Slump drags finance jobs to eight-year low January 7, 2013 THE COLLAPSE in UK finance jobs continued apace in December, with the number of persons working in regulated jobs falling to its lowest level since 2004, according to new data published yesterday. Just 153,835 people are now on the Financial Services Authority’s approved persons list – down 10.6 per cent on the February 2008 peak, [...]
It’s Magic: Boris Johnson launches breakfast campaign January 7, 2013 The Mayor’s Fund for London and Magic Breakfast has today launched a campaign to provide 5,000 children with free healthy breakfasts across London’s most disadvantaged areas. Ninety-three per cent of teachers say they have noticed an improvement in behaviour and concentration from children who have had a good breakfast. Mayor of London Boris Johnson said: [...]
Goldman says austerity plan is slower than peers’ January 7, 2013 THE SPENDING cuts and tax hikes scheduled to hit the UK in 2013 are milder than most other advanced economies, according to a Goldman Sachs research note out yesterday. Fiscal policy is planned have a tightening effect of about one per cent of GDP this year, Goldman estimates, as the government brings the budget deficit down [...]
Daft planning rules are pushing up the price of food in shops January 7, 2013 IF you travelled abroad over Christmas, you will have noticed that goods in shops are often cheaper than in the UK. A uSwitch survey cited by the Institute of Economic Affairs shows that a food basket costs roughly a fifth more in the UK than it does in Germany, France and the Netherlands. Once again, [...]
Balfour Beatty chief to hand reins to deputy January 7, 2013 BALFOUR Beatty last night said Ian Tyler will step down from his role as chief executive on 31 March, marking the end of an eight year stretch at the top of the FTSE 250-listed infrastructure group. Tyler will hand the reins to deputy chief executive Andrew McNaughton before “exploring new opportunities outside Balfour Beatty”, he [...]
Birds Eye boss to step down January 7, 2013 MARTIN Glenn, the boss of Iglo Group, which includes Birds Eye foods, is quitting after six years running the company. The chief executive will leave in the next few months, Sky reported last night, after leading the company through the recession and austerity. Birds Eye products have done well in straitened times, as cash-strapped consumers [...]
Ernst & Young probed by US January 7, 2013 THE US Securities and Exchange Commission (SEC) is investigating whether accountancy firm Ernst & Young violated auditor rules by letting its lobbying unit perform work for several major audit clients, according to Reuters. US rules bar auditors from serving in an “advocacy role” for audit clients. An SEC spokesman declined to comment. An Ernst & [...]
What the other papers say this morning January 7, 2013 FINANCIAL TIMES Icelandic raider pleads not guilty Jón Ásgeir Jóhannesson, the Icelandic corporate raider who used to own large parts of the UK high street, has pleaded not guilty as one of the most notorious sagas in the collapse of the Icelandic banking system came to court. Obama announces new security team Barack Obama has [...]
App Store has made $10bn in sales for Apple January 7, 2013 APPLE has seen more than $10bn (£6.2bn) spent on apps since it launched its App Store four and a half years ago. The iPad and iPhone maker said that more than 40bn apps have been downloaded since July 2008, and that the rate is increasing, with nearly 20bn of those downloads occurring in 2012 alone. [...]
Citi’s Corbat hires new exec team January 7, 2013 CITI’S new chief executive Michael Corbat yesterday announced a root and branch overhaul of the bank’s senior leadership team just three months into his tenure at the firm. Corbat, who replaced former chief executive Vikram Pandit after his high profile exit in October, has promoted Citi veterans Jamie Forese and Manuel Medina-Mora to be his [...]
