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Germany - Consumer climate declines moderately in August

25 August 2011

A varied picture emerges in the development of consumer sentiment in Germany this August. While willingness to buy once again improved from an already high level, the declines in economic expectations and income expectations have been significant and moderate respectively. The overall indicator, published...

Switzerland - Pessimism prevails on economic development

25 August 2011

Economic expectations for Switzerland have diminished for the fourth month in a row. In August, the indicator plunged by -12.5 points to the minus 71.4 point mark, thus reaching an extraordinarily low level, according to the latest ZEW-CS Indicator.

The ZEW-CS Indicator is calculated monthly by the Centre...

UK - 20% of young adults classified as NEET

25 August 2011

Young adults are continuing to struggle to gain a foothold in the labour market according to the latest figures released by the government. The latest statistics from the Department for Education on the numbers of young people not in education, employment or training (NEET) show that:

• In the...

UK - Michael Page's shares up amid takeover rumours

24 August 2011

The shares of Michael Page International Plc (MPI:LSE), the specialist recruitment consultancy, jumped +11.8 Pence or +3.36% to 362.3 Pence last night as dealers heard late whispers that staffing giant Randstad could be lining up a 1.58 billion Pounds or 5 Pounds a share cash offer for the company, specialist...

UK - HB International acquires Ingram Mayet backed by James Caan

24 August 2011

Global executive search firm, HB International, has acquired specialist recruiter Ingram Mayet for an undisclosed sum. The newly formed joint venture will be branded HB Ingram Mayet.

HB International has experienced strong growth since its inception at the end of 2007. It has doubled profits year-on-year...

Eurozone - Manufacturing drives rise in employment

24 August 2011

The 'Flash Eurozone PMI Composite Output Index', published by research firm Markit, was unchanged at 51.1 in August. The latest reading signalled a rate of increase identical to July's twenty-two month low and a further near-stagnation of private sector output.

Services output grew only modestly, posting...

UK - 83% of employers intend to keep or raise agency staff levels

24 August 2011

Continuing fragility in the UK economy has resulted in employers increasing their long-term demand for flexible staffing whilst downgrading their plans to increase their permanent workforce in the medium and the long-term, according to the Recruitment and Employment Confederation (REC) latest employers'...

UK - Cuts pressure mounts as public sector struggles to curb wage bill

24 August 2011

Public sector organisations have not implemented effective measures to reduce reward spend, despite a potential risk to jobs, according to new research from global management consultancy, Hay Group.

With the government imposing cuts of around 20% across the public sector and wages accounting for up to...

UK - Employers prefer immigrants to 'unemployable' young nationals

24 August 2011

During the week when the latest quarterly immigration statistics and the General Certificate of Secondary Education (GCSE) results are published, new research from the Chartered Institute of Personnel and Development (CIPD) finds recruitment demand for school leavers has fallen since last year,...

Germany - Industry plans +14% more investments despite falling economic sentiment

24 August 2011

Two seemingly contradictory reports came out of Germany yesterday. According to the latest enterprise survey published by the Ifo Institute for Economic Research, a significant increase in capital expenditure in the West German manufacturing sector is expected for 2011 after the investment slump in 2009...