Accountants to see pay soar in 2013 as demand for skills rises November 11, 2012 ACCOUNTANTS and finance workers will see strong pay growth this year, even as the wider jobs market remains sluggish, according to research out today from recruiters Robert Half. Changes like the introduction of pensions autoenrolment and a move towards global financial reporting and regulation means firms of all sizes are demanding more skilled finance staff. [...]
Stimulus on way for Switzerland November 11, 2012 The Swiss National Bank (SNB) is preparing to step in to boost growth, a top policymaker said, two months after the central bank cuts its 2012 GDP growth forecast to one per cent. Fritz Zurbruegg told the NZZ am Sonntag falling growth could merit monetary stimulus, though he did not give more details. The SNB [...]
Spain to scrap repossession push November 11, 2012 The Spanish state is set to stop the drive to foreclose on home loans after a woman committed suicide following an eviction. The government had been pushing banks to foreclose on bad loans in a drive to clean up their books and draw the financial crisis to a close. But the suicide on Friday of [...]
Women still rare in trading jobs November 11, 2012 More than 90 per cent of mid-level and senior managers in commodities trading are male, according to new research out today from recruiter Astbury Marsden. And only six per cent of managing directors in the City are female. “There is still a glass ceiling,” said Astbury Marsden’s Mark Cameron. “While this is still a major [...]
Hodge to quiz Google on tax amid questions about her family firm November 11, 2012 LEADING companies will today appear in parliament to answer questions on their alleged tax avoidance – but the Labour MP who summoned them faces questions about financial arrangements at her own family company. Margaret Hodge, head of the public accounts committee, is set to quiz representatives of Google, Starbucks and Amazon following claims the multinational [...]
HMRC crackdown raises £21bn as companies feel the pressure November 11, 2012 HMRC’s total yield from investigations into tax avoidance and evasion jumped by a third to £21bn in the year to March – the highest level on record, according to research published today by UHY Hacker Young. That compared with just £16bn the previous year, while in 2004-5 – the first tax year handled by the [...]
Xstrata races to persuade investors on Glencore deal November 11, 2012 MINING giant Xstrata has redoubled its efforts to get investors onside for its merger with commodities titan Glencore. The board of Xstrata, which will put the latest version of the tie-up to shareholders on 20 November, took out advertisements over the weekend to publicly repeat its enthusiasm for the deal. With proxy voting on the [...]
No EU carbon cash for UK November 11, 2012 THE government will not get EU funding under the first round of a subsidy scheme for carbon capture and storage (CCS) projects because it has failed to provide the required financing guarantees, EU sources said yesterday. CCS technology captures carbon emissions from power plants before they enter the atmosphere and stores them in long-term storage [...]
Profit hopes at Royal Mail pave way for float November 11, 2012 ROYAL Mail Group is expected to post a bumper set of profits tomorrow led by strong growth in its parcel delivery business – opening the door for a possible float of the state-owned business by government next year. The postal group, which increased operating profit after costs to £211m last year from £39m the year [...]
Waiting for a special delivery to bring home the goods November 11, 2012 THE Royal Mail’s privatisation has been lost in the post for too long to get your hopes up right now. But if Royal Mail delivers first class half-year results tomorrow, it will pave the way for an initial public offering (IPO) next year. The state postal giant, which employs 159,000 people in the UK, has [...]
