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With exactly a year to go until the UK exits the European Union many small and medium enterprises are nervous and have yet to put in place a plan to deal with the new reality the managing director of Treasury Solutions John Finn told Morning Ireland.

Companies are a bit nervous about borrowing again to fund growth and to help them access new markets to balance out any hit due to Brexit, Mr Finn said. That's partly a consequence of the financial crisis and the manner in which companies were treated.

From the conversations he's having with small and medium sized companies he said many are growing at a rate they can fund themselves, rather than taking on borrowing. 

On a positive note, SMEs are still seeing lots of opportunities, he said. 

His advice to firms is to formulate at least a three year plan "because you need to get to the end of the Brexit transition period," he said.


MORNING BRIEFS - US tech stocks fell again last night as concerns around a trade war and tighter regulations persisted.

Online retailer Amazon was amongst the worst hit with 30 billion dollars being wiped off its market value following a 4.4 percent dip in its share price.

Shares in Google's owner Alphabet, and Shapchat , were also down - though Facebook and Twitter shares rebounded slightly.