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

Recruitment Genius: Project Engineer

£30000 - £40000 per annum: Recruitment Genius: An exciting opportunity has ari...

Recruitment Genius: Project Manager - Civil Engineering

£35000 per annum: Recruitment Genius: The Business: This company is going thro...

Tradewind Recruitment: KS1 & KS2 Teachers Required

Negotiable: Tradewind Recruitment: Tradewind Recruitment are currently working...

Recruitment Genius: Lift Repairs Sales Account Manager

£28000 - £32000 per annum: Recruitment Genius: An exciting new opportunity has...

The Business Matrix: Wednesday 29 June 2011

Nissan welcomes millionth Qashqai

Nissan’s Sunderland plant celebrated the manufacture of its millionth Qashqai yesterday. The vehicle, a silver 2.0-litre diesel, will now be offered as a prize. The plant, which employs 5,000 people, started making Qashqais in 2006, and now exports 80 per cent of its production. It produces 1,200 Qashqais per day – about one a minute.

Climbdown on pensioners’ bonds

The Bank of Ireland (BoI) has climbed down on plans to force investors to sell their permanent interest-bearing shares (pibs) for just 20 per cent of their face value. The bonds, which pay nearly 14 per cent interest, were issued by Bristol & West before it was bought by BoI and were popular with pensioners looking for retirement income.

Toppension pots average £2.8m

The value of final-salary pension pots for top directors now averages £2.8m. A survey by Income Data Services of 137 directors in FTSE 100 companies found that the money could buy an employee a pension worth more than £170,000 a year. IDS said cash payments in lieu of pension contributions were becoming increasingly common.

OFT calls for end to card surcharges

The Office of Fair Trading is to call on the Government to ban the use of surcharges on all debit card transactions – but said credit card surcharges should be allowed to continue as they are more costly to process. The watchdog singled out the airline sector – where UK customers spent £300m on surcharges in 2009 – for the practice. MORE

House prices fell again in May

House prices fell further during May, the Land Registry said yesterday. The average cost of a home in England and Wales dropped by 0.4 per cent in May to £161,823 – 2.2 per cent lower than a year ago. London is the one place bucking the trend, with prices rising by 2.9 per cent over the past 12 months.

Three charged over £10m ‘Ponzi scam’

Three more people have been charged in relation to an alleged £10m “Ponzi” scheme that targeted expatriates in Majorca. Daniel Hirst, Linda Christine Hirst and Zoe Waite were charged following an investigation by the Serious Fraud Office. John Hirst was charged in the same matter in March.

Thorntons wraps up scores of stores

The chocolate retailer Thorntons has dealt a further blow to the high street by announcing plans to close up to 180 stores. The group said it will exit at least 120 outlets over the next three years as their leases expire, while it will also consider the future of an additional 60 shops. MORE

Soft landing for DFS in recession

The sofa giant DFS has shrugged off “exceptionally demanding” conditions, buying eight new stores. The group said that it had gained market share, even though anxious consumers were delaying all but essential purchases. Nine months through its year, profits are up, even though sales have softened slightly.

TJ Hughes faces administration

The department store chain TJ Hughes looks set to become the latest victim of the squeeze on spending, putting some 4,000 jobs at risk. The chain, which was founded in Liverpool in 1912 and runs 57 stores, gave official notice that it intends to appoint an administrator over the next 10 days.

400 to lose jobs as Jane Norman fails

Nearly 400 staff at Jane Norman are to lose their jobs after administrators failed to find a buyer for 33 stores. But, the fashion retailer has agreed to sell 33 stores to Edinburgh Woollen Mill under a “pre-pack” deal that will see the Jane Norman name survive on the high street and will save 396 jobs. MORE

Latest stories from i100
Career Services

Day In a Page

Woman who was sent to three Nazi death camps describes how she escaped the gas chamber

Auschwitz liberation 70th anniversary

Woman sent to three Nazi death camps describes surviving gas chamber
DSK, Dodo the Pimp, and the Carlton Hotel

The inside track on France's trial of the year

Dominique Strauss-Kahn, Dodo the Pimp, and the Carlton Hotel:
As provocative now as they ever were

Sarah Kane season

Why her plays are as provocative now as when they were written
Murder of Japanese hostage has grim echoes of a killing in Iraq 11 years ago

Murder of Japanese hostage has grim echoes of another killing

Japanese mood was against what was seen as irresponsible trips to a vicious war zone
Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
'In Auschwitz you got used to anything'

'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore
'I'm gay, and plan to fight military homophobia'

'I'm gay, and plan to fight military homophobia'

Army general planning to come out
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea