Britain Financial News

According to findings from Quilter Investors' most recent Investor trends survey, which polls a variety of leading UK and global fund groups, the narrative that Labour and the City are unnatural bedfellows has changed.  Only three in ten (31%) of respondents foresaw little impact of Labour's policies to boost the economy, while no respondents believed the chancellor's plans would stymie or reduce economic growth.  Political stability was widely cited as a driver of this renewed faith, with one respondent noting that Labour's plans for power could reignite love towards UK equities, whi...

Axiscades on Tuesday said its subsidiary Epcogen has bagged an energy storage project from UK-based Highview Power. The project is expected to generate 50 MW of power for 6 hours, aggregating to 300 MW, according to a company statement. «Subsidiary Epcogen has been awarded a long-term contract by Highview Power, a British energy storage technology producer. This project will feature the world's largest liquid air energy storage (LAES) facility, supporting a 50 MW, 300 MWh (six-hour) long-duration energy storage capacity to provide power to over 1 million homes in the UK,» the company said. The project will be set up on an engineering, construction and procurement (EPC) basis at Carrington in Manchester over a period of 20 months, the company said, adding that the commercial operation at the site is planned to begin in 2026.

Ankur Capital, which backs startups in agritech, climate and deeptech, has raised fresh capital commitments from existing backers British International Investment (BII) and MacArthur Foundation for its third fund. The latest fund, for which the target is Rs 1,200 crore ($150 million), has already raised capital from US International Development Finance Corporation and Self-Reliant India Fund, a central government initiative under the Ministry of Micro, Small and Medium Enterprises. “BII and MacArthur Foundation are returning investors in this fund as they were limited partners in our second fund…We continue to be a pre-series A investor and continue to look at companies at that stage,” Ritu Verma, managing partner, Ankur Capital, told ET.

Bitcoin remained relatively stable throughout the week, trading between $58,000 and $59,000 as markets anticipated a series of key data releases. The week kicked off with the release of July's Consumer Price Index (CPI) data from both the US and the UK on Wednesday. This was followed by major earnings reports on Thursday from retail giants Walmart and Alibaba. Today, all eyes are on the GDP data expected from Hong Kong and Taiwan, which could further influence market dynamics. Despite these developments, Bitcoin has yet to gather the momentum needed to break above the crucial $60,000 level. A surge in liquidations from crypto derivatives markets has contributed to the lack of upward movement. The US CPI data revealed a price rebound for July, aligning with market expectations. However, this has tempered hopes for a significant interest rate cut by the Federal Reserve in the upcoming month, adding to the cautious sentiment among investors. Additionally, rising geopolitical tensions between Iran and Israel have further intensified market pressures, creating an uncertain environment for risk assets like Bitcoin. Whales are active at the support levels buying the dip.

superyacht off Sicily on Tuesday to search for six people, including British tech magnate Mike Lynch, who are believed to be still trapped in the hull, 50 meters (164 feet) underwater. Divers were loading a rescue dinghy at the port of Porticello, near Palermo, after a first search Monday ended unsuccessfully. Fire rescue crews reported that divers were unable to access the below-deck cabins because they were blocked by debris that had shifted during the violent storm that toppled the luxury sailboat early Monday. Fifteen people survived, including a mother who reported holding her 1-year-old baby over the waves to save her. One body has been recovered, officials said.

Mike Lynch, the British tech magnate, and five other people were missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy’s civil protection and authorities said. Lynch’s wife and 14 other people survived. Lynch was among six people who remain unaccounted for after their chartered sailboat sank off Porticello, near Palermo, sometime after 4 a.m. A tornado over the water known as a waterspout had struck the area overnight, said Salvo Cocina of Sicily’s civil protection agency. One body was recovered, and police divers spent the day trying to reach the hull of the ship, which was resting at a depth of 50 meters (163 feet) off Porticello where it had been anchored, rescue authorities said. They returned to the site after 10 p.m. to see if it would be possible to search through the night, when weather conditions were expected to worsen, said Luca Cari, spokesman of the fire rescue service.

beer spa opened in the UK, providing beer lovers with a unique way to relax. This creative spa, housed at The Norfolk Mead Hotel close to Norwich, lets visitors consume pints in the jacuzzi and have an ale bath. The idea is an unusual addition to the wellness sector since it blends love of beer with relaxation, as per the reports of The Sun.co.uk.

Lucy Adcock, a 47-year-old from Ruislip, West London, led a double life. By day, she was a devoted single mother of five, handling school runs and family dinners. By night, she ran an organized crime group using drones to smuggle contraband into UK prisons. Adcock managed operations that involved delivering drugs and mobile phones worth nearly £1.5 million to six high-security jails, as per the reports of The Sun.co.uk. From her home, Adcock coordinated a team of four “ground crew” members. They used heavy-duty drones to drop packages of drugs and phones over prison walls. The contraband, wrapped in cling film and placed inside socks with fishing hooks, was retrieved by inmates using makeshift ropes. The operation was highly organized, with Adcock directing the crew from her car parked up to 20 miles from the prison.

British tech giant Mike Lynch, his lawyer and four other people are among those missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy's civil protection and authorities said.

