Turbulent start to 2016
2016 got off to a turbulent start as ongoing concerns over global economic growth and falling commodity prices continued to weigh heavily on investor sentiment. China’s stockmarket was suspended after a 7% drop in share prices activated a so-called ‘circuit-breaking’ system designed to regulate volatility. The suspension led to sharp…
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Changes to Financial Services Compensation Scheme (FSCS)
From 1 January 2016, British savers will receive a lower guarantee on their deposits. At present, in the unlikely event that a UK bank or building society collapses, the Financial Services Compensation Scheme (FSCS) will pay compensation of up to £85,000 per person or small business, per authorised bank or…
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Market Update
Compass Group PLC (CPG.LN), a food and support services company, said expectations for its full-year performance remain positive and unchanged. It forecast organic revenue growth for the full year ending Sept. 30 at constant currency of just over 4%, driven by new business wins, good retention rates and modest inflationary…
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