Number of City jobs plummets to a 16 year low May 8, 2012 FINANCIAL sector jobs in London are tumbling to their lowest level since 1996, according to estimates released this morning. The average number of roles in 2012 will be down by nearly 100,000 compared to the pre-crunch peak, the Centre for Economics and Business Research (CEBR) expects, as crisis in the Eurozone and harsh red tape [...]
Boris reveals new team for second term May 8, 2012 MAYOR Boris Johnson yesterday began his second term in office by reshuffling his top team and promising to put “jobs and growth” at the heart of his agenda. Johnson also announced the new position of deputy mayor for business and enterprise, which will be taken by his former policing chief Kit Malthouse. Malthouse is chairman [...]
America Movil offers €3.2bn for Dutch telco May 8, 2012 THE WORLD’S richest man has set his sights on Europe by offering to buy about a quarter of Dutch telecoms group KPN, sending its shares soaring. America Movil, the Fortune 500 telecoms giant owned by Mexican tycoon Carlos Slim, yesterday announced its intention to increase its holding in KPN from 4.8 per cent to 28 [...]
Companies can weather the online impact of a Twitter storm May 8, 2012 HOW much do Twitter storms affect brands? Looking at data on two brands from YouGov SoMA, the first social media audience measurement tool, reveals some extremely interesting findings. SoMA measures how many and what sort of people are hearing messages about brands on social media. The first example is Goldman Sachs, which follows the pattern [...]
Telecity shares drop over fears of a weak euro May 8, 2012 TELECITY’S shares dropped five per cent yesterday despite a positive interim statement from the data centre provider as investors fretted over the impact of the falling euro. The company delivered what Liberum analyst William Shirley called an unsurprisingly upbeat trading update, pointing to growth in both revenue and profitability. Telecity grew available customer power by [...]
Bwin.Party wins US online gaming deal May 8, 2012 BWIN.PARTY has planned its route into the US by signing a deal with a Californian casino operator. The gambling firm has agreed a partnership with the Thunder Valley Casino Resort, valid for ten years from the date online poker services are legalised in the US. The United Auburn Indian Community (UAIC), the federally recognised tribe [...]
Yahoo chief executive says he is sorry for embroidering his CV May 8, 2012 YAHOO chief executive Scott Thompson has apologised to his staff after being criticised for padding his CV. His apology came as Patti Hart, the Yahoo director who oversaw Thompson’s appointment, decided not to stand for re-election. In an internal memo to employees, the tech boss said: “I want you to know how deeply I regret [...]
New execs at BlackBerry May 8, 2012 RESEARCH In Motion has named chief marketing and operating officers as it looks to fashion a unified message ahead of the launch of its next-generation BlackBerry 10 smartphones later this year. Shares of RIM rose more than three per cent after it said Kristian Tear, who was an executive vice president of Sony Mobile Communications, [...]
I spy a glitzy new hotel May 8, 2012 GRAB your trench coat and an overnight bag. D&D London, the restaurant group founded by Terence Conran, is preparing to unveil its first London boutique hotel in the City and is keeping the launch of the site deliberately cryptic. But The Capitalist has been given a few clues about this mysterious new retreat. The 80-room [...]
Hunting shuffles the advisers May 8, 2012 OIL services group Hunting has ditched Jefferies Hoare Govett as a joint broker, replacing it with Deutsche Bank. The group’s decision is a blow for Jefferies, which had maintained that it would keep the majority of Hoare Govett’s broking clients following the switch from ownership by RBS. But the decision appears to have been made [...]
