Harvey Nash lifts dividend as profits grow February 13, 2013 GLOBAL specialist recruiter Harvey Nash said yesterday it plans to increase its final dividend by 10 per cent after it posted a slight increase in full-year profits, adding that its full-year results would be ahead of expectations. Pre-tax profit at the firm, which specialises in technology and IT service roles, is expected to rise to [...]
City Moves for 14 February 2013 | Who’s switching jobs February 13, 2013 KNG Securities The fixed income specialist has announced the appointment of Armando La Morgia as a head of structured finance. He joins from Hemera Capital Management, where he focused on residential mortgage-backed and consumer asset-backed securities. Lewis Silkin Alex Kelham will join the City law firm as senior associate in its sports group. Kelham spent [...]
IMF demands details on EU banking union February 13, 2013 THE EU must lay out a careful plan towards a banking union, ironing out disagreements and preparing thoroughly if the new system of regulation is to work smoothly, the International Monetary Fund (IMF) warned yesterday. A lack of good staff, a need for increased cooperation between national authorities and determining the exact nature of the [...]
Merkel vows to fight tax havens at next G8 meeting in the UK February 13, 2013 CHANCELLOR Angela Merkel took aim yesterday at multinational corporations that use tax rules in Europe and the United States to avoid payments and said the Group of Eight (G8) plans to fight tax havens. “It’s not right that giant global companies have huge sales here (in Germany), in all of Europe, in the United States [...]
December sees factory output rise in Eurozone February 13, 2013 EUROZONE factory output grew for the first time for five months in December, but analysts said the above-expectations rise would not stop GDP from contracting. Industrial production grew 0.7 per cent in the final month of 2012, Eurostat said yesterday, the first month of growth since August, and almost double consensus expectations. But Ben May [...]
Fall in the number of London workers that commute by car February 13, 2013 THE NUMBER of Londoners that drive to work has dropped by over seven per cent since the start of the millenium, according to Census data released yesterday. Over 1.1m residents in the capital used to drive a car or van to work according to the 2001 Census – yet the figure is now closer to [...]
UK has widest productivity gap since 1993 February 13, 2013 UK OUTPUT per hour in 2011 was further below the average of major economies than at any time since 1993, according to figures released yesterday. British output per worker trailed the G7 average by 21 per cent in 2011, the most recent year for which there is data, the Office for National Statistics (ONS) numbers [...]
Lift in US manufacturing and retail sales boost the economy February 13, 2013 US RETAIL sales continued their steady climb in the first month of 2013, according to data out yesterday. Like-for-like retail and food services sales climbed 0.1 per cent between December and January to cap off a 4.4 per cent improvement over the year, the US Census Bureau said. Looking at the three months ending with January [...]
Experts predict global growth is set to return in six months February 13, 2013 GLOBAL growth will return with a bang over the next six months, driven by emerging markets, according to a poll of experts out yesterday. The Ifo expectations index soared from 87.7 in the fourth quarter of 2012 to 107 in the first quarter of 2013, the highest result for seven quarters, and back to a [...]
Peugeot rules out asset sales as losses grow February 13, 2013 PSA Peugeot Citroen vowed to avoid further asset sales or government bailouts, insisting that cuts underway will be enough for it to recover from its biggest-ever full-year loss. Peugeot shares rose yesterday after the troubled carmaker said it burned through cash at the expected rate in 2012 and stuck by a pledge to halve that [...]