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

Recruitment Genius: Bookkeeper / Office Co-ordinator

£9 per hour: Recruitment Genius: This role is based within a small family run ...

Recruitment Genius: Designer - Print & Digital

£28000 - £32000 per annum: Recruitment Genius: This Design and marketing agenc...

Recruitment Genius: Quantity Surveyor

£46000 per annum: Recruitment Genius: This property investment firm are lookin...

Recruitment Genius: Telesales / Telemarketing Executive - OTE £30k / £35k plus

£18000 - £35000 per annum: Recruitment Genius: This company specialises provid...

The Business Matrix: Wednesday 30 October 2013

Tata to cut up to 500 British jobs

Up to 500 jobs are to be axed from three Tata steel plants in the UK as the Indian-owned company reacts to long-term low demand, particularly from the construction industry. The main casualty will be Scunthorpe, where more than 300 jobs are at risk. The GMB union pointed out that 1,000 jobs were lost earlier this year.

Standard reports slowing growth

Standard Chartered, the London-based emerging markets bank, said its revenues grew more slowly in the past three months than they had in previous quarters. Tough trading in Korea and harder going in Singapore meant its profits for the year so far were up by a "low single-digit percentage" on the same time last year.

Megabus drives Stagecoach ahead

Stagecoach said its budget coach brand Megabus in the US was its fastest-growing division, as it reported its latest results. The business – which has routes across the US for fares starting at $1 – saw revenues jump by 23.7 per cent in the five months to October, thanks in part to the launch of networks in Texas and California.

IMF visits Cyprus to check on books

Foreign creditors have asked Cyprus to open its books again to ensure that the country is sticking to the terms of its bailout programme. Officials from the eurozone and the International Monetary Fund met a delegation from the country yesterday, including Cyprus's central bank governor Panicos Demetriades.

Rates go up again to tackle inflation

India raised interest rates for the second time in two months as central bank governor Raghuram Rajan looked to tackle inflation despite concerns over slowing growth. The quarter-point rise to 7.75 per cent comes with inflation at 6.5 per cent, well above the Reserve Bank of India's target of 4 to 4.5 per cent.

Warning chops 3% off Regus shares

Shares in Regus fell 3 per cent after the serviced office group warned full-year results would be hit by extra spending as it ramps up expansion with up to 440 new centres opening this year. The company rents out meeting rooms and business lounges to firms including Google, BMW and GlaxoSmithKline.

Banks in yakuza link investigation

Three Japanese banks are to be investigated over possible transactions involving yakuza organised crime gangs. Japan's Financial Services Agency (FSA) will inspect Mitsubishi, Mizuho Financial and Sumitomo Mitsui – after Mizuho admitted knowledge of wrongdoing.

Yellow Pages firm revenue takes hit

Collapsed Yellow Pages publisher Hibu admitted its underlying earnings fell by a almost third to £107m in the six months to October. Yellow Pages advertisers reduced by 21 per cent to 377,000, Hibu said, whilst revenue per advertiser slipped 3 per cent to £802.

St Jude may cost firms up to £500m

Insurers are set to pay £300m to £500m to cover UK claims to damage causes by the St Jude's Day storm, keeping profits intact despite the human cost, broker Willis estimated yesterday. Europe was battered by hurricane winds on Monday.

Nokia optimistic after phones sale

Nokia predicted a more profitable future for its NSN Networks equipment business yesterday, raising hopes for growth in what will be the Finnish firms main business after its phones division is sold to Microsoft for $5.2bn in the new year.

Latest stories from i100
Career Services

Day In a Page

War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn
Yvette Cooper: We can't lose the election. There's too much on the line

Yvette Cooper: We can't lose the election. There's too much on the line

The shadow Home Secretary on fighting radical Islam, protecting children, and why anyone in Labour who's thinking beyond May must 'sort themselves out'
A bad week for the Greens: Leader Natalie Bennett's 'car crash' radio interview is followed by Brighton council's failure to set a budget due to infighting

It's not easy being Green

After a bad week in which its leader had a public meltdown and its only city council couldn't agree on a budget vote, what next for the alternative party? It's over to Caroline Lucas to find out
Gorillas nearly missed: BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter

Gorillas nearly missed

BBC producers didn't want to broadcast Sir David Attenborough's famed Rwandan encounter
Downton Abbey effect sees impoverished Italian nobles inspired to open their doors to paying guests for up to €650 a night

The Downton Abbey effect

Impoverished Italian nobles are opening their doors to paying guests, inspired by the TV drama
China's wild panda numbers have increased by 17% since 2003, new census reveals

China's wild panda numbers on the up

New census reveals 17% since 2003
Barbara Woodward: Britain's first female ambassador to China intends to forge strong links with the growing economic superpower

Our woman in Beijing builds a new relationship

Britain's first female ambassador to China intends to forge strong links with growing economic power
Courage is rare. True humility is even rarer. But the only British soldier to be awarded the Victoria Cross in Afghanistan has both

Courage is rare. True humility is even rarer

Beware of imitations, but the words of the soldier awarded the Victoria Cross were the real thing, says DJ Taylor
Alexander McQueen: The catwalk was a stage for the designer's astonishing and troubling vision

Alexander McQueen's astonishing vision

Ahead of a major retrospective, Alexander Fury talks to the collaborators who helped create the late designer's notorious spectacle
New BBC series savours half a century of food in Britain, from Vesta curries to nouvelle cuisine

Dinner through the decades

A new BBC series challenged Brandon Robshaw and his family to eat their way from the 1950s to the 1990s
Philippa Perry interview: The psychotherapist on McDonald's, fancy specs and meeting Grayson Perry on an evening course

Philippa Perry interview

The psychotherapist on McDonald's, fancy specs and meeting Grayson Perry on an evening course
Bill Granger recipes: Our chef recreates the exoticism of the Indonesian stir-fry

Bill Granger's Indonesian stir-fry recipes

Our chef was inspired by the south-east Asian cuisine he encountered as a teenager
Chelsea vs Tottenham: Harry Kane was at Wembley to see Spurs beat the Blues and win the Capital One Cup - now he's their great hope

Harry Kane interview

The striker was at Wembley to see Spurs beat the Blues and win the Capital One Cup - now he's their great hope
The Last Word: For the good of the game: why on earth don’t we leave Fifa?

Michael Calvin's Last Word

For the good of the game: why on earth don’t we leave Fifa?
HIV pill: Scientists hail discovery of 'game-changer' that cuts the risk of infection among gay men by 86%

Scientists hail daily pill that protects against HIV infection

Breakthrough in battle against global scourge – but will the NHS pay for it?