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

Recruitment Genius: Senior Environmental Adviser - Maternity Cover

£37040 - £43600 per annum: Recruitment Genius: The UK's export credit agency a...

Recruitment Genius: CBM & Lubrication Technician

£25000 - £27500 per annum: Recruitment Genius: This company provides a compreh...

Recruitment Genius: Care Worker - Residential Emergency Service

£16800 - £19500 per annum: Recruitment Genius: Would you like to join an organ...

Recruitment Genius: Senior Landscaper

£25000 - £28000 per annum: Recruitment Genius: In the last five years this com...

The Business Matrix: Tuesday 4 February 2014

Profits disappoint as Future falters

Future, the publisher of technology and entertainment magazines including T3 and Total Film, saw its share price tumble almost 8 per cent after it warned profits would come in at the “lower end” of forecasts. Group turnover rose 1 per cent, helped by a 9 per cent rise in digital. But advertising took a hit before Christmas as brands delayed campaigns.

Rexam drops pill and bottle arms

Packaging and can maker Rexam is offloading two healthcare businesses, making items like pill and medicine bottles, to a private equity firm for $805m (£489m), with plans to return the cash to shareholders. Investors will get £450m from the sale of Pharmaceutical Devices and Prescription Retail Packaging to Montague Private Equity.

Firms more likely to go bust in 2013

Retailers falling into administration in the last 12 months were less likely to survive than a year earlier, according to restructurer FRP Advisory. Around 20 retailers went bust in 2013, including HMV, with just 35 per cent of the stores saved, compared with 50 per cent in 2012. Staff survival rates were just 3 per cent in the final quarter of 2013.

Russian giant set to float in London

Russia’s second-biggest hypermarket group, Lenta, is poised to float on the London Stock Exchange in a listing that could value the business at more than £3bn and net the owners at least £600m. The flotation is expected to take place next month. The business is the latest in a long line of retailers heading for the stock market, including Poundland.

Alitalia to secure funding package

Alitalia is about to finalise loan agreements with banks for up to €200m pledged last year to help keep the Italian airline flying while it finds a new partner, its chief executive said. The loans are part of a €500m package to support the trouble airline while it finalises talks with Etihad Airways on a possible investment.

Citigroup sends in the cavalry to UK

Citigroup has appointed one of its top corporate bankers to head its British operations, where he will be manage the relationships with UK regulators and government. James Bardrick joined Citi in 1987 and took charge of corporate and investment banking for Europe, Middle East and Africa four years ago.

Spirits chief bets on African growth

Former Whyte & Mackay whisky boss Vivian Imerman, has bought a controlling stake in South African spirits firm TNB for 200m rand, aiming to tap the African middle class’s taste for alcohol. He was once dubbed “The Man from Del Monte” after turning the fruit company around.

Consolidation to reshape industry

The legal world is about to be reshaped by an M&A rush, a top industry dealmaker has warned. Sir Nigel Knowles – who turned DLA Piper into the world’s largest law firm – said consolidation “is an imminent certainty” and will happen “on a scale not previously witnessed”.

ArthroCare is  sold for $1.7bn

Artificial hip and knee maker Smith & Nephew has paid $1.7bn for the medical device maker ArthroCare, just weeks after the US firm settled a long-running Department of Justice investigation into securities fraud at the company.

Manufacturing to slow, experts say

China’s manufacturing sector slowed down in January as experts braced themselves for a weaker performance this year. The country’s purchasing managers index eased to 50.5 in January from December’s 51 reading. The 50 mark signal stagnation.

Latest stories from i100
SPONSORED FEATURES
Career Services

Day In a Page

Refugee crisis: David Cameron lowered the flag for the dead king of Saudi Arabia - will he do the same honour for little Aylan Kurdi?

Cameron lowered the flag for the dead king of Saudi Arabia...

But will he do the same honour for little Aylan Kurdi, asks Robert Fisk
Our leaders lack courage in this refugee crisis. We are shamed by our European neighbours

Our leaders lack courage in this refugee crisis. We are shamed by our European neighbours

Humanity must be at the heart of politics, says Jeremy Corbyn
Joe Biden's 'tease tour': Could the US Vice-President be testing the water for a presidential run?

Joe Biden's 'tease tour'

Could the US Vice-President be testing the water for a presidential run?
Britain's 24-hour culture: With the 'leisured society' a distant dream we're working longer and less regular hours than ever

Britain's 24-hour culture

With the 'leisured society' a distant dream we're working longer and less regular hours than ever
Diplomacy board game: Treachery is the way to win - which makes it just like the real thing

The addictive nature of Diplomacy

Bullying, betrayal, aggression – it may be just a board game, but the family that plays Diplomacy may never look at each other in the same way again
Lady Chatterley's Lover: Racy underwear for fans of DH Lawrence's equally racy tome

Fashion: Ooh, Lady Chatterley!

Take inspiration from DH Lawrence's racy tome with equally racy underwear
8 best children's clocks

Tick-tock: 8 best children's clocks

Whether you’re teaching them to tell the time or putting the finishing touches to a nursery, there’s a ticker for that
Charlie Austin: Queens Park Rangers striker says ‘If the move is not right, I’m not going’

Charlie Austin: ‘If the move is not right, I’m not going’

After hitting 18 goals in the Premier League last season, the QPR striker was the great non-deal of transfer deadline day. But he says he'd preferred another shot at promotion
Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

How Isis profits from destruction of antiquities

Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

'If we lose touch we’ll end up with two decades of the Tories'

In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea
Tunisia fears its Arab Spring could be reversed as the new regime becomes as intolerant of dissent as its predecessor

The Arab Spring reversed

Tunisian protesters fear that a new law will whitewash corrupt businessmen and officials, but they are finding that the new regime is becoming as intolerant of dissent as its predecessor
King Arthur: Legendary figure was real and lived most of his life in Strathclyde, academic claims

Academic claims King Arthur was real - and reveals where he lived

Dr Andrew Breeze says the legendary figure did exist – but was a general, not a king
Who is Oliver Bonas and how has he captured middle-class hearts?

Who is Oliver Bonas?

It's the first high-street store to pay its staff the living wage, and it saw out the recession in style
Earth has 'lost more than half its trees' since humans first started cutting them down

Axe-wielding Man fells half the world’s trees – leaving us just 422 each

However, the number of trees may be eight times higher than previously thought
60 years of Scalextric: Model cars are now stuffed with as much tech as real ones

60 years of Scalextric

Model cars are now stuffed with as much tech as real ones