Michael Page sees profit rise as job market picks-up

first_img whatsapp Monday 16 August 2010 3:24 am 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 ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Michael Page sees profit rise as job market picks-up by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthFactAheadMan Gives Girlfriend A Necklace, 2 Years Later She Screams When She Realizes What’s InsideFactAheadBill CruncherArizona Drivers With No DUI’s Getting A Pay Day This Month (Check If You Qualify)Bill Cruncherautooverload.com25 Hilariously Impossible Construction Mistakesautooverload.comPersonal Loans | Search AdsAmericans May Get Loans Approved Regardless of Credit: Take A LookPersonal Loans | Search AdsEliteSinglesThe Dating Site for Highly-Educated Singles in ScottsdaleEliteSinglesFormula Injury ClaimsBaby Formula Linked to NECFormula Injury ClaimsMisterStoryWoman files for divorce after seeing this photoMisterStoryNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableycenter_img WHITE collar recruitement specialist Michael Page said first-half profit climbed 42 per cent compared with last year as job flow in almost all markets, especially outside Britain, improved.Michael Page, which finds jobs for people in financial, accounting and legal services, said pre-tax profit was up to £61.4m in the six months to 30 June against £43.2m for the same period last year.Chief executive Steve Ingham said in a statement: “We delivered a strong performance in the first half of 2010, driven largely by greater permanent recruitment activity as confidence levels improved, leading to higher rates of job churn.“In the UK, continental Europe and North America, we have experienced improvements in job flow in virtually all markets,” he added.Job levels in the UK were largely flat, the company said and the improved job confidence and turnover over staff was largely seen in Asia and South America, where the company has sought to expand its business.Michael Page said there was evidence job market conditions in the United States were steadily improving and gross profit in the region was up by 29 per cent. John Dunne Share Show Comments ▼last_img read more

US consumer confidence rises modestly in August

first_imgTuesday 31 August 2010 8:50 pm More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com US consumer confidence rises modestly in August whatsapp whatsapp US consumer confidence rose modestly in August, lifted by a mild improvement in the short-term outlook, according to a private report released yesterday.The Conference Board, an industry group, said its index of consumer attitudes rose to 53.5 in August from an upwardly revised 51.0 in July.The median of forecasts from analysts polled by Reuters was for a reading of 50.5. Forecasts ranged from 47.5 to 55.0. July’s reading was revised up from an original reading of 50.4. The expectations index rose to 72.5 from 67.5 in July.The present situation index fell to 24.9, the lowest since February, from 26.4 in July.Consumers’ labour market assessment worsened. The “jobs hard to get” index rose to 45.7 per cent from 45.1 per cent in July, while the “jobs plentiful” index declined to 3.8 per cent from 4.4 per cent in July. Share Show Comments ▼ KCS-content Tags: NULLlast_img read more

