WHAT THE OTHER PAPERS SAY THIS MORNING October 6, 2010 FINANCIAL TIMES BUSINESS PLEADS FOR A STRATEGY Business leaders urged David Cameron to turn his pro-enterprise rhetoric into a detailed strategy that would deliver better infrastructure and remove obstacles to growth. David Frost, director-general of the British Chambers of Commerce said corporate Britain was strongly behind the government’s effort to shrink the budget deficit but [...]
Growth in UK boosts Robert Walters’ fees October 6, 2010 GLOBAL recruiter Robert Walters has seen a spike in fees during the third quarter, driven by strong growth in the UK and Asia. Robert Walters said that gross profit for the three months to the end of September soared 65 per cent to £42.5m. The rise is against a low comparison last year when fees [...]
Ernst & Young is falling behind its big four rivals October 5, 2010 ERNST & Young (E&Y) has reported flat revenue growth across its global offices, falling behind big four rivals Deloitte Touche Tohmatsu and PwC. The accounting giant posted $21.3bn (£13.3bn) in global revenue, marking a slight decrease from 2009 when global income came to $21.4bn. The firm’s results place it behind Deloitte and PwC, which both [...]
Victims to have more power over police October 5, 2010 HOME secretary Theresa May will tell police to take anti-social behaviour more seriously or face official sanctions. She says the coalition will give victims and communities the right to force the authorities to take action. She will also urge officers to treat offences like vandalism and intimidation as crimes rather than lower-level anti-social behaviour. Speaking [...]
Pandora lists in strong $2bn market debut October 5, 2010 Pandora, the Danish jeweller, made a strong debut in one of Europe’s largest bourse listings this year, worth up to $2.1bn (£1.3bn), as investors bought into prospects for its main product – charm bracelets. Analysts said Pandora’s high growth and strong margins made its initial public offering (IPO) attractive to investors hungry for new stock [...]
NatGrid hires finance boss from Cadbury October 4, 2010 National Grid said yesterday it had hired Andrew Bonfield, who was Cadbury’s chief financial officer during its takeover by Kraft, as new finance director at its energy transmission business. Bonfield will take over the post from current finance director Steve Lucas at the start of next month as Lucas prepares to retire. Lucas will leave [...]
Rolls-Royce gets new chief September 30, 2010 BRITISH engine maker, Rolls-Royce has confirmed that the Royal Ahold boss is to become new chief executive as Sir John Rose prepares to retire. John Rishton, who is currently chief executive at the Dutch supermarket group, will take up the post next March when Rose stands down. Rose will leave Rolls-Royce after 26 years, of [...]
IP PROTECTION Q&A September 30, 2010 Q. What do I need to know about intellectual property? A. Intellectual property rights are determined by a tangled ball of varying categories of legislation that requires patience to unpick. The categories are wide, overlapping and vague. Certain components entitle you to rights over your property while others require you to take prior action to [...]
Dudley begins BP makeover post Gulf spill September 29, 2010 BP is considering linking bonus payouts to the group’s safety performance as part of a radical makeover, which has also seen a shake-up of the board’s structure, announced yesterday by incoming chief executive Bob Dudley. Dudley, who takes over from Tony Hayward on Friday, has launched a review of how the oil giant pays out [...]
The defence industry boss who is reshaping his firm for new realities September 28, 2010 FOR Cobham’s chief executive Andy Stevens, life is measured out in five-year plans. The head of the FTSE 100 defence company first joined the business in 2003 as head of its aerospace division and played a key role in the 2005 strategic review that “took a root a branch look at our operations and decided [...]