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

Recruitment Genius: Telesales & Customer Service Executive - Call Centre Jobs

£7 - £9 per hour: Recruitment Genius: Are you outgoing? Do you want to work in...

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 ...

The Business Matrix: Tuesday 8 October 2013

BP may face fines of $18bn over spill

The question of how much oil spewed out of BP’s Macondo well during the Gulf of Mexico spill in 2010 was centre-stage at the hearing into the disaster yesterday, with a US government lawyer claiming that at least 4.2 million barrels escaped. If the Judge accepts the government’s estimate, BP could face fines of up to $18bn (£11bn).

Almacantar settles legal claim

Developer Almacantar has settled its legal claim against the Marylebone Cricket Club over its £400m Vision for Lord’s, dropped by the august cricket club almost two years ago. Almacantar, led by property veteran Mike Hussey, launched legal action in April 2012 to reclaim a reported £400,000 over costs run up in the bidding process.

Founders regain Approved Index

The founders of the UK’s fastest-growing technology company have bought back the business they sold to the publishing giant Reed Elsevier five years ago.The online business-to-business marketplace Approved Index was sold to Reed in 2008 for an undisclosed sum and its co-founders used the proceeds to set up MVF Global.

Hearst’s UK arm sees profits triple

The glossy magazine publisher behind Harper’s Bazaar, Esquire and Good Housekeeping yesterday credited its embrace of digital for helping pre-tax profits to triple to £17.4m last year. Leaving aside exceptionals, operating profits still climbed by a third at Hearst’s UK arm, with turnover up 3.4 per cent  at £335.6m.

Intu spends €162m on Spanish centre

The owner of the Lakeside shopping centre has made a bold pitch into Spain, armed with the financial firepower of a huge Canadian pension fund. Intu Properties, which owns 16 shopping centres across the UK, has spent €162m (£10m) on the Parque Principado Shopping Centre in Asturias.

PTS sells stake to growth fund

A London business that helps clients move into buildings such as the Cheesegrater and the Gherkin has received a multimillion-pound injection from the Business Growth Fund. The owners of IT consultancy PTS have agreed to sell a minority stake in the business to the BGF, a £2.5bn vehicle.

Albemarle & Bond battles £51m debt

Albemarle & Bond has welcomed its new boss more than a week earlier than expected. Chief executive Chris Gillespie was not due to take up his new position until 18 October but has stepped into the hot seat as the company labours under £51m of debt.

Heron Tower gets £288m lifeline

Property tycoon Gerald Ronson’s Heron Tower has been given a £288m lifeline by US private equity group Starcapital. The deal saves the 42-storey tower in the heart of the City from the threat of administration or even a threatened fire sale by the property’s bankers.

Thomas Cook sells off firms

Thomas Cook has sold its Egypt and Lebanon businesses to a Gulf conglomerate for £6.5m. Thomas Cook Egypt and Thomas Cook Lebanon sold outbound corporate and leisure travel to Egyptian and Lebanese customers.

National Express seeks Berlin rail

National Express has been shortlisted for a €2bn (£1.7bn) deal to run the Berlin Ringbahn railway, potentially replacing the state-owned operator. It comes a month after the group signed a 15-year deal to run trains in North Rhine Westphalia.

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