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Systems Developer Technical Lead

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Energy Engineer

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The Business Matrix: Wednesday 9 November 2013

Struggling HTC posts $102m loss

Taiwanese smartphone maker HTC confirmed its first-ever loss yesterday, saying it fell $102m into the red in third quarter. It warned of more bad news ahead as it loses ground to rivals, with revenue expected to fall further in Q4, even after the impending sale of its stake in Dr Dre's headphone firm Beats Electronics for $265m.

Imperial forecasts modest growth

Imperial Tobacco's shares rose 2 per cent despite the maker of JPS, Davidoff and Lambert & Butler cigarettes saying it expected only modest earnings growth in 2014. Boss Alison Cooper said it would focus on developing its top brands, especially in growing markets, while pushing up returns in more mature ones.

FCA rules benefit smaller investors

Investors with minority holdings in London-listed companies have been empowered by new rules. The Financial Conduct Authority said firms with controlling shareholders – those holding 30 per cent or more of a company's stock – must ensure that they are run independently to hold on to their premium listings.

Shire binge-eating drug passes tests

Shares in drugs-maker Shire rose yesterday on news that its binge-eating disorder treatment Vyvanse has passed clinical trials. The amphetamine-based drug is already used to treat US students with attention-deficit disorder but has now been shown to reduce over-eaters' urge to binge.

BoE predicts new future for Hayes

Barclays Bank's chief economist, Simon Hayes, has been hired by the Bank of England to head its forecasting team. Before joining Barclays in 2005, Mr Hayes was at Threadndeedle Street for eight years, when he advised the Monetary Policy Committee. He will report to the BoE chief economist, Spencer Dale.

InterContinental rooms earn more

Richard Solomons, the chief executive of InterContinental Hotels, said he was confident about its future after strong growth in Asia, the Middle East and Africa helped it to improve global room revenues by 3.3 per cent over the past three months – slightly less than the 3.7 per cent in the first half of the year.

Balfour Beatty's market challenge

Balfour Beatty said its markets were still challenging despite a pick-up in US and UK prospects. The builder said its professional services business in Australia was struggling, but continued improvement in its UK arm would drive results ahead of City forecasts.

Mears sells off business for £1

The social housing repair firm Mears will write down £17.5m on the sale of its loss-making mechanical and electrical engineering unit to management for £1. It said London-based Haydon Mechanical and Electrical faced tough competition and limited opportunities.

Bloc is at 'turning point', says Rehn

The European Commissioner Olli Rehn insisted the eurozone had reached a "turning point" despite its growth forecasts for 2014 being cut from 1.2 per cent to 1.1 per cent. Forecasts of a 0.4 per cent contraction this year were left unchanged.

More funds bank Co-op refinancing

Three hedge funds holding £30m in bonds have backed the Co-op Bank's refinancing plan. J Goldman, Carlson Capital and Peak6 Advisors said they would vote in support of the move. Britain's biggest mutual has a £1.5bn hole in its finances.

Career Services

Day In a Page

Ferguson: In the heartlands of America, a descent into madness

A descent into madness in America's heartlands

David Usborne arrived in Ferguson, Missouri to be greeted by a scene more redolent of Gaza and Afghanistan
BBC’s filming of raid at Sir Cliff’s home ‘may be result of corruption’

BBC faces corruption allegation over its Sir Cliff police raid coverage

Reporter’s relationship with police under scrutiny as DG is summoned by MPs to explain extensive live broadcast of swoop on singer’s home
Lauded therapist Harley Mille still in limbo as battle to stay in Britain drags on

Lauded therapist still in limbo as battle to stay in Britain drags on

Australian Harley Miller is as frustrated by court delays as she is with the idiosyncrasies of immigration law
Lewis Fry Richardson's weather forecasts changed the world. But could his predictions of war do the same?

Lewis Fry Richardson's weather forecasts changed the world...

But could his predictions of war do the same?
Kate Bush asks fans not to take photos at her London gigs: 'I want to have contact with the audience, not iPhones'

'I want to have contact with the audience, not iPhones'

Kate Bush asks fans not to take photos at her London gigs
Under-35s have rated gardening in their top five favourite leisure activities, but why?

Young at hort

Under-35s have rated gardening in their top five favourite leisure activities. But why are so many people are swapping sweaty clubs for leafy shrubs?
Tim Vine, winner of the Funniest Joke of the Fringe award: 'making a quip as funny as possible is an art'

Beyond a joke

Tim Vine, winner of the Funniest Joke of the Fringe award, has nigh-on 200 in his act. So how are they conceived?
The late Peter O'Toole shines in 'Katherine of Alexandria' despite illness

The late Peter O'Toole shines in 'Katherine of Alexandria' despite illness

Sadly though, the Lawrence of Arabia star is not around to lend his own critique
Wicken Fen in Cambridgeshire: The joy of camping in a wetland nature reserve and sleeping under the stars

A wild night out

Wicken Fen in Cambridgeshire offers a rare chance to camp in a wetland nature reserve
Comic Sans for Cancer exhibition: It’s the font that’s openly ridiculed for its jaunty style, but figures of fun have their fans

Comic Sans for Cancer exhibition

It’s the font that’s openly ridiculed for its jaunty style, but figures of fun have their fans
Besiktas vs Arsenal: Five things we learnt from the Champions League first-leg tie

Besiktas vs Arsenal

Five things we learnt from the Champions League first-leg tie
Rory McIlroy a smash hit on the US talk show circuit

Rory McIlroy a smash hit on the US talk show circuit

As the Northern Irishman prepares for the Barclays, he finds time to appear on TV in the States, where he’s now such a global superstar that he needs no introduction
Boy racer Max Verstappen stays relaxed over step up to Formula One

Boy racer Max Verstappen stays relaxed over step up to F1

The 16-year-old will become the sport’s youngest-ever driver when he makes his debut for Toro Rosso next season
Fear brings the enemies of Isis together at last

Fear brings the enemies of Isis together at last

But belated attempts to unite will be to no avail if the Sunni caliphate remains strong in Syria, says Patrick Cockburn
Charlie Gilmour: 'I wondered if I would end up killing myself in jail'

Charlie Gilmour: 'I wondered if I'd end up killing myself in jail'

Following last week's report on prison suicides, the former inmate asks how much progress we have made in the 50 years since the abolition of capital punishment