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August 2016

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Ireland gave illegal tax benefits to Apple worth up to €13 billion

2nd August 2016
The European Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay substantially less tax than other businesses. Ireland must now recover the illegal aid. Commissioner Margrethe Vestager, in charge of competition policy, said: "Member States […]
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Finance Monthly 2016 M&A Awards Winners Announced

10th August 2016
Finance Monthly Magazine is pleased to announce that its 2016 M&A Awards edition has now been published. Every year Finance Monthly M&A Awards recognise and celebrate the achievements of dealmakers, management teams, financiers and professional advisers who, over the 12 months, have demonstrated their deal making excellence when working on some of the most important […]
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Unlocking Economic Uncertainty: 3 Keys For CFOs To Navigate Market Volatility

8th August 2016
By: Thack Brown, Head of Line of Business Finance, SAP The global economy can’t seem to shake out of its slump, driven by one uncertainty after another across a rotating cast of market factors. We are living in a prolonged era of economic and regulatory volatility, where the next Brexit or market rumor in China […]
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What does the Bank of England Interest Rate cut mean for you?

4th August 2016
Today the Bank of England has decided to take on the role of a supportive friend following Brexit with a 0.25% rate cut (from 0.5%) and some more quantitative easing. That’s basically when the Government prints money and flushes it into the economy, trying to give it a double espresso. What does this mean for the […]
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Brexit fund exodus eclipses 2008 crisis

2nd August 2016
Retail investors withdrew £3.5 billion from UK investment funds in June, according to Investment Association data released today. By comparison, in the worst month of withdrawals during the financial crisis, January 2008, retail investors withdrew £561 million from UK investment funds. In October 2008, just after the collapse of Lehman Brothers, retail investors withdrew £493 […]
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Standard Investment Acquires Burger King Nederland from Citoyen Food Group B.V.

15th August 2016
Amsterdam investment company Standard Investment has acquired Burger King Netherlands from current shareholder Citoyen Food Group. Burger King Netherlands is the owner and franchisee of 27 restaurants with a total of 1,400 employees in the country. The acquisition was completed mid-February 2016. Burger King has expanded its wordwide chains from 12,000 in 2009 to 14,500 […]
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C4L Group Holdings Limited was sold to Selection Services Investments Limited

15th August 2016
C4L sold to Selection Services Investments Limited C4L, a tech company based in Dorset, has been sold in a £20 million deal. The company, which runs the largest privately owned data centre network in the UK, has been acquired by investment company Castle Street Investments PLC (CSI), a subsidiary if which is Selection Services Investments […]
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Restructuring of African Bank Limited of South Africa

15th August 2016
PwC’s UK and South African firms complete African Bank financial restructuring African Bank has completed its financial restructuring with a ‘good bank’ and ‘residual bank’ emerging from curatorship (a process similar to a UK administration), following the completion of a deal led by PwC’s South African and UK firms today. The value of debt restructured […]
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Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
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