Morgan Sindall claims the first Connaught job

first_img Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Morgan Sindall claims the first Connaught job whatsapp whatsapp KCS-content Sharecenter_img CONSTRUCTION group Morgan Sindall struck a deal with Connaught’s administrator KPMG to acquire the bulk of its social housing repair operations last night, according to several people close to the agreement. Morgan Sindall is set to announce the coup to the stock market today, in a move that will secure jobs for around 2,500 of Connaught’s 4,000 social housing staff. The firm’s Staffordshire-based public sector arm Lovell has taken on the work for between £20m and £40m, and expects to generate around £200m a year from the contracts. The purchase comes just days after most of Connaught’s business fell into administration, and rivals have been quick to pounce on its remaining contracts with local authorities. KPMG said it has already had numerous expressions of interest for the stricken firm’s operations, and that it would keep the business trading until the contracts had been sold. Rival property firm Mears declined to comment on Connaught’s remaining contracts yesterday. KPMG and Morgan Sindall declined to comment on the sale. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Thursday 9 September 2010 8:44 pm Tags: NULLlast_img read more

Tensions rise among MPC over more QE

first_imgSunday 3 October 2010 10:20 pm Tags: NULL KCS-content Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Tensions rise among MPC over more QE SPECULATION of a three-way split among the Bank of England’s Monetary Policy Committee (MPC) has intensified in recent days, creating a debate among City economists about whether the Bank will loosen policy even further. External MPC member Adam Posen last week put the cat among the already nervous pigeons when he argued strongly in favour of further quantitative easing (QE) if Britain is to avoid a Japan-style stagnation. Although Posen said his vote should not be seen as a foregone conclusion, the likelihood of a three-way split has grown, with Andrew Sentance remaining the hawk. Three-way splits are relatively rare – the last time was in July and August of 2008. Since central bank independence in 1997 there have only been three other occurrences of a three-way split. Recent economic data has proved disappointing. On Friday, the September manufacturing purchasing managers’ index (PMI) showed a slowdown while public spending cuts are expected to curb activity and economic growth. However, the MPC is faced with persistently-high inflation, which will be stoked by rising food prices and the Janaury VAT hike. Sentance argues that the MPC risks losing its inflation-fighting credibiliy if no action is taken. But economists doubt that either Posen or Sentance will sway the MPC this month: “With long-term inflation expectations roughly stable, Sentance’s worries over lost MPC credibility lack immediate bite. At the same time, Posen’s case – that the UK is like Japan – is weakened by the marked pick up in nominal GDP and ongoing stimulus from the low pound,” said Citi’s Michael Saunders.November is seen as a likely month for the Bank to move. Until then, committee members’ speeches and interviews will be scrutinised for hawkish or dovish tones. center_img whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapplast_img read more

City workers expect higher bonus in 2010

first_imgMonday 11 October 2010 8:17 pm whatsapp Tags: NULL whatsapp Show Comments ▼ KCS-content City workers expect higher bonus in 2010 center_img Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Meanwhile, a survey by careers website eFinancialCareers.com found 57 per cent of City workers expected their bonus to be higher than last year, while one in five believe their bonus will be over 50 per cent higher than a year ago.The majority (51 per cent) of bankers also believe most of their bonus will be paid in cash despite the recommendation by the Financial Services Authority (FSA) that cash payments should be limited to less than 50 per cent of a total bonus.Half of City workers also expect to receive their full bonus rather than seeing some of it deferred. Only 28 per cent appear to know whether their firm has a clawback policy, said the website.The survey results come as JP Morgan Chase prepares to report its third quarter earnings tomorrow, which typically include details of its bonus pool, effectively beginning the bonus reporting season. CITY workers are approaching the bonus season with more confidence than they were last year thanks to an improvement in the financial services job market, according to two new reports. City recruitment company Morgan McKinley found 88 per cent of City workers expected to receive a bonus, up six per cent from last year, while 73 per cent expect their bonus to be equivalent to at least 30 per cent of their annual salary. A total of 48 per cent expect their bonus to be higher than last year, while 41 per cent expect it to be about the same. A further 72 per cent of City professionals say they are more confident about their job prospects than last year. Morgan McKinley found City job opportunities increased 23 per cent year-on-year from 3,843 jobs in August 2009 to 4,725 in September 2010. last_img read more

