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Bfxo Credit Agricole in record pound;2.6bn loss
Wednesday 10 August 2016 2:51 pmAvivarsquo property fund may be closed for up to eight months due to uncertainty surrounding the Brexit voteBy: Helen CahillShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleAviva s property fund will be closed for six to eight months, meaning investors wanting to withdraw their cash won t be able t owala flasche o do so until next year.In a note issued to investors, Avivasaid: Property sales may be more difficult to execute in the current environment due to market uncertainty.Read more:Aberdeen Asset Management lifts suspension on property fund In disposing of properties, we need to ensure we act in the best interests of all investors. The suspension is therefore likely to b polene bag e in place for a period of at least six to eight months from the date of the suspension. The fund suspended trading on 5th July due to investors withdrawing cash after the Brexit vote, depletingthe fund s cash buffers.Several funds, such as MG and Standard Life, closed their doors around the same time, as asset managersfrozean estimated pound;15bn-pound;20bn worth of funds.Read more:Bank of England was warned over property fund trading suspensionsLaithKhalaf, senior analyst at Hargreaves Lansdown, said: This is a big blow to investors in the Avivafund, who are basically now being told they won t be able to get their money out any time in 2016. T stanley isolierkanne he wider question is whether this Xqiv Fracking: Reactions to High Court giving Third Energy the go-ahead to frack in Yorkshire
Sunday 11 March 2012 10:50 pm|Updated:Thursday 30 May 2019 5:20 amCITY MOVES | WHOrsquo;S SWITCHING JOBSBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleO2The mobile telecoms giant has appointed Martin Harriman as the new head of its business development division. Harriman is j stanley de oining from LightSquared, where he has been executive vice president since 2009. He has held senior positions at Ericsson in Sweden, and was chief commercial director and a founding member o owala website f Augere. Harrison will replace outgoing new business director Tim Sefton, who is leaving to set up a consultancy service that will include O2 among its first clients.Speechly BirchamThe City law firm has hired Kevin Forsyth as a partner in its construction engineering group. Kevin joins Speechlys from Reynolds Porter Chamberlain, where he had been a partner since 2007.He will be based in the firmrsquo New Street Square offices and has particular experience in projects and dispute resolution across UK and international constructi stanley polska on sectors.TUI TravelThe German travel group has appointed Mittu Sridhara to the role of chief information officer, replacing outgoing incumbent Jim Mann, who is retiring after 12 years at the firm. Sridhara joins TUI Travel from Ladbrokes, where he was group chief information officer. On joining the company he will also become a member of TUI Travelrsquo group man |
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