UK: LACK OF SKILLED STAFF IN FINANCIAL SERVICES

Article Abstract:

A Confederation of British Industry (CBI) study released on 10 April 2000 revealed increasing concern among building societies, banks and insurers over the impact on their business of problems taking on qualified staff. The survey discovered that the dearth of labour as a restraining factor on business prospects has increased to a level not achieved since mid-1998. This is due in part to increasing concern that information technology systems are unable to cope with the major changes in technology within the financial services arena. Firms are concerned that the lack of clerical and professional staff, an indication that problems with recruitment are present throughout the economy.

Product quality, Standards

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EUROPE: SHARE PRICE BENEFITS FROM STRONG WEBSITE

Article Abstract:

The quality of a website, in terms of navigation, information on products and services, financial data, online ordering capacity and design, is a good indicator of a company's share performance, according to a new survey of 1,400 European companies by Dresdner Kleinwort Benson. The better the site, the better the share performance, regardless of sector, the survey concludes. Although technology, media and telecoms companies predictably tend to have good quality sites, water, chemicals and paper also had good sites and stock performance. Across Europe, German companies on the Neuer Markt tended to have the better websites. In the UK, the survey gave the best ratings to banks, advertising agencies, construction and chemicals. Insurers, food retailers and beverage companies performed less well.

Food Stores, Food and Beverage Stores, Construction, Market information - general, European Union, Chemicals & Allied Products, Chemical Manufacturing, Beverages, Beverage Manufacturing, Advertising, Advertising and Related Services, CHEMICALS AND ALLIED PRODUCTS, Construction industry, Food industry, Grocery industry, Grocery stores, Chemicals, Beverage industry, Surveys, Advertising services, Chemical industry, Marketing industry

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UK: BRADFORD & BINGLEY FUND SUPERMARKET

Article Abstract:

The former UK building society, Bradford & Bingley (B&B), plans to offer ISAs and unit trusts via the Internet with the launch of its own fund supermarket. B&B will offer the service following an agreement with the US provider of outsourced infrastructure for branded fund supermarkets, FundsHub. B&B, which is aiming to move away from mortgage banking, said that launching the service through FundsHub would allow it to launch the service quicker and at a lower cost than developing it itself.

Securities Dealers, Securities & Commodities Exchanges, Investment Banking and Securities Dealing, Securities and Commodity Exchanges, Organizational history, Product introduction, Security and commodity exchanges, Security brokers and dealers, Services, Securities industry, Bradford and Bingley Building Society

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