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Monthly Archives: March 2012

Breaking News

The government has warned it will consider a ban on alcohol advertising unless more action is taken to reduce young people's exposure to it. Global Radio, the owner of the Capital and Heart stations, has appointed Martin Plant as its commercial trading director. Steve Williams, group chief executive at OMD Group, is leaving the agency to take the role of president at Omnicom's sister agency PHD in New York. PHD Worldwide has appointed Malcolm Devoy to the newly created role of international strategy director. Publicis London has poached the Ogilvy & Mather creative director Andy Bird as its executive creative director in a move that has prompted the departure of Adam Kean, who previously held the role. Fallon has promoted its creative partner Santiago Lucero to executive creative director, with the remit of redefining the agency's approach to creative delivery. UBS WEALTH MANAGEMENT AMERICAS The wealth management firm hired a Merrill Lynch team that generated $4 million in revenue during the past 12 months, the…

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Overcome by technology

With unbelievable technology at our fingertips, are we any more productive at work today than we were 20-30 years ago? No way. The tools we now take for granted are paralyzing us and the only reason I'm writing this article now is my internet connection has gone down and I can't follow the cricket on the Guardian website. New ways of working require new structures, to ensure sufficient time for clear objective- making and correct business decisions; we need to find a new channel through the IT-heavy seas of the new work environment. David Allen, productivity consultant and author of "Getting Things Done", gives the following as examples of comments he hears in his line of work: - "I'm overwhelmed and it's getting worse. There aren't enough hours in the day to do my job." - "I have too many emails and the backlog keeps growing." - "I have too many meetings to attend and I can't get any 'real' work done." - "I feel…

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Financial Focus highlights

· Eurozone plan to hold €240bn in reserve for bailouts · Japanese production decline undercuts signs of recovery · Investment banks face a disappointing year · UK home-loan lending at 8-mongh low in February · Asian markets mixed, but Nikkei set for strongest rally in 24 years · European markets set to rebound after US rally late in session · Euro rises toward month high before EU finance meeting · Yen strengthens after Japanese consumer prices unexpectedly rise · Oil rebounds from year’s biggest decline on Iran tension · Commodity hedge fund managers underperform in Q1

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Breaking News

Pasty row hots up for David Cameron. The West Cornwall Pasty Company outlet at Leeds station where PM recalls enjoying his last pasty (similar to mini boeufs en croute) closed two years ago. Stuart Lancaster to be appointed England's head coach by RFU. Publicis London has poached the Ogilvy & Mather creative director Andy Bird as its executive creative director in a move that has prompted the departure of Adam Kean, who previously held the role. ASX Australia's ASX, operator of Asia's fourth-largest bourse, appointed Roderic Holliday-Smith as chairman. He will replace David Gonski who was appointed chairman of the Australian government's sovereign wealth fund earlier in the month. ABU DHABI INVESTMENT AUTHORITY The Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, has appointed Eduardo Favrin as head of Latin America in its latest move to strengthen its emerging markets platform. MITSUBISHI UFJ SECURITIES The subsidiary of Mitsubishi UFJ Financial Group Inc (MUFG) named Cliff De Souza as its principal…

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Financial Focus

George Osbourne's pasty tax and other hikes in VAT will push up the cost of living even further, according to official figures out yesterday, while new data suggests higher wages could also be about to stoke inflation. The tax on hot food sold in retail outlets, along with higher duties on fuel, cigarettes and alcohol, will pile 0.38 percentage points on to the consumer price index (CPI) one-monthly rate, the Office for National Statistics (ONS) said yesterday. FACEBOOK will suspend trading of its shares on the secondary market from next week in a sign the social network is inching closer to its mammoth IPO, expected in May. SharesPost, a company that facilitates trading of unlisted shares, said yesterday it will stop processing trades of Facebook stock at close of play on Friday “to help ensure the company’s orderly transition into the public markets.” Facebook shares were trading at around $43 on SharesPost last night, valuing the company at just over $100bn. THE UK GOVERNMENT was…