House prices drop for second month

first_img whatsapp Thursday 2 September 2010 2:51 am Share House prices fell for the second month in a row in August, according to the Nationwide building society.Prices dropped 0.9 per cent last month, following a 0.5 per cent fall decline in July.It is the first time that prices have fallen for two consecutive months since February 2009.The average UK house price is now just over £166,500.Nationwide said house prices had “essentially stagnated over the summer”.Martin Gahbauer, Nationwide’s chief economist Martin Gahbauer said: “As more sellers have returned to the market, buyers have a greater selection of properties to choose from and more bargaining power with which to bid down asking prices.”But he added: “Given that the price increases of the last year had gotten ahead of the recovery in the wider economy, the current correction is not an unhealthy development.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo John Dunne whatsappcenter_img House prices drop for second month Show Comments ▼ More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Tags: NULLlast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img CITY MOVES | WHO’S SWITCHING JOBS Monday 6 September 2010 8:15 pm KCS-content Tags: NULL RBC Capital MarketsRoyal Bank of Canada’s corporate and investment banking arm has hired Bank of England veteran Jens Larsen as its new chief European economist, based in London.Larsen spent the previous 12 years at the Bank, most recently as head of the macro financial analysis division. Between 2006 and 2008, he held the position of alternate executive director on the International Monetary Fund’s executive board, representing the UK. Share Matrix GroupThe financial services business has poached a team of five research, sales and corporate finance personnel from JP Morgan Cazenove, to focus on UK real estate.Roger Clarke the head of real estate corporate finance, has also worked at the Takeover Panel, Dresdner Kleinwort Benson and ING Real Estate. Head of real estate research Miranda Cockburn and real estate specialist salesman Carl Gough both co-headed the pan-European real estate team at CSFB before joining Cazenove. Sales trader Jason Cockburn was at Cazenove for the past 23 years, while Alison Watson joins as a senior analyst new recruit from UBS, where she was an associate director.GLG PartnersThe hedge fund group has appointed Mark Diab as a portfolio manager, with responsibility for MENA equities within the emerging markets team.Diab previously spent over four years at Qatari investment bank AMWAL, where he was a managing director responsible for the equity asset management division.HawkpointThe corporate advisory firm, part of the Collins Stewart group, has hired Dan Clague from Société Générale as a managing director.Clague spent a decade at SocGen, latterly as head of the UK mergers and acquisition and transport teams. He has also previously worked at ABN Amro and Barings.In his new role, he will continue to focus primarily on the transport and business services sectors, with a particular focus on the shipping and marine markets.Insparo Asset ManagementGraham Stock has joined the investment group as its new chief strategist, concentrating on exploiting the opportunities presented by high growth potential in Africa and the Middle East. He spent the past 12 years at JP Morgan in a range of senior roles, latterly tasked with expanding research output and business activity in frontier markets in Africa. Show Comments ▼ whatsapp whatsapp last_img read more

Top 10 UK law firms see fees slump in 2009

first_img Show Comments ▼ Tags: NULL PARTNERS at the City’s top 10 law firms saw average billing fees fall by almost £1m per partner during the downturn, according to newly published figures.Average billable fees per partner plunged by £875,000 across the ten largest law firms in the UK, including the elite Magic Circle, said recruitment consultant Ambition.Last year the largest law firms billed £2.4m per partner, according to the survey, marking a drop from 2008 when the top 10 billed £3.3m per partner.The fall in fees came after law firms experienced a drop off in banking and City related work as the recession took its toll.Ambition said increasing demand from clients to provide better value for services and a pressure on cost reduction also contributed to the fall. As a result, support staff headcount reduced by 14 per cent between 2008 and 2009 as the largest firms scaled back on staff numbers. Similarly, the number of lawyers, excluding partners, was reduced by four per cent during the same period.“In 2009 there was a very gloomy outlook for non-fee earners within the legal sector,” said Tim Gilbert, UK managing director at Ambition. Further information from Ambition’s survey shows that in response to falling fees the top ten law firms are looking to employ more business development, marketing and client relationship specialists in a bid to bolster billing levels. According to the results, vacancies within the business development function in the legal sector have risen 54 per cent during the last 12 months.“There is an awareness that the legal sector is becoming more of a commoditised market… law firms are realising that they have to employ individuals to improve brand development in an increasingly competitive environment,” said Gilbert. Share Top 10 UK law firms see fees slump in 2009 KCS-content whatsapp whatsapp Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Monday 6 September 2010 8:26 pmlast_img read more

