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

Apprentice IT Technician

£150.00 per week: QA Apprenticeships: This company is a company that specializ...

1st Line Technical Service Desk Analyst IT Apprentice

£153.75 per week: QA Apprenticeships: This company is an innovative outsourcin...

1st Line Helpdesk Engineer Apprentice

£150.00 per week: QA Apprenticeships: This company has been providing on site ...

Sales Associate Apprentice

£150.00 per week: QA Apprenticeships: We've been supplying best of breed peopl...

The Business Matrix: Tuesday 19 March 2013

Swiss in corporate tax U-turn

Switzerland has bowed to pressure from Brussels to reform its corporate-tax law after a row over the incentives it offers to multinational firms. The nation is home to thousands of global companies depriving other countries of up to SFr36.5bn (£25.5bn) in tax revenue each year, according to the left-wing Swiss think-tank Denknetz.

HSBC accused over £51m fraud

Argentina's tax agency has uncovered 392m pesos (£51m) in fraudulent transactions by HSBC and said it has asked the judicial system to probe the European bank for alleged tax evasion and money laundering. HSBC, Europe's largest bank, was fined $1.9bn last year for similar irregularities in Mexico and the United States.

New home for Cala in £210m deal

Cala, the upmarket housebuilder, has been sold to private-equity buyers by Lloyds Banking Group for £210m. Legal & General and Patron Capital Partners are taking equal stakes of 46.5 per cent alongside a 7 per cent holding for current management. Cala was the first Scottish firm to list in London, 137 years ago.

£1.1m for Alliance Trust chief in 2012

Katherine Garrett-Cox, the chief executive of Alliance Trust, the fund-management business, pocketed almost £1.1m in pay and benefits last year. Ms Garrett-Cox, 45, took home a salary of just over £425,000 and a bonus of £525,000. Including benefits, her package reached £1,098,284.

Stakis to open 80 nurseries

Evros Stakis, the son of the late hotels magnate Sir Reo Stakis, is planning to open a chain of 80 daycare nurseries across the UK. Stakis Day Care Nurseries is being launched to take advantage of the growing demand for childcare in the country.

Highest bonus for Persimmon boss

The outgoing boss of housebuilder Persimmon racked up a maximum bonus of more than £1m last year, the firm's annual report revealed yesterday. Mike Farley, who retires next month, earned the payout after the builder raised pre-tax profits by 52 per cent. The result triggered a maximum 150 per cent of salary payout of £1.02m.

Rating agencies 'must improve'

The credit-rating agencies Fitch, Moody's and Standard & Poor's must improve the way in which they are changing how they rate banks, the European supervisor said yesterday. The European Securities and Markets Authority said they had "shortcomings in the processes of disclosure and implementation of changes in bank-rating methodologies".

Berkeley acquires new sites

The housebuilder Berkeley Group has swelled its land bank in London and the South-east as a lingering shortage of homes continues to work in its favour. Berkeley has snapped up new sites at Finchley and Mill Hill, and in Maidenhead in Berkshire, putting it on course to meet its target of 10 per cent growth.

VW recalls vehicles in China

Volkswagen will recall an unspecified number of vehicles in China to fix a possible gearbox problem after coming under criticism from state-run China Central Television. Volkswagen Group China and its local joint-venture partners said they would voluntarily recall cars.

Tech firms to ditch 1,600 staff

Wireless-equipment maker Ericsson and Switzerland-based chipmaker STMicroelectronics are to lay off up to 1,600 workers as part of a plan for splitting up their loss-making joint venture. Around 700 of the job cuts will be in Europe, mostly in Sweden.

Career Services

Day In a Page

How I brokered a peace deal with Robert Mugabe: Roy Agyemang reveals the delicate diplomacy needed to get Zimbabwe’s President to sit down with the BBC

How I brokered a peace deal with Robert Mugabe

Roy Agyemang reveals the delicate diplomacy needed to get Zimbabwe’s President to sit down with the BBC
Video of British Muslims dancing to Pharrell Williams's hit Happy attacked as 'sinful'

British Muslims's Happy video attacked as 'sinful'

The four-minute clip by Honesty Policy has had more than 300,000 hits on YouTube
Church of England-raised Michael Williams describes the unexpected joys in learning about his family's Jewish faith

Michael Williams: Do as I do, not as I pray

Church of England-raised Williams describes the unexpected joys in learning about his family's Jewish faith
A History of the First World War in 100 moments: A visit to the Front Line by the Prime Minister's wife

A History of the First World War in 100 moments

A visit to the Front Line by the Prime Minister's wife
Comedian Jenny Collier: 'Sexism I experienced on stand-up circuit should be extinct'

Jenny Collier: 'Sexism on stand-up circuit should be extinct'

The comedian's appearance at a show on the eve of International Women's Day was cancelled because they had "too many women" on the bill
Cannes Film Festival: Ken Loach and Mike Leigh to fight it out for the Palme d'Or

Cannes Film Festival

Ken Loach and Mike Leigh to fight it out for the Palme d'Or
The concept album makes surprise top ten return with neolithic opus from Jethro Tull's Ian Anderson

The concept album makes surprise top ten return

Neolithic opus from Jethro Tull's Ian Anderson is unexpected success
Lichen is the surprise new ingredient on fine-dining menus, thanks to our love of Scandinavian and Indian cuisines

Lichen is surprise new ingredient on fine-dining menus

Emily Jupp discovers how it can give a unique, smoky flavour to our cooking
10 best baking books

10 best baking books

Planning a spot of baking this bank holiday weekend? From old favourites to new releases, here’s ten cookbooks for you
Jury still out on Manchester City boss Manuel Pellegrini

Jury still out on Pellegrini

Draw with Sunderland raises questions over Manchester City manager's ability to motivate and unify his players
Ben Stokes: 'Punching lockers isn't way forward'

Ben Stokes: 'Punching lockers isn't way forward'

The all-rounder has been hailed as future star after Ashes debut but incident in Caribbean added to doubts about discipline. Jon Culley meets a man looking to control his emotions
Mark Johnston: First £1 million jackpot spurs him on

Mark Johnston: First £1 million jackpot spurs him on

The most prize money ever at an All-Weather race day is up for grabs at Lingfield on Friday, and the record-breaking trainer tells Jon Freeman how times have changed
Ricky Gervais: 'People are waiting for me to fail. If you think it's awful, then just don't watch it'

Ricky Gervais: 'People are waiting for me to fail'

As the second series of his divisive sitcom 'Derek' hits screens, the comedian tells James Rampton why he'll never bow to the critics who habitually circle his work
Mad Men series 7, TV review: The suits are still sharp, but Don Draper has lost his edge

Mad Men returns for a final fling

The suits are still sharp, but Don Draper has lost his edge
Google finds a lift into space will never get off the ground as there is no material strong enough for a cable from Earth into orbit

Google finds a lift into space will never get off the ground

Technology giant’s scientists say there is no material strong enough for a cable from Earth into orbit