The world's stock markets are spiralling downwards. The U.S. equity market fell 10 percent last month. Investor terminology calls this a "correction" not a crash. But prospects don't look good. Big investors, banks and financial ...
Tags: Economic Crisis, investment banks
UK-based whiskey and vodka producer Inver House Distillers is planning to ramp up its production capacity in order to cater to increasing demand in international markets. The company has secured £10m in loan from Bank of ...
Tags: Inver House, whiskey, vodka
UK-based packaging firm Universal Flexible Packaging (UFP) has invested £11m at a new facility that will help them boost their annual turnover from the current £17m to £25m in three years. The firm will be relocating ...
Tags: Flexible Packaging, Packaging
LONDON (AP) — Britain’s economy has grown to surpass the peak it reached in 2008, before the global banking crisis caused a deep recession, official figures showed Friday. The Office for National Statistics said gross domestic ...
As tech clichés go, “big data” falls somewhere between “cloud” and “social” on the list of terms you’re probably tired of hearing — ideas so broad they mean hardly anything at all. ...
Tags: big data, electronics supply chain
Henkel successfully completed the refinancing and amendment of two credit facilities with a total amount of 1,500 million euros. The transaction includes the replacement of the company's 700 million euros revolving credit facility with a ...
Tags: Henkel, refinancing, credit facilities
The Royal Bank of Scotland (RBS) has been accused of “horrendous treatment” of some small firms, after it allegedly wrongly classified sound businesses in a high risk category in order to boost revenue. RBS has been accused of ...
Tags: RBS, accuse, horrendous, firm
British motor insurer Direct Line Group has reported operating profit of £131.2m for the third quarter of 2013, with an increase of 6.1% compared to £123.7m during the same period earlier year. The company said that the 6.1% ...
Tags: motor insurer, Direct Line
Scottish ministers have issued a tender for the provision of IT staff for public sector organisations in Scotland. The tender, found on the Official Journal of the European Union (OJEU), states that the framework agreement is available ...
Tags: Computer Products, software
The Royal Bank of Scotland (RBS) is to spend more than £300m on a new IT system as it prepares to sell off 314 branches under the Williams & Glyn's moniker. RBS is reviving the Williams & Glyn's name after 30 years, with the ...
Tags: Computer Products, software
Whitworths, the dried fruit, nut and seed supplier, has received a big cash boost after private equity firm Equistone Partners Europe Fund IV acquired a major stake in the Midlands-based firm. Equistone Partners investment will enable ...
Tags: Fruit, Nut, Agriculture, Food
China's business activity surged to a 17-month high in August, providing fresh evidence that the protracted economic slowdown in China may be bottoming out. Industrial production gained 10.4 percent from a year earlier, picking up from ...
Tags: Steel Leads, Steel Sector
Equistone Partners Europe, a private equity firm, has acquired a majority stake in Whitworths, a UK-based supplier of dried fruit, nut and seed products, from European Capital in a deal which valued the company at £90m. Whitworths, ...
Tags: Whitworths, Equistone Partners
Sydney’s Cross City Tunnel is facing receivership for the second time in seven years. The Tunnel’s owners are required to refinance the project to the tune of $79 million by September 30, however an unpaid stamp duty bill ...
Tags: Cross City Tunnel
Financial software expert Lev Lesokhin, who works for analysis and measurement software provider CAST Software, believes that stock exchanges are playing Russian roulette with their trading systems. "We're loading up a bunch of bullets or ...
Tags: Computer Products, software