CITY PAYS ITS DEEPEST RESPECTS TO BRITAIN’S FALLEN WAR HEROES November 11, 2010 SILENCE blanketed the City of London yesterday at 11am, to mark the anniversary of Armistice Day, the end of the First World War. The largest remembrance ceremony took place at Lloyd’s of London, where 5,000 members of the insurance market gathered on the trading floor to watch on as their chairman Lord Levene and Lord [...]
Recruitment freeze set to thaw as firms announce plans to hire again December 5, 2010 THE great UK recruitment freeze looks set to thaw in 2011 as more than a quarter of firms plan to add staff, a survey of human resources (HR) directors by PriceWaterhouseCoopers has found. In evidence that companies are moving on from recessionary survival measures, 28 per cent of UK firms said they expect to increase [...]
Recruitment freeze set to thaw as firms announce plans to hire again December 5, 2010 THE great UK recruitment freeze looks set to thaw in 2011 as more than a quarter of firms plan to add staff, a survey of human resources (HR) directors by PriceWaterhouseCoopers has found. In evidence that companies are moving on from recessionary survival measures, 28 per cent of UK firms said they expect to increase [...]
Corporate insolvencies plummet in London October 8, 2010 London businesses are “leading the country out of recession” according to research that shows the number of corporate insolvencies by 28 per cent in the third quarter. Only 745 London firms went bust in the three months to September, down from 1034 in the second quarter of the year and a 35 per cent drop [...]
AUTO-ENROLMENT October 27, 2010 Q.HOW MUCH DOES SOMEONE HAVE TO EARN TO BE ENROLED? A.The earnings threshold for auto-enrolment into the National Employment Savings Trust (NEST) will be the same as the income tax threshold, currently £7,475 (much higher than the £5,035 level mooted by the last government). But Peter Woods, pensions partner at PwC, points out the coalition [...]
Webb unveils pension plans October 27, 2010 INDUSTRY breathed a sigh of relief yesterday, after the government watered down plans to boost the number of private pension savers. The government is still pressing ahead with plans to enrol millions of workers into a pension scheme automatically from 2012 onwards, but made several concessions following intense lobbying from businesses. By 2017, the vast [...]
CITY MOVES | WHO’S SWITCHING JOBS October 6, 2010 Nomura Former RBS chief market strategist Bob Janjuah (pictured) and chief markets economist Kevin Gaynor have resurfaced at the Japanese investment bank, where they take up the roles of co-heads of cross asset allocation strategy. Perma-bear Janjuah made the headlines weeks before Lehman Brothers collapsed back in 2008, when he predicted the economic crisis. Geoff [...]
Job freeze looms as firms suffer October 6, 2010 ABOUT 5,000 fewer jobs than expected will be created in the City this year as government proposals to introduce a permanent immigration cap, the 50p tax rate and regulatory uncertainty force investment banks to put the brakes on hiring. Economic consultancy the Centre for Economic and Business Research (CEBR), which tracks financial services recruitment, yesterday [...]
Eat takes its third bite at the market as it is put up for sale October 10, 2010 SANDWICH shop chain Eat has been put on the market for the third time by its owners. The company, which has 100 stores and is planning to double that in the next two to four years, is expected to fetch more than £100m as interest from private equity groups mounts. The firm is being advised [...]
City sees lift in financial services poll September 26, 2010 THE financial services sector grew at faster rate in the past three months than any time since June 2007 – but the increasing burden of regulation is hitting businesses hard, a CBI-led report warned today. A poll carried out by the CBI in tandem with professional services firm PwC revealed an increasingly upbeat City with [...]