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Evening wrap up: today's late breaking business stories

Top stories from around the web.

BNP Paribas profits drop 45 per cent as investment banking revenues slide (FT)

Profits at BNP Paribas dropped 45 per cent in the first three months of the year after investment banking revenues fell sharply.

France’s largest bank by assets and revenues reported a net income of €1.58bn in the first quarter, beating the average expectation of €1.53bn in an analyst poll by  Thomson Reuters.

Verizon warns of ‘lean’ year for dividends from US wireless business (FT)

Verizon has warned it could be a “lean” year for dividends from the US wireless business it jointly owns with Vodafone.

Verizon Communications and Vodafone have taken out $18.5bn in dividends since 2011 from Verizon Wireless, the country’s largest mobile operator by subscribers, but Verizon’s latest comments raise new fears that future payouts from the highly profitable US operator would be more limited.

RBS 'ready to privatise in a year' (BBC)

The chairman of Royal Bank of Scotland (RBS), Sir Philip Hampton, has said the bank will be ready to return to the private sector next year.

In a video statement posted on the bank's website, Sir Philip said he expected the government to start selling shares from the middle of 2014.

Minimum pricing: Challenge to Scottish alcohol legislation fails (BBC)

A legal challenge to the Scottish government's plans to introduce minimum pricing per unit of alcohol has failed.

The Scotch Whisky Association (SWA) took action against the proposal, which it said would breach European law, after it was passed by MSPs.

US unemployment hits four-year low (Telegraph)

The better-than-expected figure is a welcome surprise, as was the revision of previous month's figures, which will help to ease fears of a sharp slowdown in the economy.

March's payrolls were raised to 138,000, 50,000 more jobs than previously reported, and February's job count was revised up to 332,000, the largest since May 2010.


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We're hiring! Join the New Statesman as an editorial assistant

The NS is looking for a new recruit.

The New Statesman is hiring an editorial assistant, who will work across the website and magazine to help the office run smoothly. The ideal candidate will have excellent language skills, a passion for journalism, and the ability to work quickly and confidently under pressure.

The job is a broad one – you will need to understand the requirements of both halves of the magazine (politics and culture) as well as having an interest in the technical requirements of magazine and website production. Experience with podcasts and social media would be helpful.

The right person will have omnivorous reading habits and the ability to assimilate new topics at speed. You will be expected to help out with administration tasks around the office, so you must be willing to take direction and get involved with unglamorous tasks. There will be opportunities to write, but this will not form the main part of the job. (Our current editorial assistant is now moving on to a writing post.)

This is a full-time paid job, which would suit a recent graduate or someone who is looking for an entry into journalism. On the job training and help with career development will be offered.

Please apply with an email to Stephen Bush (Stephen. Bush @ with the subject line ‘Editorial Assistant application’.  

In your covering letter, please include a 300-word analysis of the strengths and weaknesses of the New Statesman. Please also include 500 words on what you consider to be the most interesting trend in British politics, and your CV as a Word document. 

The deadline for applications is noon on Monday 12th October.