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

Recruitment Genius: Property Manager

£25000 - £29000 per annum: Recruitment Genius: This independent, growing Sales...

Recruitment Genius: Graphic Designer

£16000 - £20000 per annum: Recruitment Genius: Multi-skilled graphic designer ...

Austen Lloyd: Court of Protection Solicitor

£30000 - £50000 per annum + EXCELLENT: Austen Lloyd: Court of Protection Solic...

Recruitment Genius: Senior Supervisor / Housewares / Furniture

£17000 - £20000 per annum: Recruitment Genius: This is a fantastic opportunity...

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
Career Services

Day In a Page

Homeless Veterans Christmas Appeal: Drifting and forgotten - turning lives around for ex-soldiers

Homeless Veterans Christmas Appeal: Turning lives around for ex-soldiers

Our partner charities help veterans on the brink – and get them back on their feet
Putin’s far-right ambition: Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU

Putin’s far-right ambition

Think-tank reveals how Russian President is wooing – and funding – populist parties across Europe to gain influence in the EU
Tove Jansson's Moominland: What was the inspiration for Finland's most famous family?

Escape to Moominland

What was the inspiration for Finland's most famous family?
Nightclubbing with Richard Young: The story behind his latest book of celebrity photographs

24-Hour party person

Photographer Richard Young has been snapping celebrities at play for 40 years. As his latest book is released, he reveals that it wasn’t all fun and games
Michelle Obama's school dinners: America’s children have a message for the First Lady

A taste for rebellion

US children have started an online protest against Michelle Obama’s drive for healthy school meals by posting photos of their lunches
Colouring books for adults: How the French are going crazy for Crayolas

Colouring books for adults

How the French are going crazy for Crayolas
Jack Thorne's play 'Hope': What would you do as a local politician faced with an impossible choice of cuts?

What would you do as a local politician faced with an impossible choice of cuts?

Playwright Jack Thorne's latest work 'Hope' poses the question to audiences
Ed Harcourt on Romeo Beckham and life as a court composer at Burberry

Call me Ed Mozart

Paloma Faith, Lana del Ray... Romeo Beckham. Ed Harcourt has proved that he can write for them all. But it took a personal crisis to turn him from indie star to writer-for-hire
10 best stocking fillers for foodies

Festive treats: 10 best stocking fillers for foodies

From boozy milk to wasabi, give the food-lover in your life some extra-special, unusual treats to wake up to on Christmas morning
Phil Hughes head injury: He had one weakness – it has come back to haunt him

Phil Hughes had one weakness – it has come back to haunt him

Prolific opener had world at his feet until Harmison and Flintoff bounced him
'I have an age of attraction that starts as low as four': How do you deal with a paedophile who has never committed a crime?

'I am a paedophile'

Is our approach to sex offenders helping to create more victims?
How bad do you have to be to lose a Home Office contract?

How bad do you have to be to lose a Home Office contract?

Serco given Yarl’s Wood immigration contract despite ‘vast failings’
Green Party on the march in Bristol: From a lost deposit to victory

From a lost deposit to victory

Green Party on the march in Bristol
Putting the grot right into Santa's grotto

Winter blunderlands

Putting the grot into grotto
'It just came to us, why not do it naked?' London's first nude free runner captured in breathtaking images across capital

'It just came to us, why not do it naked?'

London's first nude free runner captured in breathtaking images across capital