Investec asset management spin off plan lifts shares

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PhotoBy freeillustrated from PixabayInvestec asset management spin off plan lifts shares JOHANNESBURG/LONDON (Reuters) – Investec (INLJ.J) cheered investors on Friday with plans to spin off its asset management unit in a surprise restructuring ahead of the departure after four decades of the South African firm’s founder and chief executive. The plan to float the asset […]

Nationwide announces £1.3 billion in additional technology spend

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Nationwide announces £1.3 billion in additional technology spend LONDON (Reuters) – Nationwide Building Society (POB_p.L) said on Friday it would spend an additional 1.3 billion pounds on technology, as the British lender works to keep pace with the growing popularity of online and mobile banking. FILE PHOTO: A woman passes a branch of the Nationwide […]

Carney warns of 'no-deal' Brexit house price crash – newspaper

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Carney warns of 'no-deal' Brexit house price crash – newspaper LONDON (Reuters) – Britain’s property market would crash and mortgage rates spiral up in the event of a chaotic no-deal Brexit, with house prices falling 35 percent over three years, Bank of England Governor Mark Carney told ministers, The Times newspaper reported. The United Kingdom […]

Brexit talks 'closing in on workable solutions', Raab says

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Brexit talks 'closing in on workable solutions', Raab says LONDON (Reuters) – British and European Union negotiators are “closing in on workable solutions” to the outstanding issues in Brexit talks, Britain’s Brexit Secretary Dominic Raab said after a phone call with EU chief negotiator Michel Barnier. Britain’s Secretary of State for Exiting the European Union […]