London faces rotten rubbish September 16, 2010 HUNDREDS of thousands of Londoners could face the threat of rotting rubbish this winter after the GMB union threatened to ballot its members over a strike. The proposed industrial action raises raises the prospect of the first national bin strike since the Winter of Discontent in 1978/79, when uncollected sacks of rubbish piled up in [...]
Cuts to civil service pay-offs October 7, 2010 THE government has agreed a new redundancy scheme with five civil service unions, ahead of a wave of public sector layoffs when spending cuts start to kick in. Firemen’s union the FDA, Prospect, the Prison Officers’ Association, GMB and Unite have all agreed to reduced terms for redundancy payouts, which will now be capped at [...]
BA cuts ground staff deal September 13, 2010 British Airways ground staff at Heathrow airport have accepted a settlement in a long-running dispute over pay and staffing levels, the GMB and Unite unions said yesterday. The deal, which covers 2,850 staff, will see the reduction of 500 jobs by March 2011, more flexible working conditions and the introduction of a one-year pay freeze.
King tells the unions cuts are only option September 15, 2010 MERVYN King launched a broadside against bankers’ bonuses yesterday, telling unions they were right to be angry at the industry – but he warned there was no alternative to swingeing spending cuts to reduce the deficit. Speaking at the Trades Union Congress annual conference in Manchester, the Bank of England governor said the economic crisis [...]
King tells the unions cuts are only option September 15, 2010 MERVYN King launched a broadside against bankers’ bonuses yesterday, telling unions they were right to be angry at the industry – but he warned there was no alternative to swingeing spending cuts to reduce the deficit. Speaking at the Trades Union Congress annual conference in Manchester, the Bank of England governor said the economic crisis [...]
Quintain sells GreEnwich property for £97m August 9, 2010 QUINTAIN Estates and Development has sold Pier Walk in its Greenwich Peninsula development near Canary Wharf to a unit of Germany’s largest fund manager DekaBank. Deka Immobilien GmbH paid £97.1m in cash for the property, representing a six per cent uplift on the last independent valuation on 31 March and an investment yield of 5.9 [...]
Quintain sells GreEnwich property for £97m August 9, 2010 QUINTAIN Estates and Development has sold Pier Walk in its Greenwich Peninsula development near Canary Wharf to a unit of Germany’s largest fund manager DekaBank. Deka Immobilien GmbH paid £97.1m in cash for the property, representing a six per cent uplift on the last independent valuation on 31 March and an investment yield of 5.9 [...]
CITY MOVES | WHO’S SWITCHING JOBS August 18, 2010 SRL Global Alex Lowe, the former chief executive of Man Global Strategies (MGS), has joined the asset management technology firm as its new managing director. Lowe worked at MGS, part of Man Group, for six years – three years of which were at the helm of the company. SRL was initially established as a joint [...]
Red Ed? Come off it: A pitch for the centre September 28, 2010 POLITICAL EDITOR’S ANALYSIS ED MILIBAND’S inaugural leaders’ speech will not be remembered for its rhetorical flair. There was none of the barrister’s flourish that characterised Tony Blair’s excellent performances. For all its talk of optimism, it lacked the hopeful oratory that Barack Obama offered the US electorate in 2008. When David Cameron gave his first [...]
GM set to go ahead with a $20bn float August 17, 2010 GENERAL?Motors (GM) is poised to press ahead with one of the biggest ever IPOs, raising an estimated $20bn (£12.8bn). The momentous flotation of one of the most recognisable US firms will see the government begin to loosen its grip on the troubled carmaker. The initial prospectus was filed yesterday with the Securities and Exchange Commission, [...]