Britain Financial News

Subscribe to enjoy similar stories. Mumbai: In 1983, a teenaged Salman Khan boarded a yacht off the Andaman Islands with a group of young, happening folks and a red icebox filled with chilled glass bottles of Campa Cola. They pitch tents on a pristine beach, chanting ‘Campa Cola’ to an electric guitar.

Arm Holdings recently sought to acquire Alphawave, a UK-based supplier of semiconductor intellectual property, to secure a crucial technology that is crucial for building its own artificial-intelligence processors, according to three sources familiar with the matter. Alphawave, which has a market value of 707.1 million pounds ($913.36 million), has been working with its investment bankers to explore a sale after receiving acquisition interest from Arm and other potential acquirers, one of the sources told Reuters. Arm, however, has decided not to pursue a takeover of Alphawave after its initial discussions with the company, two of the sources said.

Subscribe to enjoy similar stories. New Delhi: The US has once again raised objections to India’s trade policies, including key initiatives meant to support local manufacturing, casting a shadow on ongoing negotiations between the two nations for a bilateral trade agreement.

British Airways is reportedly considering launching a biweekly service between the two cities. The announcement came after West Bengal Chief Minister Mamata Banerjee raised the issue during her recent visit to the United Kingdom. On Thursday, the Trinamool Congress (TMC) said on social media that British Airways is acting on Banerjee's request, with plans for direct flights already in progress. However, the airline has yet to issue an official statement regarding the matter.

Initially announced back in 2024, Amundi will supply non-US products for Victory Capital's distribution in the US as part of the deal, while Victory Capital will provide American active asset management products for Amundi's distribution outside of the US. Amundi appoints Eric Bramoullé as UK CEO In exchange for the partnership, Amundi received 21.2% of equity in Victory Capital, or 17.6 million shares at closing, which equals 4.9% of voting rights in the company. According to Amundi, the firm expects its total equity interest to hit 26.1% in the next following months. Davi...

The deposit protection limit is the maximum amount of money the FSCS protects if a depositor's bank, building society, or credit union becomes insolvent. It has remained at £85,000, per person, per institution since 2017. FCA and PRA ditch plans to progress with diversity and inclusion targets The proposed increase accounts for inflation over the past seven years and aims to reassure consumers about the security of their deposits in UK-authorised financial institutions. If implemented, the new limit will apply to firms that fail from 1 December 2025. PRA deputy governor for prudent...

Subscribe to enjoy similar stories. Local video streaming platforms focussed on regional languages and niche target audiences are increasingly getting a substantial chunk of their revenue from overseas Indian viewers, in some cases up to 40%.

transnational repression" and acts that threaten to further erode the city's autonomy, drawing condemnation from the territory's government Tuesday. The six officials included Justice Secretary Paul Lam, security office director Dong Jingwei and police commissioner Raymond Siu. The sanctions are expected to further escalate tensions between Washington and Beijing, who are already locked in friction over trade tariffs and other issues like Taiwan. «Beijing and Hong Kong officials have used Hong Kong national security laws extraterritorially to intimidate, silence, and harass 19 pro-democracy activists who were forced to flee overseas, including a US citizen and four other US residents,» the US State Department said. The statement dated Monday said the six officials sanctioned were linked to entities or actions that engaged in coercing, arresting, detaining or imprisoning individuals under the authority of the city's security law, or implementing the law. The other three affected officials were Sonny Au, the secretary-general for the city's committee for safeguarding national security, and Dick Wong and Margaret Chiu, both assistant commissioners of the police.

Vodafone Idea shares will be in focus on Tuesday as the government converts Rs 36,950 crore of the telco’s outstanding spectrum payment dues into equity, reducing its statutory liabilities and supporting its financial viability. The move will raise the Centre’s stake in Vi from 22.6% to 48.99%. At the same time, private promoters Vodafone Plc and Aditya Birla Group (ABG) will see their holdings drop to 16.1% and 9.4%, respectively, though they will retain operational control.

The United States sanctioned six Chinese and Hong Kong officials who it alleged were involved in “transnational repression” and acts that threaten to further erode the southern Chinese city’s autonomy

Natasa Stankovic? All eyes were on Jasmin Walia, Pandya’s rumoured new ladylove, as she was seen cheering for the Mumbai Indian’s captain during the IPL match. She was also seen boarding the MI team bus after they scored a victory against the Kolkata Knight Riders.

