Misys boss got £3.2m last year August 30, 2011 MISYS boss Mike Lawrie saw his remuneration slide 3.6 per cent despite receiving a bonus worth 195 per cent of his basic salary. He received total compensation of £3.22m after the firm hit a key operating profit target. Chief financial officer Stephen Wilson, who joined Misys in 2009, received bonuses worth 150 per cent of [...]
App for spotty teenagers wins start-up award August 30, 2011 BACK in July I wrote about the launch of StartUp Summer, a scheme to encourage innovation and entrepreneurship among students, organised by YouGov with University College London and Imperial College and supported by Downing Street. It has been a fantastic six weeks, with the students making great progress in developing their ideas while learning from [...]
BG Group rings the changes August 30, 2011 Dr John Hood will succeed Baroness Hogg as chairman of BG Group’s remuneration committee from 5 September, the company disclosed yesterday. Hogg, who has chaired the remuneration committee since mid-2005, remains on the BG board and is a member of two other board committees. Sir David Manning will succeed Hood as chairman of the sustainability [...]
Edinburgh Fringe in record year August 30, 2011 Heavy rain in August failed to dampen the spirits of performers and audiences as the Edinburgh Fringe recorded a third successive record year for acts and ticket sales. The Fringe Society said yesterday 1.88m tickets were sold for the 2,542 productions involving some 21,000 performers over the period from 5 August to 29 August. Sales [...]
Japan set to list efforts to stop yen’s rise August 30, 2011 JAPAN’S newly selected prime minister Yoshihiko Noda announced yesterday that further steps would be taken to weigh down the yen. In his former post as finance minister, Noda had recently warned markets that he was keeping a close eye on the yen and would take action to reverse any appreciation. “After forming a new structure, [...]
Indian GDP growth slows to 18 month low of 7.7pc August 30, 2011 INDIA’S growth slowed to its weakest pace for six quarters in the three months to June, official data revealed yesterday. The emerging economy’s GDP expanded by a still-impressive 7.7 per cent in the second quarter of the year, the figures showed. Economists had expected a slightly lower result of around 7.6 per cent. High inflation [...]
Sentiment declines in Eurozone August 30, 2011 Economic sentiment in the Eurozone fell in August, the European Commission revealed yesterday. Its Economic Sentiment Indicator (ESI) shed 4.7 points to print 98.3, down from a revised 103 in July. “This decline resulted from a broad-based deterioration in sentiment across the sectors, with losses in confidence being particularly marked in services, retail trade and [...]
Euro area retail sales fall again August 30, 2011 Retail sales across the Eurozone dropped at their fastest rate since last October, research firm Markit said yesterday. Markit’s latest purchasing managers’ index showed high street sales slipping for the fourth straight month in the 17 nation single currency area. The index fell to 48 in August, signalling a contraction in sales revenues. Germany saw [...]
Poland’s GDP rises by 4.3pc in Q2 August 30, 2011 The Polish economy grew by 4.3 per cent on an annual basis in the second quarter of the year, official data showed yesterday. The EU’s largest ex-communist economy grew by 4.4 per cent in the first quarter of 2011. “We expect it to slow significantly in 2012 and 2013 to a below-consensus three per cent [...]
Spanish inflation eases steadily August 30, 2011 Spain’s consumer price index came in at 2.9 per cent annualised in August, its statistics office estimated yesterday – down from 3.1 per cent in July. The second estimate is published in two weeks.
