Could the US Vice-President be testing the water for a presidential run?

Joe Biden's 'tease tour'

Could the US Vice-President be testing the water for a presidential run?
Britain's 24-hour culture: With the 'leisured society' a distant dream we're working longer and less regular hours than ever

Britain's 24-hour culture

With the 'leisured society' a distant dream we're working longer and less regular hours than ever
Diplomacy board game: Treachery is the way to win - which makes it just like the real thing

The addictive nature of Diplomacy

Bullying, betrayal, aggression – it may be just a board game, but the family that plays Diplomacy may never look at each other in the same way again
Lady Chatterley's Lover: Racy underwear for fans of DH Lawrence's equally racy tome

Fashion: Ooh, Lady Chatterley!

Take inspiration from DH Lawrence's racy tome with equally racy underwear
8 best children's clocks

Tick-tock: 8 best children's clocks

Whether you’re teaching them to tell the time or putting the finishing touches to a nursery, there’s a ticker for that
Charlie Austin: Queens Park Rangers striker says ‘If the move is not right, I’m not going’

Charlie Austin: ‘If the move is not right, I’m not going’

After hitting 18 goals in the Premier League last season, the QPR striker was the great non-deal of transfer deadline day. But he says he'd preferred another shot at promotion
Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

How Isis profits from destruction of antiquities

Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

'If we lose touch we’ll end up with two decades of the Tories'

In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea