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

Recruitment Genius: Clinical Lead / RGN

£40000 - £42000 per annum: Recruitment Genius: This is an exciting opportunity...

Recruitment Genius: IT Sales Consultant

£35000 - £40000 per annum: Recruitment Genius: This IT support company has a n...

Recruitment Genius: Works Engineer

Negotiable: Recruitment Genius: A works engineer is required in a progressive ...

Recruitment Genius: Trainee Hire Manager - Tool Hire

£21000 - £25000 per annum: Recruitment Genius: Our client is seeking someone w...

The Business Matrix: Thursday 3 May 2012

Time Warner hit by bad 'Luck'

The US media giant Time Warner said its first-quarter profits had been hit by charges, including the $35m (£21.6m) cost of pulling its troubled TV series Luck. The HBO horseracing series, starring Dustin Hoffman, was cancelled after three horses died during filming. Profits at Time Warner fell to $581m from $651m the year before.

European airlines in tickets surge

European airlines enjoyed a 9 per cent surge in demand for tickets in March, fuelled by expanding European exports to Asian economies and more business travel. The latest figures from Iata said global traffic rose 7.6 per cent in March. Demand for freight transport climbed a fragile 0.3 per cent compared with a year earlier.

Diet range boosts Nichols' sales

A new Weight Watchers range helped Vimto maker Nichols record double-digit sales growth in the first four months of 2012. With strong demand from the Middle East, Africa and other developing markets, the firm, which also makes Levi Roots and Sunkist drinks, said it was confident of hitting City forecasts.

Wetherspoon to slow pub openings

JD Wetherspoon will slow the pace of new pub openings in the next year as it grapples with a £50m increase in its tax bill after rises in duty and business rates. The chain will open 40 pubs in the year to 29 July but expects this figure to slow to between 20 and 30 new sites the year after.

Flood insurance will slow market

A lack of affordable flood insurance this summer could trigger a further slowdown in the housing market, the Council of Mortgage Lenders has warned. About 200,000 homes at risk from flooding may face difficulties getting insurance from next year.

Boost for Standard Chartered

The Asia-focused bank Standard Chartered said it is in "excellent shape" after a strong start to 2012. Income showed high single-digit growth despite being impacted by the growing strength of the dollar over Asian currencies, while growth in countries such as China made up for a subdued performance in India.

Emap sells off CAP for £175m

Guardian Media Group and Apax Partners have received a boost from their troubled £1.1bn investment in the media giant formerly known as Emap after they offloaded its car data business CAP for about £175m. Montagu Private Equity is buying CAP from Top Right Group, the new corporate name for Emap, which the pair bought in 2008.

UBS hit by further fall in profits

UBS, the banking giant still reeling from a £1.4bn rogue trading scandal, recorded another tumble in profits yesterday and said it was cautious about global markets. The Swiss firm made £560m during the first quarter, less than half what it recorded a year ago. UBS is cutting back its investment banking arm.

Avon wins £14.7m Middle-East order

Breathing apparatus maker Avon Rubber said it had received a major order worth £14.7m from a Middle East customer – its largest-ever contract outside the US military. The announcement came as the firm posted a 6 per cent rise in half-yearly profits to £4.6m.

Co-op ends interest only mortgages

The Co-operative Bank has withdrawn its range of interest-only mortgages for new borrowers. Most banks are tightening up terms on such mortgages. Regulators have warned 1.5 million such loans worth £120bn are due for repayment in the next decade.

Latest stories from i100
SPONSORED FEATURES
Career Services

Day In a Page

Migrant crisis: UN official Philippe Douste-Blazy reveals the harrowing sights he encountered among refugees arriving on Lampedusa

‘Can we really just turn away?’

Dead bodies, men drowning, women miscarrying – a senior UN figure on the horrors he has witnessed among migrants arriving on Lampedusa, and urges politicians not to underestimate our caring nature
Nine of Syria and Iraq's 10 world heritage sites are in danger as Isis ravages centuries of history

Nine of Syria and Iraq's 10 world heritage sites are in danger...

... and not just because of Isis vandalism
Girl on a Plane: An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack

Girl on a Plane

An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack
Why Frederick Forsyth's spying days could spell disaster for today's journalists

Why Frederick Forsyth's spying days could spell disaster for today's journalists

The author of 'The Day of the Jackal' has revealed he spied for MI6 while a foreign correspondent
Markus Persson: If being that rich is so bad, why not just give it all away?

That's a bit rich

The billionaire inventor of computer game Minecraft says he is bored, lonely and isolated by his vast wealth. If it’s that bad, says Simon Kelner, why not just give it all away?
Euro 2016: Chris Coleman on course to end half a century of hurt for Wales

Coleman on course to end half a century of hurt for Wales

Wales last qualified for major tournament in 1958 but after several near misses the current crop can book place at Euro 2016 and end all the indifference
Rugby World Cup 2015: The tournament's forgotten XV

Forgotten XV of the rugby World Cup

Now the squads are out, Chris Hewett picks a side of stars who missed the cut
A groundbreaking study of 'Britain's Atlantis' long buried at the bottom of the North Sea could revolutionise how we see our prehistoric past

Britain's Atlantis

Scientific study beneath North Sea could revolutionise how we see the past
The Queen has 'done and said nothing that anybody will remember,' says Starkey

The Queen has 'done and said nothing that anybody will remember'

David Starkey's assessment
Oliver Sacks said his life has been 'an enormous privilege and adventure'

'An enormous privilege and adventure'

Oliver Sacks writing about his life
'Gibraltar is British, and it is going to stay British forever'

'Gibraltar is British, and it is going to stay British forever'

The Rock's Chief Minister hits back at Spanish government's 'lies'
Britain is still addicted to 'dirty coal'

Britain still addicted to 'dirty' coal

Biggest energy suppliers are more dependent on fossil fuel than a decade ago
Orthorexia nervosa: How becoming obsessed with healthy eating can lead to malnutrition

Orthorexia nervosa

How becoming obsessed with healthy eating can lead to malnutrition
Lady Chatterley is not obscene, says TV director

Lady Chatterley’s Lover

Director Jed Mercurio on why DH Lawrence's novel 'is not an obscene story'
Farmers in tropical forests are training ants to kill off bigger pests

Set a pest to catch a pest

Farmers in tropical forests are training ants to kill off bigger pests