New year, new employees, as London’s hiring intentions place above the national average, although the capital is outpaced by the Northern Powerhouse December 8, 2015 London can expect a jobs boom in early 2016, with employer’s hiring intentions higher than those of the national average. A report out today by Manpower, based on responses from 2,102 UK employers, has found that London’s seasonally adjusted employment outlook is nine per cent, which is the net proportion of employers in the region [...]
Storm Desmond’s floods could cost insurers between £175m and £250m, says PwC, highlighting the need for continued investment in flood defences and insurance mechanisms, such as Flood Re December 7, 2015 Audit giant PwC has pegged the estimated insurance costs of flooding caused by Storm Desmond at around £175m to £250m. Based on its analysis of the costs of the previous floods, the professional services firm also estimated today that the total economic costs would be £400m to £450m. Top figures at the firm also said that [...]
Toshiba could face record-breaking fine of 7.37bn yen (£40m) following false statements about its profits December 7, 2015 Japanese technology giant Toshiba could be slapped with a fine of 7.37bn yen (£40m) for false statements about its profits. The Securities and Exchange Surveillance Commission (SESC) today made a recommendation for the fine to the Financial Services Agency (FSA). The accounting scandal first came to light in April when questions were raised around the [...]
Permanent placements rocket up at their fastest rate for seven months while pay also increases December 7, 2015 Permanent job placements rose at their fastest rate for seven months in November, while pay also increased. According to a survey out today by the Recruitment and Employment Confederation (REC) and KPMG, 38 per cent of recruiters said they had placed more permanent staff during November than they did the month before, compared to 27 [...]
Almost half of firms failing to meet corporate governance standards, and not enough attention being paid to culture and values December 7, 2015 Almost half of FTSE 350 companies failed to measure up to all the standards in the Financial Reporting Council’s (FRC) UK Corporate Governance Code. In a report out today by professional services firm Grant Thornton, only 57 per cent of the 312 FTSE 350 companies with years ending between June 2014 and June 2015 studied [...]
Storm Desmond flooding: As claims creep in, insurers assure consumers they are already ready for winter’s bad weather December 6, 2015 The Association of British Insurers (ABI) reassured consumers on Saturday that the industry had been braced for bad weather. “Insurers expect bad weather during the winter and will be geared up to help customers who have suffered flood and storm damage recover as quickly as possible,” remarked Malcolm Tarling, a spokesperson for the ABI, in a [...]
Public Accounts Committee report: MPs warn Ministry of Defence that there is still more to do stabilise its budget December 4, 2015 The Public Accounts Committee (PAC) urged the Ministry of Defence (MoD) to further safeguard the stability of its budget in a report out today. The report is in response to an inquiry into the steps the MoD had taken to plug a £38bn gap between the funding the department expected and the costs forecast for defence [...]
Zero hours contracts are not all bad, as staff report being just as satisfied as their permanent, full-time counterparts December 4, 2015 Staff on zero hours contracts are just as contented with their work as their permanent, full-time counterparts. According to research released today from the Chartered Institute of Personnel and Development (CIPD), 65 per cent of zero hours staff said they were either satisfied or very satisfied with their jobs, compared to 63 per cent of employees overall. [...]
Being in the office over Christmas is no fun, say workers, as 84 per cent believe businesses should do more to embrace the spirit of the season December 3, 2015 If you wish you felt more of that festive feeling while at work, you're not alone. A survey by CV-Library shown exclusively to City A.M. discovered that 84 per cent of employees believe businesses should make more of an effort to embrace the Christmas spirit if they cannot shut the office doors for the festive season. Two [...]
Employees really want some extra annual leave, but finance chiefs think they would like more flexible hours December 3, 2015 A few more days off comes top of employees' workplace wishlists, according to a survey released today by recruitment firm Robert Half. When asked what perks they would appreciate the most from their employer, with the caveat that they were not allowed to plump for extra cash, 40 per cent said they would like more annual [...]
