BT is to become Reuters’ supplier of network services in a contract under which Reuters is expected to spend in the region of $3bn over eight and a half years. BT is also to acquire Radianz, the financial services extranet provider, from Reuters for $175m for the business plus any cash remaining on the balance sheet, net of working capital adjustments, at the date of completion. Under the network services agreement, BT will provide and manage secure data networks for Reuters products and services worldwide.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.