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BAE to axe nearly 3,000 jobs. Defence companyBAE Systems has confirmed it is cutting almost 3,000 jobs at sites across the country, mainly in its military aircraft division.

Retail giant Marks & Spencer was fined £1 million today for failing to protect customers, staff and workers from potential exposure to asbestos during refurbishment at one of its stores.

Aston Martin fends off Apple to be named coolest brand of 2011.

AOL Europe chief Kate Burns is to leave the company next month and will be replaced by Rene Rechtman, as head of Europe for Advertising.com, and Jimmy Maymann, as head of media outside North America.

Gideon Lask, HMV’s former e-commerce and managing director, is launching a “co-buying” company today (28 September) that aims to be an evolution of group-buying sites such as Groupon and LivingSocial.

WESTPORT CAPITAL PARTNERS LLC

The real estate investment firm named Marian George as assistant vice president of the legal department. Prior to this, George was an associate at the law firm of Goodwin Procter LLP for over four-and-a-half years.

MAREX SPECTRON

The company appointed Kevin Maloney as COO of Marex Spectron North America. Prior to this, Maloney was at UBS for 12 years, most recently as managing director, chief operating officer and chief administrative officer of exchange-traded derivatives/ prime services business units.

JONES DAY

The company named Alice Yurke as a partner and Jonathan Ching as counsel in the banking & finance practice.

BREWIN DOLPHIN

The private client investment firm appointed David Guild as a divisional director of investment management. Guild joins with Riccardo Persona and Debbie Davies, two of his former team members, from UBS AG .

HDFC BANK

India’s no.3 lender appointed Ajay Marwaha as executive vice president and Head, Trading, in the Treasury Department. Marwaha was previously with Daiwa, India, where he was managing director and head – fixed income currencies & commodities (FICC).

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