Deutsche hires in Birmingham as it cuts back in expensive City November 26, 2012 GERMANY’S Deutsche Bank has hired up to 50 new front office staff in Birmingham as the firm’s efficiency drive forces it to look at less expensive operations centres than London. The fixed income and equity sales workers will focus on serving smaller clients – those which it may not have been cost effective to serve [...]
Cobham recruits chief financial officer from listed peer Senior November 26, 2012 DEFENCE manufacturer Cobham yesterday poached the group finance director of its FTSE 250 aerospace technology rival Senior to become its new chief financial officer. Simon Nicholls will leave Senior at the end of April next year after five years in the post to replace outgoing Cobham CFO Warren Tucker, who will stand down at the [...]
Post Office puts out first results for 370 years November 22, 2012 THE Post Office has today published its first trading statement in its 370-year history following its split from the Royal Mail earlier this year. The government owned business, which is the largest retailer in the country, became an independent business for the first time in April after its historic divorce from Royal Mail. The company [...]
Network Rail’s debts soar as it upgrades track November 22, 2012 THE OWNER of Britain’s railway has posted a rise in profits as it makes progress in upgrading the network, though its debt pile has ballooned by almost £1bn to £28bn in the space of six months. Network Rail, the not-for-dividend body responsible for maintaining tracks and signalling, spent £2.06bn on improving the railway in the [...]
Who’s switching jobs November 20, 2012 State Street Simone Vroegop has been appointed head of consultant relations for Europe, the Middle East and Africa at the financial services provider. She was previously vice president and head of business development for the company’s global services business in the Amsterdam office. Charles Russell Shahram Taghavi has been appointed head of immigration at the [...]
Third G4S director stands down after Olympics contract fiasco November 13, 2012 SECURITY firm G4S said yesterday that a third director has left the company following its Olympic Games contract blunder. It is understood Mark Hamilton, a former bodyguard to Beatles star Sir Paul McCartney and the man who led G4S’s Olympics team, left the world’s biggest security firm by mutual consent. Chief operating officer David Taylor-Smith [...]
Workspace plans Tower Bridge building as pre-tax profits soar November 13, 2012 WORKSPACE yesterday posted better-than-expected half year results, driven by strong tenant demand for its trendy London office space and its focus on asset management. The company, which provides offices to some 4,000 businesses such as Moonpig, as well as the Metropolitan Police, became a stock market darling after posting stellar annual results in May and [...]
James Bond to the rescue at Cineworld November 13, 2012 THE RELEASE last month of the James Bond film Skyfall has helped cinema chain Cineworld bounce back from a tough summer season when the Olympics drew moviegoers away from the big screen. The group yesterday posted a 1.4 per cent fall in revenues in the 19 weeks to 4 November while cinema admissions dropped by [...]
What the other papers say this morning November 12, 2012 FINANCIAL TIMES Nissan hits back at tax critics Nissan yesterday became the latest company to face scrutiny over its tax affairs after it was revealed that Britain’s biggest carmaker avoided millions in corporation tax every year by selling vehicles through a Swiss company that manages its European operation. The company hit back at the criticism, [...]
BBC search for successor is on after boss quits November 12, 2012 THE SEARCH for a new head at the BBC started yesterday after George Entwistle’s dramatic Saturday night resignation left the broadcaster’s radio boss Tim Davie at the head of the organisation. Although he had not known about the Newsnight report that falsely implicated a former leading Tory as being involved in a child abuse scandal, [...]