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U.K. begins hunt for new business after dumping EU

BRE

The U.K. has just voted to divorce its biggest trade partner. Now it needs to find new markets, and quickly. Negotiations on the terms of Britain’s exit (Brexit) from the European Union will take years, and that means prolonged uncertainty for exporters. Businesses are clamoring for government to come up with a plan. Two weeks after the Brexit vote, the ...

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UK:Tata board meets to discuss UK steel

bbc

The board of Tata Steel is meeting in India to discuss the future of its UK steel operations. It is expected to “pause” the sale of the main Port Talbot plant, but go ahead with the sale of its speciality business, which employs 2,000 people in Hartlepool, Rotherham and Stocksbridge. Tata is thought to be in less of a hurry ...

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U.K.:More real estate funds stop investors withdrawing cash

uk

The U.K. market for commercial property has just been hit with another massive Brexit aftershock. Four more big asset management firms have halted trading in commercial property funds in the past 24 hours, the latest sign of turmoil since the U.K. voted to leave the European Union on June 23.  A total of seven funds have been frozen this week ...

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