financial management in news
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Stormy markets freeze C&W demerger
News The country's second biggest corporate telecoms provider after BT said it had postponed a final decision on "value realisation" until a period of normality returned to the financial markets. The group, which split itself... [10 Nov 2008]
£1.5bn savings plan turns Lloyds' merger eye on IT
News Despite having what it claims will be one of the lowest cost-to-income ratios in the financial services industry, Lloyds TSB sent a circular to shareholders announcing that the combined Lloyds TSB-HBOS is aiming for... [03 Nov 2008]
Should your tech chief be a jack-of-all-trades?
News Rob Neil, IT director, Ashford Borough Council said: "I've moved from financial IT to engineering organisations, academia, product ordering and fulfilment then to the public sector. Most viewed their jobs, on the whole,... [27 Oct 2008]
Yahoo! to slash 10 per cent of staff
News said the layoff is the centrepiece of a new financial goal to cut its current annualised expenses of $3.9bn by $400m by the end of 2008. The balance of cost containment and weakening advertising showed chief... [22 Oct 2008]
CPP insurance refers to the master
News Insurance company CPP has implemented a master data management (MDM) system to consolidate 10 million customer details across 280 financial partners.silicon.com Financial Services Get... [21 Oct 2008]
Queen Mary Uni ditches Excel, makes student plans with IBM
News The software replaces a system based on a set of 64 Excel spreadsheets and will have a significant effect on financial planning for the university, according to its head of business systems, Ken Burt. [16 Oct 2008]
No easy Ryde for Isle of Wight's legacy systems
News By providing a single source of management information, the new systems will provide greater opportunities to improve financial management and HR processes," he said in a statement. Isle... [14 Oct 2008]
MoD admits losing nearly 2m recruits' details
News Minister for the Armed Forces, Bob Ainsworth, told parliament yesterday an MoD portable hard disk lost by contractor EDS may contain the details of up to 1.7 million people on the TAFMIS (training administration and... [14 Oct 2008]
Oracle's plan for economic downturn? Spend, spend, spend
News The severe battering meted out to technology stocks partly reflected investor concern about a spending falloff by financial firms, traditionally big consumers of IT products and services. The economy is in a recession,"... [13 Oct 2008]
$505m deal sees TCS swallow Citi's BPO
News TCS is already a Citi supplier, providing application development, infrastructure support, help desk and other outsourced services to the financial services group. According to TCS COO, N Chandrasekaran, the deal will... [09 Oct 2008]
SAP sales drop as credit crunch looms large
News German software maker SAP warned its sales had abruptly dropped off in the last two weeks of September as companies cut back on computer-related spending due to the widening financial crisis. SAP, the world's biggest... [07 Oct 2008]
Credit crunch pushes techie wages to five-year low
News ATSCo and iProfile.org believe that wholesale layoffs among contractors are unlikely and that financial services companies will be pressed to route investment into areas of technology that can make their businesses more... [06 Oct 2008]
Kiddicare ends shouting and paper chase
News The company is expected to turnover £35m for the current financial year. Baby and children's equipment retailer Kiddicare has gone live with a warehouse management system to automate stock control in its... [01 Oct 2008]
Exec shake-up in Yahoo!'s mobile world
News is under financial pressure this year but it's shaking up management of its mobile phone group as part of a plan to make its phone and TV division profitable next year. Yahoo! The company on Monday named... [30 Sep 2008]
Tech leaders honoured at glittering CNET Awards
News The CNET Networks UK Business Technology Awards 2008 at London's Park Lane Hilton hotel saw impressionist Jon Culshaw host a night celebrating the best of IT in 16 categories, covering financial services, retail and the... [24 Sep 2008]
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