Word on the 'Street' is that recruiters are running scared of the anti-age discrimination legislation which became law in the UK last month. Notwithstanding all this stuff about taking dates of birth off cvs and proscribing certain words on job ads, recruiters are now worried about biffing off candidates who send in cvs which just don't fit a job profile.
People leave investment banking for a number of different reasons - some are laid off, others become burnt out, some want a better work / life balance and others have just made enough money to try something else. Others, of course, join the media - commenting on the industry from a safe distance, or writing a book about their real (or imagined) exploits.
According to ergonomics.com , 'a repetitive strain injury is an injury to a part of the body that is caused by overusing or straining that body part......The immediate impact may be minute, but when it occurs repeatedly the constant straining cause damage'.
Reuters reports that Citigroup remains upbeat about the prospects of its European and emerging markets investment banking business. In an interview with the news agency, Bill Mills, the CEO of Citigroup's EMEA Corporate & Investment Banking division, said that 'it continues to trend positively, even with interest rates rising......Barring some shock, the environment for corporate and investment banking continues to be strong....I don't think we will hit a wall'.
Financial News reports that ABN Amro has been appointed as adviser to Spanish group Iberdrola as it bids $20.8bn for Scottish Power. The Dutch firm stepped in after Morgan Stanley stepped down. The Wall Street giant is conflicted as it acts as Scottish Power's corporate broker, and has been advising the company on defence strategy.
According to a recent survey undertaken by data provider EuroHedge, over 150 new hedge funds, attracting $13bn in assets, opened for business in the first 6 months of this year. That's up from 133 in the same period in 2004.
Mergermarket has just released its latest comprehensive review of European M&A - 'Deal Drivers', a report published in association with Clifford Chance and Merrill Datasite. Included in the report is a European M&A 'Heat Chart', which looks at what sectors have the best current deal flow potential.
Well, it is a Friday! (And you'll love the 'Borat' music!!)
A 22-year-old Sunderland man recently returned to the UK after a stint in the Army in Iraq. He survived that, and came back in good shape. Then he went to a firework party last weekend.....
Please do not try this at home (your home, or anyone else's!). You have been warned.