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UK — Nearly half of London's financial services professionals expect bonus payouts to be higher than last year

11 October 2010

In September 2010, professional recruitment consultancy Morgan Mckinley (subsidiary of Premier Group) surveyed 235 professionals across the financial services sector in London. The survey found that 88% expect to receive a bonus in the 2010/11 bonus round, compared to 82% in September 2009. Looking at...

Germany — Minister criticised for 'inexpensive rhetoric' on pay conditions for temporary employees

8 October 2010

In a leading article the Financial Times Deutschland (FTD) has criticised the recent comments on pay rises by the Federal Minister of Economics and Technology, Rainer Brüderle as "inexpensive rhetoric".

Brüderle had told German daily Hamburger Abendblatt that "when the economy is doing well, substantial...

UK — National Census will create 43,000 temporary jobs

8 October 2010

The National Census, to be carried out on 27 March 2011, is expected to create 43,000 part and full-time temporary jobs: 35,000 in England and Wales, 6,000 in Scotland and 2,000 in Northern Ireland, the BBC reports.

In England and Wales the census will be run by the Office for National Statistics (ONS). ...

World — Growth slows for fifth month but some glimmers of hope emerge

8 October 2010

The latest JPMorgan Global Purchasing Managers Output Index (PMI), compiled by Markit from national PMI manufacturing and service sector survey data, fell in September to signal the weakest rate of worldwide economic growth since November of last year. The PMI has dropped steadily since hitting a peak...

Netherlands — Randstad sells niche player Voxius

8 October 2010

Staffing agency Randstad has sold its majority share in specialist lawyer staffing firm Voxius back to Voxius management for an undisclosed sum, Dutch daily Het Financieele Dagblad reports.

Voxius board member and founder Ruud Harinck sold the majority share in his specialist staffing agency to Vedior...

Switzerland — Unemployment falls to 3.5% in September 2010

8 October 2010

According to the latest statistics published today by the State Secretariat for Economic Affairs (SECO) there were 140,040 unemployed individuals registered with the regional job centres (RAV) at the end of September 2010. This was 2,839 less than in the previous month.

The unemployment rate fell from...

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 high volume...

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 reveals...

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 across the...

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 area and...