The 10 tips to make sure that you perform at that vital job interview May 27, 2009 JOB interviews are terrifying at the best of times. In a depressed job market where interviews are few and far between, it’s even more important to be an expert in getting them right. The first thing, of course, is getting the interview. “If you’re out of work looking for work, flexibility is the key right [...]
Ombudsman registers jump in insurance firm complaints May 27, 2009 COMPLAINTS about insurance companies rose by 84 per cent last year as firms tightened their belts during the economic crisis, sometimes at the expense of customer services. A Financial Ombudsman Service report, published yesterday, says it handled a record 127,471 new disputes about firms in all sectors over the last year and a staggering 789,877 [...]
NYSE Euronext gets go ahead for derivatives clearing house May 27, 2009 NYSE EURONEXT has received approval from the FSA to launch NYSE Liffe Clearing, a clearing house for its London derivatives market. NYSE Liffe Clearing is due to launch on 27 July, subject to a period of review, as a new division of NYSE Liffe. “The new clearing arrangements will enable us for the first time [...]
BEST OF THE BROKERS May 27, 2009 MARSTON’SKBC Peel Hunt highlights Marston’s as the only pub company that has maintained its dividend, but also not chosen to raises new equity. The analysts argue that management has demonstrated its commitment to moving cash in the right direction, and argue the shares current level offers a buying opportunity. Ups target price to 200p. AVEVAInvestec [...]
REWARDS FOR FAILURE AT BT May 27, 2009 PRESSURE was mounting on BT yesterday, after the struggling telecoms giant revealed that the former head of its loss-making Global Services division (BTGS) received a pay packet totalling £2.85m in 2008. Ahead of the company’s annual general meeting in July, shareholders said Francois Barrault’s annual package – which included a £1.59m termination pay off – [...]
Opel talks stall as job row looms May 27, 2009 GENERAL Motors was last night locked in talks with German chancellor Angela Merkel, US government representatives and potential bidders for GM’s European Opel unit, in an effort to rescue the division, even as a row over likely job losses was brewing. The talks in Merkel’s Berlin office were focused on identifying the best bidder of [...]
Fresh row in TNK-BP saga May 27, 2009 THE acrimony between BP and its partners in the TNK-BP joint venture flared up anew yesterday as a group of Russian shareholders put up their own candidate to rival the British company’s choice of chief executive. BP unveiled Pavel Skitovich, a former head of Russian mining firm Polyus Gold, as its choice to lead the [...]
Sterling’s long decline comes to an end May 27, 2009 IT may seem strange given the dire state of Britain’s public finances but sterling is starting to regain some of its strength, especially against the dollar. Yesterday the pound rose above $1.60 for the first time in seven months, boosted by better services sector sentiment and mortgage approvals. Sterling is now trading well above its [...]
BoA nears capital target May 27, 2009 BANK of America (BoA) yesterday moved another step closer to raising the $33.9bn (£21bn) that US regulators say it needs, after it reached an agreement to convert $5.9bn of preference shares into common stock, bringing the total it has raised to nearly $26bn. BoA was told to raise the funds after stress tests by US [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 27, 2009 FINANCIAL TIMES MISYS PUTS NEW FINANCE IN PLACE FOR ALLSCRIPTSMisys, the banking and healthcare software group, has refinanced the debt package it agreed in the wake of the collapse of Lehman Brothers last year. The $210m (£131m) three-year deal replaces a $325m package to secure the acquisition of Allscripts, the US clinical software record provider, [...]