Death knell for final salary in pension rejig November 22, 2012 A NEW workplace pension model was proposed yesterday in an effort to limit the financial risk for both employers and employees. Under the controversial proposals, the Department for Work and Pensions (DWP) has suggested an employer can end a final salary pension scheme when an employee leaves the firm, thereby cutting the firms’ risk exposure. [...]
City Moves | Who’s switching Jobs September 24, 2012 Winston & Strawn Michael Madden has been appointed to the role of managing partner in the law firm’s London office. He replaces Thomas Benz. Madden currently leads Winston & Strawn’s commercial litigation presence in London, and he has particular experience in corporate acquisitions and divestitures. Deloitte David Hodgson has been appointed as a healthcare and life [...]
City Moves | Who’s switching Jobs September 24, 2012 Winston & Strawn Michael Madden has been appointed to the role of managing partner in the law firm’s London office. He replaces Thomas Benz. Madden currently leads Winston & Strawn’s commercial litigation presence in London, and he has particular experience in corporate acquisitions and divestitures. Deloitte David Hodgson has been appointed as a healthcare and life [...]
Tech City first as Facebook app developer sold September 27, 2012 THE GOVERNMENT’S Tech City project has seen its first successful exit, with Shoreditch-based Facebook application developer iPlatform sold to Irish marketing firm Betapond. iPlatform was founded by entrepreneurs Joshua March and Dan Lester in 2008, shortly after Facebook allowed outside developers to create software on the website. The firm designs social apps for the likes [...]
What the other papers say this morning September 11, 2012 FINANCIAL TIMES Kremlin shields Gazprom from EU The Kremlin has moved to shield Gazprom from an EU anti-monopoly investigation in a deepening standoff over gas prices, warning that it will not co-operate with actions deemed to be against its interests. A decree signed yesterday day by Vladimir Putin aims to protect “strategic” companies operating abroad, [...]
What the other papers say this morning September 11, 2012 FINANCIAL TIMES Kremlin shields Gazprom from EU The Kremlin has moved to shield Gazprom from an EU anti-monopoly investigation in a deepening standoff over gas prices, warning that it will not co-operate with actions deemed to be against its interests. A decree signed yesterday day by Vladimir Putin aims to protect “strategic” companies operating abroad, [...]
McDonald’s to create 2,500 UK jobs January 24, 2012 McDonald’s will create 2,500 new jobs across the UK this year, it has said. The fast-food firm said that almost a third of the new jobs would be given to workers under the age of 25. McDonald’s said the new jobs followed the creation of 13,500 jobs over the past three years.
Bill Clinton’s affordable housing ideology caused sub-prime crisis November 11, 2012 MANHATTAN’S US Attorney is wrongly suing Bank of America for mortgage fraud against Fannie Mae and Freddie Mac, the American mortgage giants. The complaint asserts that Bank of America, and its predecessor Countrywide, implemented a loan origination process called “Hustle” – designed to process loans at high speed and without quality check points. Strangely, Fannie [...]
LK Bennett hires former Emilio Pucci boss as its chief executive September 10, 2012 LK BENNETT, the upmarket clothing and footwear chain, said yesterday it has hired the former boss of Italian luxury fashion brand Emilio Pucci to be its new chief executive. Didier Drouet, who will take up the post with immediate effect, replaces Robert Bensoussan, the retailer’s executive chairman who has acted as chief executive since Margaret [...]
McDonald’s wary as cold weather weighs on sales March 8, 2012 MCDONALD’S yesterday reported global February sales that missed Wall Street’s target as analysts underestimated the impact of Europe’s harsh winter and economic upheaval on sales. McDonald’s saw a 7.5 per cent gain in February sales at global restaurants open at least 13 months, below average analyst estimates of 7.7 per cent. Europe, which just edges [...]