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The Business Matrix: Tuesday 17 April 2012

Coolmore's warm reception in China

Coolmore has helped to set up a thoroughbred industry in China. The County Tipperary stud will help develop a similar operation in the city of Tianjin, with a world-class equine centre due to open there next year. Coolmore's JP Magnier said: "We are delighted to be one of the first Irish companies to kick-start this partnership."

Five Johnston papers go weekly

Five historic daily regional newspapers are to become weeklies as their owner Johnston Press moves to single online and printed paper newsrooms. Johnston said the titles in Halifax, Kettering, Northampton, Peterborough and Scarborough would be replaced with a "bumper print edition" once a week.

H&M boosted by March weather

Warm weather in the early part of the year drove the biggest rise in monthly sales at H&M for five years in March. But sales at the world's second-biggest fashion retailer have slowed in April, as the weather has cooled. "Sales in March were positively affected by favourable weather," the Swedish group said.

Pace picks up early in its year

Allan Leighton, the chairman of set-top-boxes maker Pace, today said the group had got off to a strong start in its new financial year despite still suffering some supply problems. He added that profitability continued to be hit by a shortage of hard disk drives, which were disrupted by the Japanese tsunami and floods in Thailand.

Rosneft and Exxon wrap up deal

Rosneft and Exxon Mobil have wrapped up a landmark alliance that will secure vital know-how and upstream access to North America for the Russian state oil firm and bulk up the US major's reserves. The deal will give Rosneft access to projects Texas, Canada and the Gulf. An initial partnership was struck in August.

Gem Diamonds remain upbeat

Gem Diamonds was upbeat yesterday despite a 38 per cent dive in profits at its flagship Letseng mine in South Africa. The company said sales of diamonds from the mine fell to £37m in the first quarter although the figure suffered from comparison with an exceptional period for diamond sales a year earlier.

Traffic at Gatwick has risen by 7%

Budget airlines putting on more flights from Gatwick to Europe helped passengers numbers at the London airport leap almost 7 per cent to 33.8 million in the year to April. An extra 2 million extra passengers used Gatwick, although the previous year was hit by the ash cloud and snow.

Daily Mail takes on jobs website

The Daily Mail's owner has spent £25m on Italian jobs website Jobrapido in a significant move to expand its online advertising business overseas. Jobrapido, founded in 2006, claims to be the world's second-largest job-search engine, with 32 million monthly visitors in 50 countries.

Cobham wins anti-mine orders

Cobham, the defence technology specialist, has secured £13m of orders to supply Ground-Penetrating Radar, used to detect mines, for Nato customers. The firm is currently bidding for Danish satellite communications outfit Thrane & Thrane.

First-time buyers see loan costs rise

Mortgage costs for first-time buyers increased in February for the first time in nearly a year. With many lenders increasing their rates, the proportion of income spent on mortgage interest payments rose to 12.5 from 12.1 per cent the previous month.

Career Services

Day In a Page

The other Mugabe who is lining up for the Zimbabwean presidency

The other Mugabe who is lining up for the Zimbabwean presidency

Wife of President Robert Mugabe appears to have her sights set on succeeding her husband
The model of a gadget launch: Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed

The model for a gadget launch

Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed
Alice Roberts: She's done pretty well, for a boffin without a beard

She's done pretty well, for a boffin without a beard

Alice Roberts talks about her new book on evolution - and why her early TV work drew flak from (mostly male) colleagues
Get well soon, Joan Rivers - an inspiration, whether she likes it or not

Get well soon, Joan Rivers

She is awful. But she's also wonderful, not in spite of but because of the fact she's forever saying appalling things, argues Ellen E Jones
Doctor Who Into the Dalek review: A classic sci-fi adventure with all the spectacle of a blockbuster

A fresh take on an old foe

Doctor Who Into the Dalek more than compensated for last week's nonsensical offering
Fashion walks away from the celebrity runway show

Fashion walks away from the celebrity runway show

As the collections start, fashion editor Alexander Fury finds video and the internet are proving more attractive
Meet the stars of TV's Wolf Hall... and it's not the cast of the Tudor trilogy

Meet the stars of TV's Wolf Hall...

... and it's not the cast of the Tudor trilogy
Weekend at the Asylum: Europe's biggest steampunk convention heads to Lincoln

Europe's biggest steampunk convention

Jake Wallis Simons discovers how Victorian ray guns and the martial art of biscuit dunking are precisely what the 21st century needs
Don't swallow the tripe – a user's guide to weasel words

Don't swallow the tripe – a user's guide to weasel words

Lying is dangerous and unnecessary. A new book explains the strategies needed to avoid it. John Rentoul on the art of 'uncommunication'
Daddy, who was Richard Attenborough? Was the beloved thespian the last of the cross-generation stars?

Daddy, who was Richard Attenborough?

The atomisation of culture means that few of those we regard as stars are universally loved any more, says DJ Taylor
She's dark, sarcastic, and bashes life in Nowheresville ... so how did Kacey Musgraves become country music's hottest new star?

Kacey Musgraves: Nashville's hottest new star

The singer has two Grammys for her first album under her belt and her celebrity fans include Willie Nelson, Ryan Adams and Katy Perry
American soldier-poet Brian Turner reveals the enduring turmoil that inspired his memoir

Soldier-poet Brian Turner on his new memoir

James Kidd meets the prize-winning writer, whose new memoir takes him back to the bloody battles he fought in Iraq
Aston Villa vs Hull match preview: Villa were not surprised that Ron Vlaar was a World Cup star

Villa were not surprised that Vlaar was a World Cup star

Andi Weimann reveals just how good his Dutch teammate really is
Bill Granger recipes: Our chef ekes out his holiday in Italy with divine, simple salads

Bill Granger's simple Italian salads

Our chef presents his own version of Italian dishes, taking in the flavours and produce that inspired him while he was in the country
The Last Word: Tumbleweed through deserted stands and suites at Wembley

The Last Word: Tumbleweed through deserted stands and suites at Wembley

If supporters begin to close bank accounts, switch broadband suppliers or shun satellite sales, their voices will be heard. It’s time for revolution