WHAT THE OTHER PAPERS SAY THIS MORNING September 30, 2010 FINANCIAL TIMES BUSINESS CALLS FOR REVIEW OF CURBS ON MIGRANTS New rules that restrict companies from hiring foreign workers must be “reviewed immediately”, the CBI employers’ body said, putting the business lobby on collision course with the government. The Home Office imposed a temporary limit on skilled workers coming to Britain from outside the European [...]
IoD slates regulation plan September 28, 2010 THE Institute of Directors (IoD) yesterday became the latest organisation to join the London Stock Exchange (LSE) in opposing the merger of the Financial Reporting Council and the UK Listing Authority (UKLA). In a statement, Miles Templeman, director-general of the IoD, said it made no “sense to leave the UKLA separate from the body [the [...]
Top 100 list shows women at senior level September 26, 2010 MORE than a fifth of Europe’s 100 most influential women sit at the top of some of the largest companies within the financial services sector, according to new findings. According to the fourth annual list of the 100 most influential women compiled by Financial News, more than 20 per cent of the listed women in [...]
Winterflood backs LSE on rules change September 26, 2010 CITY veteran Brian Winterflood has joined London Stock Exchange (LSE) chief executive Xavier Rolet’s call for the Square Mile to oppose the government’s proposed splitting up of the UK’s share listing regulations. According to an audience member at a Quoted Companies Alliance (QCA) dinner last Thursday, Winterflood gave an impassioned speech, calling on all those [...]
The housebuilding chief executive who can see clear blue skies ahead September 26, 2010 FOR A MAN who took over a housebuilder in the middle of a devastating financial and property crisis, David Ritchie, the chief executive of Bovis Homes, looks remarkably relaxed. But it is certainly fair to say the pain has eased in recent months for the firm, even though Ritchie remains in the middle of turning [...]
PwC first to add senior City figures to the board September 26, 2010 ACCOUNTING firm PwC is set to become the first accountancy practice to add independent directors to its board after the appointment of three senior businessmen as non-executive directors. Former Rio Tinto chairman, Paul Skinner will be joined by WM Morrison chairman Sir Ian Gibson and Cable & Wireless chairman Sir Richard Lapthorne as independent directors [...]
Pension funds back FRC code September 23, 2010 A RAFT of UK pension funds have come out in support of the Financial Reporting Council’s (FRC’s) new Stewardship Code. Eleven pension funds, collectively valued at £180bn, have banded together to back the new code, set out by the FRC in July. In a letter sent to the financial watchdog, the pension funds said they [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 22, 2010 FINANCIAL TIMES SIEMENS PROMISES WORKERS JOBS FOR LIFE Siemens’ German workers have struck a deal that will see their jobs secured indefinitely, in an arresting move that highlights how the financial crisis has triggered a fresh consensus between labour and management in corporate Germany. The engineering group said it had sealed an agreement with its [...]
Cable wages war on British boardrooms September 21, 2010 VINCE Cable will today launch a scathing attack on British business, announcing a wide-ranging investigation into company takeovers, executive pay and corporate governance. The business secretary will use a keynote speech at the Liberal Democrat conference to wage war on large companies, promising to “shine a harsh light into the murky world of corporate behaviour”. [...]
Hong Kong gains ground on the City September 20, 2010 THE government was warned yesterday not to risk London’s position as the world’s largest financial centre as a report showed the City and New York losing ground to Hong Kong. Hong Kong has now joined New York and London as one of the “Big Three” financial centres for the first time, according to the latest [...]