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

Selby Jennings: VP/SVP Credit Quant- NY- Investment Bank

Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...

Ashdown Group: Senior Marketing Executive- City of London, Old Street

£40000 - £43000 per annum + benefits: Ashdown Group: Senior Marketing Executiv...

Ashdown Group: Marketing Manager

£40000 - £43000 per annum + benefits: Ashdown Group: An international organisa...

Ashdown Group: Internal Recruiter -Rugby, Warwickshire

£25000 - £30000 per annum: Ashdown Group: Internal Recruiter -Rugby, Warwicksh...

The Business Matrix: Tuesday 2 July 2013

Piano-maker sold in £288m deal

160-year-old piano-maker Steinway has been bought for $438m (£288m) by private equity firm Kohlberg & Co. It will pay $35 per share, 15 per cent more than the stock's closing price on Friday of $30.43. The company – which also produces trumpets and saxophones – has manufacturing plants in New York and Hamburg, Germany.

Viscount tightens grip on Mail trust

Viscount Rothermere has strengthened his financial hold over Daily Mail & General Trust by buying out a 29.3 per cent voting stake belonging to family members in a £50m transaction. Lord Rothermere the chairman of DMGT, already held 59.9 per cent of the voting shares through his own vehicle, Rothermere Continuation Ltd.

Banks warned for not seeing abuse

The Financial Conduct Authority has warned British banks that they are not doing enough to protect themselves from being used for criminal activities and could be fined. Some banks may face punishment for failure to spot abuses in their trade finance business, such as money laundering, sanctions busting or funding of terrorists.

Mixed fortunes for Asian titans

Asia's manufacturing titans suffered contrasting fortunes amid rising optimism among Japan's biggest firms while China was hit by a credit squeeze and falling orders. Japan's Tankan survey offered more signs that prime minister Shinzo Abe's programme of monetary stimulus and public spending is boosting the economy.

City boardrooms are all shook up

The City boardroom merry-go-round span yesterday. Steve Clarke took over from Kate Swann at WH Smith, Ivan Menezes from Paul Walsh at Diageo, Alistair Phillips-Davies took the reins at SSE, Ben Magara at Lonmin, Mark Weinberger at Ernst & Young and Simon Segars at ARM.

Eurozone jobless rate hits new high

Unemployment in the eurozone hit a new high in May. The number of jobless people across the single currency area rose by 67,000 taking the unemployment rate to 12.1 per cent, up from 12 per cent in April according to analysts Eurostat. The worst affected countries are Spain and Greece.

Peace deal 'could boost economy'

The outgoing central bank governor of Israel last night urged the country to strike a peace deal with the Palestinians in order to spur economic growth over the long term. Stanley Fischer said Israel could expand at between 4 per cent and 5 per cent a year.

Record amount is pulled out of bonds

A record amount of money poured out of exchange-traded and mutual bond funds in June, according to TrimTabs –nearly double the amount pulled out of bond funds at the height of the financial crisis in October 2008. Some $80bn left bond funds in June, according to the research.

TUI in boost due to £300m credit deal

TUI Travel, owner of Thomson Holidays, has shored up its finances with a £300m credit facility from a syndicate of lenders. The company said the agreement, co-ordinated by Royal Bank of Scotland, would mature in April 2016.

Latest stories from i100
Career Services

Day In a Page

War with Isis: The West needs more than a White Knight

The West needs more than a White Knight

Despite billions spent on weapons, the US has not been able to counter Isis's gruesome tactics, says Patrick Cockburn
Return to Helmand: Private Davey Graham recalls the day he was shot by the Taliban

'The day I was shot by the Taliban'

Private Davey Graham was shot five times during an ambush in 2007 - it was the first, controversial photograph to show the dangers our soldiers faced in Helmand province
Revealed: the best and worst airlines for delays

Revealed: the best and worst airlines for delays

Many flyers are failing to claim compensation to which they are entitled, a new survey has found
The stories that defined 2014: From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions

The stories that defined 2014

From the Scottish independence referendum to the Ice Bucket Challenge, our writers voice their opinions
Stoke-on-Trent becomes first British city to be classified as 'disaster resilient' by the United Nations

Disaster looming? Now you know where to head...

Which British city has become the first to be awarded special 'resilience' status by the UN?
Finally, a diet that works: Californian pastor's wildly popular Daniel Plan has seen his congregation greatly reduced

Finally, a diet that works

Californian pastor's wildly popular Daniel Plan has seen his congregation greatly reduced
Say it with... lyrics: The power of song was never greater, according to our internet searches

Say it with... lyrics

The power of song was never greater, according to our internet searches
Professor Danielle George: On a mission to bring back the art of 'thinkering'

The joys of 'thinkering'

Professor Danielle George on why we have to nurture tomorrow's scientists today
Introducing my anti-heroes of 2014

Introducing my anti-heroes of 2014

Their outrageousness and originality makes the world a bit more interesting, says Ellen E Jones
Bill Granger recipes: Our chef's breakfasts will revitalise you in time for the New Year

Bill Granger's healthy breakfasts

Our chef's healthy recipes are perfect if you've overindulged during the festive season
Transfer guide: From Arsenal to West Ham - what does your club need in the January transfer window?

Who does your club need in the transfer window?

Most Premier League sides are after a striker, but here's a full run down of the ins and outs that could happen over the next month
The Last Word: From aliens at FA to yak’s milk in the Tour, here’s to 2015

Michael Calvin's Last Word

From aliens at FA to yak’s milk in the Tour, here’s to 2015
Aren’t you glad you didn’t say that? The worst wince-and-look-away quotes of the year

Aren’t you glad you didn’t say that?

The worst wince-and-look-away quotes of the year