European shares climbed on Monday, led by retail and basic resources stocks, with investors bracing for a data-heavy week with a focus on U.S. Federal Reserve Chair Jerome Powell's speech at Jackson Hole for clues on potential rate cuts. The pan-European STOXX 600 index closed 0.6% higher, touching an over three-week high in broad-based market gains, after having notched its biggest weekly gain in three months.

Prince William won't like to have his brother Prince Harry at his coronation ceremony. It must be noted that coronation ceremony of The Duke of Cambridge will only happen after the demise of his father King Charles III, New York Post reported citing Sunday Times. 42-year-old Prince William wants to have a 'different' coronation ceremony. Price Harry will celebrate 40th Birthday in September, as per the report. Meanwhile, King Charles III last week made his first comments about riots that have shaken British cities to praise the work of police in countering the violence.

Buckingham Palace was received in February. It took the world by surprise that King Charles had cancer and would be taking time off from public duties to receive treatment. However, in an uncanny happening, he is now deemed fit enough for a royal tour to Australia and Samoa, merely six months after the announcement. He has been upfront and honest about his prostate issue but is unlikely to disclose the specific type of cancer he is diagnosed with, according to The Sun. His goal, according to them, is to «reach out and embrace as many people impacted by cancer as he can.» The King was driven to disclose his cancer diagnosis in the hopes that the public's overwhelming support for him after he disclosed that he had undergone a prostate procedure and the substantial awareness it garnered would occur this time as well. From the beginning, courtiers have made it apparent that there would be no frequent updates on the monarch's health and recuperation, except for any significant developments required to be made public. Also Read: US Open 2024: When and where to watch live on TV and streaming in US and UK

Joe Blake kicked off his first dating-app chat with Missy Gosbee by inquiring about her favorite “Star Wars" movie. “Episode V," she instantly told him. (Nonfan translation: “The Empire Strikes Back.") Soon they were spending her birthdays watching 13-hour “Star Wars" marathons, munching on “Star Wars"-themed food from her collection of “Star Wars"-themed cookbooks.

World Nomad Games, often described as the Olympics of Central Asia, are just around the corner, ready to bring together the diverse and historically rich cultures of nomadic peoples from across the globe. From September 8 to 13, Astana, the capital of Kazakhstan will host this. The World Nomad Games are a competition and are a celebration of the ancient sports and lifestyles that have been passed down through generations. Over 2,000 participants from around 100 countries will converge in Astana to compete in 21 sports that reflect the skills and traditions of nomadic peoples. The fifth World Nomad Games in Astana will showcase not only sporting events but also intellectual disciplines. This year’s program includes exotic sports such as mas-wrestling, the national sport of Yakutia; Ovari, an intellectual game from West Africa; and Mangala, a strategic game from Türkiye. Ovari, an intellectual game from West Africa, was first documented by English explorer Richard Jobson in 1620.

Skywatchers are in for a celestial treat on August 19 as a rare super blue moon graces the night sky. This extraordinary event, one of the brightest and largest moons of 2024, combines the phenomena of a supermoon and a blue moon, making it a unique sight. It's worth noting that sometimes the moon can appear larger due to an optical illusion known as the «moon illusion.» When the moon is near the horizon, it can seem larger because our brains compare it to nearby objects like buildings or trees. When the moon is high in the sky, there are no such reference points, making it appear smaller.

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Democratic National Convention 2024 (DNC 2024) is all set to start in Chicago from Monday and all eyes will be on the party's presidential nominee Kamala Harris' speech. So when is Kamala Harris' speech at Democratic National Convention 2024.

Attack on Titan's conclusion approaches, the beloved anime is set to make a dramatic return with a special event. In addition to an anticipated DVD and Blu-ray release, fans will be treated to Attack on Titan: The Movie: THE LAST ATTACK, a compilation film of the final chapters of the series. The film is slated for release in Japanese theaters later this year, with a worldwide screening yet to be confirmed, as per a report by Collider.

The Food Safety and Standards Authority of India conducted inspections, sampling and testing of mixed spice blends after Hong Kong suspended sales of some blends of the MDH and Everest brands in April over high levels of a pesticide. Britain then tightened controls on all spice imports from India, while New Zealand, the United States and Australia have said they were looking into issues related to the brands.

Every US presidential election is consequential, but American voters face an unusually weighty decision in 2024. The outcome will have implications for US foreign policy, social policy and the integrity of the political system itself. But none of its consequences will be more profound or far-reaching than on global efforts to combat climate change.

chef Niki Nakayama opened a restaurant in Los Angeles, US, in 2011, she asked herself: “What do I want the staff to feel when we’re doing our work?” Then she wrote down the following words on a piece of paper: “Every day, better in every way. Everything is done with focus, heart, gratitude, love, care, purpose, intention, faith.” Initially the paper was placed by Nakayama’s workstation, but over time, it found its way into the menu, and eventually, it was reprinted as a permanent sign that hangs in two places in the kitchen today. Restaurant kitchens across the world, especially those in the fine dining world, display inspirational quotes and slogans for their staff to see and, hopefully, take to heart. Some read like a meditation; others a rousing locker room chant.