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

Hydraulic Power Pack Design Engineer

competitive: Progressive Recruitment: I recruit for contract mechanical design...

SQL DBA/ C# Developer - T-SQL, C#.Net

£45000 - £55000 per annum + Benefits: Ashdown Group: Working with an exciting ...

SCO Supervisor Electrical

competitive: Progressive Recruitment: My client based in the Midlands is looki...

Ecommerce Executive

£20000 - £24000 per annum: Ashdown Group: Ecommerce Executive Working with an...

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.

Career Services

Day In a Page

Dress the Gaza situation up all you like, but the truth hurts

Robert Fisk on Gaza conflict

Dress the situation up all you like, but the truth hurts
Save the tiger: Tiger, tiger burning less brightly as numbers plummet

Tiger, tiger burning less brightly

When William Blake wrote his famous poem there were probably more than 100,000 tigers in the wild. These days they probably number around 3,200
5 News's Andy Bell retraces his grandfather's steps on the First World War battlefields

In grandfather's footsteps

5 News's political editor Andy Bell only knows his grandfather from the compelling diary he kept during WWI. But when he returned to the killing fields where Edwin Vaughan suffered so much, his ancestor came to life
Lifestyle guru Martha Stewart reveals she has flying robot ... to take photos of her farm

Martha Stewart has flying robot

The lifestyle guru used the drone to get a bird's eye view her 153-acre farm in Bedford, New York
Former Labour minister Meg Hillier has demanded 'pootling lanes' for women cyclists

Do women cyclists need 'pootling lanes'?

Simon Usborne (who's more of a hurtler) explains why winning the space race is key to happy riding
A tale of two presidents: George W Bush downs his paintbrush to pen father’s life story

A tale of two presidents

George W Bush downs his paintbrush to pen father’s life story
Restaurateur Mitch Tonks has given the Great Western Pullman dining car a makeover

The dining car makes a comeback

Restaurateur Mitch Tonks has given the Great Western Pullman dining car a makeover
Gallery rage: How are institutions tackling the discomfort of overcrowding this summer?

Gallery rage

How are institutions tackling the discomfort of overcrowding this summer?
Louis van Gaal has £500,000 video surveillance system installed to monitor Manchester United players

Eye on the prize

Louis van Gaal has £500,000 video surveillance system installed to monitor Manchester United players
Women's rugby: Tamara Taylor adds fuel to the ire in quest to land World Cup

Women's rugby

Tamara Taylor adds fuel to the ire in quest to land World Cup
Save the tiger: The day America’s love of backyard tigers led to a horrific bloodbath

The day America’s love of backyard tigers led to a horrific bloodbath

With only six per cent of the US population of these amazing big cats held in zoos, the Zanesville incident in 2011 was inevitable
Samuel Beckett's biographer reveals secrets of the writer's time as a French Resistance spy

How Samuel Beckett became a French Resistance spy

As this year's Samuel Beckett festival opens in Enniskillen, James Knowlson, recalls how the Irish writer risked his life for liberty and narrowly escaped capture by the Gestapo
We will remember them: relatives still honour those who fought in the Great War

We will remember them

Relatives still honour those who fought in the Great War
Star Wars Episode VII is being shot on film - and now Kodak is launching a last-ditch bid to keep celluloid alive

Kodak's last-ditch bid to keep celluloid alive

Director J J Abrams and a few digital refuseniks shoot movies on film. Simon Usborne wonders what the fuss is about
Once stilted and melodramatic, Hollywood is giving acting in video games a makeover

Acting in video games gets a makeover

David Crookes meets two of the genre's most popular voices