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Pound drops towards two-month low as ‘Leave’ campaign pulls ahead

  Bloomberg The pound fell toward a two-month low as concern grew that the U.K. will leave the European Union. Sterling declined against all but two of its 16 major counterparts as four polls from three companies put the “Leave” campaign ahead and the Sun, Britain’s biggest-selling newspaper, backed a Brexit on its front page. A gauge of the pound’s ...

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Britain’s upstart lenders face Brexit shock in first downturn

  Bloomberg Investors contemplating how London could look outside the European Union have already identified some potential victims: fast-growing British lenders that might have to face their first economic downturn as public companies. Billionaire Richard Branson’s Virgin Money Holdings UK Plc and small lenders like OneSavings Bank Plc have ridden the recovering economy of recent years to help them win ...

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Daetwyler to buy Britain’s Premier Farnell for $871mn

  Bloomberg Daetwyler Holding AG, a Swiss provider of engineering and industrial parts, agreed to buy Premier Farnell Plc of the U.K. for £615 mn ($871 million) in a deal aimed at consolidating the fragmented European market for electronic-component distribution. Investors will get 165 pence in cash for each Premier Farnell share, the company said in a statement on Tuesday. ...

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