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

Ashdown Group: Senior Accounts Assistant - Accounts Payable - St. Albans

£26000 - £28000 per annum + benefits : Ashdown Group: Senior Accounts Assistan...

Ashdown Group: Treasury Assistant - Accounts Assistant - London, Old Street

£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...

Recruitment Genius: Installation and Service / Security Engineer

£22000 - £40000 per annum: Recruitment Genius: This company is part of a Group...

Recruitment Genius: Service Charge Accounts Assistant

£16000 - £18000 per annum: Recruitment Genius: Are you a a young, dynamic pers...

The Business Matrix: Thursday 31 January 2013

One cigarette in five 'is duty-free'

One in five cigarettes smoked in Britain now comes from black-market or duty-free sources, losing the Government more than £3bn a year, Imperial Tobacco said yesterday. "There has been a sharp upsurge in illegals in the last few weeks," an Imperial spokesman said. "Last year, it was running at 16 per cent."

No buyer found for Mothercare

Mothercare's Australian business has collapsed into administration after it failed to find a buyer for the baby products retailer.

Mothercare Australia had been in talks with The Myer Family Company to sell the business, which has 74 stores in Australia and New Zealand, but these talks "ended inconclusively".

Output falls 1.8% on one year ago

Austerity-stricken Spain's deepening recession failed to give the markets a reality check yesterday as sterling lost yet more ground against the euro. Spain's economy shrank 0.7 per cent between October and December, for the sixth quarter in a row of shrinking output. The latest fall meant the nation's output was 1.8 per cent lower than a year ago.

Safestore tumbles into the red

The UK's biggest self-storage firm counted the cost of the Chancellor's Budget raid on the industry and a falling pound yesterday as it veered into the red. George Osborne's move to impose VAT on self-storage last year saw Safestore tumble to a pre-tax loss of £19.5m for the year to 31 October, well below the previous year's £8.5m profit.

Hornby back on the right track

The toymaker Hornby was back on track yesterday after last autumn's profit warning, which wiped a third off its value. The difficult-to-shift Olympic toy cars and memorabilia have virtually disappeared in discounted sales while new products shown at the recent London Toy Fair have gone down a storm.

Recession hits United Utilities

United Utilities, which provides water and sewage services to around seven million people in north-west England, said current trading has been in line with hopes. Revenues have increased at a rate slightly below the allowed regulated price rise for 2012/13 due to the impact of difficult economic conditions.

Catalyst downturn hits Matthey

Materials technology firm Johnson Matthey said sales in the quarter to December 31 were down 2 per cent on last year at £635m, while profits fell as expected by 19 per cent to £84.3m. The decline partly reflected a downturn in demand for vehicle catalysts in Europe.

Bovis signs new credit deal

Bovis Homes has signed a new long-term credit deal with its banks that will provide it with "significant financial flexibility". It has entered into a £125m credit facility expiring in March 2017 and a three-year loan of £25m, replacing the previous £150m credit facility.

China boost for Renishaw

Motion control and precision machinery firm Renishaw said second quarter revenues were 2 per cent higher at £78.3m, having jumped 36 per cent in the previous quarter due to a more than doubling of revenues to the Far East, specifically China.

UPS bid for TNT Express blocked

EU anti-trust regulators blocked a €5.2bn (£6.5bn) bid by United Parcel Service for TNT Express, denting the world's biggest package delivery company's hopes of expanding its presence in Asia and Latin America.

Latest stories from i100
Career Services

Day In a Page

General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband

Chuka Umunna: A virus of racism runs through Ukip

The shadow business secretary on the benefits of immigration, humility – and his leader Ed Miliband
Yemen crisis: This exotic war will soon become Europe's problem

Yemen's exotic war will soon affect Europe

Terrorism and boatloads of desperate migrants will be the outcome of the Saudi air campaign, says Patrick Cockburn
Marginal Streets project aims to document voters in the run-up to the General Election

Marginal Streets project documents voters

Independent photographers Joseph Fox and Orlando Gili are uploading two portraits of constituents to their website for each day of the campaign
Game of Thrones: Visit the real-life kingdom of Westeros to see where violent history ends and telly tourism begins

The real-life kingdom of Westeros

Is there something a little uncomfortable about Game of Thrones shooting in Northern Ireland?
How to survive a social-media mauling, by the tough women of Twitter

How to survive a Twitter mauling

Mary Beard, Caroline Criado-Perez, Louise Mensch, Bunny La Roche and Courtney Barrasford reveal how to trounce the trolls
Gallipoli centenary: At dawn, the young remember the young who perished in one of the First World War's bloodiest battles

At dawn, the young remember the young

A century ago, soldiers of the Empire – many no more than boys – spilt on to Gallipoli’s beaches. On this 100th Anzac Day, there are personal, poetic tributes to their sacrifice
Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves

Follow the money as never before

Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves, reports Rupert Cornwell
Samuel West interview: The actor and director on austerity, unionisation, and not mentioning his famous parents

Samuel West interview

The actor and director on austerity, unionisation, and not mentioning his famous parents
General Election 2015: Imagine if the leading political parties were fashion labels

Imagine if the leading political parties were fashion labels

Fashion editor, Alexander Fury, on what the leaders' appearances tell us about them
Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

The architect of the HeForShe movement and head of UN Women on the world's failure to combat domestic violence
Public relations as 'art'? Surely not

Confessions of a former PR man

The 'art' of public relations is being celebrated by the V&A museum, triggering some happy memories for DJ Taylor
Bill Granger recipes: Our chef succumbs to his sugar cravings with super-luxurious sweet treats

Bill Granger's luxurious sweet treats

Our chef loves to stop for 30 minutes to catch up on the day's gossip, while nibbling on something sweet
London Marathon 2015: Paula Radcliffe and the mother of all goodbyes

The mother of all goodbyes

Paula Radcliffe's farewell to the London Marathon will be a family affair
Everton vs Manchester United: Steven Naismith demands 'better' if Toffees are to upset the odds against United

Steven Naismith: 'We know we must do better'

The Everton forward explains the reasons behind club's decline this season
Arsenal vs Chelsea: Praise to Arsene Wenger for having the courage of his convictions

Michael Calvin's Last Word

Praise to Wenger for having the courage of his convictions