Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

The Business Matrix: Tuesday 14 April 2015

 

Monday 13 April 2015 17:51 EDT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Halfords’ Findlay heads for easyJet

Halfords finance director, Andrew Findlay, is switching from wheels to wings after being poached by low-cost airline easyJet. Findlay, who has been with the car-parts-to-bike seller since 2011, will replace Chris Kennedy, who is leaving easyJet to be chief finance officer at chip designer ARM Holdings.

Deloitte MG Rover fine slashed

Deloitte has been fined £3m by the Financial Reporting Council for its role in the MG Rover collapse 10 years ago. The firm was originally fined £14m, with former partner Maghsoud Einollahi hit by a £250,000 penalty and a three-year ban from working in the City. Einollahi’s ban has now been overturned and his fine lowered.

Thompson to take the chair at 3i

3i, Britain’s oldest private equity firm, has appointed Simon Thompson, currently chairman of Tullow Oil and a non-executive director at Rio Tinto, as its new chairman. He will replace Sir Adrian Montague at the annual meeting in June. Sir Adrian said: “I am confident I am leaving the company in very good hands.”

New direction for Wincanton’s Born

The boss of logistics group Wincanton yesterday quit the firm after six years in charge to take on a new job outside the sector, but has not yet announced what it is. Eric Born will be replaced by finance director Adrian Colman. The group provides services for supermarkets including Sainsbury’s and Waitrose.

Australia hit by falling ore prices

Australia’s Finance Minister has cut forecasts for the country’s revenues by A$25bn (£13bn) because of falling iron ore prices. Joe Hockey, the Treasurer of Australia, said that he will base next month’s budget on an iron ore price of just $35 a tonne, down from the current price of $47 a tonne.

Chinese exports plunge 14.7%

Chinese exports fell far more than expected in March, prompting hopes that Beijing will take steps to stimulate growth. Exports dived by 14.7 per cent last month, with a 12.7 per cent drop in imports. “It’s a very bad number... much worse than expectations,” said Louis Kuijs of RBS in Hong Kong.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in