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SWIFT’S INNOTRIBE LAUNCHES ‘INNOTRIBE@BELFAST’ TO INVIGORATE INNOVATION WITHIN THE BANKING COMMUNITY
Innotribe, SWIFT’s initiative for enabling collaborative innovation in financial services, is launching its first standalone event to inspire creative evolution in the banking sector in Belfast on 13th & 14th June. Innotribe@Belfast offers a unique conference format to members of the banking community in which innovative idea generation is stimulated through a variety of interactive and
Written By Rebecca Harris
Posted on 16/May/2012
GE Plan Acquisitions of Equipment Makers Industrea Ltd. and Fairchild International
GE announced that it is pursuing acquisitions of two underground mining equipment manufacturers in support of the global expansion of its mining business. GE has entered into an agreement to acquire 100 percent of Australia-based Industrea Limited, a provider of safety and productivity-enhancing mining equipment and services. The transaction is valued at approximately A$700 million, which
Written By Rebecca Harris
Posted on 16/May/2012
Devonshire Corporate Finance advises on acquisition of £23m Lancaster based paper business
Advisers from Devonshire Corporate Finance Ltd, the advisory business of Kingston Smith LLP, have advised the owners of Connect Hygiene Products Ltd, Disley Tissue Ltd and Northwood Paper Sales Ltd on the acquisition of Peter Grant Papers Ltd for an undisclosed sum, in a deal supported by speciality finance house Centric Commercial Finance. The acquisition of Peter Grant, the fifth largest
Written By Rebecca Harris
Posted on 16/May/2012
Paul Clark CEO of Charter UK comments on the fact that Which? has written to the government
Paul Clark CEO of Charter UK, a provider of enterprise complaint and feedback management software working closely with the banks comments on the fact that Which? has written to the government, urging it to clear up the claims process for people who were mis-sold payment protection insurance (PPI) and stop claims management companies (CMCs) cashing in at their expense. “The first questions
Written By Rebecca Harris
Posted on 16/May/2012
Genpact’s Trade Status Reporting Solution Enables Banks to Comply with New Dodd-Frank OTC Derivatives Regulations
Genpact Limited (NYSE: G), a global leader in business process and technology management, has launched its Trade Status Reporting (TSR) Solution, a comprehensive offering that allows financial institutions trading on theover-the-counter (OTC) derivatives marketto comply with the new regulations mandated byTitle VII of the Dodd-Frank Act in the U.S., and recordkeeping and reporting requirements
Written By Rebecca Harris
Posted on 15/May/2012
Vantage helps Norwegian food giant help itself to profitable portions
Financial systems expert Vantage Performance Solutions is today announcing a deal which will see it enable Stabburet, part of the Norwegian consumer goods giant Orkla, gain visibility of the associated costs and profitability of its product lines and remove time consuming manual accounting processes. Stabburet, which has supplied leading food brands across Norway since it was established in
Written By Rebecca Harris
Posted on 15/May/2012
SPECIALIST MENTAL HEALTH CHARITY IMPLEMENTS NEW ACCOUNTING SYSTEM FROM ECLIPSE GROUP
Mental Health Concern, a provider of specialist mental health services in the North East of England, has implemented the latest version of the Infor FMS SunSystems accounting solution from finance systems specialist Eclipse Group. Mental Health Concern, which processes between 5,000 and 10,000 invoices per year, is using SunSystems to manage all of its accounting processes, including payments to
Written By Rebecca Harris
Posted on 15/May/2012
FULL DATA SHARING BY PAYDAY LENDERS IS THE RIGHT WAY FORWARD FOR CONSUMER FINANCIAL INCLUSION
Following the Office of Fair Trading’s announcement in March of plans to investigate the payday loan industry, and the subsequent report on the sector released by the Business, Innovation and Skills Committee, leading credit reference agency, Equifax, is urging all parts of the market to continue to work together to share data. The BIS Committee report stated that credit checking is a
Written By Rebecca Harris
Posted on 15/May/2012
APG Strategic Real Estate Pool N.V. acquired 49% in Lemon Tree Group companies
J. Sagar Associates advised APG Strategic Real Estate Pool N.V (APG Real Estate), an entity floated by a Dutch pension fund manager, APG, for acquisition of approximately 49% stake in Lemon Tree Group companies, a Delhi based mid market hotel group operating under brands such as “Lemon Tree Hotels” and “Lemon Tree Premier. APG Real Estate has picked up approximately 5% stake
Written By Rebecca Harris
Posted on 15/May/2012
Harry Elias Partnership successfully represented SEB in $210 million sale of Starhub Green Building
In a recent transaction,the corporate and real estate practice groupsof Harry Elias Partnership LLP acted forSEB Investment GMBH, a specialist investment house in Germany for managed securities and real estate investment funds, in respect of the disposal of the entire issued share capital of Ubitech Hub Pte Ltd, a special purpose vehiclethat owned Starhub Green Building. The property was acquired
Written By Rebecca Harris
Posted on 15/May/2012
