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2016

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BT secures major cloud services contracts with the EU

20th January 2016
BT has announced two new contracts with the European Commission[1] to deliver public and private cloud services across 52 major European institutions, agencies and bodies - including the European Parliament, the European Council and the European Defence Agency. Both framework contracts - awarded last December - run for up to four years with a combined worth […]
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Sanctions relief paves the way for developing UK trade relationship with Iran

19th January 2016
Implementation Day has been triggered following the verification by the International Atomic Energy Agency of Iran meeting its requirements as part of a comprehensive agreement on Iran’s nuclear programme. This has resulted in the termination of EU nuclear related financial and economic sanctions, and the suspension of US nuclear related secondary financial and economic sanctions. As […]
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Wesfarmers to acquire UK retailer Homebase for £340 million

19th January 2016
Wesfarmers Limited (ASX: WES) (Wesfarmers) confirms it has made a conditional offer to acquire Homebase from Home Retail Group plc (LSE: HOME) for cash consideration of £340 million (A$699 million).Wesfarmers and Home Retail Group began discussions in September 2015 and due diligence work commenced under a confidentiality agreement in October 2015. An exclusivity agreement was […]
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National Australia Bank values UK unit Clydesdale at up to £2 billion

18th January 2016
Jan 18 (Reuters) - National Australia Bank Ltd , the country's biggest lender by assets, has valued its UK unit, Clydesdale Bank Plc, at up to A$4.3 billion ($3 billion), according to IPO pricing terms. The indicative pricing range was quite wide at 175-235 pence per share or a A$3.2 billion valuation for the unit […]
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Virtual reality gear forecast to hit record billion-dollar mark this year, according to Deloitte Global 2016 TMT Predictions

18th January 2016
Deloitte Touche Tohmatsu Limited (Deloitte Global) predicts that virtual reality (VR) will have its first billion dollar year in 2016, with about US$700 million in hardware sales, and the remainder from content. The 15thedition of Technology, Media & Telecommunications (TMT) Predictions, a report by Deloitte Global, estimates sales of about 2.5 million VR headsets and […]
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BT takeover of EE gets final clearance

15th January 2016
BT today welcomed the Competition and Markets Authority’s (CMA) decision to approve its acquisition of EE, unconditionally without remedies. The CMA’s decision paves the way for BT to complete the acquisition of EE in the coming weeks and to incorporate the business into the wider BT Group in the months to come. There will be […]
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Top trends in financial services for 2016

15th January 2016
Better collaboration across silos Silos exist across most companies, often preventing organisations from communicating effectively. This can lead to confusion and a lack of clarity, both internally and for the end customer. 2016 will see a greater focus on improving collaboration across silos, resulting in: Improved customer experience ­– ensuring customers have seamless access to […]
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£1.2 million funding from Finance Birmingham supports buy out of engineering firm

14th January 2016
Finance Birmingham has invested £1.2 million as part of a multi-million pound funding package for Tamworth-based manufacturer Precision Technologies International Limited (PTI). The deal enables the company to be sold to a management team led by experienced entrepreneur Kevin Parkin. Supported with funding from Finance Birmingham, Panoramic Growth Equity, Management and Santander Invoice Finance, the […]
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India to concentrate on Rail Infrastructure in 2016

13th January 2016
Focusing on updating the railway structure in India is expected to result in the country’s growth hitting nearly 7% and possibly overpowering China in the global economy landscape. The greater attention to the sector and the stepping up of the investment to nearly quadruple is anticipated to not only improve the regional  mobility, but to […]
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An Interview with the CFO of BMW Group UK - Talita Ferreira

12th January 2016
In the first of our special CFO insights interviews in 2016, Finance Monthly spoke to Talita Ferreira, Chief Financial Officer of BMW Group UK Limited - the sales and distribution organisation for BMW and MINI brands in the UK. She leads the competencies of Finance, Risk, Purchasing, Human Resources, Strategy, Employee engagement and Cultural Change, […]
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Deloitte CFO Survey: A cautious start to 2016

12th January 2016
Chief Financial Officers (CFOs) of the UK’s largest companies enter 2016 in a mood of caution and with a strong focus on cost control according to Deloitte’s quarterly CFO Survey. The survey also finds levels of support among CFOs for the UK remaining in the EU have narrowed. 137 CFOs of FTSE 350 and other […]
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