BSCC Patron member TMF Group has been championed as the ‘Best Fund Administrator’ at the Private Equity Wire European Awards 2021 in partnership with Bloomberg. The Awards recognise leadership and excellence among some of the continent’s best private equity fund managers and service providers. TMF specifically won in the ‘GPs with assets <$30bn‘ category and this success came not long before they were then later awarded ‘Corporate Services Provider of ...
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PM Confirms Reopening Following a scheduled review into the upcoming reopening of the UK economy: PM Johnson has concluded that further easing of COVID restrictions will commence on the 12th of April. This signals the return of ‘non-essential’ retail and outdoor hospitality which will come as welcome news to the nations pub-goers. The public can also expect hairdressers, nail salons, theme parks, zoos, gyms, leisure centres and life events (including weddings) ...
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Global Economic Outlook With Christian Keller, Head of Economics Research at Barclays Bank Introduction There will be a global recovery, stimulated by the U.S.A., with expansion of around 6.4% y/y this year. Importantly, this represents a faster economic rebound than that seen following the 2008-09 recession. The unprecedented US fiscal stimulus and continued Chinese growth are supporting the lagging European and EM economies. Inflation should rise in the coming months due to higher oil prices, ...
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Tech Tax In the April, of 2020, the UK Government introduced a new 2% ‘tech tax’ on the revenues of search engines, social media platforms and online marketplaces which “derive value from UK users”. However, on Monday (29th March 2021) the US warned of tariffs being introduced to counter this impact with some British-made products potentially facing tariffs of up to 25%. UK ceramics and overcoats have both been identified as ...
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BSCC Patron member Barclays has established a new European hub in Dublin as the almost 350 year-old British bank looks to capture a larger share of the EU’s desirable wealth business. The target for this expansion will be the continent’s ultra-high-net-worth which focuses on clients with investable assets of circa $100m. Barclays has already achieved success in their existing private banking wealth management hubs in Monaco, Switzerland and Ireland with ...
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Economic Outlook The Bank of England (BoE) has warned that the UK’s economic outlook is “unusually uncertain” even with the rapid vaccine rollout. A focus on how the pandemic evolves in the coming months will be a top priority and the maintained interest rates at 0.1% for March has highlighted this lack of clarity. Some analysts have also noted that the BoE may be reluctant to raise interest rates as their ...
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3 months with the Brexit Agreement: Insights to a new economic relationship With Erik Lagerlöf, of Vinge Advokatbyrå, and Henrik von Sydow, of Carnegie Investment Bank Introduction Erik Lagerlöf is a lawyer at Vinge Advokatbyrå with expertise in EU Competition and Regulatory law, Foreign Direct Investment (FDI) and Brexit. Erik is also an Adjunct Professor at the Stockholm School of Economics and has previous experience as visiting scholar at Harvard Law School and ...
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BSCC Patron member Essity have published their ‘Annual and Sustainability Report 2020’ which follows on from the company’s mission statement: to sustainably develop, produce, market and sell value-added products and services within hygiene and health. This is being achieved by striving for 100% recyclability of all brand packaging (including TORK, TENA and Lotus) and sourcing fresh fiber from certified wood-based supply chains. The company’s 46,000 employees, representing sales of 121,752 ...
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The UPS Foundation and UPS Healthcare are working to quickly deliver an equitable delivery program of COVID-19 vaccines. The multinational (in collaboration with COVAX, Gavi and CARE) has made a commitment to supply 20 million doses to countries across four continents. Africa, Asia, Europe and South America are set to benefit from this effort through the UPS ‘cold-chain network’ which provides the necessary freezer capacity for global shipping of vaccines. Scott ...
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UK Exports to the EU British exports to the EU fell 40.7%, according to the ONS, in the month of January and imports declined 28.8% - representing the largest fall since records began in 1997. However, the net trade deficit with the EU was actually cut as the value of goods exported was reduced by £5.6bn in comparison to the £6.6bn lost from EU imports into the UK. The economy is ...
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