IBM hit as new service contracts dry up

first_imgTuesday 19 October 2010 2:37 am Tags: NULL 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 PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity 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.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp Show Comments ▼ BM won fewer technology services deals than expected in the third quarter, sending its shares 3.7 per cent lower, although it announced stronger profits and raised its full-year outlookA decline in services and outsourcing contracts signed in the quarter, a key indicator of future revenue growth, prompted some investors to take profits after the shares hit a historic high of $143.04 earlier in the day.Many analysts, however, said International Business Machines Corp was still a solid investment in the long term.“It’s like an eight-cylinder engine. Even if one is weak the others continue very strongly. And they’re still going have a strong fourth quarter,” said Collins Stewart analyst Louis Miscioscia.IBM’s quarterly net profit rose to $3.6bn (£2.27bn), or $2.82 a share, compared with $3.2bn, or $2.40 a share, a year earlier. It also raised its full-year earnings outlook to “at least $11.40 per share” for the full year, up from its previous forecast of “at least $11.25.”IBM’s services contract signings fell seven per cent to $11bn in the quarter and outsourcing signings fell 15 percent to less than $6 billion. But IBM also said it won a major services deal with ABN AMRO on October 8, shortly after the quarter closed, a point Miscioscia and other analysts noted.“If you give them the benefit of the doubt, if that October 8 thing happened nine days before, you could say no one would’ve looked at the numbers funny. But even if you don’t include that, everything else was still strong,” Miscioscia said. center_img IBM hit as new service contracts dry up whatsapp Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com John Dunne last_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_imgTuesday 26 October 2010 8:45 pm whatsapp KCS-content WHAT THE OTHER PAPERS SAY THIS MORNING Tags: NULLcenter_img Show Comments ▼ whatsapp FINANCIAL TIMESCHINA AND US CLOSER ON TRADE TARGETSChina and the US have the basis for an agreement at the summit of the Group of 20 leading nations next month on setting targets to cut trade imbalances, according to an adviser to the Chinese central bank. Li Daokui, a member of the central bank’s monetary policy committee and professor at Tsinghua University, said on Tuesday there had been “good progress” at the weekend meeting of G20 finance ministers in South Korea which had moved debate from the “surface issue” of nominal exchange rates to “talking about the substance of rebalancing world trade”.UBS WANTS WATCHDOG TO WAIVE $1M CAP ON CASH BONUSESUBS, one of the banks hardest hit by the financial crisis, is lobbying Swiss regulators to scrap a $1m cap on cash bonuses paid to its top bankers, amid complaints it has strained some executives’ personal finances. The Swiss banking group wants to pay out more cash to top earners, most of whom work in London, New York, and other places with relatively high rates of personal income tax, say people familiar with the situation. Under the bank’s existing pay structure agreed last year with Finma, Switzerland’s financial regulator, the cash component of bonuses is limited to $1m, with the remainder paid out in deferred cash and share awards that vest over several years. SCOPE OF FED’S QE2 COMES UNDER SCRUTINYThe US Federal Reserve’s meeting next week is likely to result in a new dollop of quantitative easing – nicknamed QE2 – but how many assets it should ultimately buy remains a hot topic for debate within the Fed.Markets think the Fed initially will announce $500bn in asset purchases.THE TIMESBUFFETT, 80, BETS ON A RISING STAR LESS THAN HALF HIS AGEWarren Buffett’s latest hot pick could be one of his most daring gambles yet. In hiring the little-known hedge fund manager Todd Combs to manage a big part of Berkshire Hathaway’s investments, the billionaire investor has added a new name to the list of runners and riders tipped to succeed him. At 39, Mr Combs could stay at Berkshire for decades.RURAL DISABLED GET MOBILEM-Pesa has provided a spur for economic growth in Tanzania, but the mobile money transfer service is also being harnessed to help to save lives. The CCBRT Disability Hospital in Dar es Salaam is using the system to pay to transport women suffering from fistula and children with cleft palates or club feet to the city for surgery.The Daily TelegraphGERMAN BOOM CREATES ECB POLICY NIGHTMARE AS SOUTH LAGSBlistering growth in Germany is aggravating the growing gap between the eurozone’s North and South and may force the European Central Bank to tighten monetary policy long before the high-debt states are ready, Standard & Poor’s has warned. A separate report by Simon Ward from Henderson Global Investors said Eurozone indicators are showing “unprecedented divergence”.PENGUIN TO LAUNCH A SOCIAL NETWORK FOR BOOKWORMSPenguin is set to launch a social network for teenage bookworms called Spinebreakers, in an effort to keep young people interested in reading. Penguin views Spinebreakers, the social network, as a crucial part of future-proofing the book industry. The site exists as a content website.WALL STREET JOURNALSENATOR ASKS FACEBOOK, MYSPACE TO DETAIL PRIVACY SAFEGUARDSThe chairman of the Senate Commerce Committee asked top executives of Facebook and MySpace to detail how they safeguard information about users, in the wake of Wall Street Journal articles revealing privacy breaches on the social-networking sites. Sen. Jay Rockefeller, D-W. Va., sought the information in letters Tuesday to Facebook Chief Executive Mark Zuckerberg and MySpace President Michael Jones.OIL MAJORS CRITICISE BP’S WELL DESIGNSenior executives at major oil companies Total and Chevron yesterday criticised the safety of the design BP used on its Macondo well in the Gulf of Mexico, which spilled millions of barrels of oil earlier this year following a blowout. Sharelast_img read more

