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UK - GDP up +0.5%

25 May 2011

Gross Domestic Product (GDP) in volume terms increased by +0.5% in the first quarter of 2011, according to the latest statistics published today by the Office for National Statistics (ONS).The small increase cancels out a -0.5% decrease in GDP recorded in the final quarter of 2010. It also means...


UK - Bank lending to SMEs also critical for recruitment sector

25 May 2011

As pressure grows for banks to meet targets for lending to small and medium-sized enterprises (SMEs), the Recruitment & Employment Confederation (REC) has stressed the importance of such funding for recruitment agencies. The top five UK banks missed their first-quarter target for lending to S...


UK - Network Group completes Procurement People acquisition

24 May 2011

Network Group Holdings (NGH:LSE), the provider of staffing and outsourced services, has announced the completion of its fourth acquisition further to its announcement on 11 April 2011. Its subsidiary Network Recruitment Partnership Limited (NRP) acquired the entire issued share capital of Procure...


France - Managers' salaries up +2.9%

24 May 2011

Managers' salaries have increased for the first time in two years by +2.9% between September 2010 and March 2011, according to the latest Managers Salaries Barometer published by staffing firm Expectra (part of Randstad).The strongest rise in salaries was registered among Sales and Marketing Engi...


Switzerland - Boards dominated by foreign-born managers

24 May 2011

The share of foreign top managers of the 100 largest Swiss companies has risen from 36% in 2006 to 45% in 2011, according to the latest research carried out by executive search firm, Guido Schilling AG.In the companies, which form part of the Swiss Market Index (SMI), two thirds of top managers a...


Europe - Growth slips to seven month low in May, but price pressures ease

24 May 2011

The latest Purchasing Managers Index (PMI) for the Eurozone, published by research firm Markit, fell from 57.8 in April to 55.4 in May to signal ongoing expansion for the twenty-second successive month. However, although in line with the average seen during 2010, the increase was the weakest for...


Germany - Business climate favourable

24 May 2011

The Business Climate Index for German industry and trade, published by research institute IFO, remains stable in May 2011, after a slight cooling in the two preceding surveys. The previously good business situation has again been given a better assessment. The six-month business outlook is once m...


UK - Half of businesses tied up in health and safety 'yellow tape'

24 May 2011

In a report entitled 'Health and Safety: a risky business?' released today, the British Chambers of Commerce (BCC) reveal that half of businesses identify health and safety 'yellow tape' as a burden. While health and safety in the workplace is important, the volume and ambiguity of this regulatio...


Finland - Unemployment falls to 8.2%

24 May 2011

In April 2011, the number of employed persons was 2,458,000, which was +41,000 more than a year earlier. Employment increased among both men and women, according to the latest Labour Force Survey, published today by Statistics Finland (Tilastokeskus).   In April, the employment rate stood a...


UK - HMRC invites APSCo to join the newly formed IR35 Forum

24 May 2011

The Association of Professional Staffing Companies (APSCo) has been invited by HM Revenue & Customs (HMRC) to join its newly formed IR35 Forum.APSCo claims to have led recruitment industry lobbying on IR35 since its inception in 1999. APSCo successfully lobbied for changes to the draft legisl...