Recession shouldn’t stop tech innovation November 28, 2012 THE financial crisis has forced companies to operate in new and challenging environments. Many are now leaner organisations, the result of significant cutbacks in both staff and operations. But a simple trimming down is not a solution for the medium or longer term. A lot of companies are still clinging to in-house research and development [...]
London’s Tech City gets £50m from Cameron December 6, 2012 DAVID CAMERON yesterday unveiled a £50m government project in east London’s “Tech City” alongside a host of new investments from the likes of Microsoft and KPMG. The Prime Minister said the money would be put towards a new showcase building on Old Street roundabout – the junction that has become an icon of the growing [...]
City Moves | Who’s switching jobs November 4, 2012 Legal & General Property Bill Page has been appointed business space research manager at the property fund management firm. He joins from Jones Lang LaSalle, where he was most recently head of Europe, Middle East and Africa offices research. Page has also held roles at the Estates Gazette Group. Quindell Portfolio Robert Thompson has been [...]
FORMER IBM CHIEF EARNED $31.8M LAST YEAR March 14, 2012 Former IBM chief executive Sam Palmisano was paid $31.8m (£20.2m) by the tech company in 2011 – his last year at the helm before being replaced by Ginni Rometty. This is slightly more than the $31.7m, including a $1.8m salary, he made the year before. Picture: REUTERS
Business network LinkedIn nets ten millionth member in the UK September 17, 2012 BUSINESS social network LinkedIn yesterday celebrated passing the 10m membership mark in the UK. The tally means an estimated four out of five British business professionals are now registered. LinkedIn, which began in 2003, has over 175m members worldwide, and has shown strong growth in the UK. It passed the 5m mark in 2010. Hotpots [...]
Business network LinkedIn nets ten millionth member in the UK September 17, 2012 BUSINESS social network LinkedIn yesterday celebrated passing the 10m membership mark in the UK. The tally means an estimated four out of five British business professionals are now registered. LinkedIn, which began in 2003, has over 175m members worldwide, and has shown strong growth in the UK. It passed the 5m mark in 2010. Hotpots [...]
Housing starts increase sees S&P gain again October 17, 2012 THE S&P 500 rose for the third consecutive day yesterday after housing starts hit a four-year high, but the Dow was weighed down by IBM after it posted weak revenue. Homebuilders’ shares led gains after the Commerce Department said groundbreaking on new homes jumped 15 per cent in September, the quickest pace since July 2008. [...]
Weak Google earnings drag Wall St lower October 18, 2012 US stocks fell yesterday, with technology stocks hit hard after Google’s surprisingly weak earnings – released prematurely during the trading day – disappointed investors. Shares of Google lost 8 per cent – the stock’s worst day since 20 January – to close at $695 after the Internet giant’s third-quarter results showed earnings and revenue fell [...]
Former Amazon UK head set to take Asos chair October 1, 2012 ONLINE fashion retailer Asos revealed yesterday it has hired the former managing director of Amazon UK to be its new chairman, replacing Waheed Alli, who will step down after 12 years with the firm. Brian McBride, who spent six years at the helm of Amazon’s UK business, will succeed Lord Alli at the beginning of [...]
What the other papers say this morning September 6, 2012 FINANCIAL TIMES Investment banks eye Europe job cuts Big investment banks in Europe, including Nomura, Credit Suisse and UBS, are stepping up plans to cut jobs as they seek to adapt to a drastic slowdown in revenues and tighter regulation. Bank executives, headhunters and analysts say that the cuts are shaping up as the deepest [...]