London Lite Monday, 24 August 2009 31 City&FinanceBriefing Jobs joy on the way at Facebook Facebook today said it plans to boost its staff by up to 50% this year. The social network site aims to capitalise on the glut of engineers looking for work in the recession, and founder Mark Zuckerberg said Facebook was thriving in the down- turn. No one else has been hiring, he said. Its been a great environ- ment for us because the economy has helped out. The site -- which makes money from advertising and from users buying virtual gifts -- already has 1000 employees around the world, including a London office in Soho Square. It expects to post at least $500 million (303 million) in reve- nue this year, but Zuckerberg is looking further ahead. The 25-year-old chief executive added: Were way closer to the beginning than the end. often build- ings can be a signal that youve made it. I would prefer that our building feels more like a large garage. In May, Digital Sky Technologies, a Russian investment firm, paid $200 million for less than 2% of Facebook, valuing it at $10 billion. Zuckerberg started Facebook in his Harvard University dormitory room in 2004, and has tried to keep costs down since. Its american headquarters is nicknamed the bunker, because it has unfinished cement floors and fading stickers on the front door. Start-up: Zuckerberg still has a way to go BY LUCY TOBIN Australia Dollars 1.8818 Canada Dollars 1.7052 Denmark Kroner 8.1802 Eurozone Euro 1.1028 Hong Kong Dollars 12.1000 Japan Yen 147.2000 New Zealand Dollars 2.2658 South Africa Rand 12.1800 Sweden Kronor 11.3000 Switzerland Francs 1.6685 UAE Dirham 5.6694 United States Dollars 1.5709 TourisT raTes THE boss of builder Bovis Homes today said the housing market is on the road to recovery. We have been encouraged by a stabilisation over recent months and are cautiously optimistic we are near the bottom, said chief executive David Ritchie. But he added that rising unemployment, restricted availability of mortgages and the fear interest rates will start rising again could hinder a recovery. SECURITY company G4S is shrugging off the recession by expanding into dealing with the UKs illegal immigrants and security in the Middle East and Africa. The group today reported slower growth in cash handling for big supermarkets such as Tesco, Asda and Morrisons. However, G4S said it has gained from new immigration detention and removal contracts at the Brook House and Tinsley House establishments at Gatwick airport. UP 45.12 at 4896.01 FTse 100 dow Jones nikkei -$ UP 155.91 at 9505.96 UP 342.85 at 10,581.05 DOWN 0.34c at $1.6472 index.html2.html3.html4.html5.html6.html7.html8.html9.html10.html11.html12.html13.html14.html15.html16.html17.html18.html19.html20.html21.html22.html23.html24.html25.html26.html27.html28.html29.html30.html31.html32.html33.html34.html35.html