Hours after the EU Referundum results were revealed, UK Head of Banking and Capital Markets at PwC Simon Hunt comments on the impact that Brexit will have on the banking sector in the country. The UK is one of the world’s leading financial centres. The banking sector plays a major part in generating exports of […]
Royal Bank of Scotland shares dropped like a stone in early morning trading, as the bank posted a £2 billion loss and postponed paying its dividend. The UK government however will get a £1.2 billion dividend in the next few months, due to the special nature of the shares it bought in the bank as […]
It’s been a landmark year for mergers & acquisitions (M&A) across the power and renewables sector, according to PwC’s latest annual Power and Renewables Deals report. Following a strong performance in 2014, worldwide M&A activity in renewable energy has almost doubled, reaching a record high of US$55.3bn (2014: US$28.3bn). Despite global economic headwinds, PwC expects power and […]
The UK mid-market private equity house Dunedin has announced that it has made an £80 million investment in Alpha Financial Markets Consulting (“Alpha”) which will assist with the consulting firm’s continued growth into new sectors and new territories worldwide. Founded in London in 2003, Alpha is a leading global asset and wealth management consulting firm […]
Around half of hedge fund firms intend to launch a new hedge fund by the end of next year and most are reporting rising assets, according to a global survey by PwC and the Alternative Investment Management Association (AIMA), the global industry body representing alternative asset managers. The report, ‘Global Hedge Fund Distribution Survey 2015: Distribution […]
Hermes discusses the impact of the Federal Reserve’s widely expected increase in the benchmark US rate on overall market risk, credit, multi-asset investing, and equities in the US small- and mid-cap sector, global emerging markets, Europe and Asia ex-Japan. Saker Nusseibeh, Chief Executive, Hermes Investment Management If 2015 was the financial equivalent of Waiting for […]
The Government has released the review of its annual auto-enrolment thresholds (available here). Earnings trigger proposed to remain frozen at £10,000 – broadly eligible employees earning above this level are auto-enrolled. This would bring an additional 130,000 individuals into scope of being auto-enrolled, 71% of whom are women. Estimated further £23 million of pension savings […]
Last week South African President Jacob Zuma sacked Finance Minister Nhlanhla Nene in a widely-criticised move that sent the rand to record lows and caused the stock market to tumble. Mr. Nene was replaced by David van Rooyen, who will now be replaced by Pravin Gordhan. Mr. Van Rooyen was in the role for less […]
UK retail sales decreased 0.4% on a like-for-like basis from November 2014, when they had increased 0.9% from the preceding year. On a total basis, sales were up 0.7%, against a 2.2% rise in November 2014. Adjusted for the BRC-Nielsen Shop Price Index deflation, total growth was 2.2%. Total growth was below the 3-month average […]
Retailers could be missing out on crucial Christmas trading if they’re not able to offer card payments, new research from EE reveals. Four in five (80%) shoppers in the UK expect to be able to pay for goods using their credit or debit cards, but a quarter (25%) have been forced to abandon transactions due […]
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