Revue de Presse - London - fév 2007

RECRUITMENT

Equity researchers: life after ABN? 20/02/2007  ABN AMRO is trimming its equity research team. How easy will it be for the redundant researchers will walk into new jobs elsewhere? Financial News reports that the Dutch bank is lopping a technology sector analyst, telecoms analysts, and a head of mid-cap oil research as part of its programme to cut front-office staff in London by 10%. http://news.efinancialcareers.co.uk/JOB_MARKET_ITEM/newsItemId-9391Bonus banked, now bye-bye - 23/02/2007 A new survey suggests most City employees received more than last year in the recent bonus round. But they're still planning to move on. The survey of 149 middle and back office professionals by recruitment firm Morgan McKinley, suggests 62% of them received more than they got for 2005, and 66% were happy with their payouts. Nevertheless, nearly half said they were planning to change jobs once their bonuses are banked. http://news.efinancialcareers.co.uk/PAY_ITEM/newsItemId-9438

A buoyant recruitment market for graduates interested in the financial services  -  by Mike Barnard on 20th February 2007 - Milkround  Graduates looking to work in the London finance sector are in demand.   According to research by recruitment consultancy Robert Half Financial Services Group, half of all employers based in the City and Docklands will increase their number of full time financial service staff in the next six months. Almost half expect starting salaries to rise in the first half of 2007, while more than a third of financial service employees will receive bonuses higher than last year.   The City Recruitment Index, a survey of almost 140 companies across the City of London and Docklands, points to business expansion as the main reason for the increasing demand for staff as well as an increase in workload.   Neil Owen, of Robert Half Financial Services Group, said: Our latest survey is a clear indication that the City and Docklands recruitment market is set to remain buoyant during 2007 and that employers recognise the value of retaining staff and are prepared to invest in their people by offering higher bonuses and increasing salaries. It's also encouraging to see that this increase in hiring intentions is being driven by business expansion, rather than staff turnover.

 

UK Unemployment Drops Unexpectedly as Jobs Gain - Bloomberg  London's investment banks will hire in record numbers in 2007, a survey by the recruitment company Morgan McKinley showed Jan. 18. http://www.bloomberg.com/apps/news?pid=20601102&sid=aELW_w7PhP.4&refer=uk

 

GENERAL

 

Wall Street 'threatened by London' - Matt Henkes - 16-Feb-2007

The City of London is ideally placed to capitalise on global shifts in international trading, a new report has said. The research published by Goldman Sachs said that the days of Wall Street as the world's financial centre are numbered.

 http://www.financeweek.co.uk/cgi-bin/item.cgi?id=4834&d=pndpr&h=pnhpr&f=pnfpr

 

LIFE IN THE CITY

 

City life's a tough test - 15/02/2007 - Times

http://www.timesonline.co.uk/tol/life_and_style/career_and_jobs/graduate_management/article1385047.ece