UK Immigration Bill: Illegal workers face jail as part of crackdown on rogue migrants and employers August 24, 2015 The Government is raising the stakes in its crackdown on illegal working today, introducing new penalties for employers who give jobs to undocumented migrants. Immigration minister James Brokenshire will say: “Illegal workers will face the prospect of a prison term and rogue employers could have their businesses closed, have their licences removed, or face prosecution [...]
GVC claims progress in Bwin battle August 24, 2015 GVC HOLDINGS said it has made “significant progress” in its long-running battle with 888 Holdings to buy fellow gambling firm bwin.party. Bwin is the subject of rival bids from GVC and 888 Holdings as the two companies seek to grow and improve their economies of scale in the face of increased regulation. Aim-listed GVC had [...]
Insurance firm FBD sees earnings hit by increasingly difficult claims environment August 24, 2015 IRISH insurance group FBD yesterday reported a pre-tax loss of €96m (£71m) for the first six months of 2015, on what chief executive Fiona Muldoon called a “difficult day” for the firm and its shareholders. The company said in a statement: “The previously signalled claims uncertainty in Ireland has continued and deteriorated further. The existing [...]
Blinkx and you’ll miss it: online ad firm fails to meet expectations August 24, 2015 SHARES in Blinkx sank after the online video search and advertising company said second-quarter trading was below expectations and it expected to post a first-half operating loss. The Aim-listed stock dropped 17 per cent to 22p yesterday after saying growth in its core business was unlikely to offset declines in non-core areas that are being [...]
Advertised pay drops as firms seek retention August 24, 2015 UK FIRMS are beginning to focus more on retaining staff than taking on new recruits, according to figures from job search website Adzuna. Advertised salaries fell to £33,873, in July, down 1.1 per cent compared with the same month last year, the company said today. The drop in salaries to a one-year low is evidence [...]
Volatile pound brings foreign-trade headache for small firms August 24, 2015 EXCHANGE-rate risk is presenting a major challenge to the UK’s smaller businesses, according to survey data released today by AFEX, a provider of foreign-currency management solutions. When trading internationally, 43 per cent of small and medium-sized firms (SMEs) said currency risk was their biggest challenge, up from 32 per cent last year. Currency risk arises [...]
Integrated Diagnostic Holdings reports its first half-year results August 24, 2015 INTEGRATED Diagnostic Holdings (IDH) yesterday released its first half-year results since it floated in May, posting increase revenue and profit. The medical diagnostic firm had revenue growth of 18 per cent, up from 416.8m Egyptian pounds (£33.8m) in the first six months of last year to 493.2m for the same period this year. Profit grew [...]
AstraZeneca appoints Bohen to chief medical officer position August 24, 2015 ASTRAZENECA yesterday appointed Sean Bohen as chief medical officer, giving him responsibility for patient safety at the firm. He will also become executive vice president at the group, with responsibility for the progression of the small molecules and biologics investigational medicines on AstraZeneca’s books through late-stage development to regulatory approval. Bohen will report to Pascal [...]
City Moves for 25 August 2015 | Who’s switching jobs August 24, 2015 Countrywide The property services firm has announced the appointment of Johnny Morris as its first research director. He joins from Hamptons International, part of the Countrywide Group, where he has been head of research since 2013. Mirabaud Asset Management The asset management firm has appointed Ken Nicholson to manage European small cap and mid cap [...]
US stocks sink as investors fret over China – New York Report August 24, 2015 US STOCK indexes plunged almost four per cent yesterday as investors, rattled about China’s economy, sold heavily in an unusually volatile session. The Dow Jones industrial average briefly slumped more than 1,000 points, its most dramatic intraday trading range ever, before clawing back some of the losses to close down 588.4 points, or 3.57 per [...]
