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

Senior Data Scientist (Data Mining, RSPSS, R, AI, CPLEX, SQL)

£60000 - £70000 per annum + Benefits + Bonus: Harrington Starr: Senior Data Sc...

Law Costs

Highly Attractive Salary: Austen Lloyd: BRISTOL - This is a very unusual law c...

Junior VB.NET Application Developer (ASP.NET, SQL, Graduate)

£28000 - £30000 per annum + Benefits + Bonus: Harrington Starr: Junior VB.NET ...

C# .NET Web Developer (ASP.NET, JavaScript, jQuery, XML, XLST)

£40000 - £50000 per annum + Benefits + Bonus: Harrington Starr: C# .NET Web De...

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.

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