Klitschko lines up Povetkin fight August 12, 2013 BOXING: World heavyweight champion Wladimir Klitschko is set to fight undefeated Russian Alexander Povetkin on 5 October. Klitschko will defend his WBA title at Moscow’s Olympic Stadium.
UK economic recovery heads to regions August 11, 2013 BRITAIN’S economic recovery is continuing to intensify, with a raft of surveys this morning revealing increased optimism, growing consumer spending and growth across the UK. In a remarkable development showing that the rebound is now no longer confined to London and its commuter belt, Lloyds TSB’s regional purchasing managers’ index (PMI) for July implied the [...]
Top financial firms face EU gender quotas for their boards August 11, 2013 CITY financial firms will be forced to set targets for the number of men and women holding roles within their management bodies from January onwards, as the UK’s financial watchdog prepares to implement European reforms. Around 2,400 investment companies regulated by the Financial Conduct Authority and Prudential Regulation Authority will have to lay out [...]
Retail bosses fight back after Labour attack August 11, 2013 HIGH street giants Tesco and Next have lashed out at Labour after the party branded them “unscrupulous employers” and claimed they preferred cheap Eastern European staff over British workers. Shadow immigration minister Chris Bryant will today call out hiring procedures at the two firms as part of a wide-ranging attack on businesses that use [...]
Job figures take new role after Bank policy change August 11, 2013 AS UNEMPLOYMENT figures are announced this week, economists have suggested that an unpredicted rise or fall may throw off the Bank of England’s decision to peg decisions on interest rates to the rate of joblessness. New governor Mark Carney’s changes to monetary policy mean that interest rates are likely to be kept at 0.5 per [...]
We must be more meritocratic – but quotas are not the answer August 11, 2013 QUOTAS are the enemy of meritocracy and have no place in public companies. Giving people jobs or promoting them merely because they happen to belong to a particular group ought to be anathema to a free, liberal society in which people are treated and judged solely as individuals, regardless of their gender, race or any [...]
City hiring falls despite upturn across rest of UK August 11, 2013 THE FINANCIAL services sector is missing out on the rise in confidence across much of the rest of the economy, hitting job prospects, according to numbers out today from a leading recruiter. New jobs coming to the market fell 37 per cent in July compared with the same month in 2012, Morgan McKinley said, while [...]
Cable pushes for fines over late payments August 11, 2013 VINCE Cable is considering fining companies who do not settle invoices on time, it was reported last night. Under the plan, being considered as part of an autumn push on “responsible capitalism”, a firm that does not pay its suppliers on time could face legal action. A spokesman for the Department of Business, Innovation and [...]
What the other papers say this morning – 12 August 2013 August 11, 2013 FINANCIAL TIMES Air alliances rule out Heathrow move The world’s biggest airlines have ruled out moving from Heathrow to another UK airport, bolstering the chances of a highly contentious third runway being built at Europe’s busiest hub. All three global airline alliances have said they want to stay, even though some options being considered by [...]
Deloitte bets on rising growth to boost its profits August 11, 2013 PROFITS edged up at Deloitte LLP in the last year, the consultancy reported today, and the group expects the improving economy to give its fortunes a boost in the coming 12 months. Revenues increased eight per cent on the year to £2.5bn, driven by improvements in all five business divisions. The biggest gains came in [...]