Indian consortium mulls rival Riversdale bid

first_img Show Comments ▼ More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com whatsapp Tags: NULL John Dunne Sharecenter_img 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 ScottsdaleMoneyPailTotal 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 AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Indian consortium mulls rival Riversdale bid Friday 24 December 2010 7:33 am An Indian state consortium is weighing up whether to make a rival bid for Riversdale Mining, a day after Rio Tinto upped its offer for the firm.Riversdale’s directors said they would be recommending Rio’s improved $3.9bn (£2.5bn) offer to shareholders.Partha Bhattacharyya, chairman of Coal India, one of the consortium’s members, said Citigroup was advising the group.The Indian group, International Coal Ventures Limited (ICVL), consists of Coal India, utility NTPC, iron ore miner NMDC, Steel Authority of India and steelmaker Rashtriya Ispat Nigam.“All the companies in ICVL are strong financially. Funding will not be a problem,” Bhattacharyya told Reuters.“Citi’s mandate is to tell us whether we should consider a big higher than $3.9bn.” last_img read more

The City’s top headhunter on why firms still need to recruit the best

first_img Tags: NULL whatsapp PERHAPS not surprisingly, Odgers Berndtson’s boss was in an upbeat mood when City A.M. visited him recently in his large office overlooking Hanover Square in the West End. Last year’s preliminary revenues had just come in: they are an improvement on the year before, always welcome news in the present environment. Richard Boggis-Rolfe, the privately-held firm’s chairman, thinks 2011 will be long and uncertain, but these numbers give the headhunting boss, who has spent 30 years in the industry, the sense that the recovery is beginning to gain traction.Last year, the partnership, which employs 1,000 staff across 45 offices worldwide, produced sales of $230m (or £143m; the firm is still working out profit figures), compared to $212m the year before. As part of this, its UK (and largest) office, which employs 400 people, including the former Tory cabinet minister Baroness (Virginia) Bottomley of Nettlestone, made £72m, compared to £63m a year ago.Boggis-Rolfe, a sprightly 60-year old, says: “I am fundamentally optimistic. Having the right people in key jobs is crucial to the good running of a company, and that need is as great as it has ever been.” But he adds: “It may be a difficult year. There may be more industrial action, more pressure from inflation. Professional service firms like lawyers, accountants and us thrive on corporate activity. But companies tend to postpone decisions in this climate. There will be a lot of hanging on this year.”Odgers Berndtson is one of the six biggest executive search firms in the world, coming behind larger US rivals such as Korn Ferry and Spencer Stuart. But it is the only UK firm that operates on such a global scale. The firm specialises in filling top jobs in a wide variety of sectors. It placed former City minister Paul Myners on the Marks & Spencer board; installed the governor of the Bank of Ireland, Richard Burrows, as chairman of British American Tobacco; it is in the middle of filling the key spots for the organising committee of the Brazilian Olympics. It performed the same function for the London organising committee.Boggis-Rolfe, a clubbable chap who spent ten years in the army before taking a history degree at Cambridge and then going into recruitment, adds: “Government work held up incredibly well for us last year. Although the coming spending cuts mean that this will fall this year. But so far this year we are beginning to see commercial activity rise.”Boggis-Rolfe started in the industry in the early 1980s at US giant Russell Reynolds. After gaining experience at a number of firms he bought Odgers in 1997, which then employed just 25 people. From early on, he “had a deliberate strategy to have a wide spread of business”.Finding placements in the financial services sector accounts for 20 per cent of the group’s sales, and other high-paying private sector jobs make up another 40 per cent. But 20 per cent of sales come from filling public sector posts, while the remaining 20 per cent of sales come from filling lower paid (under £150,000 a year) public and private sector jobs.When Boggis-Rolfe started off in executive search, he moved in quite a secretive world. But he baulks at that description now. “Virtually every executive has either been contacted by a headhunter, or has used them,” he says. “Now it is almost the case that if you do not use a headhunter to help fill a top job, you may be accused of handing out jobs for the boys.”When the Odgers boss began in the business his desk would be surrounded by scores of rolodexes and business cards, but now computer databases have “transformed the way you gather basic information about people”.The scope of the headhunter