Jobs market in the City is beginning to stabilise, says survey August 17, 2009 THE NUMBER of new City jobs dropped by seven per cent month-on-month in July, but still hit its second highest level this year, according to a survey out today. Morgan McKinley’s employment monitor shows that, at 3,528, the number of new vacancies in the financial services sector was second only to June’s figure. “With employers’ [...]
DO MICHAEL PAGE’S RESULTS SPELL BETTER NEWS FOR THE JOBS MARKET? August 17, 2009 ROBERT MORTON INVESTECToday’s announcement covers another very difficult trading period, with activity continuing to weaken across the group. But, as with its peer group, Michael Page’s share price rests on recovery prospects rather than current trading, and we continue to rate the stock a “hold”. PAUL JONES PANMURE GORDONThe results were as expected. In terms [...]
Women graduates win work war August 17, 2009 Women graduates are weathering the financial storm more successfully than their male counterparts, a survey said yesterday. Around one in 10 men who graduated last summer have not found employment, while only 6.5 per cent of women are unemployed. Around 10,000 male graduates have couldn’t find work in the six months after they left university, [...]
Anglo Irish appoints new boss August 17, 2009 Nationalised Irish lender Anglo Irish Bank has appointed Australian banker Mike Aynsley as its new chief executive, the country’s finance minister Brian Lenihan said in a statement yesterday. Anglo, which was taken over by the government in January, has been without a chief executive since David Drumm resigned last December after a string of scandals. [...]
NYSE Euronext sees IPO pick-up August 17, 2009 NYSE Euronext sees encouraging signs for initial public offerings in 2010 as investors venture back into stocks, top executives at the company said yesterday. NYSE expects to have 20 IPOs by the end of year, up from the 15 so far in 2009, and sees continued demand for new offerings next year.
SPINVOX ACTIVIST KICKS UP A RUMPUS August 17, 2009 THE rumpus surrounding controversial voice-to-text messaging firm SpinVox continues apace. After the firm recently admitted some of its messages are translated into text manually by workers outside the UK, some former customers are up in arms – and I read on a techie blog that one in particular is spearheading a drive to persuade people [...]
CITY EYE August 17, 2009 DON’T LOOK DOWN: a resident descends the concrete staircase in the Cromwell Tower on the Barbican Estate. The tower, which stands 123 ft high, was built in 1973 and named after the historical Republican figure Oliver Cromwell.
FSA TO PROBE KEY BARCAP BONUS DEALS August 17, 2009 &9632; FSA will demand to see the contracts of five traders&9632; JP Morgan and Barclays Capital in row over poached staff&9632; Think tank calls for Commission to report on high earners CITY watchdog the Financial Services Authority (FSA) last night said it will demand to see the contracts of five traders being hired by Barclays [...]
GOODWIN BACK ON HOME TURF August 17, 2009 SIR Fred Goodwin has been pictured strolling the streets near his £3m Edinburgh home for the first time since he fled the country for the South of France amid a blaze of public hatred earlier this year. City A.M. revealed last week that the disgraced former Royal Bank of Scotland chief executive is already looking [...]
Bonus debate is heading out of control August 17, 2009 THE row over City bonuses shows no signs of petering out, certainly if the last 24 hours is anything to go by. Yesterday the focus of everybody’s attention was Bob Diamond’s BarCap and its £30m offer to hire Todd Edgar, a commodities trader, and four other members of his team. Edgar and his colleagues left [...]