London finance and professional services jobs are topping pre-crisis high February 18, 2014 THE TOTAL number of jobs in finance and related professional services in London finally broke through pre-crisis levels last year, as the sector is lifted by the British economy’s upswing. According to figures from by TheCityUK seen exclusively by City A.M, employment in the sector swelled by two per cent in 2013, pushing above the [...]
DEAL FRENZY: Pets At Home lines up to follow King, Poundland and ISS to market February 18, 2014 STOCK markets roared back into life yesterday after discount retailer Poundland, Candy Crush Saga producer King Digital Entertainment, and services firm ISS fired the starting gun on flotation plans, with UK pet store Pets at Home expected to follow suit as soon as today. UK retailer Poundland revealed plans to list in London in March, [...]
West calls for order in Kiev as violent clashes continue February 18, 2014 VIOLENT protests in Ukraine continued throughout the night as politicians failed to reach an agreement and put an end to the bloodshed in the capital city Kiev. Clashes between authorities and protesters began after riot police stormed an anti-government camp in Kiev yesterday. Reports suggest around 25,000 people were in the camp at the time. [...]
We must help the poor – but hurting the rich makes no sense February 18, 2014 MORE Ferraris are now sold in the UK than in any other European country. No fewer than 677 of the Italian supercars were delivered to the UK, out of total global sales of 7,000, more even than Germany, home of autobahns with no speed limits. Many people will be upset at this. Real wages are [...]
Metro Bank in running for PwC bank contract February 18, 2014 METRO Bank, RBS and Santander are understood to be among the banks bidding for PwC’s business, as the professional services firm shakes up its finance relationships. The changes come as PwC takes on HSBC as an audit client, and so can no longer bank with the firm. PwC also audits Barclays and Lloyds, narrowing the field in [...]
Swiss migrant rule attacked February 18, 2014 THE SWISS government’s decision to impose quotas on immigration will have a negative impact on its credit rating, according to rating agency Moody’s. “Limiting immigration is likely to affect the country’s growth potential, wealth and overall economic strength,” the agency said yesterday. It expects that immigration has helped Switzerland to counter the effects of its aging [...]
Lawyer salaries reach £108,690 February 18, 2014 THE AVERAGE salary in the legal sector has risen by £5,000 over the past year, a five per cent increase from the previous 12 months. The jump means that the average UK lawyer’s salary now comes in at £108,690, up from £103,450 in 2012-13, according to legal recruiter Laurence Simons. But bonuses are not following [...]
What the other papers say this morning – 19 February 2014 February 18, 2014 FINANCIAL TIMES Coca-Cola to cut $1bn as profit slips Coca-Cola said it would cut another $1bn in costs by 2016 as it reported an 8.4 per cent drop in fourth-quarter profit. Earnings at the world’s largest drinks company were hit in its latest quarter and in 2013 by the spin-off of its bottling operations in [...]
Fed sets tough new rules for foreign banks February 18, 2014 THE FEDERAL Reserve has voted through tough new rules for foreign banks which will require them to adhere to more stringent capital and liquidity standards. The rules, which already apply to US bank holding companies, will hit around 100 foreign banks with at least $50bn in assets. Between 15 and 20 of those 100 banks will [...]
Man dies in fall from JP Morgan in Hong Kong February 18, 2014 A SUPPORT worker at JP Morgan died yesterday in a fall from the roof of the bank’s Hong Kong headquarters. The man is believed to have worked in middle office functions at the giant investment bank. The 33-year-old died in the early afternoon local time. It is understood that security staff had tried to talk the [...]
