The Business Matrix: Wednesday 9 November 2013

The Business Matrix: Wednesday 9 November 2013 - matrix - i - The Independent Thursday 26 December 2013
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Today's letter from the Editor i i Assistant Editor's Letter: Not a 'goodbye', more a 'see you later.' i i Foreign Editor's Letter: Fortunate to have the best correspondents in the world i i Assistant Editor's Letter: All in a week�s work for a national newspaper editor i i Assistant Editor's Letter: Is it graffiti or art? i i Assistant Editor's Letter: Spending quality time with the kids Today's Matrices i The Sport Matrix: Thursday 26 December 2013 i The News Matrix: Thursday 26 December 2013 i The Sport Matrix: Tuesday 24 December 2013 iJobs General Senior Automation QA Engineer (Java, Selenium WebDriver, Agile) �40000 - �65000 per annum + Benefits : Harrington Starr: Senior Automation QA
. Senior C++ Developer - US Proprietary Trading Firm �80000 - �120000 per annum + Benefits + Bonus: Harrington Starr: A US Propri
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lo... Quant Developer - Financial Big Data Start Up �40000 - �60000 per annum + Benefits + Bonus: Harrington Starr: A big Da
Fin... View the latest from iJobs The Business Matrix: Wednesday 9 November 2013 Struggling HTC posts $
2m 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 fo
$265m. Imperial forecasts mode
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 matu
ones. FCA rules benefit smaller
vestors 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
stings. Shire binge-eating drug pas
s 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 t
binge. BoE predicts new future f
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, Spen
r Dale. InterContinental rooms
rn 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
e year. Balfour Beatty's market
allenge 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 f
ecasts. Mears sells off busin
s 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 op
rtunities. 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 lef
unchanged. More funds bank Co-op
efinancing 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

finances.

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