There is no question that the EU referendum is one of the biggest political events we’ve been faced with in a while. We are so integrated within the EU economically and politically, that it is difficult to appreciate what life would be like outside of it. Since the UK joined the EEC in 1973, we […]
The financial sector has paid 465% markup for IT products. Suppliers are exploiting a lack of transparency in the IT market to inflate product prices, according to the annual KnowledgeBus IT Margins Benchmark Study. Now in its fourth year, the study shows that the practice of charging excessive margins by suppliers is still commonplace across […]
Sterling has encountered significant losses in recent days with the increasing support for anti-EU theme from the recent ORB polls conducted regarding the referendum. More than 55% of voters showed their support for leaving EU while only 45% were interested in staying back with EU. The important point to note here is that price action […]
Small, medium, and large companies alike in Singapore have been struggling for some time now, and OCBC Bank hasn't been immune to the declines. Unfortunately, economic conditions in the region have been far from positive to say the least, and when it comes to corporate growth, it is something that economic conditions must support. Unfortunately […]
Private investors are seeing this morning’s market falls as a buying opportunity. 80% of the trades placed through Hargreaves Lansdown’s share dealing service this morning were purchases. This compares to around 60% on an average day. Senior Analyst at Hargreaves Lansdown, Laith Khalaf commented: ‘Private investors are clearly seeing today’s market fall as a buying […]
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 […]
After a night of counting the votes, it was revealed at exactly 06:00 BST this morning that Britain had voted to leave the EU. Prime Minister David Cameron has announced that he is stepping down by October, saying: “I fought this campaign in the only way I know how – which is to say directly […]
British citizens go to the polls today voting in a historic referendum which will decide Britain’s future. According to provisional figures from the Electoral Commission, 46, 499, 537 people are entitled to take part in today’s referendum in the UK and Gibraltar – the highest number of voters ever recorded for a UK election. Polling […]
Cruise Lines International Association (CLIA) has published its annual European Economic Contribution Report, revealing that the cruise industry is now worth €3.26 billion (£2.58 billion) per year to the UK economy. The cruise industry’s direct contribution to the British economy including items such as goods and services purchased by cruise lines and the salaries of […]
The final design for the new Bank of England £5 note, which will enter circulation in September, will feature the image of Sir Winston Churchill. The new note will be made of plastic rather than cotton paper, which is believed to be cleaner, more durable and harder to counterfeit than the current cotton paper banknotes. […]
According to the Pulse of FinTech, the quarterly global report on FinTech VC trends published jointly by KPMG International and CB Insights, Asia’s FinTech funding has risen to US$2.6b in the first quarter of 2016. Following a significant pullback in funding in Q4’15, mega-rounds lifted quarterly investment into VC-backed FinTech companies by over 150%. Global […]
In an attempt to give companies the ability to experience how technology is transforming the financial world and how it can be deployed to solve critical business issues, an ultra-modern innovation centre has recently opened its doors in central London. Dedicated to next generation banking and finance, the state-of–the-art centre was launched by Synechron Inc. […]
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