Fintech Archives

Turner & Townsend grows global turnover to £409m

International Finance DeskJuly 27, 2016

by International Finance DeskJuly 27, 2016

Turnover jumps eight per cent July 27, 2016: The global professional services consultancy Turner & Townsend has increased its turnover by eight per cent to £409m in the year ended 30 April 2016. The company, which employs nearly 4,300 staff across 97 offices worldwide, has now notched up six consecutive years of revenue growth. Its...

Fintech

Insufficient cash at Verizon a cause for concern

International Finance DeskJuly 27, 2016

by International Finance DeskJuly 27, 2016

Company to generate $1.2 billion through promissory bonds IFM Correspondent July 27, 2016: Two days after the Yahoo acquisition, Verizon announced its Q2 results, wherein available cash totalled $2.86. This has led to concerns about financing the Yahoo deal, given the high debt-to-equity ratio. The company missed the Street’s sales estimate of $30.74 billion by...

Fintech

TomTom Telematics partners with Sage to deliver real-time fleet accounting

International Finance DeskJuly 27, 2016

by International Finance DeskJuly 27, 2016

Will allow to automatically view fleet data from connected vehicles July 27, 2016: TomTom Telematics has announced collaboration with Sage, the market leader in cloud accounting software. By combining TomTom WEBFLEET and Sage Live, the collaboration will deliver real-time accounting for companies with fleets of vehicles. WEBFLEET, the award-winning TomTom Telematics fleet management service, is...

Fintech

Dun & Bradstreet launches cloud-based D&B Credit

International Finance DeskJuly 26, 2016

by International Finance DeskJuly 26, 2016

Will enable financial decision makers to mitigate risks and identify growth opportunities July 26, 2016: Dun & Bradstreet has launched D&B Credit, the next generation risk management platform for trade credit in the UK and Ireland. The cloud-based platform gives finance teams dynamic, intuitive access to the world’s largest commercial database, with over 250 million...

Fintech

Verizon to buy Yahoo for $4.8 billion

International Finance DeskJuly 25, 2016

by International Finance DeskJuly 25, 2016

Yahoo to sell its email service, news, sports in addition to its advertising tools IFM Correspondent July 25, 2016: Yahoo’s board has agreed to sell the company’s core internet operations and land holdings to Verizon Communications for $4.8 billion. After the sale, Yahoo shareholders will be left with about $41 billion in investments in the...

Fintech

Oil price falls more than 1 percent

International Finance DeskJuly 19, 2016

by International Finance DeskJuly 19, 2016

Fuel inventories in various countries are full IFM Correspondent July 19, 2016: Oil prices were down by more than one percent on Monday after rising stock piles of crude and refined fuel raised concerns of another glut getting built up. There were also worries about potential supply disruption following a coup attempt in Turkey. The...

Fintech

Corporate and municipal debt hold steady

International Finance DeskJuly 19, 2016

by International Finance DeskJuly 19, 2016

Pre-trade municipal bond activity edges higher in June July 19, 2016: CUSIP Global Services (CGS) announced the release of its CUSIP Issuance Trends Report for June 2016. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity, suggests a steady issuance of new corporate and...

Fintech

IHS Markit begins trading at Nasdaq stock market

International Finance DeskJuly 18, 2016

by International Finance DeskJuly 18, 2016

Now has new ticker symbol “INFO” July 18, 2016: Nasdaq announced that trading of IHS Markit Ltd. commenced on The Nasdaq Stock Market on July 13, 2016. This marks the successful merger of two companies – IHS and Markit – creating a global leader in financial and corporate information. Following a thorough stock exchange evaluation...

Fintech

Rise of holiday cash mule

International Finance DeskJuly 11, 2016

by International Finance DeskJuly 11, 2016

Tourists are short-changing themselves by loading up on foreign currency before going abroad July 11, 2016: Concerns over access to money overseas are causing many holidaymakers to stockpile far more foreign currency than they need. The trip to the local post office or bank to ‘stock up’ ahead of departure is a tradition which could be...

Fintech

PCT announces management buyout

International Finance DeskJuly 6, 2016

by International Finance DeskJuly 6, 2016

PCT Management secures €12million investment to further accelerate growth July 6, 2016: Payment Card Technologies (PCT) announced a management buyout supported by a €12million investment from a European private equity firm. The transaction provides the company with significant growth development capital and a strong debt free balance sheet for further expansion both in Europe and...