City&FinanceBriefing Inbrief Jobs market is stabilising l RecRuitment firm Hays today said the most vicious jobs market on record was starting to stabilise but warned it is too early to talk of recovery. the firm reported a 43% dive in profits to 151 million for the 12 months to the end of June after fees plunged 18% to 670.8 million. the full-time jobs market was the worst hit, with fees down 29%. Shoppers flock to pound stores l Pound stores and 99p shops are proliferating across Britain as consumers increasingly seek out bargains during the recession. the number of cut-price shops has balllooned by 60% in the past two years to 1,423 across the high streets of the country, according to research from the British Property Foundation. Poundland has seen a 22% rise in middle-class shoppers. New BMW Minis boost Cowley l GeRman carmaker BmW is set to launch two new models of the mini built in Britain while at the same time investing almost a billion pounds in car production facilities in its homeland. in the uK the mini plant at cowley in oxfordshire which employs 3500 people will benefit from the launch of two new models at the Frankfurt motor show later this month. Absolut is fab for Pernod l Wine and spirits firm Pernod Ricard, owner of Beefeater gin, Jameson irish whiskey and Jacobs creek wine, today reported a 13% rise in profits thanks to the takeover of absolut Vodka. it helped drive sales despite the recession which has cut demand for expensive alcoholic drinks from recession-hit consumers. Australia Dollars 1.8395 Canada Dollars 1.6961 Denmark Kroner 8.0391 Eurozone Euro 1.0838 HongKong Dollars 11.8900 Japan Yen 143.1300 NewZealand Dollars 2.2231 SouthAfrica Rand 11.8600 Sweden Kronor 11.2200 Switzerland Francs 1.6417 UAE Dirham 5.5715 UnitedStates Dollars 1.5438 TouriST rATeS UP 3.70 at 4821.30 fTSe 100 doW JoNeS Nikkei -$ DOWN 29.93 at 9280.67 DOWN 65.82 at 10,214.64 UP 0.44 at $1.6317 >>for all the latest City share prices, call 0905 817 1694* or visit * Calls cost 75p/min from a BT landline & last approx 1 min per quote. Not all stocks are available Bovis gets ready to buy land Bovis Homes today launched a 60-million fundraiser to give it firepower to snap up land for building new homes. The housebuilder is selling 12.1 million new shares to raise the funds in a major show of confidence in the property market. Many builders stopped buying land and refused to start new schemes last year as the housing market crashed. However, the market has now started to stabilise and buyers are returning, lured by lower prices. Go-Aheads shares rise as buses perform well TransporT company Go- ahead today reported record results in its bus division but said its train services into London are feeling the impact of job losses in the City. The firm, which runs a fifth of buses in the capital and the southern, southeastern and London Midland rail services, said revenues were up 6.7% in the past financial year to 2.35 billion. However, profits fell 14.5% to 112.1 million as the strong performance by its buses was offset by a slowdown in growth on the train network which also includes Gatwick Express. Bus profits ticked 0.6% higher but rail profits tumbled by more than 20% in the 12 months to 27 June. The fall in profits was not as bad as many in the City feared and shares rose 32p to 1335p today. Go-ahead chief executive Keith Ludeman said record profits of 66.6 million at its bus division was due to investment in the service as opposed to the recession. It isnt the recession thats doing it, its investment in the bus network which has encouraged more people to use it, he said. If, in a recession, people did not like the service, they would not use it again. They would cycle or walk. Ludeman, a speed-fanatic who drives a porsche-Turbo and is the son of a second World War pilot, said job losses in London and the City in particular were finally catching up with the rail services. Exceptional: Paolo Nutinis album Sunny Side Up was a top its game on as HMV hopes for Christmas cheerHMv is looking forward to a bumper Christ- mas as games console prices have been slashed, new top video game releases hit the shelves and its Waterstones book chain stocks up on new publications from the likes of Jamie oliver and Dan Brown. Weve made a steady start to the year, said chief executive simon Fox although he admitted there was a lack of top-selling new games and albums in the past four months with notable exceptions including Paolo Nutinis sunny side Up. its no secret the games market has been very tough with sales down about 30% as a result of no really good new releases, he said. But weve been winning market share for HMv in the UK. its still a tough con- sumer environment but the bulk of our sales are at relatively low price points which means they are more dependent on good releases than the underlying economic environment. same-store sales across the group fell 1.8% in the 18 weeks to last Friday, with HMv UK up 1.7%, Waterstones down 3.4% and HMv international down 12.6%. The group is buying a 50% stake in 7digital, a music digital download business. BY Nick goodwaY London Lite Thursday, 3 September 2009 372 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.html36.html37.html38.html39.html40.html41.html42.html43.html