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Online financial services company Praemium (ASX:PPS) has revealed its revenue grew 33% in FY10, and that it hopes to become cashflow positive by the second half of next year
To provide its multi-currency platform for services offered by the UK's Russell Investments
Rubik Financial will offer CCK's Guava suite alongside its own banking solutions
The financial terms of the deal were not disclosed
The Melbourne-based firm has $500m worth of funds under management
The transaction is expected to conclude before the end of the year
But sthe trong Aussie dollar could dint the company's bottom line
Investor confidence has not yet fully recovered
Investment disputes grew 68% during the tumultuous year
Perpetual on the lookout for more acquisitions
Remunerations and commissions need to be examined.
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