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

Recruitment Genius: Photographer / Floorplanner / Domestic Energy Assessor

£16000 - £25000 per annum: Recruitment Genius: A Photographer/ Floor planner /...

Ashdown Group: Front-End Developer - Surrey - £40,000

£30000 - £40000 per annum: Ashdown Group: Front-End Developer - Guildford/Craw...

Recruitment Genius: Customer Service Assistant

£13500 - £15000 per annum: Recruitment Genius: A Customer Service Assistant is...

Recruitment Genius: Sales Executive - OTE £35,000

£16000 - £35000 per annum: Recruitment Genius: An ambitious and motivated Sale...

The Business Matrix: Thursday 6 October 2011

IMF intervention calms nerves

Stock markets across Europe and North America bounced back yesterday amid signs that the International Monetary Fund is prepared to intervene more actively in the eurozone sovereign-debt crisis than previously thought. However, the IMF warned again that it was imperative to strengthen Europe’s banks. MORE

Supergroup hit by upgrade debacle

Supergroup, the fashion retailer that has enjoyed stellar success since floating on the stock market 18 months ago, saw almost a third of its value disappear yesterday after warning that a disastrous upgrade to its warehouse and distribution system had cost it millions in lost sales. Its shares fell by almost 30 per cent. MORE

Game developers call for more help

The economy benefited to the tune of about £1bn from Britain’s video game industry last year, according to a study published yesterday by Tiga, the trade association for games developers. Tiga said smartphones and tablets had raised sales of games and made games publishing easier, but it called for more government support for the sector.

Thomas Cook faces strike ballot

Cabin crew at Thomas Cook are to be asked if they want to hold an industrial action ballot over redundancy terms. Unite, which represents around 1,300 cabin crew, said the move followed the breakdown of talks about terms for people losing their jobs. It wants the company to offer a more generous package to staff taking voluntary redundancy.

Private sector adds 91,000 jobs

US private-sector employers added 91,000 jobs in September, above economists’ expectations, a report by the payroll processor ADP showed yesterday. The data provided policymakers with some welcome relief amid mounting fears that the US’s economic recovery is threatening to stall.

Sales up at in-play Sportingbet

Online gambling firm Sportingbet said talks over a possible takeover by Ladbrokes were continuing as it posted higher-than-expected full-year earnings yesterday, sending its shares up 7 per cent. Sportingbet said it was also continuing discussions on the possible sale of its Turkish language website business.

Premier to pay £220m for Encore

Premier Oil is to buy Encore Oil for £220m in a deal that will expand its presence in the North Sea and could trigger a series of transactions among the smaller UK explorers. The takeover will raise Premier’s stake in the Catcher field – one of the biggest discoveries in the North Sea in recent years – to 50 per cent.

Kazakhs offer BG £713m peace deal

Kazakhstan said yesterday it would be willing to pay up to $1.1bn (£713m) for a tenth of Karachaganak, a local joint venture led by Britain’s BG Group and Eni of Italy. The government in Astana is conscious that Karachaganak is the only major oil development in which the state does not hold a stake.

Bloodletting at UBS continues

UBS has accepted the resignations of Francois Gouws and Yassine Bouhara, until now the co-heads of global equities, in the wake of last month’s rogue trade scandal, which saw the bank lose £1.5bn. UBS said last night that disciplinary investigations were ongoing, with a source saying further departures were likely.

Morgan Stanley bounces back

Executives at Morgan Stanley last night were cheering the success of their efforts to restore confidence in the investment bank, after a bear raid on the company’s share price and bond insurance that had threatened to spark an all-out panic. The bank rejected rumours about its exposure to French banks.

Latest stories from i100
Career Services

Day In a Page

Not even the 'putrid throat' could stop the Ross Poldark swoon-fest'

Not even the 'putrid throat' could stop the Ross Poldark swoon-fest'

How a costume drama became a Sunday night staple
Miliband promises no stamp duty for first-time buyers as he pushes Tories on housing

Miliband promises no stamp duty for first-time buyers

Labour leader pushes Tories on housing
Aviation history is littered with grand failures - from the the Bristol Brabazon to Concorde - but what went wrong with the SuperJumbo?

Aviation history is littered with grand failures

But what went wrong with the SuperJumbo?
Fear of Putin, Islamists and immigration is giving rise to a new generation of Soviet-style 'iron curtains' right across Europe

Fortress Europe?

Fear of Putin, Islamists and immigration is giving rise to a new generation of 'iron curtains'
Never mind what you're wearing, it's what you're reclining on

Never mind what you're wearing

It's what you're reclining on that matters
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