Britain Financial News

Phillips had worked at Société Générale Asset Management as head of UK wholesale distribution prior to the firm's acquisition by GLG, which Man Group later acquired in 2010.  Man Group president Steven Desmyter thanked Phillips for his service, noting that he «has enjoyed a long and distinguished career at the firm and played a significant role in its growth in the UK».  «We thank him for his expertise, humour and commitment, and wish him all the best for his retirement,» he added.  Man Group enjoys record $900m net inflows as performance fees surge fivefold Phillips added that ...

EET Fuels (a trading name of Essar Oil (UK) Ltd), has appointed Toyo Engineering India Pvt. Ltd. (Toyo-India) (100% subsidiary of Toyo Engineering Corporation, Japan) a leading engineering, procurement, and construction company, to carry out the FEED phase — an integral part of the project management process. Toyo-India will oversee design completion, project de-risking, detailed costing analysis, and other vital work. Completion of FEED will enable the Company to make the final investment decision (FID) on the ICC project. Upon completion (expected in 2028), the ICC project will capture carbon dioxide emitted from Stanlow refinery’s full-residue fluid catalytic cracking (FCC) unit — one of Europe’s largest units. Leveraging Stanlow’s unique location, the captured carbon dioxide will use a repurposed existing gas transportation network and be permanently sequestered into depleted gas fields in Liverpool Bay, as part of the HyNet industrial decarbonisation cluster in the North West of England.

A growing number of restaurant customers are choosing to eat alone

British financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone for the company as it looks toward an eventual initial public offering.

In her new appointment, Chambers will bring insights to 7IM's plans to continue the development of its platform. The firm said the new appointment forms part of its growth plans and innovation of its platform technology following major investment into the business by Ontario Teachers' Pension Plan earlier this year. Caledonia Investments to sell 7IM stake to Canadian pension for £255m Chambers' current board positions include non-executive director and remuneration committee chair at both Wise and TSB Bank in the UK. She is also an adviser and investor director for several Fintech ...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Retail sales rose by an annual rate of 1% during the month, up from 0.5% in the July and above the three-month average of 0.4%, said the British Retail Consortium (BRC) trade body. Cold UK summer dampens consumer spending in June This was however below the March peak, but the BRC reassured that August was still a «strong rebound» versus from the significant drop in April and the slight decline back in June. A similar pattern appeared in the three-month average figures, which were up 2.9% year-on-year and signalled a recovery from June's lacklustre results, but this still came in be...

In a letter to shareholders dated 30 August, Jupiter said the fund's total AUM had fallen to around £37.4m, which was «below the level at which the fund could be managed cost effectively and remain economically viable, and the fund is unlikely to attract new material investors in the future». As a result, the board said that closing the fund would be in the best interests of shareholders. The portfolio is set to close on 30 September, at which time all compulsory shares will be redeemed for clients, or, they can transfer their investment to another Jupiter portfolio free of charge up ...

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

How To Become Famous, to become successful, “some people… need to get attached, to the… mood of the nation." Salim-Javed did that with their angry young man. As the actor Sharat Saxena recalls: “It was the 70s… The anger and the fire that burned inside this hero was the same fire that raged within every young man." This is where the documentary peaks on this concept and then moves on. However, Akhtar offers this disclaimer: “We were unaware of all this while writing." A nice segue could have explained how the term ‘angry young man’ emerged.

Vedanta Resources plans to raise up to $1.5 billion in a five-year dollar denominated bond sale, marking the first such refinancing-focused global issuance since a January restructuring at the UK holding company of Vedanta Ltd. Proceeds from the latest issue will be used to refinance $470 million in bonds that are due in 2027 and $1 billion due 2028. Both sets of bonds — carrying 13.87% interest rates — will now be redeemed on October 2 this year. “Vedanta Resources’ objective is to redeem the two bonds, which are trading on a par, with the new ones, which will be issued at 9.5-10.5%, bringing down the borrowing cost,” said a banker.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Hewlett Packard Enterprise says it won’t drop its U.K. claim for damages against the estate of British tech mogul Mike Lynch

The U.K. government says it's suspending exports of some weapons to Israel because they could be used to break international law

Israel because there is a risk such equipment might be used to commit serious violations of international humanitarian law, foreign minister David Lammy said on Monday. Lammy said the decision to suspend the licences did not amount to a blanket ban or an arms embargo, but only involved those that could be used in the conflict between Israel and Hamas in the Palestinian enclave of Gaza. Soon after the Labour Party won an election in July, Lammy said he would update a review on arms sales to Britain's ally Israel to ensure these complied with international law.

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

Prince Harry, 39, is seeking advice from former royal aides to improve his reputation. Reports suggest he is frustrated with Hollywood publicists and is turning to familiar faces in the UK for assistance. Palace insiders reveal that Harry is consulting his old friends and associates, hoping to find a better approach. According to sources, Harry believes he needs a new strategy because his current methods are not effective.

Spencers, Princess Diana's biological family, have been actively involved in efforts to heal the division between Prince William and Prince Harry. According to family friends, Prince William's choice to go to Robert Fellowes' burial even though he knew Prince Harry would also be there has given the brothers' protracted and agonizing argument a tiny but significant glimmer of optimism. One of the oldest aristocratic families in Britain, the Spencers, are making a concerted effort to reunite the brothers, as per the reports of Yahoo entertainment.

Mike Lynch's estate in the UK. The US company had been seeking compensation over its acquisition of British tech firm Autonomy amid claims of fraud masterminded by its co-founder Mike Lynch to inflate the company's value. Lynch, who died in August when his yacht sank off the coast of Sicily, had denied any wrongdoings.