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European investment in West Midlands

The European Commission has given the go ahead for a £270 million investment programme in Worcestershire and across the region as part of a five-year programme to boost new business in the area. It is expected that the investment will help the region create more than 10,000 new jobs and support 22,000 businesses.

The investment programme, facilitated by the European Regional Development Fund (ERDF), will focus on reducing unemployment and increasing the productivity of the West Midlands’ business base while ensuring sustainable economic growth.

Oxford job fair

The next Oxford job fair will take place on Thursday the 21st February 2008, from 10am to 5pm at the Oxford town hall in St Aldates and is free to all visitors.

This is an opportunity for employers in the area to show their commitment to training and personal development of potential staff.

McDonald’s creates new jobs

McDonald’s plans to open up to 15 new restaurants in the UK in 2008, and they hope to open 20-30 more a year beyond that.

This is first number of openings at McDonald’s in the UK since 2003 and will create around 600 jobs in 2008.

Hedge Funds not so safe after all…

For the last decade Hedge Funds have been seen as the fail safe in the financial services sector. Today, media reports suggested that, Hedge funds suffered their worst month of performance in 10 years indicating that the instability of the market is effecting everyone!

Another bad week in Investment banking…

The investment banking industry has not had the best of years. The combination of the credit crunch and now the Societe Generale scenario has created scepticism across the sector.

It would seem that although bonus’ are down on last year, they are not as bad as some feared. Nonetheless we are now beginning to see some casualties. This week Citigroup announced that it is about to lay off 400 investment banking staff, part of a global headcount reduction of 4,200 staff.

The cuts are likely to be seen across a range of business lines in the UK’s Canary Wharf office.
The bank currently employs about 11,000 in the UK.

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