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Oil price drops below $28 a barrel

21st January 2016
The oil price has fallen as low as $27.67- the first time it is below $28 since 2003, while the existing oversupply problem is expected to be worsened by the lifted Western sanctions on Iran. It is predicted that the lifting of the Iran sanctions could result in the production of half a million barrels […]
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46th Annual Meeting of the World Economic Forum to Focus on Fourth Industrial Revolution

21st January 2016
Over 40 heads of state and government, as well as 2,500 leaders from business and society will convene at the 46th World Economic Forum Annual Meeting, from 20 to 23 January in Davos-Klosters, Switzerland, under the theme of Mastering the Fourth Industrial Revolution. Critical current challenges, such as security, climate change and “new normal” global growth […]
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World Economic Forum Opens Its Doors to the Public at 14th “Open Forum”

20th January 2016
The Open Forum Davos 2016, which runs in parallel to the World Economic Forum Annual Meeting 2016, is organising a series of panel discussions from 20-22 January, open to the public. Panellists include Nobel Laureate Joseph Stiglitz, heads of state or government of five countries, chief executives of multinational corporations and other global leadersTopics include […]
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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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