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

Recruitment Genius: Mortgage Advisor - OTE £95,000

£40000 - £95000 per annum: Recruitment Genius: This is an exciting opportunity...

Recruitment Genius: Trainee Vehicle Inspectors / Purchasers

£20000 - £40000 per annum: Recruitment Genius: Trainee Vehicle Inspectors / Pu...

Recruitment Genius: Vehicle Broker / Purchaser

£18000 - £45000 per annum: Recruitment Genius: This is an exciting opportunity...

Recruitment Genius: Sales Executive - OTE £45,000

£18000 - £45000 per annum: Recruitment Genius: A Sales Executive is required t...

The Business Matrix: Tuesday 3 April 2012

Air France signals drastic cost cuts

Air France called for increased efforts to overhaul its European passenger network yesterday and signalled the survival of its short and medium-haul operations depended on the willingness of staff to accept "drastic" cost cuts. The loss-making airline stopped short of announcing job cuts just weeks before French presidential elections.

Geldof raises his stake in Ten Alps

Bob Geldof is to increase his shareholding in the troubled media company Ten Alps by more than a third to 4.5 per cent as part of a rights issue to boost its finances. Ten Alps plans to raise £3m to reduce debt and give it extra funds. The media company, which specialises in TV production, has suffered as some clients have cut contracts.

Falklands oil firm has no more cash

Shares in the Falkland Islands-focused oil explorer Desire Petroleum fell by 3 per cent after the company conceded it had no money to drill further wells. Despite its full-year loss shrinking by more than 50 per cent, Desire's shares fell by 1p to 28.5p. The explorer said: "We do not have sufficient funds to restart a drilling campaign on our own."

Standard Life boss gets £2.5m deal

The head of Standard Life received total salary, bonuses and share awards of more than £2.5m last year, an increase of 30 per cent, even though the insurer's shares fell. David Nish got just over £2m in pay and bonuses, and also received 235,000 Standard Life shares, worth £530,000 at current prices, under a long-term plan.

Loss at Healthcare Locums narrows

The staff provider Healthcare Locums said losses narrowed in 2011, even though it was "without doubt the most challenging year" in its history. The group, which saw its shares suspended at the start of the year after accounting irregularities and later refinanced its loans with banks, posted losses of £12.9m.

Dounreay work gets under way

Decommissioning work at Dounreay nuclear power station could be completed in a decade. A consortium led by Babcock has now formally taken over the work at the Caithness site. The group says it aims to complete the process by 2022-25. It is hoped the work will cost £1bn less than previous estimates. page 7

New identity pays off for Teachers

Teachers Building Society, which was founded by the National Union of Teachers in 1966, said its profits for 2011 rose 29 per cent to £686,000. Gross mortgage lending was up 31 per cent on 2010 after investing in a new brand identity and it re-entered the broker market.

Bodycote buys US aviation firm

Bodycote has paid £32m for the heat treatment business of Curtiss-Wright, an American engineering group that traces its roots back to aviation pioneers the Wright Brothers. The UK firm treats metals for the aerospace, oil and gas and automotive industries.

GSK invests more in biotech firm

The drugs giant GlaxoSmithKline has agreed to increase its stake in US biotech firm Theravance, its partner in the lung medicine Relovair. It is to pay £159m to increase its holding from 18.3 per cent to 26.8 per cent.

Co-op to raise its mortgage rate

About 54,000 customers at the Co-op Bank are facing a rise in mortgage payments after it became the latest provider raise rates. The bank will lift its standard variable mortgage rate to 4.74 per cent from 1 May, adding £15 a month to the average loan.

Latest stories from i100
Career Services

Day In a Page

Greece debt crisis: EU 'family' needs to forgive rather than punish an impoverished state

EU 'family' needs to forgive rather than punish an impoverished state

An outbreak of malaria in Greece four years ago helps us understand the crisis, says Robert Fisk
Gaza, a year on from Operation Protective Edge: The traumatised kibbutz on Israel's front line, still recovering from last summer's war with Hamas

Gaza, a year on from Operation Protective Edge

The traumatised kibbutz on Israel's front line, still recovering from last summer's war with Hamas
How to survive electrical storms: What are the chances of being hit by lightning?

Heavy weather

What are the chances of being hit by lightning?
World Bodypainting Festival 2015: Bizarre and brilliant photos celebrate 'the body as art'

World Bodypainting Festival 2015

Bizarre and brilliant photos celebrate 'the body as art'
alt-j: A private jet, a Mercury Prize and Latitude headliners

Don't call us nerds

Craig Mclean meets alt-j - the math-folk act who are flying high
How to find gold: The Californian badlands, digging out crevasses and sifting sludge

How to find gold

Steve Boggan finds himself in the Californian badlands, digging out crevasses and sifting sludge
Singing accents: From Herman's Hermits and David Bowie to Alesha Dixon

Not born in the USA

Lay off Alesha Dixon: songs sound better in US accents, even our national anthem
10 best balsamic vinegars

10 best balsamic vinegars

Drizzle it over salad, enjoy it with ciabatta, marinate vegetables, or use it to add depth to a sauce - this versatile staple is a cook's best friend
Greece says 'No': A night of huge celebrations in Athens as voters decisively back Tsipras and his anti-austerity stance in historic referendum

Greece referendum

Greeks say 'No' to austerity and plunge Europe into crisis
Ten years after the 7/7 terror attacks, is Britain an altered state?

7/7 bombings anniversary

Ten years after the terror attacks, is Britain an altered state?
Beautiful evening dresses are some of the loveliest Donatella has created

Versace haute couture review

Beautiful evening dresses are some of the loveliest Donatella has ever created
No hope and no jobs, so Gaza's young risk their lives, climb the fence and run for it

No hope and no jobs in Gaza

So the young risk their lives and run for it
Fashion apps: Retailers roll together shopping and social networking for mobile customers

Fashion apps

Retailers roll together shopping and social networking for mobile customers
The Greek referendum exposes a gaping hole at the heart of the European Union – its distinct lack of any genuine popular legitimacy

Gaping hole at the heart of the European Union

Treatment of Greece has shown up a lack of genuine legitimacy
Number of young homeless in Britain 'more than three times the official figures'

'Everything changed when I went to the hostel'

Number of young homeless people in Britain is 'more than three times the official figures'