Sanofi to cut fewer jobs in France September 25, 2012 French drugmaker Sanofi scaled back planned layoffs under pressure from the French government, which has been struggling to contain a burgeoning unemployment rate. Sanofi said it could shed around 900 jobs in France in the next three years, fewer than the 2,500 predicted in July by trade unions, as part of the company’s planned reshuffle [...]
Foxconn China plant reopens September 25, 2012 Apple-supplier Foxconn Technology Group’s plant in Taiyuan in northern China resumed production yesterday morning after a riot that involved 2,000 workers had forced the company to close the factory on Monday. Foxconn spokesman Louis Woo said he saw no impact on supply to clients after the closure. “We have 79,000 people working in Taiyuan campus, [...]
SAB hires ex-Centrica director September 25, 2012 Centrica’s former communications chief Catherine May yesterday became the latest woman to be hired on the board of a FTSE 100 company after being named as SABMiller’s director of corporate affairs. May will join the brewing giant on 15 October after half a decade at Centrica. She will replace Sue Clark, who was promoted to [...]
Meet the hero of the Audi range September 25, 2012 The Neckarsulm facility, near Stuttgart in Germany, is the home of Audi’s R8 supercar production and where it builds its RS line of high-performance vehicles. It’s also where quattro GmbH and its motorsport division is based, which is why we’re racing across Europe from the UK to Neckarsulm on a 600-mile drive in Audi’s latest [...]
Car talk September 25, 2012 Seat redesigns its logo – and its Leon Spanish manufacturer Seat is getting a makeover. Its logo is getting a new, more modern and streamlined look and the first in a family of cars to wear it will be the all-new Leon hatchback. It will be unveiled at this week’s Paris Motor Show. The stylish [...]
Score a networking hole in one September 25, 2012 Mix business and pleasure with a corporate day on the golf course. We seek out some of the best options. Marriott Tudor Park, Maidstone, Kent What: An 18-hole championship golf course in Maidstone, Kent located in a 200-acre park. Cost: From £50 per person, season dependent. £5,000 for full course for the whole day. Optional [...]
City Moves | Who’s switching Jobs September 25, 2012 Kleinwort Benson The private bank has appointed Jason Turner to the position of executive private banker in its private wealth management team. He joins from UBS Wealth Management, where he was a client adviser. Turner has over 14 years’ experience in the industry, and has also worked as a financial adviser with Bank of Scotland [...]
Best of the Brokers September 25, 2012 CABLE & WIRELESS COMMUNICATIONS Liberum Capital’s Lawrence Sugarman has downgraded Cable & Wireless Communications from “Hold” to “Sell” and recommends investors take the opportunity to lock in profits. The FTSE 250 telecoms group makes most of its money from operations in Monaco and island territories with historic connections to the UK. But Sugarman says “the [...]
Strong US data helps lift the FTSE as miners and banks take a dive September 25, 2012 BRITAIN’S top share index rose yesterday, with energy stocks in the lead, improving on small gains earlier in the day after US data allayed some concerns over a stalling of the global economic recovery. At the close, the FTSE 100 index was up 20.87 points or 0.4 per cent at 5,859.71 points, near the session [...]
Earnings woes push Wall St into the red September 25, 2012 THE S&P 500 suffered its worst day since June yesterday, pulled lower by Caterpillar after it cut its profit outlook, the latest high-profile company to warn about profit growth. Technology shares came under pressure after a second day of weakness for Apple, the world’s most valuable public company. Shares fell 2.5 per cent to $673.54 [...]
