DO YOU THINK BRITAIN NEEDS MORE ADVANCED MATHEMATICIANS? June 29, 2011 AMAR SUMARIA | LLOYDS “Yes, definitely; I did a Masters in maths. However, I think problems actually come from primary schools. Children aren’t challenged from a young age and subjects such as maths become unpopular with students when deciding what to study.” ANGUS MACKENZIE | AON UK “Yes, I feel I would have benefitted had [...]
Why the City must invest in maths June 29, 2011 THE refined surroundings of the Royal Society are a world apart from the scenes of protest that will dominate Westminster today. Yet this is where Michael Gove, the education secretary, has come to announce his intention to put maths at the heart of the curriculum. His aides say he decided to press ahead with the [...]
Betfair romps home with hike in profits June 29, 2011 BETFAIR responded in the best possible way to the news its chief executive is to step down, racing ahead of analyst forecasts to post record full-year results. The online gaming firm posted pre-tax profits of £26.6m, an increase of almost 50 per cent on the previous year. Revenue grew by eight per cent to £368.6m. [...]
Pay for Sony’s boss Stringer is slashed by 16pc June 29, 2011 SONY boss Howard Stringer took a 16 per cent pay cut last year as he led the struggling electronics giant to its third consecutive full-year loss. Welsh-born Stringer, who has endured intense criticism over the firm’s handling of a massive cyber attack earlier this year, saw his salary and bonus package fall to £2.7m, from [...]
ANALYST VIEWS: IS THIS THE START OF THE BETFAIR TURNAROUND? June 29, 2011 IVOR JONES | NUMIS Current trading, against the World Cup last year, is weak and we believe that the share will tread water at best following these results and will continue to do so until there is clear delivery on the strategic plans referred to in today’s statement. NICK BATRAM | PEEL HUNT Results came [...]
Tote boss takes reins at Betfred after auction June 29, 2011 TREVOR Beaumont, head of the Tote betting pool, became chief executive of Betfred yesterday in a move that will smooth the integration of the two companies and aid Betfred’s relations with the racing industry. Beaumont has been appointed to the newly-created role after Betfred scooped the government’s auction of the Tote last month in a [...]
Mayor to back Saatchi’s office revamp plans June 29, 2011 SAATCHI & SAATCHI looks set to press ahead with plans to redevelop its Fitzrovia offices after Mayor of London Boris Johnson signalled he will approve the scheme. Camden Council had rejected the proposals after residents raised concerns that the area is already over developed and will suffer from the extra workers. The ad agency wants to almost [...]
TWITTER FOUNDERS STATE THE OBVIOUS June 29, 2011 Twitter co-founders Biz Stone and Evan Williams plan to revive Obvious, the company they conceived years ago as a technology project incubator that eventually spawned Twitter. Stone and Williams will continue to advise Twitter on strategic matters, but devote the lion’s share of their time to The Obvious Corporation.
CITY MOVES | WHO’S SWITCHING JOBS | WHO’S SWITCHING JOBS June 29, 2011 LSCA Grant Jones, a partner at accountancy firm Cooper Parry, has been appointed as the new president of the London Society of Chartered Accountants, as announced at the body’s recent AGM. The other office holders announced include David Symes, managing director of compliance recruitment solutions, as deputy president and Naima Siddiqi, a director at corporate [...]
BEST OF THE BROKERS June 29, 2011 CARREFOUR Nomura sees the supermarket’s full-year growth target as overly ambitious, and initiates coverage with a neutral rating and a target price of €29 including its Dia arm. Though the broker believes Carrefour will miss its targets, the prospect of potential asset disposals and M&A are limiting the stock’s downside. MAIL.RU Morgan Stanley sees the [...]
