Accenture to buy Ariba’s assets in $51m cash deal October 6, 2010 TECHNOLOGY outsourcing and consulting firm Accenture said it would buy Ariba consulting services and BPO assets for $51m in cash. Ariba, which provides procurement software and consulting services, said the businesses will account for about $40m of 2010 revenue and seven cents a share in adjusted earnings, it said in a regulatory filing. Accenture, which [...]
CITY GYM LAUNCHES FAT BANKER CHALLENGE October 6, 2010 HOT ON the heels of last week’s much-lauded “Best Dressed Banker” award, and The Capitalist’s own rundown of the top ten hunkiest gents and loveliest ladies in the City, published in the summer, comes another, err, extra-curricular competition for London’s financiers. Matt Roberts, personal trainer to the stars, is on a mission to help the [...]
Autonomy shares rocked by cut in profits forecast October 6, 2010 software firm Autonomy said it would cut its full-year revenue guidance by about three per cent after weaker-than-expected demand, sending its stock sharply lower. Shares in the group, whose meaning-based search software is used by multinationals and governments, plunged as much as 21 per cent to an eight-month low of 1,464p, the largest FTSE 100 [...]
Pay at FTSE firms grows October 6, 2010 PAY PACKETS in the private sector are growing at a faster rate than those in the public sector for the first time since March 2009, said research out today. Workers in for-profit companies saw their take-home pay increase at an annual rate of 1.4 per cent in September. Pay rises are still lagging far behind [...]
CITY VIEWS: SHOULD BANKS TONE DOWN THEIR BONUSES WHILE THE GOVERNMENT IS CUTTING PUBLIC SECTOR PAY? October 6, 2010 CARL PEREIRA | CS TRAVEL “They shouldn’t be entitled to a bonus at all. The rest of us are happy with just getting wages, never mind a bonus for simply doing our job. I don’t think bigger bonuses are a sign of an improving economy that we should celebrate – it’s a sign a banker’s [...]
Card fraud at a 10-year low October 6, 2010 Credit card fraud losses in the first six months of the year plunged to their lowest level for 10 years, at just £187m, the banking industry said yesterday. Online banking fraud was 36 per cent lower than in the first half of last year, at £25m, said the UK Cards Association. Phone banking fraud was [...]
Toyota’s Prius sales take a tumble October 6, 2010 Japanese sales of the Toyota Prius have fallen for the first time in almost a year-and-a-half after a government subsidy for buying more eco-friendly cars ended, industry figures suggest. The hybrid motor is Japan’s most popular car, with 27,249 sold in September, according to the Japan Automobile Dealers Association. However, this was 14 per cent [...]
Growth in UK boosts Robert Walters’ fees October 6, 2010 GLOBAL recruiter Robert Walters has seen a spike in fees during the third quarter, driven by strong growth in the UK and Asia. Robert Walters said that gross profit for the three months to the end of September soared 65 per cent to £42.5m. The rise is against a low comparison last year when fees [...]
ANALYST VIEWS: WHAT DO YOU THINK OF ROBERT WALTERS’ RESULTS? October 6, 2010 KEAN MARDEN | ROYAL BANK OF SCOTLAND At the divisional level, Asia Pacific was softer than expected – according to the company this was driven by financial services hiring rather than a general loss of momentum around the Australian general election – and the UK’s stronger performance. CAROLINE DE LA SOUJEOLE | SEYMOUR PIERCE Robert [...]
Hays boss sees a £200,000 cut in annual pay October 6, 2010 ALISTAIR Cox, chief executive of recruiter Hays, saw his pay shrink by £200,000 to take home £1.56m last year, according to the company’s annual report. The report that showed Cox took home a base salary of £630,000 and received a cash bonus of £422,000 during that time. Similarly, finance director Paul Venables took a £200,000 [...]