Clegg in push for blind CVs January 12, 2012 JOB APPLICATIONS would be fairer if CVs were made anonymous and schools were not mentioned, Nick Clegg claimed yesterday. The deputy Prime Minister believes racist HR staff may judge applicants on their names, and the “old boys network” means having a prestigious school on the form helps some applicants to the disadvantage of others. Clegg [...]
RBS retreats from global ambitions January 12, 2012 ROYAL Bank of Scotland and Barclays both finalised new rounds of job cuts yesterday, with nearly 4,000 posts to go between the two lenders. RBS, which is 83 per cent state-owned, said it would cut 3,500 people from its investment bank through lay-offs or asset sales “in light of a changed market and regulatory environment”. [...]
M&S CHAIR BROADENS OLD-SCHOOL EDUCATION January 12, 2012 SCHRODERS, Barclays Wealth, Deutsche Bank, Killik & Co, JP Morgan – the former pupils of Rugby School seem to have gotten everywhere in the City. And on Wednesday night, 190 Old Rugbeians reunited at Eversheds for an evening in aid of the Arnold Foundation, the trust named after Rugby’s progressive headmaster Dr Thomas Arnold that [...]
Crunch easing for euro banks January 11, 2012 THE EUROPEAN Central Bank (ECB) has succeeded in kick-starting bank funding markets, prompting a rush to issue debt that has reached levels not seen since before the latest credit crunch took hold. Funding costs for banks on the continent have plunged to their lowest level since April on the back of a flood of new [...]
Shard could signal crisis, claims BarCap January 11, 2012 THE DEVELOPERS of the Shard skyscraper could be forgiven for having pre-completion nerves yesterday, after a pair of gloomy research papers cast a pall over the tower. The Shard will be entering a rough rental market when it completes in May, according to research by BNP Paribas Real Estate. Last year, take-up of office space [...]
E&Y tops gay-friendly survey January 11, 2012 BIG four accountancy firm Ernst & Young was yesterday named as the most gay-friendly employer in the UK, topping the annual index of the best firms for lesbian, gay and bisexual staff. Ernst & Young moved up from third position last year to take the top spot in Stonewall’s workplace equality index, which considers criteria [...]
I’LL BEAT THE DROP January 10, 2012 Mark Hughes promises to focus on short-term challenge of survival after being confirmed as manager of struggling QPR NEW Queens Park Rangers manager Mark Hughes insists the club cannot afford to look beyond preserving their Premier League status despite the ambitious plans of owner Tony Fernandes. Hughes’ appointment as Neil Warnock’s successor was confirmed yesterday [...]
£33bn rail scheme faces legal threat January 10, 2012 LOBBY groups said yesterday that legal challenges to a high speed rail link between London and Birmingham are already in the pipeline, after the controversial new route was given the green light by the government. Campaigners against the planned rail link, dubbed High Speed 2 (HS2), will attempt to place the Department for Transport’s approval [...]
Commodities spur FTSE 100 gains as banks bounce bank January 10, 2012 COMMODITY stocks led the FTSE 100 top share index higher yesterday, after Alcoa kicked off the US earnings season with an upbeat outlook and data from China lifted sentiment, while retailers rallied after some encouraging updates. London’s blue chip index rose 84.44 points, or 1.5 per cent to 5,696.70, making up for the 1.5 pe [...]
Cameron should follow Jesus on executive pay January 10, 2012 DAVID Cameron and Ed Miliband agree that corporate chief executives earn too much. If they earned less, the world would be a better place – or, more precisely, it would be a fairer place. The alleged victims of this injustice are those who earn far less. In an interview with the BBC on Sunday, Cameron [...]