Asian growth boosts profit at Deutsche Post May 8, 2012 Deutsche Post DHL said it was upbeat on the rest of the year yesterday after new contracts and demand for express delivery services in Asia helped it beat expectations for sales and profit in the first quarter. “There is still very healthy growth [in Asia] and we are profiting from that because we are still [...]
CITY MOVES WHO’S SWITCHING JOBS May 8, 2012 Barclays Sharon Quinlan has been appointed head of structured property, London within Barclays’s debt finance team. She joins from Bank of Ireland, where she was head of business banking and responsible for running its UK commercial banking franchise. She takes over from Richard Payne, who will stay on as a consultant. PMB Holdings Ed Jones [...]
A Bank of Britain is the best way to build a Big Society May 8, 2012 HARD economic times call for bold measures. With evidence that the UK is back in a technical recession, we propose the creation of a Bank of Britain. This would be a citizen-focused bank, designed to advance the Big Society. The government has already launched Big Society Capital, with capital mostly provided by the big four [...]
Providing the intelligence behind the 2012 London Olympic Games May 8, 2012 COUNTDOWN TO THE LONDON 2012 OLYMPIC GAMES 79 DAYS TO GO Q What was your brand’s primary reason for being involved with the Games? A London 2012 offers us a great platform to demonstrate how Nielsen provides information and insights to organisations to give them a comprehensive understanding of global consumers and markets. In addition [...]
Towers Watson lifts forecast as revenues rise May 7, 2012 PROFESSIONAL services company Towers Watson posted better-than-expected quarterly results yesterday on higher revenue from its benefits segment, and raised its full-year profit outlook. Towers Watson, whose London offices specialise in reinsurance, reported third-quarter earnings of $68.2m (£42.1m), down from $69.2m a year earlier. Revenue rose four per cent to $901.5m. In the firm’s benefits business, [...]
Sales rise but expansion hits Regus’ profits May 3, 2012 REGUS, the flexible office space provider, yesterday posted strong sales growth despite taking a hit from its rapid expansion plan. Turnover in the first quarter grew by 8.8 per cent to £299.3m, boosted by a £26 increase in revenue per occupied workstation to £1,883. Regus said its mature business – comprising the centres opened before the [...]
WANTED: A TWEET-MEISTER FOR GOLDMAN May 1, 2012 GOLDMAN Sachs, the investment bank that everyone loves to hate, is looking to change perceptions, at least on social media sites. Goldman is looking for a social media community manager, based at its New York office, who can create and maintain Facebook updates, Twitter posts and be a whizz at Linkedin group management. The successful [...]
US corporate results round-up May 1, 2012 Avon’s profit sinks as reps fall AVON reported a two per cent drop in quarterly sales yesterday after seeing the number of active sales representatives fall and the company dealt with higher costs. Avon, the world’s largest direct seller of cosmetics, also said net income fell 81.5 per cent in the first quarter, hurt by [...]
NAB to cut 1,400 UK jobs April 30, 2012 National Australia Bank will cut 1,400 jobs in the UK and take charges of $740m(£454.4m) after deciding it was too hard to sell or expand its UK banking business in a depressed market, it said as it flagged a record first-half cash profit. After a review of its UK unit, which comprises over 335 Clydesdale [...]
JOBS of the WEEK April 25, 2012 REAL ESTATE LAWYER HONG KONG HK$940k-HK$1.4m pa A leading US law firm is looking to hire a highlytalented lawyer to its real estate practice in Hong Kong. Candidates must have experience in property from a highly-regarded law firm. http://www.cityamcareers.com/job/7325 HEAD OF VALUATIONS CENTRAL LONDON £100k-£150k pa, plus benefits A top 10 practice in central London [...]