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

Recruitment Genius: Senior Environmental Adviser - Maternity Cover

£37040 - £43600 per annum: Recruitment Genius: The UK's export credit agency a...

Recruitment Genius: CBM & Lubrication Technician

£25000 - £27500 per annum: Recruitment Genius: This company provides a compreh...

Recruitment Genius: Care Worker - Residential Emergency Service

£16800 - £19500 per annum: Recruitment Genius: Would you like to join an organ...

Recruitment Genius: Senior Landscaper

£25000 - £28000 per annum: Recruitment Genius: In the last five years this com...

The Business Matrix: Wednesday 27 June 2012

Stagecoach results stay on track

Stagecoach's loss-making route into London St Pancras put the skids on its annual growth. It said the recession has seen demand on East Midlands Trains fall, to the point it now receives a taxpayer subsidy on the route. Rail profits fell 44 per cent last year, but group profits were down just 1.5 per cent at £203m as revenues rose 8 per cent to £2.6bn.

Shell joins forces to buy Coryton

Oil giant Royal Dutch Shell, fuel distribution firm Greenergy and storage company Vopak have agreed to buy the majority of assets at the closed down Coryton refinery and plan to use the site a storage terminal. The sale follows a five-month attempt by the site's administrator's to sell the refinery as a going concern.

Sale of Cook's hotels is delayed

Thomas Cook's sale of its Spanish hotel chain has been delayed by a month it revealed yesterday. Iberostar, which agreed in December to pay €71m for the chain of five hotels and a golf club, has asked for an extra month to "put in place certain completion arrangements". As a result, it has doubled the deposit paid to Cook to €20m.

Profits hit the floor at Carpetright

Annual profits at Carpetright slumped to £4m but the retailer offered some comfort over recent sales. The group, which has 490 stores, has seen profits sink from £17m last year and £62m in 2008. Former Sainsbury's director Darren Shapland has just returned as chief executive to work alongside its founder, Lord Harris of Peckham.

Phillips sells Double Helix

Wayne Phillips, the former head of the British Association of Pharmaceutical Physicians, has sold his Double Helix healthcare consultancy to Interpublic's offshoot McCann Health for up to £50m. Mr Phillips created Double Helix in 1995 after 30 years in the drug industry with Genentech and Sandoz.

Petrofac sees good news in pipeline

The oil and gas services provider Petrofac said it expected profits to rise by at least 15 per cent this year after contract wins in Iraq and Mexico boosted its order book. The company said it had a $9.1bn (£5.8bn) backlog of orders and a further $1.1bn of contracts in the pipeline that would soon be signed.

France hit by big rise in jobless

France's jobless total registered its biggest increase in 13 months in April, in a sign that labour market conditions are fast deteriorating in Europe's second-largest economy. The number of jobseekers in mainland France rose by 33,300 from April to 2.922 million.

Serco says outlook is 'improving'

The outsourcing giant Serco said tough conditions in the US were expected to hit first half revenues but that it remained on track for the year as a whole. The Hampshire-based group said while the US market was difficult it had seen "an improving outlook" in the UK.

Irn Bru maker in Rockstar deal

Irn Bru maker AG Barr has extended a deal to sell and distribute US energy drink brand Rockstar in the UK and Ireland until 2024. The company has signed a new 15-year franchise agreement with Rockstar, which is based in Las Vegas.

Dame Lucy bows out from Tesco

Dame Lucy Neville-Rolfe, Tesco's corporate and legal affairs director, is to retire on 2 January, her 60th birthday, following fellow board members Richard Brasher, Andrew Higginson and David Potts out of the door during the past year.

Latest stories from i100
SPONSORED FEATURES
Career Services

Day In a Page

The long walk west: they fled war in Syria, only to get held up in Hungary – now hundreds of refugees have set off on foot for Austria

They fled war in Syria...

...only to get stuck and sidetracked in Hungary
From The Prisoner to Mad Men, elaborate title sequences are one of the keys to a great TV series

Title sequences: From The Prisoner to Mad Men

Elaborate title sequences are one of the keys to a great TV series. But why does the art form have such a chequered history?
Giorgio Armani Beauty's fabric-inspired foundations: Get back to basics this autumn

Giorgio Armani Beauty's foundations

Sumptuous fabrics meet luscious cosmetics for this elegant look
From stowaways to Operation Stack: Life in a transcontinental lorry cab

Life from the inside of a trucker's cab

From stowaways to Operation Stack, it's a challenging time to be a trucker heading to and from the Continent
Kelis interview: The songwriter and sauce-maker on cooking for Pharrell and crying over potatoes

Kelis interview

The singer and sauce-maker on cooking for Pharrell
Refugee crisis: David Cameron lowered the flag for the dead king of Saudi Arabia - will he do the same honour for little Aylan Kurdi?

Cameron lowered the flag for the dead king of Saudi Arabia...

But will he do the same honour for little Aylan Kurdi, asks Robert Fisk
Our leaders lack courage in this refugee crisis. We are shamed by our European neighbours

Our leaders lack courage in this refugee crisis. We are shamed by our European neighbours

Humanity must be at the heart of politics, says Jeremy Corbyn
Joe Biden's 'tease tour': Could the US Vice-President be testing the water for a presidential run?

Joe Biden's 'tease tour'

Could the US Vice-President be testing the water for a presidential run?
Britain's 24-hour culture: With the 'leisured society' a distant dream we're working longer and less regular hours than ever

Britain's 24-hour culture

With the 'leisured society' a distant dream we're working longer and less regular hours than ever
Diplomacy board game: Treachery is the way to win - which makes it just like the real thing

The addictive nature of Diplomacy

Bullying, betrayal, aggression – it may be just a board game, but the family that plays Diplomacy may never look at each other in the same way again
Lady Chatterley's Lover: Racy underwear for fans of DH Lawrence's equally racy tome

Fashion: Ooh, Lady Chatterley!

Take inspiration from DH Lawrence's racy tome with equally racy underwear
8 best children's clocks

Tick-tock: 8 best children's clocks

Whether you’re teaching them to tell the time or putting the finishing touches to a nursery, there’s a ticker for that
Charlie Austin: Queens Park Rangers striker says ‘If the move is not right, I’m not going’

Charlie Austin: ‘If the move is not right, I’m not going’

After hitting 18 goals in the Premier League last season, the QPR striker was the great non-deal of transfer deadline day. But he says he'd preferred another shot at promotion
Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

How Isis profits from destruction of antiquities

Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

'If we lose touch we’ll end up with two decades of the Tories'

In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea