Letters to the Editor – 03/06 – Britain’s new MEPs, Google and Europe, Best of Twitter June 2, 2014 Britain’s new MEPs [Re: Britain’s new MEPs must do their job – whatever they think about the EU, yesterday] Mark Boleat asserts that “constituents voted [MEPs] in to engage in Europe”. How does he know what voters were thinking? It’s not true in my case, for example, because I have zero faith in any of [...]
City hiring boom for graduates June 2, 2014 FINANCE firms are set to lead a surge in graduate hiring this summer, as companies across the UK rush to hire almost a fifth more university leavers than in 2013. Employers are set to boost the number of graduates they hire by as much as 18 per cent this year as the improving economy boosts [...]
Auditors are told to get tough with banks on loss provisions May 28, 2014 AUDITORS for British banks and building societies are not scrutinising the firms’ books closely enough, despite repeated warnings that auditors should have caught some of the warning signs ahead of the 2008 financial crisis, a watchdog said yesterday. The Financial Reporting Council flagged up poor testing of loan impairment models and a widespread reluctance among [...]
Rise in jobs for grads fuelling boom in hiring May 27, 2014 BIG GRADUATE recruiters are boosting hiring programmes even further this year, with vacancies up by more than a third, and many firms saying they are yet to fill positions for this year’s intake. Figures from jobs site Adzuna today show vacancies for graduates up 37 per cent from 2012. And though there is still fierce [...]
Media execs bullish views May 27, 2014 MEDIA and entertainment bosses have given an upbeat assessment of the global economy, with more than two in three seeing an uptick in activity, a new study suggests. The poll, by EY, found 64 per cent thought the state of the global economy was improving. A further 34 per cent planned to pursue acquisitions over [...]
Investment into Europe reaches peak level as economies recover May 27, 2014 FOREIGN investment into Europe reached a record high last year, with the UK seeing the greatest increase, said EY research today. Despite challenging economic conditions in parts of the continent, 3,955 projects attracted foreign investment in 2013, up four per cent from the previous year. EY’s annual European Attractiveness Survey said the UK took the [...]
City Moves for 23 May 2014 | Who’s switching jobs May 22, 2014 Addleshaw Goddard The law firm has announced the election of John Joyce as a managing partner. He specialises in corporate restructuring. Joyce has been a partner since 1998, and was most recently head of business support and restructuring. Euler Hermes Bonding The surety bond provider has appointed Adam Hinc as a senior underwriter in its [...]
Letters to the Editor – 23/05 – Debating Europe, Best of Twitter May 22, 2014 Debating Europe [Re: European Parliament election: Could a victory for Ukip help it secure a domestic foothold?, yesterday] It was interesting to hear Charles Lewington OBE’s views that Nigel Farage’s party is one of “eccentrics”. It might be also interesting to note that one such “eccentric” worked as a non-executive director for Charles’s business for [...]
Letters to the Editor – 22/05 – The UK and Europe, Best of Twitter May 21, 2014 The UK and Europe [Re: Voters in the UK and Europe are in the mood for change, yesterday] I don’t understand Stephan Shakespeare’s conclusion that Euro voters are “united by a desire to stay in Europe”. That is not what his graphs say. On reform, UK, Germany, France and Sweden pass 70 per cent recognising need for significant [...]
Confusion reigns as forward guidance fails to set out clear interest rate path May 15, 2014 Mark Carney wants to give as much info as he can on when interest rates will go up – after more than five years at 0.5 per cent, this is a great big challenge for the Bank of England. He doesn't want to panic anyone. That is one reason why Carney introduced forward guidance, [...]