City workers expect higher bonus in 2010 October 11, 2010 CITY workers are approaching the bonus season with more confidence than they were last year thanks to an improvement in the financial services job market, according to two new reports. City recruitment company Morgan McKinley found 88 per cent of City workers expected to receive a bonus, up six per cent from last year, while [...]
Wood Group heralds pick-up October 11, 2010 Oil and gas services contractor John Wood Group yesterday forecasted a pick-up in its engineering business in the second half of the year as oil and gas companies launch more projects. Wood expects higher levels of potential work and recent contract wins, such as the detailed design for Chevron’s Jack and St Malo deepwater facility [...]
Qinetiq sells US security business to ManTech October 11, 2010 DEFENCE firm Qinetiq has completed the sale of its US security and intelligence services (S&IS) business, to ManTech International for $60m (£37.7m). The deal will see the disposal of Qinetiq’s American service, which provides security solutions to the US Department of Defence. ManTech, one of the US government’s leading providers for security technology, has agreed [...]
CITY MOVES | WHO’S SWITCHING JOBS October 11, 2010 Throgmorton The professional services group has hired Roger Looker, the former chair of Harlequins rugby club, as a non-executive director, and Adam Hewitson as its new internal legal counsel. Looker, pictured, previously founded two corporate finance boutiques, Gilbert Elliot Corporate Finance and Stafford Corporate Consulting, and chaired Harlequins for a decade between 1987 and 1997. [...]
ALL ABOARD October 11, 2010 The QUEEN has officially named Cunard’s 92,000-tonne Queen Elizabeth liner, the cruise company’s third new ship in six years. The monarch named the vessel in a quayside ceremony at Southampton. Cunard ordered the ship to meet growing demand for cruise holidays, with 1.5m Britons booking last year. The ceremony came 72 years after the Queen [...]
PREPARING FOR WINTER | HOW TO MAKE YOUR SKIN GLOW October 11, 2010 After a blazing few days, our Indian summer is over and it’s time to start thinking about ways other than a deep tan to get a healthy glow. Hungarian brand Omorovicza’s beautiful Illuminating Moisturiser (£83, Liberty), with plum oil and apple pectin, is a brilliant moisture boost, with a light-diffusing effect that will make you [...]
BETFAIR IN THREAT TO QUIT THE UK October 11, 2010 BETFAIR may quit the UK over a proposed tax increase and government inaction over offshore gambling websites, it emerged over the weekend. City A.M. understands the online bookmaker, which only last week confirmed it would go ahead with a planned £1.5bn flotation on the stock market, has drawn up a contingency plan that could see [...]
GREEN: PUBLIC SECTOR IS WASTING MILLIONS October 11, 2010 DAVID Cameron will this morning vow to overhaul decades of wasteful public spending following a damning review by retail tycoon Sir Philip Green. Green, who was given access to departments’ accounts, will accuse the public sector of lacking a coherent spending plan. He will call for a shake-up of the government’s property leasing strategy and [...]
Labour makes tax promise October 11, 2010 ED Miliband yesterday promised there would be no new personal tax rises if Labour wins the next election. His pledge, which has echoes of Tony Blair’s famous promise not to hike income tax, comes as the new Labour leader tries to appeal to thecentre ground. “I’m not proposing rises in personal taxation beyond those set [...]
Why it is time for UK Universities plc October 11, 2010 HIGHER education ought to be one of Britain’s flagship industries. On the face of it, the UK’s universities are already doing well, educating large numbers of overseas students and in most cases charging them high fees, generating vast amounts of export earnings for the UK. Many are expanding, with the University of Nottingham operating a [...]
