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

Ashdown Group: Trainee Consultant - Surrey / South West London

£22000 per annum + pension,bonus,career progression: Ashdown Group: An establi...

Ashdown Group: Trainee Consultant - Surrey/ South West London

£22000 per annum + pension,bonus,career progression: Ashdown Group: An establi...

Ashdown Group: Recruitment Consultant / Account Manager - Surrey / SW London

£40000 per annum + realistic targets: Ashdown Group: A thriving recruitment co...

Ashdown Group: Helpdesk / Trainee Application Support Analyst - Hampshire

£25000 per annum + pension, 25 days holiday: Ashdown Group: A highly reputable...

The Business Matrix: Tuesday 31 July 2012

Russians block BP dividend

BP's icy relationship with the four Russian oligarchs who own the other half of its TNK-BP joint venture has taken another turn for the worse after they vetoed a £637m dividend. The move by AAR's directors follows a slump in TNK-BP's second-quarter profits to $808m, from $2.2bn. BP put its stake in the venture up for sale in June.

Wheatley calls for Libor reform

Martin Wheatley, the regulator charged with picking up the pieces from the Libor scandal has called for "urgent reform" of the benchmark interest rates as the Treasury published terms of reference for a rapid inquiry into the setting of the key interest rate. He will consider using actual trading data from banks in Libor-setting.

Williamson tightens his belt

The British designer Matthew Williamson, famed for his celebrity fans including Kate Moss and Jade Jagger, has reported a narrowing of losses for 2011. Cost cutting has reduced full-year losses by 46 per cent to £142,518. Underlying profits moved into the black at £124,000, on turnover of £10.2m for 2011.

SFO ruling due in Tchenguiz case

The High Court will today rule on whether the Serious Fraud Office improperly obtained search warrants for Robert and Vincent Tchenguiz, the millionaire entrepreneurs held in dawn raids by police last year. The review will also decide whether Robert Tchenguiz was wrongfully arrested. The SFO has apologised for mistakes made.

ECB gives hope to Spain and Italy

Hopes that the European Central Bank president, Mario Draghi, will step in to save the eurozone gave fresh relief for Italy and Spain. Optimism about aid meant Italy could tap markets for €5.5bn (£4.3bn) in five-year bonds at 5.29 per cent. Spanish yields fell from 7.5 per cent last week to 6.49 per cent.

Ladbrokes axes its online chief

Richard Ames, the Ladbrokes director responsible for IT, "has ceased to perform his executive duties with immediate effect", the bookmaker says. It warned in June that profits from its digital division would fall more than expected in the first half due to a delay in technology upgrades and a poor sportsbook margin.

Reckitt powers to £1.1bn profit

Cillit Bang, Nurofen and Durex are selling well for Reckitt Benckiser. Reckitt managed to avoid the profit warnings issued by its rival Procter & Gamble as investing in its biggest brands helped overcome economic troubles in Europe. Half-year profits rose 4 per cent to £1.1bn.

LV= sees profits motor to £62m

The general insurance business of LV= said trading profits rose by 13 per cent to £62m after it increased premium income by 6 per cent, to £747m, in the six months to 30 June. The company now has an 11 per cent share of the private car insurance market.

Halstead expects a record year

James Halstead, the commercial flooring company based in Manchester, expects a year of record revenues and profits for the period to 30 June after it continued to trade "solidly" in the face of difficult economic conditions.

Japanese swallow vinegar brands

Premier Foods, the owner of the Hovis and Mr Kipling brands, has completed the sale of its vinegar and sour pickles businesses, including the Sarson's, Hayward's and Dufrais brands, to Japan's Mizkan for £41m.

Latest stories from i100
Career Services

Day In a Page

No postcode? No vote

Floating voters

How living on a houseboat meant I didn't officially 'exist'
Louis Theroux's affable Englishman routine begins to wear thin

By Reason of Insanity

Louis Theroux's affable Englishman routine begins to wear thin
Power dressing is back – but no shoulderpads!

Power dressing is back

But banish all thoughts of Eighties shoulderpads
Spanish stone-age cave paintings 'under threat' after being re-opened to the public

Spanish stone-age cave paintings in Altamira 'under threat'

Caves were re-opened to the public
'I was the bookies’ favourite to be first to leave the Cabinet'

Vince Cable interview

'I was the bookies’ favourite to be first to leave the Cabinet'
Election 2015: How many of the Government's coalition agreement promises have been kept?

Promises, promises

But how many coalition agreement pledges have been kept?
The Gaza fisherman who built his own reef - and was shot dead there by an Israeli gunboat

The death of a Gaza fisherman

He built his own reef, and was fatally shot there by an Israeli gunboat
Saudi Arabia's airstrikes in Yemen are fuelling the Gulf's fire

Saudi airstrikes are fuelling the Gulf's fire

Arab intervention in Yemen risks entrenching Sunni-Shia divide and handing a victory to Isis, says Patrick Cockburn
Zayn Malik's departure from One Direction shows the perils of fame in the age of social media

The only direction Zayn could go

We wince at the anguish of One Direction's fans, but Malik's departure shows the perils of fame in the age of social media
Young Magician of the Year 2015: Meet the schoolgirl from Newcastle who has her heart set on being the competition's first female winner

Spells like teen spirit

A 16-year-old from Newcastle has set her heart on being the first female to win Young Magician of the Year. Jonathan Owen meets her
Jonathan Anderson: If fashion is a cycle, this young man knows just how to ride it

If fashion is a cycle, this young man knows just how to ride it

British designer Jonathan Anderson is putting his stamp on venerable house Loewe
Number plates scheme could provide a licence to offend in the land of the free

Licence to offend in the land of the free

Cash-strapped states have hit on a way of making money out of drivers that may be in collision with the First Amendment, says Rupert Cornwell
From farm to fork: Meet the Cornish fishermen, vegetable-growers and butchers causing a stir in London's top restaurants

From farm to fork in Cornwall

One man is bringing together Cornwall's most accomplished growers, fishermen and butchers with London's best chefs to put the finest, freshest produce on the plates of some of the country’s best restaurants
Robert Parker interview: The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes

Robert Parker interview

The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes
Don't believe the stereotype - or should you?

Don't believe the stereotype - or should you?

We exaggerate regional traits and turn them into jokes - and those on the receiving end are in on it too, says DJ Taylor