Business

Credit boosts tropical expansion for dried fruits success Ozgur Tarim

Dried fruits and seeds importer Ozgur Tarim is setting its sights on the tropics in 2020 after providing the festive fuel for millions of pies, puddings and cakes. Following start up 2017 the Essex-based business is forecasting a £26million turnover next year and has a 22 percent share of the UK market. Daily Express :: City and Business Feed

Pound Euro exchange rate: GBP/EUR flat as UK ‘election euphoria’ fades

The pound was left flat against the euro today as Brexit pessimism increased and left markets fearing a hard Brexit next year, leaving the pairing trading at around €1.176. Sterling suffered further losses on Wednesday as traders continued to assess the risk of a disorderly Brexit at the end of 2020. Daily Express :: City and Business Feed

UK crypto exchange shuts down over EU law

A UK-based cryptocurrency exchange has shut down because of looming EU regulation. The new law from Brussels – AMLD5 – will force cryptocurrency exchanges to comply with the same regulations as other financial institutions, including submitting suspicious activity to regulators and greater customer scrutiny. Daily Express :: City and Business Feed

Pound US dollar exchange rate sinks as UK inflation remains at three-year low

The pound US dollar exchange rate dipped by -0.3 percent today, with the pairing currently trading around $ 1.308 after the UK year-on-year inflation figure held at a three-year low of 1.5 percent in November. The report also showed that UK inflation continues to undercut the Bank of England’s target of 2 percent by a wide margin. Daily Express :: City and Business Feed