Nationwide says house price slump unlikely

first_img Nationwide Building Society, Britain’s second-biggest mortgage lender, reported a 26 per cent jump in first-half profit, and said it did not expect big house price falls despite signs of property market weakness.Nationwide, which publishes a closely watched monthly house price survey, said major price falls were unlikely in 2011 because continued low interest rates would keep mortgatges affordable and prevent a flood of distressed sales.Mutually-owned Nationwide made an underlying pretax profit of £147m in the six months to end-September.The improvement reflected a 44 per cent drop in bad debts as a partial recovery in commmercial property prices since mid-2009 helped more customers avoid defaulting on loans.Britain’s retail banks have all reported stronger profits in the past year as tighter lending criteria and a tentative economic recovery have helped reduce loan impairments.Mortgage and savings-focused Nationwide, the country’s biggest customer-owned lender, has emerged as a relative winner from the financial crisis, snapping up financially weaker rivals including the Cheshire and Dunfermline building societies.The Bank of England, which slashed interest rates to 0.5 per cent during the crisis two years ago, was unlikely to start raising borrowing costs until the end of 2011, Nationwide said.“We think house prices will remain relatively flat for the next few months, with some possible downward migration, but nothing significant,” chief executive Grahame Beale told reporters on a conference call.Surveys show house prices have been falling over the past three months, reflecting scarce mortgage finance and worries over the economic impact of government spending cuts aimed at reducing Britain’s budget deficit.Nationwide also said it was losing out on £300m per year because of a pledge to cap its base mortgage rate at two percentage points above the Bank of England rate, relative to the typical four per cent rate offered by other lenders.Over a third of Nationwide mortgage customers now pay the base rate, and more are choosing to revert to it when their fixed-term loans expire, the company said. John Dunne Show Comments ▼ Tuesday 23 November 2010 5:35 am Tags: NULL Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam whatsapp Nationwide says house price slump unlikely last_img read more

City streetworks vital for business success

first_img Share City streetworks vital for business success KCS-content whatsapp ANYBODY who has ventured out onto the Square Mile’s streets knows the City’s microclimate – shaped by a so-called urban heat island effect – has not escaped the Arctic winter.The freezing weather has caused transport misery for people up and down the country and unfortunately, at the risk of stating the obvious, the weather is beyond our control. We have worked hard to clear the snow, but sub-zero temperatures increase the likelihood of pipes bursting. This increases the need for additional streetworks on top of what is happening, adding further to the public’s frustration when trying to navigate our City roads. We are liaising with the other agencies to minimise disruption but solving the underlying issues in a place like the City, which combines ancient street design with modern infrastructure needs, is far from simple.International finance firms demand that we keep pace with technological change and want the best available services – from internet networks to basic utilities. So, sadly, digging up the road is part of keeping the City globally competitive, particularly when the emerging financial centres in Asia build in technological excellence from the very beginning. If we fail to keep up then we will lose our competitive edge, and our increasingly globalised businesses.For example, more than a third of all streetworks relate to telecoms and this reflects the choice and competitiveness of the myriad of providers, each offering a better service deal than the next, and all entitled to dig up the road to make sure your firm gets it.We try to get gas, water, electricity and telecoms to work together but it’s hard to do, not least because working on water and electricity or gas at the same time is not safe practice. In just the 11 months from January to the end of November, 5,346 permits were granted for the City’s 53 kilometres of streets, some 100 per kilometre, or one every 10 metres if none of them overlapped (which they often do). More than three thousand were from utility companies, with the rest for fixing the street or improving the public realm.So it really is a spaghetti nightmare under our feet.It is clear more forward planning and information are needed. We are working on a new real-time GPS mapping system to improve coordination, but there will always be emergency works that cannot be planned for.Both utilities and the City have to do better at planning works, but street works are for the long-term benefit of local businesses and residents. We can’t maintain a world-class business environment by standing still, even if the disruption caused is frustrating.Stuart Fraser is policy chairman at the City of London Corporation Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndocenter_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.com Monday 3 January 2011 10:31 pm Show Comments ▼ whatsapp Tags: NULLlast_img read more

