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Financial Institutions / Services
Record rise in UK Services PMI
UK Services PMI has risen by the 5.5 points to 52.9, the biggest ever jump in the survey’s 20 year history.
The rise is a sharp bounce back from the 47.4 reading taken in July in the immediate aftermath of the EU referendum.
The pound…
Mobeus has invested £3.7m in Redline Assured Security
Mobeus has invested £3.7m to support Redline Assured Security Ltd (“Redline”), a world leader in the provision of security training, quality assurance and consulting, primarily to the aviation sector. The funding will be used to accelerate…
The South Crofty tin mine has been bought by Canadian company Strongbow Exploration
Canadian-listed Strongbow Exploration Inc. completed the acquisition of the South Crofty tin project in Cornwall, UK, on 11 July. It has now agreed a deal with the administrator managing the affairs of the two companies (Western United…
Axactor acquires CS Union and Enters into a Strategic Partnership with Banca Sistema
Axactor AB (publ.) (Axactor) recently acquired CS Union in Italy. CS Union is a leading independent debt purchase/debt collection company with 1 billion Euros under management. Banca Sistema will continue as a 10% shareholder of the new…
Reliance Industries and State Bank of India to set up a Payments Bank
Reliance Industries Ltd (RIL) and State Bank of India (SBI), India’s largest lender, have signed a shareholders’ agreement for setting up a payments bank.
RIL confirmed in a statement saying: ‘The subscription and shareholders’ agreement…
