The Business Matrix: Wednesday 26 February 2014 - matrix - i - The Independent
Today's letter from the Editor
Today's Matrices
iJobs Job Widget
iJobs General

HR Manager - Kent - £45,000

£40000 - £45000 per annum: Ashdown Group: HR Manager / Training Manager (L&D /...

Senior QA Engineer - Agile, SCRUM

£35000 - £50000 per annum + benefits: Ashdown Group: Senior QA Engineer (Agil...

Marketing Executive - West Midlands - £28,000

£26000 - £28000 per annum: Ashdown Group: Digital Marketing Executive (SEO, PP...

Retail Business Analyst

£40000 - £50000 Per Annum: Clearwater People Solutions Ltd: Our retail client ...

The Business Matrix: Wednesday 26 February 2014

Watchdog begins Drax loan probe

EU competition regulators have begun preliminary inquiries into whether a Government guarantee on a loan for Drax to convert coal-fired power generation to biomass was fair. Last April, the Government offered a guarantee on a £75m loan Drax took out to convert three of its six generating units at the Drax station at Selby, Yorkshire.

De La Rue chief to head up UBM

The bank note printer De La Rue said chief executive Tim Cobbold – brought in three years ago to help lead a turnaround – has resigned to take the top job at events and communications company UBM. He will leave on 29 March. Philip Rogerson, chairman at De La Rue, will take on responsibilities until a replacement is found.

Newcastle sees profits rise to £2m

Newcastle Building Society said its annual profits leapt to £2m last year from £1.5m in 2012 after a "successful" year. It hailed its plan of returning to a traditional building society model, which saw it withdraw from higher risk lending such as commercial investment loans. The mutual said lent out £350m in mortgages.

UK growth set to outstrip the EU

The UK's economy is set to expand at more than twice the pace of the 18-member eurozone this year after the European Commission lifted its growth forecasts. The commission now expects UK growth of 2.5 per cent in 2014, up from previous estimates of 2.2 per cent. The eurozone is forecast to expand 1.2 per cent this year.

Persimmon set to hand back £1.9bn

Shareholders in Persimmon will get an early payday as a booming market prompted the housebuilder to speed up its plans to return £1.9bn to investors. Persimmon also unveiled a 49 per cent rise in 2013 profits to £330m as it sold 11,528 homes.and said forward sales so far this year are up 41 per cent.

Genus investment keeps profits flat

Pig and cattle breeder Genus saw profits remain flat at £22m in the second half of 2013 as it increased its investment in ventures in China to meet soaring demand for pork. The company could face problems from a recently discovered virus in the North American pig industry.

GM crops should focus on consumer

Consumers will only embrace genetically modified foods when they can see significant benefits, Justin King, chief executive of Sainsbury, said at the NFU national conference yesterday. He said new crops had been focused on the producer rather than the consumer.

Emerging markets trouble Ashmore

The investment manager Ashmore said half yearly profits fell to £79.5m from £120m a year earlier as it suffered amid emerging markets turmoil. It saw a net outflow of funds, which drove assets under management down by nearly 3 per cent to £45bn.

McColl's falls on first day trading

The newsagent McColl's suffered a disappointing start as a listed company yesterday, with its shares ending the first day of conditional trading at 184.5p, below the offer price of 191p. The listing values the group at about £200m.

Barclays closes energy desks

Barclays has closed its power trading desks in London and New York, joining a string of global investment banks that are paring down their commodity market activities as increased regulations bite.

Career Services

Day In a Page

Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

Exclusive extract from Janis Winehouse's poignant new memoir
Is this the role to win Cumberbatch an Oscar?

Is this the role to win Cumberbatch an Oscar?

The Imitation Game, film review
England and Roy Hodgson take a joint step towards redemption in Basel

England and Hodgson take a joint step towards redemption

Welbeck double puts England on the road to Euro 2016
Relatives fight over Vivian Maier’s rare photos

Relatives fight over Vivian Maier’s rare photos

Pictures removed from public view as courts decide ownership
‘Fashion has to be fun. It’s a big business, not a cure for cancer’

‘Fashion has to be fun. It’s a big business, not a cure for cancer’

Donatella Versace at New York Fashion Week