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

Opilio Recruitment: QA Automation Engineer

£30k - 38k per year + Benefits: Opilio Recruitment: An award-winning consume...

Opilio Recruitment: UX & Design Specialist

£40k - 45k per year + Benefits: Opilio Recruitment: A fantastic opportunity ...

Opilio Recruitment: Publishing Application Support Analyst

£30k - 35k per year + Benefits: Opilio Recruitment: We’re currently re...

Opilio Recruitment: Digital Marketing Manager

£35k - 45k per year + benefits: Opilio Recruitment: A fantastic opportunity ...

The Business Matrix: Tuesday 30 July 2013

Flu brings healthy profits for Lemsip

An awful year for flu in Europe and North America triggered healthy profits for Lemsip maker Reckitt Benckiser. The firm sold more Lemsip, Nurofen and Strepsils in the UK and Europe, and extra Mucinex in the US. Healthcare products make up more than a quarter of the company’s revenues, sales rose 16 per cent in the second quarter.

Barclays hunts for fresh capital

Barclays has confirmed to the stock market that it is looking to raise fresh capital with growing speculation that it could announce a £4bn rights issue alongside tomorrow’s first half results. Barclays said it was “in discussions with the Prudential Regulatory Authority regarding its financial and capital management plans”

Not such an easy wicket for LV

County cricket sponsor LV said profits from its general insurance business dipped during  the first half of the year. The company, which claims to be  the UK’s third largest car insurer, saw operating profits fall to £43m in the unit compared with £62m in 2012. Life and  pension sales also fell 14 per cent to £74.3m.

Metro sees 54% rise in customers

The first new bank to open on Britain’s high streets in more than a century increased its number of account holders by 54 per cent during the first half of the year but still remained loss making. Known for its drive-through branches and coin-counting machines, Metro Bank said it had now opened more than 200,000 accounts.

Hiscox profits beat expectations

Art-to-catastrophe insurer  Hiscox boosted its profits  during the first half of the year despite sluggish returns from its investments. The company, which operates in the Lloyd’s of London market, beat City expectations with a 44 per cent rise in pre-tax profits to £180.7m.

Tough June for Aberdeen Asset

Fears over the ending of quantative easing in the United States spooked clients of Aberdeen Asset Managment last month with the vast majority of the net £3.1bn of funds it saw cashed in coming in July. “June was a pretty tough month for the industry,” said chief executive Martin Gilbert.

Fears spur local government audit 

China has ordered an audit of all local government borrowing levels raising fears that the country’s growth may have been partly spurred by multibillion debts which have gone unreported. The survey has reportedly been sparked by an “urgent message” from the cabinet.

Bauxite setback for Vedanta

Vedanta Resources plans to mine bauxite to feed its alumina refinery in the eastern Indian state of Odisha have suffered a blow after a majority of local residents voted against mining.Failure to source bauxite might force the firm to shut itsone million tonne per year plant.

PPI complaints slacken off

Britain’s Financial Ombudsman Service is starting to see a decline in the amount of complaints it receives about mis-sold loan insurance but  levels remain very high, said Chief Financial Ombudsman Natalie Ceeney.

Hammerson sees rental income rise

Brent Cross owner Hammerson has been growing rents and enjoying fuller shopping centres in the first half of the year. Hammerson saw rental income rise 2.5 per cent while occupancy rose above its 97 per cent target to 97.4 per cent in the first six months.

Latest stories from i100
Career Services

Day In a Page

Homeless Veterans Christmas Appeal: ‘We give them hope. They come to us when no one else can help’

Christmas Appeal

Meet the charity giving homeless veterans hope – and who they turn to when no one else can help
Should doctors and patients learn to plan humane, happier endings rather than trying to prolong life?

Is it always right to try to prolong life?

Most of us would prefer to die in our own beds, with our families beside us. But, as a GP, Margaret McCartney sees too many end their days in a medicalised battle
Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night - is that what it takes for women to get to the top?

What does it take for women to get to the top?

Thomas Cook's outgoing boss Harriet Green got by on four hours sleep a night and told women they had to do more if they wanted to get on
Christmas jumper craze: Inside the UK factory behind this year's multicultural must-have

Knitting pretty: British Christmas Jumpers

Simmy Richman visits Jack Masters, the company behind this year's multicultural must-have
French chefs have launched a campaign to end violence in kitchens - should British restaurants follow suit?

French chefs campaign against bullying

A group of top chefs signed a manifesto against violence in kitchens following the sacking of a chef at a Paris restaurant for scalding his kitchen assistant with a white-hot spoon
Radio 4 to broadcast 10-hour War and Peace on New Year's Day as Controller warns of cuts

Just what you need on a New Year hangover...

Radio 4 to broadcast 10-hour adaptation of War and Peace on first day of 2015
Cuba set to stage its first US musical in 50 years

Cuba to stage first US musical in 50 years

Claire Allfree finds out if the new production of Rent will hit the right note in Havana
Christmas 2014: 10 best educational toys

Learn and play: 10 best educational toys

Of course you want them to have fun, but even better if they can learn at the same time
Paul Scholes column: I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season

Paul Scholes column

I like Brendan Rodgers as a manager but Liverpool seem to be going backwards not forwards this season
Lewis Moody column: Stuart Lancaster has made all the right calls – now England must deliver

Lewis Moody: Lancaster has made all the right calls – now England must deliver

So what must the red-rose do differently? They have to take the points on offer 
Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

Cameron, Miliband and Clegg join forces for Homeless Veterans campaign

It's in all our interests to look after servicemen and women who fall on hard times, say party leaders
Millionaire Sol Campbell wades into wealthy backlash against Labour's mansion tax

Sol Campbell cries foul at Labour's mansion tax

The former England defender joins Myleene Klass, Griff Rhys Jones and Melvyn Bragg in criticising proposals
Nicolas Sarkozy returns: The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?

Sarkozy returns

The ex-President is preparing to fight for the leadership of France's main opposition party – but will he win big enough?
Is the criticism of Ed Miliband a coded form of anti-Semitism?

Is the criticism of Miliband anti-Semitic?

Attacks on the Labour leader have coalesced around a sense that he is different, weird, a man apart. But is the criticism more sinister?
Ouija boards are the must-have gift this Christmas, fuelled by a schlock horror film

Ouija boards are the must-have festive gift

Simon Usborne explores the appeal - and mysteries - of a century-old parlour game