The UK financial services sector has been hit by record drops in income levels while business volumes have continued to fall sharply, according to the latest CBI/PWC Financial Services Survey released this week. The industry has cut jobs at the fastest rate since 1993 to try and trim costs and alleviate steep falls in profitability. Investment plans have also been heavily scaled back, the survey concluded.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
