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February 2016

A bit more information

UK inflation rises in 2016 as the fuel price fall eases

18th February 2016
UK inflation edged up to a 12 month high in January 2016, coupled with a fall in petrol prices during the same period. Inflation, as measured by the Consumer Prices Index, rose by 0.3%. It was helped by smaller falls in food and fuel prices than the same time a year ago. Annual inflation has been below the […]
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Deutsche Bank reports 2015 fourth quarter net loss of €2.1 billion and full year net loss of €6.8 billion

16th February 2016
John Cryan, Co-Chief Executive Officer, said: “In 2015 we made considerable progress on the implementation of our strategy. The much-needed decisions we took in the second half of the year contributed to a net loss for the fourth quarter and full year.” He added: “We are focused on 2016 and continue to work hard to […]
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Goldman Sachs banker's relationship with Malaysian government under question

15th February 2016
Tim Leissner, the Singapore-based chairman of Goldman Sachs’ Southeast Asia operations, has left the country on a leave of absence following allegations of bond sales from a state fund being paid directly to Malaysian Prime Minister Najib Razak. The state fund — 1Malaysia Development Berhad (1MDB) — was set up with Leissner’s assistance in 2009 […]
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The Independent moves to digital-only publication

12th February 2016
The Independent is to become the first national newspaper title to move to a digital-only future, owners ESI Media have announced. The move will capitalise on The Independent’s position as the fastest growing UK quality newspaper website, and will ensure a sustainable and profitable future. Rapid digital growth in the past three years has made […]
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Chesapeake Energy makes statement following 50% drop in share prices

12th February 2016
Chesapeake Energy, the second-largest natural gas producer in the United States, plunged as much as 50% on Monday 8th after multiple reports that it had hired restructuring attorneys. Chesapeake shares fell from $2.05 to $1.01, with morning trading halted at least eight times. The company, which has more than $10 billion of debt, seems to […]
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UK businesses spend £1.2 million recovering from a cybersecurity breach says new research

11th February 2016
Most business decision makers in the UK admit that their organisation will suffer from a cyber security breach at some point. They also anticipate that to recover from a breach would cost upwards of £1.2 million on average for their organisation, the highest figure globally. This is according to a new Risk:Value 2016 report from […]
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The Pound is falling against the Euro and USD

10th February 2016
Families planning to escape the UK’s wet weather this half-term and Easter may want to budget carefully. In a budget squeezing double whammy, there are just 30 days between the two school holidays and the Pound has sunk by almost 8% against the Euro compared to last summer, according to leading travel money provider ICE […]
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FCA fines former Head of JP Morgan’s CIO International for failing to be open and co-operative

9th February 2016
The Financial Conduct Authority (FCA) has today fined Achilles Macris £792,900 for failing to be open and co-operative with the Authority. Mr Macris was Head of CIO International for JPMorgan Chase Bank, N.A. in London. In the role he was responsible for a number of portfolios, including the Synthetic Credit Portfolio, at the time of […]
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Dunedin investing in Alpha Markets Consulting

8th February 2016
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 […]
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Business Insight: Nick England, CEO of VFX Financial PLC

5th February 2016
VFX Financial PLC (VFX) is a UK based provider delivering Foreign Exchange and regulated payment and remittance services to a wide range of customers. The mix of clients is broadly split into Corporate and HNW and Private Clients. Corporate clients include Fiduciary firms (e.g. Offshore Trustees) as well as a broad range of SME’s. Here […]
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Business Insight: Mark Evans, CFO of O2

5th February 2016
In the second edition of our special CFO insight interviews in 2016, Finance Monthly spoke to Mark Evans, Chief Financial Officer of Telefonica UK. Telefonica UK owns the O2 brand, as well as giffgaff and a share of the Tesco Mobile joint venture. He talks to us about his role, O2’s customer retention, and predictions […]
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Fintech underpins the 4th industrial revolution

5th February 2016
In the November edition of Finance Monthly, Grow Advisors explained how the fastest growing application in fintech today is online lending. In this month’s edition they highlight some discussion that took place at the 2016 World Economic Forum in Davos, including fintech’s important role in the 4th industrial revolution. Just days ago at Davos, the […]
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