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Breaking News

Shock slowdown in UK growth as GDP contracts 0.3 percent. The Sun on Sunday has lost around one million in sales since its launch five weeks ago, according to unofficial figures from rival newspapers. Wieden+Kennedy Amsterdam has promoted Clay Mills, head of business development and group account director on its global Heineken business, to the role of managing director. Johnny Vaughan, the former Capital Radio breakfast host, is to join Absolute Radio to present a two-hour evening show during the 2012 London Olympic Games. RAYMOND JAMES FINANCIAL INC The investment bank and brokerage has expanded its adviser base in Arizona, adding a veteran Wall Street broker who most recently worked at Morgan Stanley Smith Barney, where he managed $200 million in client assets. JPMORGAN CHASE & CO The Wall Street bank said its board had nominated Timothy Flynn, retired chairman of KPMG International, for election as a director at the bank's May 15 annual shareholders meeting. KOHLBERG KRAVIS ROBERTS & CO John Mack, whose aggressiveness…

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The way to quit on a high

Quitting a job can feel like leaving a marriage. So much of your identity has been tied up in that job, so leaving it is like making a new start. When people quit their job, it’s usually for a variety of reasons. They can be bored and not feel stretched enough, they might be clashing with their manager, they might have had a better offer or they might be relocating elsewhere. People do it all the time. Unfortunately, many don’t do it that gracefully and end up burning bridges in the process. Never a smart move, because you never know. You might have to come back, or your paths may cross again. Quitting a job needs to be done strategically. The first thing you need to do is ask yourself why you want to quit. Is it the right time to quit? If the issue is a personality clash, can it be resolved by transferring to another department? When quitting, give your boss the news…

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Financial Focus highlights

· Abu Dhabi royals involved in RBS talks · King warns Jubilee will hit economy · Dublin confident of ECB deal to defer payment · Asian shares drift lower as U.S. uncertainty resurfaces · S&P 500 starts positive pushing to near 4 year high · Yen gains versus peers as stock drop boosts refuge demand · Oil drops from one week high on rising U.S. supplies · Gold hovering as investors wait or more trading cues

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Breaking News

First-class stamps to cost 60p. A first-class stamp will rise in price from 46p to 60p from 30 April after the regulator lifted some price controls on Royal Mail. JCDecaux, the outdoor advertising company, has appointed Helena Kavanagh as managing director of its street furniture division. Chris Warren, one of the founders and former chief executive of TMW, is to join direct agency Indicia as its first non-executive director. Virgin Group has hired James Tipple, former vice-president of marketing for Yahoo! EMEA, to the new role of brand director for Europe. Nintendo UK has lost another senior marketer, as head of home console marketing Rob Lowe leaves the company after eight years to take up the marketing director role at BBC Worldwide. MORGAN STANLEY SMITH BARNEY The largest U.S. brokerage by client assets has hired a team of four former UBS AG advisers, who managed $800 million in client assets at the firm, in one of the biggest team hires out of UBS this year.…

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Financial Focus

MARKETS rose on hopes of more quantitative easing (QE) yesterday after US Fed chairman Ben Bernanke said the recovery may need more support. The central banker hinted at more money printing, arguing more action should be taken to push boost jobs. “Despite the recent improvement, the job market remains far from normal,” he said. “Further significant improvements in the unemployment rate will likely require a more rapid expansion of production and demand from consumers and businesses, which can be supported by continued accommodative policies.” FORMER IMF chief Dominique Strauss-Kahn was placed under formal investigation yesterday by authorities looking into a suspected prostitution ring in the French city of Lille, his lawyer said, following a day of questioning by judges in a closed courtroom. The investigation on suspicion of complicity in a pimping operation is the latest judicial headache for the Socialist former-finance minister. The move could lead to a trial but it falls short of charging him. THE BANK OF ENGLAND said investors remain concerned…

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