Council leader Mike Whitby has thrown his weight behind plans to promote Islamic finance in the city to give more economic opportunities to budding entrepreneurs.
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The financial fall-out of the credit crunch had a grim impact on the West Midlands' private equity market in 2007, according to the latest figures from the Centre for Management Buy-Out Research, founded by Barclays Private Equity and Deloitte.
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Prudential is adding £2.7 billion in bonuses for 2007 to the value of its customers' with-profits policies after a year when its with-profits fund delivered an investment return of 7.2 per cent, despite volatile world stock markets and the credit crunch.
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