Historical Maritime combat

SELECT APPOINTMENTS Holdings' French subsidiary Selpro has acquired Societe Alsacienne de Montage et d'Entretien Same a supplier of temporary logistics

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SELECT APPOINTMENTS Holdings' French subsidiary, Selpro, has acquired Societe Alsacienne de Montage et d'Entretien (Same), a supplier of temporary logistics personnel. In its ninth acquisition since the beginning of the year, Select has agreed to pay up to Ffr7m (pounds 700,000), having made an initial payment in cash. Same provides logistics staff to light industrial companies, such as hazardous chemicals drivers and warehouse personnel. Its audited sales for the year to 30 June 1998 were pounds 6m.. IF YOU thought that the recent announcement of a joint venture between the London Stock Exchange and the Deutsche Borse heralded a new era of warm, cosy relations between the City and the German financial community, think again.

The proportion returning to their old employer rose from 35 to 58 per cent.Companies have not become more family-friendly from the goodness of their hearts, however. The economist's explanation for the spread of favourable practices lies in the fact that the benefits to employers of retaining female employees has risen relative to the cost of the schemes. With many women also having their children later, their value as workers is too high to lose just because they become mothers.A fascinating implication of this is that, while greater flexibility has helped make Britain's jobs market work better, it is not the kind of flexibility that usually springs to mind. It might not feel like it to most working mothers, but many companies have become more willing to introduce suitable work arrangements. More have maternity leave arrangements that tempt women to return to their old job after the birth of their child. There have also been dramatic increases in arrangements such as job-shares, flexi-time, some working from home and longer career breaks.As a result, according to surveys carried out by the Policy Studies Institute, the probability that mothers of young children return to work climbed from 46 per cent in 1988 to 67 per cent in 1996. The new benefit made it financially more rewarding to be in work after the birth of each child.

Family Credit was also paid to the mother directly in almost all cases. In 1987, 210,000 families claimed Family Income Support, but in 1988, 470,000 claimed Family Credit. The government's new Working Families Tax Credit, which will replace Family Credit, could benefit more families, but will transfer payment from mothers to fathers in many cases, so it will have a mixed effect on female unemployment.The other influence has been a change in the behaviour of employers. The jobless rate of this subgroup fell from 27.2 per cent in 1984 to 9.8 per cent in 1996.The paper has two explanations for this One is the introduction of Family Credit in 1988. But why did it happen?A further clue is that the lion's share of the decline can be accounted for by a sharp fall in unemployment among the mothers of young children. Before 1990, however, they had a much higher rate of inflow into unemployment.This has changed dramatically during the 1990s.

All of a sudden, in 1991, the female inflow rate dropped below the male rate in the kind of decisive change rarely apparent in economic data (chart 2). The abrupt change could more than account for the overall trough-to-trough decline in the jobless rate. Many respondents are determined to maintain the status quo.But Rachel Heyhoe Flint, the former England women's cricket captain, said she was encouraged that progress was at last being made. "After 211 years, I suppose it's just about time for this change," she said.. AN ANTI-OBESITY treatment derived from a South African plant could storm the market for so-called "lifestyle drugs".