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

Guru Careers: Software Developer / C# Developer

£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...

Guru Careers: Software Developer

£35 - 40k + Benefits: Guru Careers: We are seeking a Software Developer (JavaS...

SThree: Trainee Recruitment Consultant / Resourcer

£18000 - £23000 per annum + Commission: SThree: As a Trainee Recruitment Consu...

Ashdown Group: UI Developer - (UI, HTML, CSS, JavaScript, AngularJS)

£25000 - £40000 per annum: Ashdown Group: UI Developer - (UI, JavaScript, HTML...

The Business Matrix: Thursday 28 July 2011

Dunkin’ Brands share value soars

Shares in Dunkin’ Brands jumped more than 50 per cent on their debut in New York yesterday, valuing the owner of Dunkin’ Donuts and Baskin’ Robbins ice-cream parlors at more than $3.5bn (£2bn) last night. The group raised $423m in its initial public offering, priced at a higher-than-expected $19 per share.

Lancashire to return to London

The Lloyd’s of London insurer Lancashire is moving its tax base from Bermuda back to Britain after the Government promised to reform the taxation of overseas profits. The firm, which insures aircraft, ships and oil rigs, unveiled the move as it reported a forecast-beating rise in profits thanks to its limited exposure to recent natural disasters.

Forever 21 opens London store

Queues stretched along Oxford Street yesterday as Forever 21, the US fashion chain, opened its first store in London. The flagship store, in the three-storey former HMV building, will be followed by another branch in the autumn at Stratford Westfield as the chain rolls out 20 European stores. An outlet in Birmingham opened last November.

Diageo settles corruption case

Diageo, the world’s biggest spirits group, has agreed to pay more than $16m (£10m) to settle US charges that it violated the US Foreign Corrupt Practices act. The Johnnie Walker maker did not admit any wrongdoing when settling the charges that subsidiaries had made improper payments to obtain benefits in India, Thailand, and South Korea.

Provident posts healthy profits

The doorstep lender Provident Financial saw profits from its credit card arm, Vanquis Bank, nearly double to £17.6m in the first half of 2011 as its bad debt rate fell. Overall, profits at the Provident, which lends to people who cannot get credit from highstreet banks, rose 15 per cent to £62m with lending up 12 per cent.

Carphone loses out on long deals

The Carphone Warehouse has revealed a drop in quarterly sales after weak demand for pre-pay phones and a shift towards 24-month contracts hit its UK stores. Total connections fell 6 per cent and sales 3 per cent, despite strong demand on the Continent for smartphones such as Apple’s iPhone.

Cloud services lift Autonomy growth

Autonomy posted a 16 per cent jump in quarterly sales yesterday and said growth was driven by cloud computing, in which it manages data storage and processing for customers remotely. This also gives the software firm a clearer outlook because it has long-term contracts with recurring revenues.

Sage weathers last quarter well

Sage, the software specialist for small and medium-sized businesses, made progress in the last three months despite the uncertain economic backdrop. The Newcastle-based group said it is managing its cost base carefully and expects to deliver good growth over the full year to September.

Cox & King’s wins Holidaybreak

The upmarket tour operator Cox & Kings is to add school trips and holiday parks to its portfolio after securing a £312m takeover deal. The acquisition of Holidaybreak includes the educational holidays and tour businesses PGL and NST, as well as Eurocamp, Keycamp, and the Explore adventure holidays brand.

Ipsos buys Aegis in £525m deal

The French market-research company Ipsos is buying Aegis’s market-research division Synovate for £525m in a move it said would propel it to the No 3 spot worldwide. The sale could also focus attention on the rest of the ad agency Aegis, which has long been seen as a target for the French group Havas.

Latest stories from i100
Career Services

Day In a Page

Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine
Letterman's final Late Show: Laughter, but no tears, as David takes his bow after 33 years

Laughter, but no tears, as Letterman takes his bow after 33 years

Veteran talkshow host steps down to plaudits from four presidents
Ivor Novello Awards 2015: Hozier wins with anti-Catholic song 'Take Me To Church' as John Whittingdale leads praise for Black Sabbath

Hozier's 'blasphemous' song takes Novello award

Singer joins Ed Sheeran and Clean Bandit in celebration of the best in British and Irish music
Tequila gold rush: The spirit has gone from a cheap shot to a multi-billion pound product

Join the tequila gold rush

The spirit has gone from a cheap shot to a multi-billion pound product
12 best statement wallpapers

12 best statement wallpapers

Make an impact and transform a room with a conversation-starting pattern
Paul Scholes column: Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?

Paul Scholes column

Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?