has also changed. He says: “When I started we were all generalists. Now it is much more common to specialise. We have a partner here and all he and his team do is recruit chief financial officers. He knows the market and who might be ready to move.”The headhunter says a trustworthy reputation and the ability to access top people is important to the firm.Bottomley has worked for the business since 2005 and now chairs the firm’s board and CEO practice. “Everyone takes her call,” smiles Boggis-Rolfe.However, the firm’s more recent high-profile hire did not work out as well. In 2009 it took Johnny Cameron on as an adviser; he had been head of investment banking at Royal Bank of Scotland when it was bailed out by the government in 2008.But after only a couple of months, Boggis-Rolfe had to let Cameron go after his role came to light and the government threatened to remove Odgers Berndtson from its roster if he remained at the firm.Boggis-Rolfe says: “I think it is important that people who make mistakes are able to redeem themselves. But the marketplace was not ready for his return.”Headhunters typically take up to one third of the first year’s salary of the executive they place in fees. And the individual headhunter responsible will in turn take one third of that as a bonus.At Odgers, teams normally work in units of three or four, made up of a partner, one or two juniors and a researcher. But for Boggis-Rolfe, a key part of how the firm operates is the weekly brainstorm his senior partners have over its current list of mandates.He says: “It’s a chance to share knowledge across the firm, and also it is an opportunity to show off how many key people you know. The answer to filling a post may not lay in one set of contacts. For instance, over the past few years we have recruited a lot of business people to work in the public sector, like Paul Deighton [who moved from European chief operating officer at Goldman Sachs to CEO of the London Organising Committee of the Olympic Games]. That was a result of our finance, commercial and public sector teams working together.”But executive search firms are often accused of artificially stimulating a corporate jobs merry-go-round and of being inflationary in terms of pay and benefits. Boggis-Rolfe responds: “Workers are free agents who are looking to better their lives. I think what we do makes the market a bit more perfect. We help get more information about good jobs get out, and companies get better applicants to choose from.”On executive pay inflation, he says: “It used to be that in public companies it was hard to find out about salaries. But now there is so much transparency, and it is this feature that has served to push up salaries. But it is undoubtedly true that all moves are inflationary. All movement creates heat.”If Boggis-Rolfe is right about that, he will undoubtedly be hoping that as this year gathers pace, it becomes a case of out of the frying pan and into the fire.CV | RICHARD BOGGIS-ROLFEAge: 60Work: Joined the Coldstream Guards in 1970, left as a Major in 1980; director at Russell Reynolds Associates, 1983; Norman Broadbent International, 1984-97; managing director at Norman Broadbent (Hong Kong) 1986; chairman at Barkers Human Resource Advertising, 1992-97; chairman at NB Selection 1995-97, (chief exec 1987-95), group managing director at BNB Resources 1995-97, chairman and chief executive at Odgers Berndtson 1998 Education: Trinity College, Cambridge, MA in history; London Business School.Lives: Gloucestershire; flat in London Hobbies: Horseriding, gardening Sunday 6 February 2011 9:32 pm Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoSerendipity 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. 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Sprint Nextel adds users

first_img Tags: NULL Sprint Nextel adds users SPRINT Nextel added mobile subscribers for the first quarter in more than three years, sending its shares up five per cent.The Number Three US mobile service added 58,000 subscribers in the quarter, ahead of the average expectation for almost 17,000 customer additions from analysts.While the customer number was tiny compared with growth at bigger rivals Verizon Wireless and AT&T, it marked a milestone for Sprint, which last reported contract customer growth in the second quarter of 2007.While several analysts expect Sprint to revert to a customer loss again this quarter, they applauded its promise to report subscriber additions for the full year 2011, which would mark the first full year of growth since 2006. whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal 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 ItZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBetterBe20 Stunning Female AthletesBetterBeWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam whatsappcenter_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com Thursday 10 February 2011 8:42 pm KCS-content Sharelast_img read more