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 8 August 2012

InterContinental Park Lane for sale

One of London's best-known hotels, the InterContinental in Park Lane, has been put on sale by InterContinental Hotels Group as it moves from owning to managing hotels. The hotel, which overlooks Hyde Park Corner, could fetch more than £200m, according to analysts. The group's first-half profits rose by 6 per cent to $286m.

Co-op boss retires after Lloyds deals

The boss of the Co-operative Group surprised the City yesterday by announcing his retirement, just weeks after buying 632 branches of Lloyds Banking Group to boost its high-street presence. Peter Marks will step down next May, after a six-year spell at the helm.

Italy's recession bites deeper

Italy's economy shrank 0.7 per cent in the second quarter, underlining a deepening recession, as austerity measures continue to affect everything from factory activity to consumer spending. The country's GDP fell for the fourth quarter in a row.

Lloyds worker in £2.4m fraud

A former Lloyds Bank worker in charge of online security has admitted her part in a £2.4m fraud. Jessica Harper, 50, was accused of submitting false invoices between 2007 and 2011 while working as the head of fraud and security for digital banking. She will be sentenced on 21 September.

Falling prices hit Xstrata's profits

Xstrata, which is pursuing a £57bn merger with Glencore, reported a 42 per cent fall in first-half profits as commodity prices fell sharply. The FTSE 100 miner said operating profits were $2.45bn (£1.57bn), down from $4.24bn last time, and blamed a "cyclical downturn in commodity prices".

Jubilee's slump blow is softened

The Jubilee slump for Britain's manufacturers did less damage to the overall economy than originally feared, official figures showed yesterday. The extra holiday for the Queen's Diamond Jubilee sent manufacturing output sliding 2.9 per cent in June. The 0.7 per cent second-quarter fall the ONS estimated should be 0.6 per cent.

Bellway bends succession rules

The housebuilder Bellway has bent the rules on City best practice by naming its chief executive, John Watson, as its next chairman. Mr Watson said: "In housebuilding you need a bit of experience and continuity." Current chairman, Howard Dawe, has been with Bellway since 1961.

Legal & General's profits surprise

Legal & General said it was braced for more shocks from the eurozone, but produced a better-than-expected 5 per cent rise in operating profits to £518m for the first six months of 2012. The improvement, driven by strong sales of corporate and housing protection insurance, saw profits at L&G's risk division climb by 15 per cent.

Kenyon moves to HMV finance job

HMV has hired Ian Kenyon from Carphone Warehouse as its group finance director, in the latest management reshuffle at the beleaguered entertainment retailer. Mr Kenyon, who was the finance chief of the joint venture Best Buy Europe, replaces David Wolffe. HMV is set to post an annual loss of £16m tomorrow.

Northern Ireland suffers jobs hit

Almost 11,000 jobs have been lost in the private sector in in the past two years, according to a report by PricewaterhouseCoopers. Its Economic Outlook report predicts that the Northern Ireland economy will shrink further this year.

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...