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

Recruitment Genius: Sales Executive or Senior Sales Executive - B2B Exhibitions

£18000 - £30000 per annum: Recruitment Genius: A Sales Executive or Senior Sal...

Recruitment Genius: Head of Support Services

£40000 - £55000 per annum: Recruitment Genius: This is an exciting opportunity...

Recruitment Genius: Warehouse Team Leader

£22000 per annum: Recruitment Genius: This industry leading company produces h...

Recruitment Genius: Business Development Manager / Sales - OTE £40,000

£20000 - £40000 per annum: Recruitment Genius: This IT provider for the educat...

The Business Matrix: Wednesday 13 February 2013

Johnson: LSE needs scientists

The London Mayor Boris Johnson opened trading at the London Stock Exchange yesterday as part of a campaign to encourage more science and technology firms to list. He said: "London is brimming with innovative technology and life-science entrepreneurs, many of whom have the potential to build world-beating businesses."

Hibu may default on £2bn debt

Hibu, the troubled publisher of the Yellow Pages directories, reported another dire set of results yesterday and admitted it is was likely to default on £2bn of debt at the end of this month. Revenues fell 14 per cent to £314m in the final three months of 2012. Print revenues dived by 22 per cent but digital directories were also down 7 per cent.

G4S takes £38m hit on Olympics

G4S has racked up an extra £38m in costs over the Olympic debacle – but the City said the damage could have been even worse. The security firm, which failed to provide more than 10,000 staff last summer so that the military had to be called in to make good the shortfall, has raised its estimates of losses to £70m.

Gold loses its shine for A&B

The number of Albemarle & Bond clients exchanging gold for cash have dried up, it said yesterday. Its shares fell 17p, or 7.4 per cent, to 212p as the pawnbroker and payday lender, which has 233 shops, said pre-tax profits fell 33 per cent in the first half, to £8.1m from £12.1m a year earlier. It said it expected conditions to get tougher.

Copper output plunges by 9%

Glencore and Xstrata said their combined output of key metals had fallen as the commodities giants continued to finalise their $36bn (£23bn) merger. Total copper production fell by 9 per cent and zinc by 1 per cent as a result of power cuts in the Congo, bad weather and efforts to replace ageing operations.

Matthews jumps ship to Go Outdoors

Go Outdoors, the clothing and camping equipment retailer, has hired the boss of Dixons Retail's Greek business as its new chief executive. Chris Matthews will join the 41-store chain in May after 10 years at Dixons. He is currently the managing its Kotsovolos chain of electrical stores in Greece.

Digital revolution reaches Lloyd's

A digital revolution took place at Lloyd's of London as the 325-year-old insurance market moved closer to a life without paper. The technology group Xchanging launched the first Lloyd's interactive app, which it claims will enable underwriters and brokers to work on iPads.

Scottish Life sees new business soar

Scottish Life, part of the Royal London Group, has announced record results for last year, with total new life and pensions business up 8 per cent on a year earlier at £2.44bn. It said it had continued to increase its share of both the individual and group personal pension markets.

Nationwide repair firm drives ahead

Nationwide, which provides car crash repair services across the the UK, said its performance last year was good, supported by renewed contracts with Hastings Direct and Zurich Insurance and a short-term arrangement with Aviva.

Rolls-Royce wins US Air Force contract

Rolls-Royce has won an $83.7m (£53.2m) contract to supply engines for 19 Bell Boeing V-22 Osprey aircraft operated by the US Marine Corps and the US Air Force. The deal is for 38 Rolls-Royce AE 1107C engines built in Indiana.

Latest stories from i100
SPONSORED FEATURES
Career Services

Day In a Page

The Silk Roads that trace civilisation: Long before the West rose to power, Asian pathways were connecting peoples and places

The Silk Roads that trace civilisation

Long before the West rose to power, Asian pathways were connecting peoples and places
House of Lords: Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled

The honours that shame Britain

Outcry as donors, fixers and MPs caught up in expenses scandal are ennobled
When it comes to street harassment, we need to talk about race

'When it comes to street harassment, we need to talk about race'

Why are black men living the stereotypes and why are we letting them get away with it?
International Tap Festival: Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic

International Tap Festival comes to the UK

Forget Fred Astaire and Ginger Rogers - this dancing is improvised, spontaneous and rhythmic
War with Isis: Is Turkey's buffer zone in Syria a matter of self-defence – or just anti-Kurd?

Turkey's buffer zone in Syria: self-defence – or just anti-Kurd?

Ankara accused of exacerbating racial division by allowing Turkmen minority to cross the border
Doris Lessing: Acclaimed novelist was kept under MI5 observation for 18 years, newly released papers show

'A subversive brothel keeper and Communist'

Acclaimed novelist Doris Lessing was kept under MI5 observation for 18 years, newly released papers show
Big Blue Live: BBC's Springwatch offshoot swaps back gardens for California's Monterey Bay

BBC heads to the Californian coast

The Big Blue Live crew is preparing for the first of three episodes on Sunday night, filming from boats, planes and an aquarium studio
Austin Bidwell: The Victorian fraudster who shook the Bank of England with the most daring forgery the world had known

Victorian fraudster who shook the Bank of England

Conman Austin Bidwell. was a heartless cad who carried out the most daring forgery the world had known
Car hacking scandal: Security designed to stop thieves hot-wiring almost every modern motor has been cracked

Car hacking scandal

Security designed to stop thieves hot-wiring almost every modern motor has been cracked
10 best placemats

Take your seat: 10 best placemats

Protect your table and dine in style with a bold new accessory
Ashes 2015: Alastair Cook not the only one to be caught in The Oval mindwarp

Cook not the only one to be caught in The Oval mindwarp

Aussie skipper Michael Clarke was lured into believing that what we witnessed at Edgbaston and Trent Bridge would continue in London, says Kevin Garside
Can Rafael Benitez get the best out of Gareth Bale at Real Madrid?

Can Benitez get the best out of Bale?

Back at the club he watched as a boy, the pressure is on Benitez to find a winning blend from Real's multiple talents. As La Liga begins, Pete Jenson asks if it will be enough to stop Barcelona
Athletics World Championships 2015: Beijing witnesses new stage in the Jessica Ennis-Hill and Katarina Johnson-Thompson heptathlon rivalry

Beijing witnesses new stage in the Jess and Kat rivalry

The last time the two British heptathletes competed, Ennis-Hill was on the way to Olympic gold and Johnson-Thompson was just a promising teenager. But a lot has happened in the following three years
Jeremy Corbyn: Joining a shrewd operator desperate for power as he visits the North East

Jeremy Corbyn interview: A shrewd operator desperate for power

His radical anti-austerity agenda has caught the imagination of the left and politically disaffected and set a staid Labour leadership election alight
Isis executes Palmyra antiquities chief: Defender of ancient city's past was killed for protecting its future

Isis executes Palmyra antiquities chief

Robert Fisk on the defender of the ancient city's past who was killed for protecting its future