Chip producer ARM boosted by results

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBe20 Stunning Female AthletesBetterBeBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm SHARES in British chip manufacturer ARM Holdings, the firm behind Apple’s iPad, rose following a 72 per cent increase in full-year profits, despite warnings of a dot com bubble from analysts.Profits for the FTSE 100 chipmaker rose to £167.4m before tax in the year to 31 December, up from £96.8m the year before.Revenues increased to £406.6m in the year to December for the Cambridge-based firm.ARM’s chips, which feature in the iPhone and iPad, consume less power than traditional PC microprocessors, vital for battery-powered devices.Shares rose 6.10 per cent to 547.5p yesterday, raising concern amongst analysts as to whether the stock is over-priced.Analyst James Cranshaw said: “It’s one of these shares that traders and momentum investors see as going up so they buy it as it’s going up. “We think that there’s a bubble in the share price. It doesn’t reflect reality and it could take a long time before the market wakes up to this.”He added: “It seems to be that the prices of chips just keep on going down and down. If you want to expect good revenue growth for ARM, it’s not quite good enough to justify the valuation that it’s trading at.”However, Standard and Poor’s upgraded its rating from “strong sell” to “sell” following the better than expected fourth quarter results.Earlier this month, ARM tied up a deal to provide chips for Microsoft’s next version of its Windows operating system.The Windows software will be designed for battery-powered products such as tablets and smartphones, for which ARM will start receiving royalties in about two years. Chief executive Warren East said: “ARM continues to sign licenses with influential market leaders in an increasingly digital world, and as the industry chooses ARM technology in a broadening range of electronic products, it further drives our long-term royalty opportunities.” Chip producer ARM boosted by results Show Comments ▼ whatsapp Sharecenter_img Tuesday 1 February 2011 8:59 pm KCS-content whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tags: NULLlast_img read more

Watchdog finds excess Sky profit

first_imgMonday 7 February 2011 9:21 pm BRITISH Sky Broadcasting has made “excess profits” on its Sky Movies service, according to the Competition Commission. The company, which is the subject of a takeover bid from Rupert Murdoch’s News Corporation, has an exclusive deal with the six big Hollywood studios and may now be forced to lower its wholesale price to other broadcasters who want to show its ten film channels. The commission found Sky Movies had consistently earned excess profits that were disproportionate to the risks it took early on in the deals. KCS-content Share Watchdog finds excess Sky profit whatsapp Show Comments ▼ Tags: NULL whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut last_img read more