Indian equities ended the financial year to March 31 on a positive note, but gains were modest against the previous fiscal year and compared with many other global markets. A wave of selling pressure from foreigners in the second-half of April-March eroded most of the gains, pushing indices to multi-month lows and denting overall sentiment. India, the world’s fifth-largest equity market in value, lagged behind more than six major global markets, including Hong Kong, Singapore, Germany, China, the UK, Taiwan and the US as foreign investors turned bearish on India on account of slowing growth concerns and expensive share valuations.

Sony Pictures' One of Them Days will be available for streaming on Netflix in the United States earlier than expected. Originally predicted to arrive in May 2025, the release date has been moved up to March 31, 2025. Other regions will receive the movie later, following different distribution agreements.

Rainbow's move comes after nearly two decades at Schroders, which he joined in 2007 as head of UK marketing. Schroders Americas CEO Phil Middleton to become head of UK as James Rainbow exits «After 17 years, 11 months and 21 days, today marks my last official day at Schroders,» Rainbow said in a LinkedIn post on Monday (31 March). «I know that this was actually announced last November and since then I have enjoyed a fantastic break from work, however it feels like now is the right moment to mark the end of this chapter. „Schroders has unquestionably changed in so many ways since...

The chief executive of Primark, one of Europe’s biggest fast fashion retailers, has resigned after an investigation into his behavior toward a woman in a social environment

Ministry of External Affairs (MEA) on Monday strongly rejected a report published by The New York Times, calling it «factually incorrect and misleading.» Official sources stated that the report misrepresented facts and framed issues to suit a particular political narrative. Responding to allegations concerning Hindustan Aeronautics Limited (HAL), a state-owned defence company, the MEA asserted that HAL has always complied with international rules on strategic trade controls and end-user commitments. «We (Ministry of External Affairs) have seen a report published by The New York Times. The said report is factually incorrect and misleading. It has tried to frame issues and distort facts to suit a political narrative. The Indian entity (Hindustan Aeronautics Limited-HAL) mentioned in the report has scrupulously followed all its international obligations on strategic trade controls and end-user commitments,» MEA sources told news agency ANI. The ministry also highlighted India's strong legal and regulatory framework for strategic trade. It reaffirmed that all Indian companies conducting business overseas are guided by these regulations. «India’s robust legal and regulatory framework on strategic trade continues to guide overseas commercial ventures by its companies. We expect reputed media outlets to undertake basic due diligence while publishing such reports, which obviously was overlooked in the instant case,» sources added.

The deal sees UK wealth manager Evelyn Partners and professional services firm S&W become two standalone businesses. Former Evelyn Partners chief professional services director Andrew Wilkes is set to assume the S&W CEO role, with former Evelyn Partners group CFO Andrew Baddeley becoming S&W CFO. Evelyn Partners posts near 12% earnings boost as AUM reaches record high Scott Kirk is set to continue as Evelyn Partners interim CFO. Both businesses «remain committed to pursuing a strong ongoing commercial relationship», Evelyn Partners confirmed in a press release shared this mornin...

The seven Aberdeen strategies are: abrdn Emerging Markets Equity Enhanced Index; abrdn American Equity Enhanced Index; abrdn European Equity Enhanced Index; abrdn Japan Equity Enhanced Index; abrdn World Equity Enhanced Index; abrdn UK Equity Enhanced Index and abrdn Asia Pacific Equity Enhanced Index. aberdeen seeks to merge two MyFolio fund ranges All seven track different indices including the S&P 500, FTSE All Share and several MSCI ones: MSCI Europe ex UK, MSCI AC Asia Pacific ex Japan, MSCI Emerging Markets, MSCI Japan, and MSCI World. Among the reasons cited by RSMR for the ...

According to Russell Reynolds Associates' (RRA) annual Global CFO Turnover Index report, the average CFO tenure reduced to 5.8 years down from 6.2 years during 2023.  Friday Briefing: What it takes for a CFO to step-up as CEO The spike in the US matched previous levels set in 2021 during the pandemic and the report attributed the US and UK exodus to a swathe of factors, including notably high rates of CFO retirement or transition to a board position.  According to RRA's research, the average age to transition to a board position reached its lowest point in six years at 56.6 years o...

Subscribe to enjoy similar stories. The word “work" has become loaded with meanings, is weighed down by multiple connotations and teems with social divisions. But what is work? Some view it as a four-letter word signifying a quotidian preoccupation, the root of a humdrum existence but an unavoidable necessity.