Service sector business adds to employment as cheer returns November 25, 2012 FIRMS are planning to boost employment over the three months from November, data revealed today, just as optimism swung back into the positive regions. A net balance of seven per cent of firms working in consumer services planned to add to their workforce in the next three months, the data from the Confederation of British [...]
Firms want to support police November 25, 2012 NEW POLICE and Crime Commissioners (PCCs) should consider using the private sector to drive down the costs of non-core police work, the country’s top business lobby said this morning. The police could save some £1.5bn, the Confederation of British Industry (CBI) said, by opening up back office services such as human resources, finance, procurement and [...]
Save as you earn schemes fall November 25, 2012 The number of UK firms offering their employees Save As You Earn (SAYE) share option schemes has fallen by 15 per cent in the last year despite a push by the government for more of them, according to data released today. Just 510 companies offered SAYE schemes to their employees in 2010-11 compared to 600 [...]
Nissan taking Infiniti to Brazil November 25, 2012 Japan’s Nissan Motor Co said it plans to sell its Infiniti brand of luxury cars in Brazil starting in 2014, joining a number of automakers targeting the country’s buoyant high-end consumer market. The company, which is building a new manufacturing plant in Rio de Janeiro, said it will open two Infiniti dealerships in Sao Paulo [...]
CiU heading for Catalonia win November 25, 2012 The ruling Convergence and Union alliance, or CiU, was expected to get the most votes in regional elections in ‘s Catalonia yesterday, according to an exit poll by TV3, Catalan public television. CiU, whose leader Artur Mas says he will call a referendum on Catalan independence from Spain, was seen winning 54-57 seats in the [...]
City Moves | Who’s switching jobs November 25, 2012 Pioneer Investments The investment firm has announced three new hires. Hiromi Wada (right) joins from Itau Japan Asset Management. Martin Park joins from HSBC Global Asset Management. He has also held roles at Citibank. Finally, Matthew Marks joins from Prudential Asset Management. Caxton FX Tim Cooke has been appointed non-executive director at the foreign exchange [...]
Best of the Brokers November 25, 2012 LONMIN UBS rates the miner “sell” and has cut its price target from 260p to 240p. The broker thinks Lonmin will hit output targets and see price growth, but the new management team have not yet done enough to ensure the firm recovers. HOMESERVE N+1 Singer has lowered its rating on the repairs and insurance [...]
Tata Steel to cut 900 UK jobs November 23, 2012 Tata Steel is to cut 900 jobs in the UK, including 580 jobs at its Port Talbot site in South Wales as part of a restructuring plan. It will cut 12 steel finishing and processing sites in England and Wales as part of the proposals. Other areas implicated by the steel manufacturer’s job cuts include [...]
EU budget summit ends without deal November 23, 2012 EU summit talks collapsed this afternoon, as leaders abandoned talks to find a deal on the currency bloc’s next long-term budget. The failure to agree a budget for the 2014-2020 period meant European Council President Herman Van Rompuy ended the summit. Talks are expected to resume early next year. It is understood that disagreement focused [...]
BP appoints Lamar McKay as new head of upstream November 23, 2012 Oil major BP said today it had appointed Lamar McKay in the newly-created role of head of upstream, in a reorganisation of its oil and gas production operations. McKay, who will take up the role in January, will lead the upstream business in a reinstatement of a role that was abolished in 2010 after the [...]