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

Ashdown Group: Finance Manager - Covent Garden, central London - £45k - £55k

£45000 - £55000 per annum + 30 days holiday: Ashdown Group: Finance Manager - ...

Ashdown Group: Systems Administrator - Lancashire - £30,000

£28000 - £30000 per annum: Ashdown Group: 3rd Line Support Engineer / Network ...

Recruitment Genius: Graduate Web Developer

£26000 - £33000 per annum: Recruitment Genius: A Web Developer is required to ...

Ashdown Group: PeopleSoft Developer - London - £45k

£45000 per annum: Ashdown Group: PeopleSoft Application Support & Development ...

The Business Matrix: Tuesday 3 September 2013

Helicopter engine stake sold by Rolls

Rolls-Royce has sold its 50 per cent stake in the joint venture that makes engines for Apache and Merlin helicopters to Safran’s Turbomeca for 293m euros. France’s Turbomeca will now manage the design, production and support of the RTM322 engine, which is used in the Boeing Apache, AgustaWestland, Merlin and NH90 helicopters.

Mozambique well is abandoned

British oil firm Tullow Oil is to plug and abandon as a dry hole a well off the coast of Mozambique that has failed to find oil or gas. The well, known as Buzio-1, was the second drilled by Tullow and its partner Statoil off the coast of Mozambique. The first well, Cachalote-1, in July discovered only small amounts of gas.

Retail drive at Vertu Motors

Vertu Motors, which has 97 outlets under brands including Bristol Street Motors and Macklin Motors, said conditions in the retail sector remain favourable with growth in new car sales and stability in used vehicle pricing. It remains confident that it will make further progress during the remainder of the financial year.

WPP buys stake in Candyspace Media

Advertising and marketing giant WPP has bought a stake in a digital agency which works with firms including Citroën and Samsung. The group said its subsidiary tenthavenue bought a minority share in  Candyspace Media, a London-based multi-channel agency, to bolster its presence in digital media and mobile advertising.

Michelmersh sees early recovery

Michelmersh Brick reported early signs of price recovery but that due to the difficult winter and cost inflation it will not have a bearing on full-year results, which are expected to be at break-even level. Underlying half-year profits were £376,000, while turnover increased 10 per cent to £13.1m in the period.

Sales boost for Berkeley Group

Housebuilder Berkeley Group said it is well placed to achieve its profit targets and to meet its milestone of returning £568m in cash to shareholders by September 2015. Forward sales now exceed £1.5bn, aided by signs of improving consumer confidence and the Government’s Help to Buy scheme.

AEG on its way  to Wembley

AEG Facilities has won Competition Commission approval for a 15-year deal with owner Quintain Estates to run Wembley Arena. The 12,500-seat Wembley Arena has played host to major artists such as David Bowie, The Who, and Stevie Wonder over its 79-year history.

PMI shows signs of growth

Chinese manufacturers returned to growth in August according to the HSBC/Markit PMI which climbed to 50.1. Any figure above 50 signals expansion. There was also positive news from the eurozone, with the Markit PMI for the sector rising to 51.4 in the month.

Three held over secrets leak

Three executives at phone-maker HTC have been arrested on suspicion of leaking trade secrets. Last month the company filed a complaint accusing senior staff Thomas Chien, Wu Chien-Hung, and Justin Huang of sharing trade secrets.

Pension reforms look to future

The minister in charge of France’s pension reform said her proposals will tide the system over for several years, even if economic growth falls short of expectations. Marisol Touraine’s pension law is set to go to parliament in October.

Latest stories from i100
Career Services

Day In a Page

The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
Families clubbing together to build their own affordable accommodation

Do It Yourself approach to securing a new house

Community land trusts marking a new trend for taking the initiative away from developers
Head of WWF UK: We didn’t send Cameron to the Arctic to see green ideas freeze

David Nussbaum: We didn’t send Cameron to the Arctic to see green ideas freeze

The head of WWF UK remains sanguine despite the Government’s failure to live up to its pledges on the environment
Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Set in a mythologised 5th-century Britain, ‘The Buried Giant’ is a strange beast
With money, corruption and drugs, this monk fears Buddhism in Thailand is a ‘poisoned fruit’

Money, corruption and drugs

The monk who fears Buddhism in Thailand is a ‘poisoned fruit’
America's first slavery museum established at Django Unchained plantation - 150 years after slavery outlawed

150 years after it was outlawed...

... America's first slavery museum is established in Louisiana
Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

The first 'American Idol' winner on how she manages to remain her own woman – Jane Austen fascination and all
Tony Oursler on exploring our uneasy relationship with technology with his new show

You won't believe your eyes

Tony Oursler's new show explores our uneasy relationship with technology. He's one of a growing number of artists with that preoccupation
Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

Moores must go. He should never have been brought back to fail again

The England coach leaves players to find solutions - which makes you wonder where he adds value, says Ian Herbert
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn
Yvette Cooper: We can't lose the election. There's too much on the line

Yvette Cooper: We can't lose the election. There's too much on the line

The shadow Home Secretary on fighting radical Islam, protecting children, and why anyone in Labour who's thinking beyond May must 'sort themselves out'
A bad week for the Greens: Leader Natalie Bennett's 'car crash' radio interview is followed by Brighton council's failure to set a budget due to infighting

It's not easy being Green

After a bad week in which its leader had a public meltdown and its only city council couldn't agree on a budget vote, what next for the alternative party? It's over to Caroline Lucas to find out
Gorillas nearly missed: BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter

Gorillas nearly missed

BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter
Downton Abbey effect sees impoverished Italian nobles inspired to open their doors to paying guests for up to €650 a night

The Downton Abbey effect

Impoverished Italian nobles are opening their doors to paying guests, inspired by the TV drama
China's wild panda numbers have increased by 17% since 2003, new census reveals

China's wild panda numbers on the up

New census reveals 17% since 2003