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

Ashdown Group: Front-End UI Application Developer

£30000 - £40000 per annum + Benefits: Ashdown Group: Front-End UI Application ...

Recruitment Genius: Digital Account Executive

£18000 - £26000 per annum: Recruitment Genius: They work with major vehicle ma...

Recruitment Genius: Service Engineers - Doncaster / Hull

£27000 per annum: Recruitment Genius: Domestic Service Only Engineers are requ...

Recruitment Genius: Employability / Recruitment Adviser

£23600 - £27500 per annum: Recruitment Genius: The Employability Service withi...

The Business Matrix: Wednesday 23 March 2011

Brittain quits Spanish bank

Alison Brittain, the head of retail banking at Santander UK, is to follow the Spanish owned bank’s former chief executive Antonio Horta Osorio and move to Lloyds. She will, however, remain at the bank until September to help with the transition to her successor.

eBay boss pockets 22 per cent rise

John Donahoe, the head of the US-based online auction site eBay, saw his pay rise 22 per cent to $12.4m (£7.6m) last year. His pay package included $920,673 salary, bonus, incentives, shares awards, and perks including $245,655-worth of use of a company jet.

Buffett sets his sights on India

Warren Buffett, the billionaire US investor known as the Sage of Omaha, has said he is looking to invest in large countries like India, China and Brazil. On his first visit to India, Mr Buffett said: “I don’t consider India as an emerging market. I consider India as a very big market. We continue to look at large countries, like India.”

Sherwood tipped to head Goldmans

Michael Sherwood is being tipped as the successor to Lloyd Blankfein as chief executive of the Wall Street giant Goldman Sachs. The British banker, who once bought the royal stationer Smythson, has been named chairman of the bank’s partnership committee.

Society to repay Keydata investors

More than 3,000 people who lost money in investments sold to them by Norwich & Peterborough Building Society are set to share £57m in compensation. N&P will make ex gratia payments to 3,200 customers who took out policies with collapsed investment firm Keydata after receiving advice from the building society’s staff.

Record revenues boost Cairn Energy

Cairn Energy reported underlying profits of $1.1bn (£672m) for 2010, up from $53m in 2009 after notching up record revenues. The Edinburgh-based group also raised hopes that the long-awaited sale of its Indian arm will be cleared.

Amazon opens Android store

Amazon.com has introduced its store for Google Android smartphone applications, ratcheting up its fight with Apple. The online retailer also said the game Angry Birds Rio for Android is available for the first time exclusively through the Amazon AppStore. Amazon is promoting the game by letting people download it free for a limited time. The store, at the moment, is only open in the United States. MORE

Inflation rises to two-year high

Inflation has risen to its highest level for more than two years, heaping further pressure on the Bank of England to raise interest rates. The consumer price index rate of inflation rose to 4.4 per cent in February from 4 per cent in January, driven by increases in the price of fuel, food and clothing, said the Office for National Statistics. The rate, double the target, is likely to prompt calls for interest rate rises. MORE

Rank pockets tax jackpot of £154m

Rank, the parent company of Mecca Bingo, celebrated a £154m win from the taxman yesterday after receiving a VAT rebate. Rank was repaid £75m in tax dating from between 1973 and 1996 by HM Revenue and Customs after a long legal dispute. It is also due to receive £80m in interest later this month. HMRC is appealing against the decisions at the European Court of Justice.

Glencore lines up banks for IPO

Hopes that Glencore may be readying itself for a listing have been boosted by news that the Swiss commodities trader is close to strengthening its financial advisers ahead of a potential flotation in London and Hong Kong. Bank of America-Merrill Lynch, Barclays Capital, BNP Paribas and UBS are expected to be hired towork alongside Citigroup,Morgan Stanley and Credit Suisse.

Processed steel firm’s profits crash

The structural steelwork supplier Severfield-Rowen reported a plunge in profits to £15m in 2010 from £51m in 2009 after being hit by Government spending cuts and rising steel prices. But the group, which is supplying steel for London’s Shard of Glass skyscraper, said it had a “very respectable” order book of £226m.

