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

Recruitment Genius: Games Developer - HTML5

£28000 - £45000 per annum: Recruitment Genius: With extensive experience and a...

Recruitment Genius: Personal Tax Senior

£26000 - £34000 per annum: Recruitment Genius: This is an opportunity to join ...

Recruitment Genius: Assistant Product Manager

Negotiable: Recruitment Genius: Due to on-going expansion, this leading provid...

Recruitment Genius: Shift Leaders - Front of House Staff - Full Time and Part Time

£6 - £8 per hour: Recruitment Genius: This is an opportunity to join a family ...

The Business Matrix: Thursday 5 January 2012

Wessex wins right to study Channel

Wessex Exploration and an arm of Australian company Norwest Energy have won the right to explore five parts of the English Channel for oil for the next two years. The Department of the Environment and Climate Change awarded the rights to explore the sites to the east and south-east of the Wytch Farm oil field by Poole Harbour in Dorset.

Domino's delivers a profit of £42m

Lance Batchelor, the new chief executive of Domino's Pizza UK, is "confident" about the group's prospects for the year ahead, despite a sharp slowdown in its fourth-quarter growth. Full-year profits at the pizza group were in line with City forecasts of £42m, as online and mobile sales helped boost a 9.5 per cent rise in revenues to £145m.

Unpaid overtime worth billions

Workers gave bosses nearly two billion hours of unpaid overtime last year, the equivalent of a million full-time jobs. Research by the TUC found that more than5 million workers put in an average of 7.2 hours a week unpaid overtime, worth £5,300 a person. London and the South-east did the most unpaid work.

Big discount for UniCredit rights

The Italian banking giant UniCredit has tapped shareholders for £6bn with a heavily discounted rights issue to plug a hole in its balance sheet. The 43 per cent discount underlines the funding issues faced by Europe's banks, which are scrambling to shore up capital buffers.

World Trade Group in MBO

The business conference firm World Trade Group has been bought out by its management in a £27.5m deal backed by private equity firm GCP Capital Partners, which takes a majority stake. The firm runs events in Europe, North America and Asia.

Pain offers gain to Smith & Nephew

Smith & Nephew plans to spin off its biologics business, which supplies products promoting healing and pain relief, in a £165m deal. The manufacturer of replacement joints is rolling the business into a new, US-based joint venture called Bioventus. The private equity healthcare firm Essex Woodlands will own a 51 per cent.

Builders busier in December

Construction activity in Britain grew last month but experts said the wider economy was still likely to have stagnated at the end of last year. The latest Chartered Institute of Purchasing and Supply/Markit index, where a score above 50 signals growth, rose to 53.2, with expansion seen across all sectors for the first time in nine months.

Mortgage lending highest since 2009

The number of mortgages approved for house purchases has defied expectations by rising to its highest point in almost two years, according to data for November from the Bank of England. But economists warned that deals were becoming more restricted as banks tighten lending conditions.

Cook's frozen food running hot

The frozen ready meals retailer Cook has enjoyed its strongest ever Christmas despite not offering discounts in December. In the four weeks before Christmas, like-for-like sales rose 13 per cent, and sales exceeded £1m in each of the two weeks before 25 December.

Natural disaster claims hit $105bn

Insurance claims from natural disasters like the earthquakes in Japan and New Zealand reached a record $105bn in 2011, according to the insurance giant Munich Re. The earthquake and tsunami in Japan is set to cost insurers $35bn to $40bn.

Latest stories from i100
SPONSORED FEATURES
Career Services

Day In a Page

Mullah Omar, creator of the Taliban, is dead... for the fourth time

Mullah Omar, creator of the Taliban, is dead... again

I was once told that intelligence services declare their enemies dead to provoke them into popping up their heads and revealing their location, says Robert Fisk
Margaret Attwood on climate change: 'Time is running out for our fragile, Goldilocks planet'

Margaret Atwood on climate change

The author looks back on what she wrote about oil in 2009, and reflects on how the conversation has changed in a mere six years
New Dr Seuss manuscript discovered: What Pet Should I Get? goes on sale this week

New Dr Seuss manuscript discovered

What Pet Should I Get? goes on sale this week
Oculus Rift and the lonely cartoon hedgehog who could become the first ever virtual reality movie star

The cartoon hedgehog leading the way into a whole new reality

Virtual reality is the 'next chapter' of entertainment. Tim Walker gives it a try
Ants have unique ability to switch between individual and collective action, says study

Secrets of ants' teamwork revealed

The insects have an almost unique ability to switch between individual and collective action
Donovan interview: The singer is releasing a greatest hits album to mark his 50th year in folk

Donovan marks his 50th year in folk

The singer tells Nick Duerden about receiving death threats, why the world is 'mentally ill', and how he can write a song about anything, from ecology to crumpets
Let's Race simulator: Ultra-realistic technology recreates thrill of the Formula One circuit

Simulator recreates thrill of F1 circuit

Rory Buckeridge gets behind the wheel and explains how it works
Twitter accused of 'Facebookisation' over plans to overhaul reverse-chronological timeline

Twitter accused of 'Facebookisation'

Facebook exasperates its users by deciding which posts they can and can’t see. So why has Twitter announced plans to do the same?
Jane Birkin asks Hermès to rename bag - but what else could the fashion house call it?

Jane Birkin asks Hermès to rename bag

The star was shocked by a Peta investigation into the exotic skins trade
10 best waterproof mascaras

Whatever the weather: 10 best waterproof mascaras

We found lash-enhancing beauties that won’t budge no matter what you throw at them
Diego Costa biography: Chelsea striker's route to the top - from those who shared his journey

Diego Costa: I go to war. You come with me...

Chelsea's rampaging striker had to fight his way from a poor city in Brazil to life at the top of the Premier League. A new book speaks to those who shared his journey
Ashes 2015: England show the mettle to strike back hard in third Test

England show the mettle to strike back hard in third Test

The biggest problem facing them in Birmingham was the recovery of the zeitgeist that drained so quickly under the weight of Australian runs at Lord's, says Kevin Garside
Women's Open 2015: Charley Hull - 'I know I'm a good golfer but I'm also just a person'

Charley Hull: 'I know I'm a good golfer but I'm also just a person'

British teen keeps her feet on ground ahead of Women's Open
Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkish President Erdogan could benefit politically from the targeting of the PKK, says Patrick Cockburn
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn or a return to a Labour government

Our choice is years of Tory rule under Corbyn or a return to a Labour government

Yvette Cooper urged Labour members to 'get serious' about the next general election rather than become 'a protest movement'