US music producer Timbaland - famous for working with Justin Timberlake, Madonna and Jay-Z - said his music is in "great hands" as he sold a back catalogue to a UK-based company.

Hipgnosis said on Wednesday it has bought the catalogue from the Grammy-award winning artist, though did not reveal the price.

It includes Timberlake's albums, which have sold 32 million copies globally, Nelly Furtado's album Loose, featuring her song Maneater and two US number 1 singles, and songs performed by Jay-Z, Madonna, Tupac Shakur, Rihanna and Drake.

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"Merck [Mercuriadis, Hipgnosis's founder] is a visionary who I know appreciates the value of my musical life work. My music is in great hands," Timbaland said.

The London-listed firm has been gathering funds in recent months, including a deal that will let it borrow up to £65 million from JP Morgan Chase. In April it raised £141 million in an oversubscribed share placing.

Mercuriadis said: "Ask any of today's greatest creators who their biggest influences are and the one name that appears on everybody's list is Timbaland.

"His iconic records with Aaliyah, Jay Z, Missy Elliot, Nelly Furtado, and Justin Timberlake amongst many others are iconic and will be remembered forever."

Property giant Segro has said it signed new contracts worth £15.3 million over the third quarter, up from £12.6 million a year ago.

This brought its total for the year so far to £48.6 million, but this is down from £52 million seen for the same period a year earlier.

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Its vacancy rate also edged up to 4.9%, from 4.8% as at the end of June.

David Sleath, chief executive of Segro, said: "Despite the uncertain macro-economic backdrop at this time, we head into the final part of the year with confidence."

Two-thirds of institutional investors at banks, hedge funds and investment vehicles believe a no-deal Brexit will have a negative impact on global markets, with a third expecting "serious implications", according to a new survey.

By comparison, if the UK manages to secure a last-minute Brexit deal, 71% of institutional investors believe markets will improve, financial services business State Street found in its Brexometer research.

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If there is an extension to the October 31 deadline, which markets believe is the most likely outcome, professional investors are more split in their views, with 43% saying traders will react negatively. A third think the opposite.

Jorg Ambrosius, head of Europe, Middle-East and Africa at State Street, said: "It's no surprise that Brexit is having a significant impact on global markets, and whilst a confirmed decision is unlikely until the eleventh hour, the vast majority of our clients have factored in the different scenarios to their investments and business models.

"Instead, what the industry will be looking at now is how these contingency plans fare in weathering the Brexit storm."