Williams axe Senna for test driver November 28, 2012 FORMULA ONE: Williams have confirmed that Finnish driver Valtteri Bottas will replace Bruno Senna next season. The 23-year-old, who worked as test driver for Williams last year, will partner Venezuelan Pastor Maldonado.
Mourinho is best paid manager November 28, 2012 FOOTBALL: Real Madrid manager Jose Mourinho’s £12.3m salary makes him the best paid in the world, according to a Brazilian survey. Manchester United boss Sir Alex Ferguson is fourth on £7.6m, with Arsenal’s Arsene Wenger fifth on £7.5m. Harry Redknapp’s appointment at QPR puts him in fourteenth spot, with a yearly pay packet of £3.2m.
Recession shouldn’t stop tech innovation November 28, 2012 THE financial crisis has forced companies to operate in new and challenging environments. Many are now leaner organisations, the result of significant cutbacks in both staff and operations. But a simple trimming down is not a solution for the medium or longer term. A lot of companies are still clinging to in-house research and development [...]
A business model for a low growth world November 28, 2012 FACED with the most severe downturn since the 1930s, corporate confidence has declined. Recent research from Ernst and Young revealed that company executives are more pessimistic about the current state of the global economy now than they were a year ago. But more interestingly, given the Bank of England’s recent growth forecast, over 78 per [...]
Firms can weather the storm and thrive despite the current climate November 28, 2012 Q What questions should businesses consider when planning investment during a difficult economic period? A The Institute for Fiscal studies said this week that the current economic environment – “austerity” – is likely to be with us until 2018. Organisations will thrive if they embrace this outlook and design into their processes, people and infrastructure [...]
There are rays of hope in a sluggish City jobs market November 28, 2012 CONSIDERING the current employment climate in the City, and the ruthless job cuts hitting the headlines, you would be forgiven for considering packing your bags and taking an early retirement in the country. A report released by Roland Berger Strategy Consultants last week showed that investment banks are set to lose another 40,000 jobs in [...]
Jobs of the Week November 28, 2012 COMPLIANCE ANALYST LONDON £60k-£84k pa A global financial services firm is looking to recruit a compliance analyst on a six month rolling contract. Knowledge and/or experience of UK and European regulation is essential. http://www.cityamcareers.com/job/32217 FIXED INCOME QUANT LONDON £100k pa, plus equity A 12 man start-up company is looking to recruit someone with strong fixed [...]
Nestle turns to China in bid for herbal remedy November 28, 2012 THE HEALTH unit of Nestle yesterday launched a tie-up with a company that specialises in traditional Chinese medicine in a bid to develop novel medicines derived from plants. Nestle Health Science is expected to plough at least £100m into the joint venture with London-listed Chi-Med, which creates a new company called Nutrition Science Partners (NSP). [...]
Luxury firm PPR close to a deal to sell off Redcats plus-size unit November 28, 2012 THE Redcats mail order unit of French retail and luxury group PPR SA is in late-stage talks to sell its plus-size fashion business to Boston-based private equity firm Charlesbank, according to four sources. The deal for OneStopPlus will likely be between $400m and $500m (£250m to £300m), the sources said. Earlier this month, PPR’s Redcats [...]
Gatwick looks to grow through single runway as traffic rises November 28, 2012 GATWICK executives talked up the airport’s chances of competing with London’s biggest hubs yesterday as the firm posted rising revenues and traffic. Britain’s second-biggest airport said passengers rose 1.2 per cent on last year to 19.9m in the half-year to the end of September. Turnover jumped 3.6 per cent to £325.8m, helped in part by [...]
