Staffline helped by Welfare to Work and growing recruitment September 4, 2013 RECRUITMENT and outsourcing group Staffline yesterday topped forecasts with a 32 per cent surge in underlying profits for the first six months of the year. Revenues rose 14 per cent to £187.2m, while underlying profits before tax jumped to £4.9m. Staffline said its Welfare to Work programme in Birmingham delivered “significant numbers of long term [...]
Safestore bullish despite drop in revenues as names new boss September 4, 2013 SAFESTORE, a provider of self-storage for both personal and business customers, yesterday said they were confident for the full year despite a decline in third-quarter revenue. The company, which operates over 100 self-storage centres in London, saw revenue slip to £24.3m in the past three months, compared to £24.9m a year ago. The company said [...]
City Moves for 05 September 2013 | Who’s switching jobs September 4, 2013 PwC The professional services firm has announced the appointment of Lindsay J’afari-Pak as a partner to lead its tax services to the life insurance industry. J’afari-Pak was most recently at Friends Life Group, where she was group tax director. UBS Global Asset Management Nick Rider has joined the asset management business as institutional sales director. Rider [...]
Best of the brokers for 05 September 2013 September 4, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com PACE Numis tells investors to “sell” shares in the set-top box maker, warning that a glut of disruptive TV platforms from Apple, Intel and Sony is threatening to unsettle the firm’s market. The broker has a target of 200p. SALAMANDER ENERGY Morgan Stanley [...]
London Report: Blue chips end higher despite airline plunge September 4, 2013 THE FTSE top 100 steadied yesterday, paring early losses after a stronger open in the United States but dogged by an airline sector weakened by a profit warning from budget carrier Ryanair. The FTSE 100, which had been 0.6 per cent lower at midday, retraced its losses entirely in the first hour of trading on [...]
New York Report: Syria pause and car sales data lift stocks September 4, 2013 U S stocks rose for a second day yesterday as a possible military action in Syria was seen as limited and strong auto sales lifted investor confidence in the US economy. The US Senate Foreign Relations Committee approved a resolution authorizing a limited U.S. military intervention in Syria, setting the stage for a debate in [...]
Gizmos to get the brain in gear September 4, 2013 The kids suffering from end of summer blues? Alex Dymoke chooses eight gadgets to help ease in the new academic year Seagate ultra-portable external hard drive 500GB £145.00 Losing unsaved work is every student’s worst nightmare. Take no chances with this usefully pocket-sized external hard drive from Seagate. amazon.co.uk Samsung Chromebook £229.00 If the Macbook [...]
The appiest days of your life: Five of the best educational apps September 4, 2013 Studyblue Studyblue allows users to create electronic flashcards that are great for revision. The creators claim to have tailored their app to the specific learning requirements of children who have grown up with the internet. Notes are stored in the cloud and students studying the same subjects are able to help each other. Duolingo Duolingo [...]
Any Other Business – 05/09 September 4, 2013 It was battle of the music firms yesterday, as the Ministry of Sound announced it was starting legal proceedings in the High Court against streaming music firm Spotify. “The action has been brought on Spotify because it is making available playlists that copy well known Ministry of Sound compilations” said the Ministry yesterday. Spotify meanwhile [...]
The legacy of Hugo Chavez: Venezuela now has the world’s worst public institutions September 4, 2013 On the passing of Hugo Chavez this March, we looked briefly at his economic legacy, and the performance of Venezuela against its South American neighbours. The latest World Economic Forum global competitiveness report, released today, is even more striking. Out of 148 countries, here's how Venezuela's institutions fare: 148th for property rights 148th for the [...]