The job hunt begins as City workers make most of recovery February 17, 2014 THE NUMBER of finance workers looking for a new job doubled in the last month as City staffers began the new year wanting to move up the career ladder, according to new figures out today. Recruiter Morgan McKinley found 8,328 professionals seeking a new position in January, up from 4,214 in December. The 98 per [...]
Essar plans cut price exit from London market February 17, 2014 ESSAR Energy looks set to be taken off the London market at a fraction of its entry price just four years ago, after a 70p-per-share plan was tabled yesterday by the embattled oil and power company’s biggest investor. Essar Global Fund Limited (EGFL) had indicated on Friday it was preparing a bid for the 22 [...]
Heston Blumenthal serves up a double helping of profits February 17, 2014 PROFITS at Heston Blumenthal’s business empire, which includes the three Michelin-starred Fat Duck restaurant and Knightsbridge’s Dinner, doubled to £2.3m in the year to June last year, accounts filed on Companies House show. The celebrity chef’s holding company SL6 reported a 14.2 per cent jump in sales to £12.8m. It paid out a dividend of [...]
Carney backs big bonuses for top successful bankers February 17, 2014 SENIOR bankers should get big bonuses as long as the money is spread out over several years and can be clawed back if they make mistakes, Bank of England governor Mark Carney said yesterday. His argument runs counter to much of the criticism of high pay for bankers, as he favours the payouts when they [...]
Salmond keeps contradicting himself on Scottish independence February 17, 2014 POLITICS is a nasty, brutish business – so I have no time for those Scottish nationalists who are now bleating about how badly they are being treated by the London and European establishments. The Scottish National Party (SNP) spent years poisoning many Scots against the UK, using half-truths and propaganda;it cannot now complain when the [...]
Banks pay out allowances February 17, 2014 UK BANKS are proceeding with their plans to pay special allowances to staff on top of bonuses, in a move agreed with the UK authorities to circumvent EU rules. The figures from Emolument.com show 34 per cent of British banks have so far paid the allowances – typically quarterly payments, based on a banker’s role [...]
Finance chiefs are best value February 17, 2014 THE BOSSES of finance firms are among the best value for money, according to a new study from pay specialists Patterson Associates. In the FTSE100 the index suggests HSBC saw the best value from its chief, with shareholders gaining £7,495 in value for every £1 paid to chief executive Stuart Gulliver. Barclays, Lloyds and RBS [...]
What the other papers say this morning – 17 February 2014 February 17, 2014 FINANCIAL TIMES Merkel backs EU internet services Momentum for a radical response to the National Security Agency spy scandal is building after Germany’s chancellor backed calls for European internet services that are walled off from the US. Angela Merkel said she would press François Hollande, the French president, to back a push for EU-based alternatives [...]
How Boohoo’s joined the queue of retailers flocking to market February 17, 2014 ONLINE fashion retailer boohoo.com is being groomed for a snap stock market flotation next month, joining the stampede of retail companies marching towards a London market listing this year. Boohoo.com, which is run by Manchester-based co-founders Carol Kane and Mahmud Kamani, is working with its financial broker Zeus Capital on plans for an initial public [...]
Government pledges £10m fund for small businesses hit by floods February 17, 2014 THE GOVERNMENT has announced a £10m funding package for small businesses affected by the floods, as Labour piles pressure on the PM to apply for emergency EU cash. A new hardship fund will be available to businesses in flooded areas that have been damaged by water or suffered loss of trade. Funded by the Department [...]
