Business News Round Up (19/08/19)
Global slowdown starts to weigh on shareholder returns
The pace of global dividend payments has reached their slowest pace (1.1%) in more than two and a half years as trade tensions take their toll. Despite this, shareholders have experienced good returns as dividends hit an all time quarterly high of £423 billion.
https://www.ft.com/content/bf01053a-c018-11e9-b350-db00d509634e
CBI boss says Scotland still faces big Brexit risk
A leaked Cabinet Office report detailing the likely consequences of a no-deal Brexit has prompted CBI Director Carolyn Fairbairn to warn Scottish businesses that they still face risks if the UK leaves the EU with no trade deal.
https://www.bbc.co.uk/news/uk-scotland-scotland-business-49393218
North set to receive £2,389 less per person than London on transport, think tank warns
The north of England is to receive £2389 less per person than London on transport according to a new report by IPPR North analysing regional transport spending in England. The report has highlighted the concern that the North is constrained by under investment by the government.
Software firm eyes overseas growth with £15m boost
Global delivery software business Sorted Group, developer of a retail management platform, has raised £15 million in Series B funding led by Merian Chrysalis, Praetura Ventures and NVM Private Equity to aid international expansion and increasing the company’s workforce.
https://www.insidermedia.com/insider/northwest/software-firm-eyes-overseas-growth-with-15m-boost