Michael Page profit rise fuelled by full-time jobs July 11, 2011 British recruitment company Michael Page International posted a 32 per cent jump in second-quarter gross profit, driven largely by a rise in permanent placements in the period. Michael Page, which finds jobs for people in the financial, accounting and legal services sectors, said it expected 2011 profit to be broadly in line with current market [...]
Southern Cross to close as landlords jump ship July 11, 2011 Embattled British care homes operator Southern Cross Healthcare said it would close down after all of its landlords deserted the embattled group. Southern Cross said in a statement that it would ensure that its 31,000 residents would continue to be cared for, and the interests of the employees of its 752 care homes safeguarded, as [...]
Renault boosted by sales outside Europe July 11, 2011 French carmaker Renault edged its full-year forecast for the global market lower on Monday as growth outside Europe helped its own first-half sales of cars and light commercial vehicles rise 1.9 per cent. Renault, whose partner is Japan’s Nissan Motor, forecast diverging trends between Europe and the rest of the world in the second half, [...]
Murdoch: She is my top priority July 10, 2011 THE News of the World may have printed the final edition in its 168-year-old history but the political maelstrom raging around the phone hacking scandal continues to gather pace. Rupert Murdoch flew into the UK yesterday for emergency talks with Rebekah Brooks, head of his UK newspaper business News International, amid growing concerns the scandal [...]
Italy cracks down on short-sellers July 10, 2011 ITALY’S stock market regulator Consob yesterday rushed through tough new rules on short-selling after Friday’s wave of panic selling of bank shares unsettled markets and sparked fears of contagion. In a desperate bid to prevent the Eurozone sovereign debt crisis from engulfing Italy, Consob ruled that from today until 9 September market operators will have [...]
US debt talks hit a setback July 10, 2011 US PRESIDENT Barack Obama was forced back to the drawing board yesterday after Republicans pulled out of a bipartisan plan to cut $4 trillion (£2.5 trillion) from the government deficit over the coming decade. House of Representatives speaker John Boehner told the Democratic president he would only pursue a smaller, $2 trillion package, similar to [...]
Media in turmoil as BSkyB bid falters July 10, 2011 THESE are bad times for David Cameron, who has been engulfed by the hacking scandal and is faltering in the opinion polls – but they are even worse for the media industry, which is now undergoing what will eventually be recognised as its very own Lehman Brothers moment, courtesy of a small but despicable minority [...]
Jain poised for DB throne July 10, 2011 DEUTSCHE Bank is nearing the end of a long search for a new chief executive, with Anshu Jain, head of the UK investment bank, understood to be on the cusp of being appointed co-head of the group. After a weekend of crunch board talks, Jain is likely to be one of two candidates to replace [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 10, 2011 FINANCIAL TIMES VIRGIN SEEKS US ROLE Virgin Trains is vying to play a role in the privatisation of the US rail industry in a move that could see it become the operator of the lucrative 457-mile route from Washington to Boston. Virgin, which already runs the profitable West Coast railway line between London and Glasgow [...]
Australia unveils carbon tax July 10, 2011 Australia’s Prime Minister Julia Gillard yesterday revealed plans to tax carbon emissions from the nation’s worst polluters, with the largest emissions trade scheme outside Europe. The government said 500 companies including steel and aluminium manufacturers would pay a A$23 (£15) per tonne carbon tax from next year, rising by 2.5 per cent a year, moving [...]
