Hays fees up in overseas boost April 7, 2011 British recruitment group Hays posted a 16 per cent jump in net fees, led by its strong international business and said its outlook remained positive in nearly all its markets outside of the UK public sector. Hays, which specialises in placing office workers such as accountants and secretaries, said on Thursday it had seen excellent [...]
CITY MOVES | WHO’S SWITCHING JOBS March 31, 2011 GMT Partners The former BBC executive who launched the iPlayer, Ashley Highfield, has been appointed to the Industry Council of GMT Communications Partners, the European telecoms, media and technology-focused private equity group. Highfield is currently UK managing director and vice-president, consumer and online, at Microsoft. Prior to Microsoft, he spent eight years at the BBC, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 30, 2011 FINANCIAL TIMES CHRISTIAN CANDY TO RESELL GOLD SHARES Christian Candy, the property developer, is to sell shares back to minority investors in a gold mining company after his attempt to take the mine owner private was thwarted. The agreement is part of a deal that could strengthen the rights of small investors. It is set [...]
Libyan minister defects to UK March 30, 2011 LIBYA’S foreign minister Moussa Koussa defected to the UK yesterday, saying he opposed his government’s attacks on civilians. As the US, UK and France refused to rule out arming Libyan opposition forces to help oust Muammar Gaddafi, Kusa resigned from his post in the Libyan government and claimed refuge after he landed at Farnborough airport [...]
Tweeting in court could damage your business March 29, 2011 IMAGINE that your business is in court. And now imagine that some people in that courtroom are sending out a constant barrage of tweets about the proceedings – every accusation, every negative claim and every judicial comment appears instantly on the internet, in a context-destroying 140-character form. And now imagine the effect it could have [...]
The boss of the UK’s largest broker sees a long road back to recovery March 28, 2011 The chief executive of the UK’s largest independent stockbroker Collins Stewart takes a deep breath and thinks for a moment. After a pause, Mark Brown, who is sitting in his large modern office with floor-to-ceiling views of the City, says: “I think we are about halfway towards getting the firm back to where it should [...]
Songbird profit fuelled by Lehman sale March 25, 2011 SONGBIRD, the company which own large chunks of Canary Wharf, has reported a sharp rise in annual profits. The lift was fuelled in part by the sale of the old Lehman Brothers building to JP Morgan. Songbird Estates posted pre-tax profits for 2010 of £463.8m – a rise of 39 per cent on the £334.6m [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 24, 2011 FINANCIAL TIMES BARCLAYS AT CENTRE OF LIBOR INQUIRY Barclays is emerging as a key focus of the US and UK regulatory probe into alleged rigging of benchmark interbank lending rates that are the reference point for $350,000bn in financial products, people familiar with the investigation said. Investigators are probing whether communications between the bank’s traders [...]
KNEES UP AT TREASURY IF GEORGE HAS A BEER March 22, 2011 AHEAD of today’s Budget, the British Beer & Pub Association (BBPA) is trying to loosen up chancellor George Osborne – and his stance on beer tax – by dropping by the Treasury to hand-deliver a hamper of Britain’s finest beers. With the Budget speech the one day that the chancellor is allowed an on-duty tipple, [...]
T-Mobile USA owner sees shares spike March 21, 2011 Deutsche Telekom’s shares soared as much as 16 per cent yesterday after news it will sell its beleaguered T-Mobile US venture to AT&T for $39bn (£24bn). The German telecoms giant will instead focus on its European operations. It says it plans to grow organically and will use the cash to pay down debt and return [...]