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Strong pound, weak oil delay interest rate rise

31st August 2015
Ben Brettell, Senior Economist, Hargreaves Lansdown: “The Bank of England’s capacity to surprise markets remains intact. Analysts had fully expected the Monetary Policy Committee to be split 7:2 in favour of leaving interest rates on hold this time around – as such the 8:1 verdict came as a shock, with Ian McCafferty the lone voice […]
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£60 billion wiped ON to the Footsie

28th August 2015
Today the Footsie had one of its best days ever, rising 3.7%, which added £60 billion to the value of the UK’s leading 100 companies. This is the biggest rise in the index since October 2011, and ranks among the top 50 days for the FTSE 100 since inception in 1984. The index has now […]
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Strong export growth 'at odds' with universally gloomy survey data

28th August 2015
Martin Beck, senior economic advisor to the EY ITEM Club, comments: “The deficit in Q2 was the smallest for four years with all of the improvement founded on a sharp rise in exports, with imports remaining flat. “It is worth noting that both outturns are inconsistent with other indicators. The recent business surveys have painted […]
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Momentum Africa Real Estate Fund reaches $150 million

27th August 2015
Momentum Global Investment Management, in conjunction with sister company Eris Property Group, has successfully completed the second close of the Momentum Africa Real Estate Fund.  A further $103 million was committed to the Fund which has now raised a total of $150 million to date.  The Fund focuses on the development of retail, commercial and […]
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China Devalues the Yuan

26th August 2015
FX expert Philippe Gelis, CEO and co-founder Kantox believes that China’s decision to de-value yuan indicates the nation’s economy is reaching desperation point. “China’s rapid U-turn in monetary policy highlights that the nation’s economic situation is reaching desperation point. Despite previously stating that the country would let the yuan float, China has instead opted for […]
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FTSE hits longest losing streak since 2003

25th August 2015
The FTSE 100 has once again ended the day in negative territory, extending its losing streak to 10 days, the longest since January 2003. Meanwhile the Dow Jones in the US fell by over 1,000 points when it opened yesterday, though it has since made back some of this ground. The FTSE 100 has now […]
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Australian share market loses $60 billion

24th August 2015
Finishing the day 4% lower than it started, $60 billion has been wiped off the value of Australian shares in what is the worst one-day drop since the global financial crisis. The fall was also compounded by the Asian markets, with Shanghai's losing 11.5% last week alone, falling a further 8% today. These statistics follow […]
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Andy Murray Makes Multiple Investments on Crowdfunding Platform

24th August 2015
Tennis champion and world number two Andy Murray announced today that he has made multiple investments on Seedrs, the largest equity crowdfunding platform in Europe. Murray, who joined the Seedrs advisory board in June, identified three British businesses he wanted to back on the crowdfunding platform, and has invested an undisclosed amount into all three. […]
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Maxxia's CLM compiles a free eGuide on ‘The Essentials of Outsourcing’

19th August 2015
Asset finance company Maxxia’s outsourcing division CLM has recently compiled a free eGuide on ‘The Essentials of Outsourcing’, downloadable from their website. The economic recovery may be underway, but the way businesses work has changed dramatically as a result, with many still cautious to commit resources. As such, outsourcing is gaining favour as a way […]
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Citi Holdings Assets of $116 Billion Declined 22%

19th August 2015
Citigroup Inc. reported net income for the second quarter 2015 of $4.8 billion, or $1.51 per diluted share, on revenues of $19.5 billion. This compared to net income of $181 million, or $0.03 per diluted share, on revenues of $19.4 billion for the second quarter 2014. CVA/DVA was $312 million ($196 million after-tax) in the […]
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ActiveOps sets its sights on US financial market

18th August 2015
Leading global operations performance management specialist ActiveOps has opened a new dedicated US office and appointed a US managing director to actively target the world’s biggest banks and insurers with its globally-recognised Active Operations Management (AOM) method and Workware™ software suite for insight, capacity management and strategic planning to deliver operations excellence. ActiveOps’ existing clients […]
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$25 millon funding strengthens Harkand operations

17th August 2015
Harkand’s key shareholder Oaktree Capital Management has reaffirmed a strong commitment with an additional $25 million (USD) of funding which will allow the company to expand its footprint in new and existing regions. As well as maintaining its operations in current market conditions, the global inspection, repair and maintenance company has recently been awarded three […]
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