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Jobs Outsourcing

  • EDINBURGH, Dec 8- Outsourcing group Capita announced the sale of its asset management services arm alongside a second profit warning in three months on Thursday, exposing flaws in its strategy made worse by the Brexit vote and sending its share price crashing. That in turn was a result of a slowdown in new orders coming through as new customers hesitate to commit...

  • *Cuts 2016 profit forecast for second time in three months. *Outlook next year still tough. EDINBURGH, Dec 8- British outsourcer Capita said it would sell assets and trim costs in a bid to protect its balance sheet after Brexit-related client indecision prompted it to cut its profit forecast for the second time in three months.

  • YANGON/ WASHINGTON, Nov 29- From a remote corner of northeastern Myanmar, an insurgent army sells tin ore to suppliers of some of the world's largest consumer companies. More than 500 companies, including leading brands such as smartphone maker Apple, coffee giant Starbucks and luxury jeweller Tiffany& Co, list among their suppliers Chinese-controlled firms...

  • LONDON, Dec 1- Britain's Serco reiterated its forecasts for the rest of this year and next, avoiding the turmoil hitting the wider outsourcing sector, helped by a long-term turnaround programme. The whole outsourcing sector has been hit in recent months by warnings from Capita and Mitie which both reported that trading had slowed due to client indecision...

  • LONDON, Dec 1- British outsourcing firm Serco Group stuck to its underlying outlook for next year and said a long-term turnaround programme should see the company move into a growth phase from 2018.. The group which provides security, traffic, defence and education services for governments across the world, said it expected to report trading profit of between...

  • WASHINGTON, Nov 30- United Technologies Corp's Carrier unit said on Wednesday it got financial incentives from Indiana and a pledge from President-elect Donald Trump to improve the climate for business in the United States in exchange for keeping more than 1,000 jobs in the state rather than moving them overseas. The deal, an outline of which was announced...

  • *FTSE 100 up 0.2 pct. *Energy sector biggest riser as oil soars on OPEC deal. On Wednesday, however, the FTSE's oil and gas index rose 4.1 percent after the price of oil shot up as members of OPEC, the oil producers' cartel, agreed to trim output for the first time since 2008 in a last-ditch bid to support prices.

  • YANGON/ WASHINGTON, Nov 29- From a remote corner of northeastern Myanmar, an insurgent army sells tin ore to suppliers of some of the world's largest consumer companies. More than 500 companies, including leading brands such as smartphone maker Apple, coffee giant Starbucks and luxury jeweler Tiffany& Co, list among their suppliers Chinese-controlled firms...

  • YANGON/ WASHINGTON, Nov 29- From a remote corner of northeastern Myanmar, an insurgent army sells tin ore to suppliers of some of the world's largest consumer companies. More than 500 companies, including leading brands such as smartphone maker Apple, coffee giant Starbucks and luxury jeweler Tiffany& Co, list among their suppliers Chinese-controlled firms...

  • EDINBURGH, Nov 22- Engineering support and outsourcing services company Babcock International posted a 7 percent rise in first-half operating profits on Tuesday and said a strong pipeline of opportunities for new orders underpinned its confidence of hitting full-year targets. The shares were down 6 percent at 931 pence by 1154 GMT. Babcock provides a range...

  • LONDON, Nov 21- Britain's top equity index was steady on Monday, underperforming European markets after a jump in the value of sterling, which some attributed to talk of a transitional deal for Britain to leave the European Union. Britain's FTSE ended flat in percentage terms at 6,777.96, lagging small gains for continental indexes. Britain's FTSE is priced in...

  • SAN FRANCISCO, Nov 21- The main U.S. visa program for technology workers could face renewed scrutiny under President-elect Donald Trump and his proposed Attorney General, Senator Jeff Sessions, a long-time critic of the skilled-worker program. H-1B visas admit 65,000 workers and another 20,000 graduate student workers each year. The tech industry, which has...

  • LONDON, Nov 21- Britain's top equity index steadied on Monday, with a fall in defensive stocks offsetting stronger commodities shares that rose following a rally in prices of metals and crude oil. "The FTSE 100 has been struggling to rally for a week now, with each bounce getting smaller and smaller," IG analyst Chris Beauchamp said. "Bond yields are a touch weaker, but...

  • SAN FRANCISCO, Nov 7- The main U.S. visa program for technology workers could face renewed scrutiny under President-elect Donald Trump and his proposed Attorney General, Senator Jeff Sessions, a long-time critic of the skilled-worker program. H-1B visas admit 65,000 workers and another 20,000 graduate student workers each year. The tech industry, which has...

  • LONDON, Nov 18- Tucked into the attic of a Georgian building in London's West End, seven people run a $200 million hedge fund following artificial intelligence formulas. But the supercomputers that process their complex algorithms are nowhere to be seen. Piquant co-founders James Holloway, 32, and Iain Buchanan, 36, say putting their trading and back office...

  • LONDON, Nov 18- Tucked into the attic of a Georgian building in London's West End, seven people run a $200 million hedge fund following artificial intelligence formulas. But the supercomputers that process their complex algorithms are nowhere to be seen. Piquant co-founders James Holloway, 32, and Iain Buchanan, 36, say putting their trading and back office...

  • ZURICH, Nov 11- Swiss financial infrastructure group SIX aims to take on more securities business on behalf of Swiss banks as they seek to cut costs by pooling resources, it said on Friday. "The pressure on management and their desire... to outsource certain things has increased," interim SIX Chairman Romeo Lacher told a news conference. SIX operates Switzerland's...

  • HONG KONG/ SHANGHAI, Nov 9- Donald Trump's victory in the U.S. election sent shockwaves through industries that rely on open trade, from airlines to cars and IT outsourcing, although shares of some companies rebounded in afternoon trading. In Asia, shares in airlines with significant exposure to global trade, such as cargo giant Korean Airlines, fell as much as 5...

  • HONG KONG/ SHANGHAI, Nov 9- Donald Trump's victory in the U.S. election sent shockwaves through industries that rely on open trade, from airlines to cars and IT outsourcing, even though many executives remain unsure what his protectionist rhetoric will mean in practice. In Asia, shares in airlines with significant exposure to global trade, such as cargo giant...

  • Nov 7- Comcast Corp's NBCUniversal will begin selling ads for Apple Inc's News app next year in an exclusive deal, the companies announced on Monday. Apple does not have its own sales team after it shut down its iAd app ad network in June, which was used to fill unsold inventory for Apple News. Publishers on the app, which include The Wall Street Journal and The New York...