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Archive for January, 2016

UK economy expands 0.5% in fourth quarter

January 28, 2016

The UK economy grew by 0.5% in the three months to end of December, official figures show, taking the annual rate of growth for 2015 to 2.2%. The Office for National Statistics figures show quarterly growth picked up from the third quarter’s rate of 0.4%. But it leaves annual growth down on 2014’s growth rate […]


‘Delay’ over workers’ pension access

January 26, 2016

Three fifths of in-house company pension schemes fail to offer flexible options for savers to take part of their pot as an income, consultants say. Some 61% of trust-based pension schemes, used by big companies and overseen by trustees, have yet to offer flexible drawdown options, Willis Towers Watson says. Rules in place for nearly […]


Andrew Bailey is new boss of the FCA, the City watchdog

A senior figure at the Bank of England – Andrew Bailey – has been named as the permanent boss of the Financial Conduct Authority (FCA). The FCA is the City watchdog and the UK’s most prominent financial consumer protection body. He has been appointed for five years and will start when a successor is appointed […]


This week’s new roles

January 25, 2016

Here are this week’s roles (please quote the VR reference when applying for each role):   Bookkeeper, £25k (London) VR/02746 The role involves bank reconciliations, journal postings and preparation of VAT returns. The individual will have experience of working with Sage 50 and Excel in a bookkeeping role at a Chartered Accountants.   Italian Speaking […]


Schlumberger reveals 10,000 recent job losses amid oil price slump

January 22, 2016

Oilfield services giant Schlumberger has cut 10,000 jobs in the past three months amid the plunge in oil prices. News of the near-10% jobs cull came as the firm unveiled a net loss for the last three months of $1bn – its first quarterly loss in 12 years. Revenues fell 39% to $7.74bn, with chief […]


Norwegian in underwear clings to car roof to stop thief

January 21, 2016

A man clad only in boxer shorts stopped a thief from stealing his car in southern Norway – by clinging on to the roof in a hair-raising ride at -17C. Police say the owner was left “pretty bloody” after the car crashed into a safety barrier on a bridge. A suspect has been taken into […]


European markets stabilise after falls

European markets have opened slightly higher, a day after global turmoil saw billions wiped off the value of shares. London’s benchmark FTSE 100 share index, which measures the share prices of the 100 most valuable companies traded on the London stock exchange, was up 0.5% in the opening minutes. Earlier, Japan’s main share index closed […]


Nissan Leaf £26.5m battery investment secures 300 jobs

Nissan has announced plans to invest £26.5m in its production of electric vehicle batteries, safeguarding 300 jobs at its plant in Sunderland. In 2011, the company benefited from £189m of European funding to build the Leaf and the lithium-ion batteries. Since 2013, production of the Leaf has supported more than 2,000 jobs at Nissan and […]


This week’s new roles

January 20, 2016

Here are this week’s roles (please quote the VR reference when applying for each role):   SIPP and SSAS Administrator, (Edinburgh) VR/02371 The role involves dealing with day-to-day pensions administration queries and maintaining internal and external relationships, such as solicitors, financial advisors and HMRC. The individual will have SIPP and SSAS experience and knowledge of […]


Bank of America profits rise on lower legal costs

January 19, 2016

Bank of America has reported a 10% rise in fourth-quarter profits compared with a year earlier, helped by a fall in expenses, including legal costs. The bank, the second-biggest in the US by assets, said net income jumped to $3.01bn (£2.1bn), up from $2.74bn. The results were in line with those reported last week by […]


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