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

Recruitment Genius: Technical Support Analyst

£20000 - £22000 per annum: Recruitment Genius: One of the UK's leading indepen...

Recruitment Genius: Linux Systems Administrator

£26000 - £35000 per annum: Recruitment Genius: A Systems Administrator is requ...

Recruitment Genius: ICT Infrastructure Manager

£27000 - £32000 per annum: Recruitment Genius: This Edinburgh city centre Scho...

SThree: Trainee Recruitment Consulant

£20000 - £25000 per annum + competitive: SThree: SThree are a global FTSE 250...

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

Mullah Omar, creator of the Taliban, is dead... for the fourth time

Mullah Omar, creator of the Taliban, is dead... again

I was once told that intelligence services declare their enemies dead to provoke them into popping up their heads and revealing their location, says Robert Fisk
Margaret Attwood on climate change: 'Time is running out for our fragile, Goldilocks planet'

Margaret Attwood on climate change

The author looks back on what she wrote about oil in 2009, and reflects on how the conversation has changed in a mere six years
New Dr Seuss manuscript discovered: What Pet Should I Get? goes on sale this week

New Dr Seuss manuscript discovered

What Pet Should I Get? goes on sale this week
Oculus Rift and the lonely cartoon hedgehog who could become the first ever virtual reality movie star

The cartoon hedgehog leading the way into a whole new reality

Virtual reality is the 'next chapter' of entertainment. Tim Walker gives it a try
Ants have unique ability to switch between individual and collective action, says study

Secrets of ants' teamwork revealed

The insects have an almost unique ability to switch between individual and collective action
Donovan interview: The singer is releasing a greatest hits album to mark his 50th year in folk

Donovan marks his 50th year in folk

The singer tells Nick Duerden about receiving death threats, why the world is 'mentally ill', and how he can write a song about anything, from ecology to crumpets
Let's Race simulator: Ultra-realistic technology recreates thrill of the Formula One circuit

Simulator recreates thrill of F1 circuit

Rory Buckeridge gets behind the wheel and explains how it works
Twitter accused of 'Facebookisation' over plans to overhaul reverse-chronological timeline

Twitter accused of 'Facebookisation'

Facebook exasperates its users by deciding which posts they can and can’t see. So why has Twitter announced plans to do the same?
Jane Birkin asks Hermès to rename bag - but what else could the fashion house call it?

Jane Birkin asks Hermès to rename bag

The star was shocked by a Peta investigation into the exotic skins trade
10 best waterproof mascaras

Whatever the weather: 10 best waterproof mascaras

We found lash-enhancing beauties that won’t budge no matter what you throw at them
Diego Costa biography: Chelsea striker's route to the top - from those who shared his journey

Diego Costa: I go to war. You come with me...

Chelsea's rampaging striker had to fight his way from a poor city in Brazil to life at the top of the Premier League. A new book speaks to those who shared his journey
Ashes 2015: England show the mettle to strike back hard in third Test

England show the mettle to strike back hard in third Test

The biggest problem facing them in Birmingham was the recovery of the zeitgeist that drained so quickly under the weight of Australian runs at Lord's, says Kevin Garside
Women's Open 2015: Charley Hull - 'I know I'm a good golfer but I'm also just a person'

Charley Hull: 'I know I'm a good golfer but I'm also just a person'

British teen keeps her feet on ground ahead of Women's Open
Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkish President Erdogan could benefit politically from the targeting of the PKK, says Patrick Cockburn
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn or a return to a Labour government

Our choice is years of Tory rule under Corbyn or a return to a Labour government

Yvette Cooper urged Labour members to 'get serious' about the next general election rather than become 'a protest movement'