While financial markets around the world continue to balance the ongoing debt worries in the Eurozone against more positive news elsewhere, even including some better economic indicators in the US, the pause in decision making by businesses on a global scale is sending a chill into the GDP figures of several countries.
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Drawing the short straw to write the City Column that covers the last two weeks of 2011 is a little like landing the graveyard slot on late night radio. It shouldn’t surprise any of you to hear that nothing of note occurred in the recruitment sector over Christmas and New Year.
The financial markets have been extremely volatile in recent weeks, well reflecting the party-pooping news being relayed by economists and central bankers. However, following several consecutive days of FTSE 100 decline described by Kean Marden in his Recruiter column two weeks ago, there eventually followed a partial recovery in global stock markets, driven upwards by hopes for the ‘Merkozy’ political alliance aimed at stabilising the Eurozone.
Bleak days yet again for European stock markets. As we write, the FTSE100 has declined for nine consecutive days - a losing streak that has occurred on only six occasions during the past 30 years. The all-time record is 11 days, which may well have been broken by the time this column is published.
A huge leap in concerns about job security has seen it overtake career progression as a priority for City workers considering moving jobs, research from financial recruiter BRUIN Financial shows.
Spring is here and, for equity analysts, it is time for company results. Given the caution at the end of 2011, we were particularly interested in management outlook expectations. So my colleague Caroline and I downed our slide rules, put away our crows’ entrails, and sallied forth to meet the great and good of the recruitment sector.
Recruitment solutions firm Futurestep, a Korn/Ferry company, has appointed Trish Healy as vice president of RPO [recruitment process outsourcing] operations for the North America region.
IT and enterprise resource planning (ERP) recruiter Square One Resources has appointed Tom Fagan as international team leader.
Barry Cullen has been appointed as partner, heading up solicitor Cramer Pelmont’s recruitment & resourcing sector services.
Holly Paterson has been taken on as trainee recruitment consultant in Oxford recruiter Allen Associates’ HR division.