Why the devil is always in the detail

first_imgWednesday 16 February 2011 9:14 pm KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tags: NULL Sharecenter_img whatsapp More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKansas coach fired for using N-word toward Black playerthegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Why the devil is always in the detail Show Comments ▼ AT LAST, proof of what we had all been suspecting: official measures of inflation have failed to pick up actual price rises. Yesterday’s Inflation Report from the Bank of England contained a fascinating gem: the revelation that consumer price index (CPI) inflation has been underestimated by 0.3 per cent a year for the past 12 years as a result of an astonishing blunder by the hapless Office for National Statistics. The difference on the retail price index (RPI) measure of inflation was even greater – prices were going up even faster than the government had been telling us. The ONS over-estimated the extent of the collapse in clothing costs from 1997 to 2009, seemingly because it focused on prices during the sales and forgot about the rest of the year.This may seem like a small error but it was a major gaffe. Interest rates would undoubtedly have been higher every year during the bubble had the Bank known prices were going up as much as they were. Even half a per cent more on rates would have dampened credit growth and property prices; the bubble wouldn’t have been as bad. And anybody with contracts, bonds or pensions linked to inflation lost out because of the errors.While King’s revelations came out of the blue, the poorish employment figures were less surprising given the slowdown during the last quarter of 2010. Youth unemployment is once again a shameful blight on British society. But the labour market performance last year was more balanced than the headlines in other media might suggest. There were 500,000 job vacancies in the three months to January 2011, up 40,000 from the three months to October 2010 and up 20,000 from a year earlier, once again highlighting that skill and attitude shortages are a major issue. The number of people in employment was 29.12m in the three months to December 2010, down 68,000 from September but up 218,000 on a year earlier. In other words, employment rose by 0.8 per cent last year – even though public sector employment fell by 77,000, or 1.3 per cent. The badish news is that all of the annual rise was made up of part-timers, with the number of full-time jobs down by 5,000.However, total hours worked per week were 924.6m in December 2010, up 3m from the September 2010 and up 16m (or 0.8 per cent) on the year. And even though UK GDP supposedly grew by just 1.4 per cent last year, the private sector created an extra 1.3 per cent jobs (296,000, to be precise) including a net rise in full-timers. The private sector is easily making up for public sector job cuts, which have come earlier and faster than predicted. However, it didn’t grow enough to keep up with the labour force, which is why unemployment rose by 40,000 in the three months to December 2010, compared with a year earlier. The number of people on Jobseekers’ Allowance in January 2011 was 1.46m, up 2,400 on December but down 157,100 on a year earlier. This is not an especially useful figure. As the welfare reforms kick in, and criteria on benefits are tightened, more people will be reclassified as out of work on that measure, rather than sick. So far, this has not been a jobless recovery, contrary to what many have claimed. But much more needs to be done to help the jobless: the coalition needs to make it easier, cheaper and safer for firms to take on staff. Real action, rather than speeches about the Big Society, is urgently [email protected] me on Twitter: @allisterheath last_img read more

Disney to build park in Shanghai

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comLoan Insurance WealthCatherine Bell’s New Girlfriend Might Look Familiar To YouLoan Insurance WealthAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Sunday 10 April 2011 10:40 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap KCS-content Tags: NULL Sharecenter_img whatsapp whatsapp Disney to build park in Shanghai Work has started on Disney’s first amusement park in mainland China. The park in Shanghai is expected to cost £2.3bn to build and is due to open by 2016. The attraction, on the site of the 2010 Expo, will be home to the Shanghai Disneyland, two hotels, a lake and a shopping mall. The entertainment giant is also expanding its Hong Kong resort, with work expected to end in 2013. last_img read more

Michigan House approves online gambling

first_img Michigan House approves online gambling Legal & compliance Topics: Legal & compliance Regions: US Michigan Lawmakers in the US state of Michigan have approved a bill that is set to lead to the creation of a Lawful Internet Gaming Act.Approval of the online gambling bill came thanks to a 68-40 vote to regulate versions of licensed casino games. The bill now requires the support of the senate before being signed off by the state’s Governor.Under the legislation, all online bets for those aged 21 and over would take place via existing casinos in the state, with a Division of Internet Gaming being introduced within the Michigan Gaming Control Board, which would issue licences.Casinos would be required to pay a $100,000 (€86,000) application fee, before a further $200,000 for the initial licence and an additional $100,000 per year thereafter. The licence-holders would be subject to an 8% tax on gross gaming turnover.Fifty-five per cent of the tax will be allocated to the city in which the casino is located, with 5% given to schools, 5% handed to the state’s transportation fund and 35% allocated for a new Internet Gaming Fund, which will regulate the legislation.“People in Michigan are already gambling over the internet, but they are doing so at risky and illegal websites,” said Rep. Brandt Iden, who tabled the bills. “The Michigan websites will have strict state oversight, unlike the illegal and unregulated sites our resident use now, at great risk to their finances and personal information.”Online gambling is already allowed in some form in the states of Delaware, Nevada, New Jersey and Pennsylvania. Illinois, Louisiana, Massachusetts, New Hampshire, New York and West Virginia have considered online gambling bills so far this year.Related article: Michigan bill now includes sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 14th June 2018 | By contenteditor Subscribe to the iGaming newsletter Tags: Online Gambling Lawmakers in the US state of Michigan have approved a bill that is set to lead to the creation of a Lawful Internet Gaming Act Email Addresslast_img read more