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

Recruitment Genius: Web Developer - PHP

£28000 - £32000 per annum: Recruitment Genius: This exciting startup disruptin...

Guru Careers: Carpenter / Maintenance Operator

£25k plus Benefits: Guru Careers: A Carpenter and Maintenance Operator is need...

Recruitment Genius: Experienced Magazine Designer

£18000 - £30000 per annum: Recruitment Genius: This London based publishing co...

Recruitment Genius: Lettings Negotiator - OTE £30,000+

£13500 - £30000 per annum: Recruitment Genius: Previous experience is benefici...

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
SPONSORED FEATURES
Career Services

Day In a Page

Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkish President Erdogan could benefit politically from the targeting of the PKK, says Patrick Cockburn
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn or a return to a Labour government

Our choice is years of Tory rule under Corbyn or a return to a Labour government

Yvette Cooper urged Labour members to 'get serious' about the next general election rather than become 'a protest movement'
Singapore's domestic workers routinely exploited and often abused in the service of rich nationals

Singapore's hidden secret of domestic worker abuse

David Cameron was shown the country's shiniest veneer on his tour. What he didn't see was the army of foreign women who are routinely exploited and often abused in the service of rich nationals
Showdown by Shirley Jackson: A previously unpublished short story from the queen of American Gothic

Showdown, by Shirley Jackson

A previously unpublished short story from the queen of American Gothic
10 best DSLRs

Be sharp! 10 best DSLRs

Up your photography game with a versatile, powerful machine
Solved after 200 years: the mysterious deaths of 3,000 soldiers from Napoleon's army

Solved after 200 years

The mysterious deaths of 3,000 soldiers from Napoleon's army
Every regional power has betrayed the Kurds so Turkish bombing is no surprise

Robert Fisk on the Turkey conflict

Every regional power has betrayed the Kurds so Turkish bombing is no surprise
Investigation into wreck of unidentified submarine found off the coast of Sweden

Sunken sub

Investigation underway into wreck of an unidentified submarine found off the coast of Sweden
Instagram and Facebook have 'totally changed' the way people buy clothes

Age of the selfie

Instagram and Facebook have 'totally changed' the way people buy clothes
Not so square: How BBC's Bloomsbury saga is sexing up the period drama

Not so square

How Virginia Woolf saga is sexing up the BBC period drama
Rio Olympics 2016: The seven teenagers still carrying a torch for our Games hopes

Still carrying the torch

The seven teenagers given our Olympic hopes
The West likes to think that 'civilisation' will defeat Isis, but history suggests otherwise

The West likes to think that 'civilisation' will defeat Isis...

...but history suggests otherwise
The bald truth: How one author's thinning hair made him a Wayne Rooney sympathiser

The bald truth

How thinning hair made me a Wayne Rooney sympathiser
Froome wins second Tour de France after triumphant ride into Paris with Team Sky

Tour de France 2015

Froome rides into Paris to win historic second Tour
Fifteen years ago, Concorde crashed, and a dream died. Today, the desire to travel faster than the speed of sound is growing once again

A new beginning for supersonic flight?

Concorde's successors are in the works 15 years on from the Paris crash