Amec wins Teesside contract

The engineering and project management company Amec has secured a £32m engineering, procurement and construction contract from Teesside Gas & Liquids Processing. The company will handle the modification and extension of the Teesside Gas Processing Plant at Seal Sands near Middlesbrough.

Vuvuzelas boost TalkSport profits

The football World Cup and a loyal male audience helped the radio station TalkSport deliver market-beating advertising sales last year, according to parent UTV Media. The group, which is also the ITV licence holder for Northern Ireland, posted a 17 per cent rise in profits to a record £21m, as revenues rose 7 per cent to £120m.

Media rivals attack BSkyB decision

A media group alliance has said it is “fanciful” to hope Sky News will be kept independent under Rupert Murdoch’s bid to take full control of BSkyB. The coalition – including BT, Associated Newspapers and Trinity Mirror – said Culture Secretary Jeremy Hunt’s plans to wave through the News Corp takeover are flawed.

Latest stories from i100
Career Services

Day In a Page

Where the spooks get their coffee fix: The busiest Starbucks in the US is also the most secretive

The secret CIA Starbucks

The coffee shop is deep inside the agency's forested Virginia compound
Revealed: How the Establishment closed ranks over fallout from Loch Ness Monster 'sighting'

How the Establishment closed ranks over fallout from Nessie 'sighting'

The Natural History Museum's chief scientist was dismissed for declaring he had found the monster
One million Britons using food banks, according to Trussell Trust

One million Britons using food banks

Huge surge in number of families dependent on emergency food aid
Excavation at Italian cafe to fix rising damp unearths 2,500 years of history in 3,000 amazing objects

2,500 years of history in 3,000 amazing objects

Excavation at Italian cafe to fix rising damp unearths trove
The Hubble Space Telescope's amazing journey, 25 years on

The Hubble Space Telescope's amazing journey 25 years on

The space telescope was seen as a costly flop on its first release
Did Conservative peer Lord Ashcroft quit the House of Lords to become a non-dom?

Did Lord Ashcroft quit the House of Lords to become a non-dom?

A document seen by The Independent shows that a week after he resigned from the Lords he sold 350,000 shares in an American company - netting him $11.2m
Apple's ethnic emojis are being used to make racist comments on social media

Ethnic emojis used in racist comments

They were intended to promote harmony, but have achieved the opposite
Sir Kenneth Branagh interview: 'My bones are in the theatre'

Sir Kenneth Branagh: 'My bones are in the theatre'

The actor-turned-director’s new company will stage five plays from October – including works by Shakespeare and John Osborne
The sloth is now the face (and furry body) of three big advertising campaigns

The sloth is the face of three ad campaigns

Priya Elan discovers why slow and sleepy wins the race for brands in need of a new image
How to run a restaurant: As two newbies discovered, there's more to it than good food

How to run a restaurant

As two newbies discovered, there's more to it than good food
Record Store Day: Remembering an era when buying and selling discs were labours of love

Record Store Day: The vinyl countdown

For Lois Pryce, working in a record shop was a dream job - until the bean counters ruined it
Usher, Mary J Blige and Will.i.am to give free concert as part of the Global Poverty Project

Mary J Blige and Will.i.am to give free concert

The concert in Washington is part of the Global Citizen project, which aims to encourage young people to donate to charity
10 best tote bags

Accessorise with a stylish shopper this spring: 10 best tote bags

We find carriers with room for all your essentials (and a bit more)
Paul Scholes column: I hear Manchester City are closing on Pep Guardiola for next summer – but I'd also love to see Jürgen Klopp managing in England

Paul Scholes column

I hear Manchester City are closing on Pep Guardiola for next summer – but I'd also love to see Jürgen Klopp managing in England
Jessica Ennis-Hill: 'I just want to give it my best shot'

Jessica Ennis-Hill: 'I just want to give it my best shot'

The heptathlete has gone from the toast of the nation to being a sleep-deprived mum - but she’s ready to compete again. She just doesn't know how well she'll do...