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Brickendon Achieves 300% Growth

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Brickendon Achieves 300% Growth

Challenger Consultancy achieves substantial growth in an uncertain market 

Brickendon, the award-winning transformational consultancy, has today announced 300% growth since 2012.[1]  This month the brand is celebrating eight years of success, experiencing significant growth despite challenging market conditions.

With reports speculating that Brexit is set to shrink the financial services market by as much as 9.5% in value by 2020,[2]  it is imperative that the sector continues to innovate and find alternative ways to grow to stay ahead of macro-economic and sector challenges.

Brickendon’s innovative and forward-looking approaches to issues such as cloud technologies, digital methodologies, Artificial Intelligence (AI) and Blockchain have helped it do just that, as well as enabling the firm to rapidly expand into global markets. Since its inception in 2010, Brickendon has grown from one office in London to multiple offices around the world. This month, Brickendon has increased its global offering even further by expanding its expertise to the Canadian market.

With increased international reach and capabilities, Brickendon is set to build on its domestic and international success. Brickendon’s expertise spans over five practice areas – strategy, risk & regulation, data, quality & testing and digital. With almost 30clients, including global banks, hedge funds, asset managers and FTSE 100 companies, the transformational company’s innovative offering acts as a springboard for reimagining the financial services sector and challenging the status quo of large consultancies.

Brickendon is renowned for helping deliver the financial services of the future by constantly innovating and adapting strategy in challenging market conditions. Inspiring efficiency and competitiveness, Brickendon aims to transform the financial services sector through its unique and tailored solutions, particularly in areas such as its award-nominated DevOps approach.

“Brickendon has remained on top through the ever-evolving cycles of the financial services sector.  Now serving four markets globally, we have grown our workforce to over 100 in under five years,” says Christopher Burke, CEO of Brickendon.

“Our growth shows the financial services industry is changing and shifting significantly. Major corporations are now opting to work with innovative challenger brands with deep domain expertise that can offer more unique solutions to their challenges in these increasingly uncertain market conditions.”

A key focus for Brickendon has also been to dismantle the ‘dusk-‘til-dawn’ culture. The firm signed the Women in Finance Charter in 2017, strengthening its vision that females have an integral part to play in the financial services industry. It already employs a number of senior women in part-time positions and is actively seeking to increase this figure.

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Puma forecasts strong rebound from end of second quarter

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Puma forecasts strong rebound from end of second quarter 1

BERLIN (Reuters) – German sportswear company Puma said on Wednesday it expects a heavy impact on its results from lockdowns to contain the coronavirus pandemic through the end of the second quarter, but said it sees strong improvements after that.

“We do expect the negative impact to continue through the first and parts of the second quarter, but expect to see an improvement in the second half of the year,” Chief Executive Bjorn Gulden said in a statement.

For the full year, it expects at least a moderate increase in sales in constant currency, with an upside potential, and a significant improvement compared with 2020 for both its operating and net profit.

Fourth-quarter sales rose by a currency-adjusted 9.1% to 1.52 billion euros ($1.85 billion) and operating profit by 14.6% to 63 million euros, meeting average analyst forecasts for 1.52 billion and 62 million euros respectively.

Puma said growth in the fourth quarter was driven by Greater China and its Europe, Middle East and Africa region, despite lockdowns in Europe, noting that about half of the stores selling its products in Europe are still closed today.

Rival Nike in December raised its full-year sales forecast after COVID-wary shoppers demanding outdoor sportswear drove its third consecutive surge in online sales.

($1 = 0.8226 euros)

(Reporting by Emma Thomasson; Editing by Maria Sheahan)

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Vodafone’s Vantage Towers announces intention to float

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Vodafone's Vantage Towers announces intention to float 2

LONDON (Reuters) – Vantage Towers, the mobile infrastructure company spun out of Vodafone Group, on Wednesday announced its intention to float on the Frankfurt Stock Exchange by the end of March.

Vantage operates about 82,000 towers across 10 countries, where it is usually the leading or second largest supplier.

Vodafone said it would sell a “meaningful minority” to create a liquid market in Vantage Towers’ shares. No newly created shares will be on offer, meaning Vantage will not reap proceeds from the deal.

The company did not disclose how many shares will be offered, but people familiar with the matter said earlier this month, that stock worth about 3 billion euros ($3.65 billion) would be sold.

Vantage said late last year that it expects to report pro forma adjusted core earnings of up to 540 million euros in the financial year to the end of March 2021.

Rival telecom mast companies such as Cellnex, American Tower, Crown Castle and SBA Communications trade at 25 to 30 times their core earnings, which would imply a valuation of 13.5 billion to 16 billion euros for Vantage.

($1 = 0.8226 euros)

(Reporting by Paul Sandle and Arno Schuetze; editing by Sarah Young and Louise Heavens)

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Lloyds profits fall as it targets wealth push

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Lloyds profits fall as it targets wealth push 3

LONDON (Reuters) – Lloyds Banking Group reported a sharp fall in profits for 2020 but resumed paying a dividend, as outgoing CEO António Horta-Osório set out fresh targets to expand the bank’s insurance and wealth business and further cut costs.

Britain’s biggest domestic lender reported pretax profits of 1.2 billion pounds ($1.70 billion), well down on 4.4 billion pounds the previous year, after pandemic lockdowns shrank household spending and drove up provisions for bad loans.

The profit figure nonetheless beat an average of analyst forecasts of 905 million pounds.

Among the targets set out, Lloyds said it would increase funds from customers in insurance and wealth by 25 billion pounds by 2023 and cut office space by 20% within three years.

Lloyds set aside 4.2 billion pounds to cover loans expected to sour, below a 4.5 – 5.5 billion pound range previously given.

The bank said it would pay a 0.57 pence dividend per share, the maximum allowed by the Bank of England and above a forecast of 0.53 pence.

Horta-Osório is leaving Lloyds after a decade running the bank to stand for election as chairman of Credit Suisse in April, with HSBC executive Charlie Nunn set to replace him.

($1 = 0.7048 pounds)

(Reporting by Iain Withers, Editing by Lawrence White)

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