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

Recruitment Genius: Chiropractic Assistant

£16500 per annum: Recruitment Genius: A Chiropractic Assistant is needed in a ...

Recruitment Genius: Digital Account Executive - Midlands

£18000 - £26000 per annum: Recruitment Genius: They work with major vehicle ma...

Recruitment Genius: Web Developer

£28000 - £30000 per annum: Recruitment Genius: This company provides coaching ...

Ashdown Group: Front-End UI Application Developer

£30000 - £40000 per annum + Benefits: Ashdown Group: Front-End UI Application ...

The Business Matrix: Tuesday 09 July 2013

Chinese firm buys Lloyd’s building

Around 4,000 City workers now have a Chinese landlord after the Lloyd’s of London building was snapped up by the Chinese insurer Ping An for £260m. The “inside-out” building – designed by Richard Rogers and let to Lloyd’s until 2031 – is the first major acquisition by a Chinese insurer in the UK, but could trigger a flood of purchases.

Kingfisher settles French tax case

The home-improvement giant Kingfisher said a French tax case had been settled in its favour after a decade-long dispute and would result in an exceptional credit of £145m to 2013-14 earnings. France’s ultimate court, the Conseil d’Etat, had considered the case, which dates back to 2003, and found in Kingfisher’s favour.

Cable to divulge Royal Mail details

Vince Cable is expected to unveil details of a planned float of the Royal Mail in a matter of days. A statement by the Business Secretary on an IPO of the postal service could be delivered this week, and maybe even tomorrow. The Business, Innovation and Skills department handling the sale said MPs would get an update by 18 July.

Times Educational Supplement sold

The publisher of the Times Educational Supplement has changed hands for a third time in eight years. Private equity giant TPG has bought TSL Education for £400m from Charterhouse. Rupert Murdoch’s News Corporation owned the TES until 2005, when it was sold to Exponent, before Charterhouse bought it two years later.

Bovis Homes’ sales rise by 60%

A 60 per cent rise in sales helped Bovis Homes share in the housebuilding industry’s Budget-inspired revival. Bovis said sales reservations were “ahead of its expectations”, up 40 per cent year on year for the first six months of 2013. Since April, the improvement has been even more dramatic.

Clifford Chance earnings dip 6%

Clifford Chance saw a 6 per cent fall in partnership profit to £404m in the year to May, but top partners still took home £1m each. The law firm advised and acted on cases including Glencore’s acquisition of Xstrata, the Qatari bid for the 2022 Fifa World Cup and the Autonomy dispute in the year.

Headlam issues profits warning

Headlam has issued a profits warning and claimed its market was contracting. The UK group, which distributes hard flooring and carpets across Europe, said markets in the UK and on the Continent “have shown continued signs of contraction during the first six months of 2013”.

Local Shopping Reit sells portfolio

Directors of a property firm floated to invest in local shops just before the credit crunch struck will walk away with a payout of about £950,000. The Local Shopping Reit’s £173m portfolio is to be sold off and returned to shareholders following a strategic review.

Strikes close two Amplats sites

Work at two Anglo-American Platinum mines in South Africa halted yesterday as 5,600 staff began a wildcat strike. Amplats said employees at its Thembelani and Khuseleka 1 mines were demanding that it rehires 19 sacked shop stewards.

Npower to close new biomass plant

Npower will close a newly converted 750-megawatt biomass plant at Tilbury by the end of next week after scrapping a plan to keep it running longer. It had an option to extend the operating time if it was granted an environmental permit.

Latest stories from i100
Career Services

Day In a Page

Where the spooks get their coffee fix: The busiest Starbucks in the US is also the most secretive

The secret CIA Starbucks

The coffee shop is deep inside the agency's forested Virginia compound
Revealed: How the Establishment closed ranks over fallout from Loch Ness Monster 'sighting'

How the Establishment closed ranks over fallout from Nessie 'sighting'

The Natural History Museum's chief scientist was dismissed for declaring he had found the monster
One million Britons using food banks, according to Trussell Trust

One million Britons using food banks

Huge surge in number of families dependent on emergency food aid
Excavation at Italian cafe to fix rising damp unearths 2,500 years of history in 3,000 amazing objects

2,500 years of history in 3,000 amazing objects

Excavation at Italian cafe to fix rising damp unearths trove
The Hubble Space Telescope's amazing journey, 25 years on

The Hubble Space Telescope's amazing journey 25 years on

The space telescope was seen as a costly flop on its first release
Did Conservative peer Lord Ashcroft quit the House of Lords to become a non-dom?

Did Lord Ashcroft quit the House of Lords to become a non-dom?

A document seen by The Independent shows that a week after he resigned from the Lords he sold 350,000 shares in an American company - netting him $11.2m
Apple's ethnic emojis are being used to make racist comments on social media

Ethnic emojis used in racist comments

They were intended to promote harmony, but have achieved the opposite
Sir Kenneth Branagh interview: 'My bones are in the theatre'

Sir Kenneth Branagh: 'My bones are in the theatre'

The actor-turned-director’s new company will stage five plays from October – including works by Shakespeare and John Osborne
The sloth is now the face (and furry body) of three big advertising campaigns

The sloth is the face of three ad campaigns

Priya Elan discovers why slow and sleepy wins the race for brands in need of a new image
How to run a restaurant: As two newbies discovered, there's more to it than good food

How to run a restaurant

As two newbies discovered, there's more to it than good food
Record Store Day: Remembering an era when buying and selling discs were labours of love

Record Store Day: The vinyl countdown

For Lois Pryce, working in a record shop was a dream job - until the bean counters ruined it
Usher, Mary J Blige and Will.i.am to give free concert as part of the Global Poverty Project

Mary J Blige and Will.i.am to give free concert

The concert in Washington is part of the Global Citizen project, which aims to encourage young people to donate to charity
10 best tote bags

Accessorise with a stylish shopper this spring: 10 best tote bags

We find carriers with room for all your essentials (and a bit more)
Paul Scholes column: I hear Manchester City are closing on Pep Guardiola for next summer – but I'd also love to see Jürgen Klopp managing in England

Paul Scholes column

I hear Manchester City are closing on Pep Guardiola for next summer – but I'd also love to see Jürgen Klopp managing in England
Jessica Ennis-Hill: 'I just want to give it my best shot'

Jessica Ennis-Hill: 'I just want to give it my best shot'

The heptathlete has gone from the toast of the nation to being a sleep-deprived mum - but she’s ready to compete again. She just doesn't know how well she'll do...