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UK — Bonuses for Hedge Fund IT staff double in one year

8 October 2010

Senior IT staff working for hedge funds and fund managers have seen their bonuses double over the last year, says ReThink Recruitment, the business and technology staffing company. According to ReThink, software developers with experience in algorithmic trading platforms, a form of automated hig...


UK — Michael Page's gross profit up by +37%

7 October 2010

Gross profit was up by +37% to 112.7 million Pounds in Q3 2010 when compared to same quarter last year at Michael Page International Plc (MPI:LSE), the professional recruitment specialist and 11th largest staffing company in Europe. A trading update for the third quarter 2010 ended 30 September...


World — Global economy remains fragile, says IMF

7 October 2010

With the world still trying to bounce back from the global economic crisis, the International Monetary Fund (IMF) says in its latest 'World Economic Outlook' that the recovery remains fragile and uneven. Unemployment remains a major economic and social challenge. More than 210 million people acro...


Europe — GDP up by +1% in Q2 2010 compared to previous quarter

7 October 2010

Euro area (EA16) and European Union (EU 27) GDP increased by +1.0% during the second quarter of 2010, compared with the previous quarter, according to second estimates from Eurostat, the Statistical Office of the European Union. In the first quarter of 2010, growth rates were +0.3% in the Euro ar...


UK — Matchtech restructures to address market changes

7 October 2010

Revenues were down by -2% from 269.6 million Pounds in 2009 to 264.4 million Pounds in 2010 at Matchtech Group Plc (MTEC:LSE), the specialist technical recruitment company. Preliminary results for the year ended 31 July 2010 reveal that H2 revenues were up by +11% in 2010 compared to the previou...


Germany — Minister in favour of substantial wage increases

7 October 2010

The Federal Ministry of Economics and Technology, Rainer Brüderle, has told German daily Hamburger Abendblatt that "when the economy is doing well substantial wage increases are possible." Whilst Brüderle made it clear that wage increases were a matter, which must be decided via collective barga...


UK — Hays's net fees up by +21% with strong contribution from Asia Pacific

7 October 2010

Net fees were up by +21% in the first quarter of the financial year ended 30 September 2010 compared to the same quarter last year at Hays Plc (HAS:LSE), the fifth largest staffing company in Europe. An interim management statement released today shows that net fees in constant currency were up...


Belgium — Federation opposed to the simple abolishment of daily temporary employment contracts

7 October 2010

The Federation of Employment Partners (Federgon) has responded to demands by the FGTB union to simply abolish temporary employment contracts, which only last one day. The Federation says in a statement "such an abolishment is unthinkable for Federgon. Daily contracts are often necessary for a go...


France — Unemployment falls slightly in Q2 2010

6 October 2010

The latest statistics published today by DARES on behalf of the French government reveal that employment in the private sector (excluding agriculture) has grown by +24,000 jobs in the second quarter of 2010. This follows a growth of +36,000 jobs in the first quarter of 2010. In the services sect...


UK — Slowdown in recruitment growth continued in September

6 October 2010

The latest monthly Report on Jobs published today by the Recruitment and Employment Confederation (REC) and professional services group KPMG reveals permanent staff placements and temporary/contract staff billings both rose at weaker rates in September. The latest increase in permanent appointmen...