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* Since the June 2016 Brexit referendum, new foreign direct investment projects in other EU nations made by U.K. firms rose by 12% as of the third quarter of 2018, amounting to £8.3 billion of potentially lost investment for the U.K., according to new research published by the London School of Economics. Meanwhile, new investments in the U.K. made by EU firms have declined by 11%, or about £3.5 billion, as a result of the vote to leave the EU.
* Top EU officials said the bloc's member states, after reaching a compromise, have given their support to a watered-down version of reforms to regional supervision of money managers, Reuters wrote. The plan is designed to prevent national regulators offering artificial incentives to firms based in London.
UK AND IRELAND
* Shore Capital Markets Ltd., a division of British investment group Shore Capital Group Ltd., has agreed to acquire the entire issued share capital of Stockdale Securities Ltd. for an initial consideration of £4.9 million and a maximum deferred consideration of up to £4.0 million. Deal completion is conditional upon regulatory consent to the proposed change of control.
* Axa XL could cut more than 700 jobs in Europe as part of the insurer's plans to integrate Axa Corporate Solutions, Axa Matrix, Axa Art and XL Catlin.
* U.K.-based global information provider IHS Markit Ltd. is launching an environmental, social and governance data platform for private equity and venture capital firms.
* U.K. banks have called for engagement with the government regarding support and guidance on how to deal with business fallout in the case of a no-deal Brexit, but their requests have gone unheard, insiders told Reuters. A spokesman for the U.K.'s treasury department, however, said it had "regular engagement" with financial services providers regarding the matter.
* Standard Life Aberdeen PLC unit Aberdeen Standard Investments Ltd. has launched a joint venture with Bahrain's Investcorp Bank BSC that will invest in social and core infrastructure projects in Gulf Cooperation Council countries. The joint venture will have around $800 million to $1 billion in funds, according to Bloomberg News.
GERMANY, SWITZERLAND AND AUSTRIA
* German payments firm Wirecard AG, which is at the center of allegations about manipulated accounts in its Singapore office, is...