Britain Financial News
12.07 / 19:13
Art
Parke
Universities
show
voice
Interviews
Bharti Kher: Always an alchemist at heart
Ancestor (2022) looms high. This mother figure with heads of 23 children emerging from her body puts the female form front and centre. The artist had been commissioned to make this 18ft-tall painted bronze work, to be placed at the southeast entrance of New York’s Central Park—it was displayed therefrom 8 September 2022 to 27 August 2023—after she had been recovering from long covid.
12.07 / 19:00
defi
Crypto Hacks Cost $176 Million in June, a 54% Drop from May
There was a major decline in crypto hacks in June, with losses totaling $176 million, according to recent PeckShield data. June numbers mark a 54.2% drop from the staggering $385 million thieves stole in May.
12.07 / 18:51
12.07 / 18:45
FIVE
economy
Election
Opinion
country
Scandals
Labour predicted to rout Sunak's Conservatives as Britain goes to polls
Britain looks set to elect Labour Party leader Keir Starmer as its next prime minister when voters go to the polls on Thursday, sweeping Rishi Sunak's Conservatives out of office after 14 often turbulent years. Opinion polls put Starmer's centre-left party on course for a landslide victory as voters turn their backs on the Conservatives following a period of infighting and turmoil that led to five prime ministers in eight years. However, surveys show many voters simply want change, rather than fervently backing Labour, meaning Starmer could enter office with one of the biggest to-do lists in British history but without a groundswell of support or the financial resources to tackle it.
12.07 / 18:43
economy
Election
Chancellor Rachel Reeves puts growth at centre of Labour's economic vision
Reeves was appointed head of the Treasury by Prime Minister Keir Starmer on Friday (1 July), after his party won a landslide majority at the UK's 2024 general election. Campaigning on a promise of ‘Change', Reeves continued the PM's message in her first address in the role. Rachel Reeves appointed Chancellor of the Exchequer Speaking to Treasury staff on Friday, she said it was an «honour» to be chancellor, adding «I know what a responsibility this brings – to guide our economy through uncertain times». In her inaugural speech today, Reeves said she has already been working on h...
12.07 / 18:35
Citi
Election
WhatsApp
Diversity
politician
UK general election: Record number of Indian-origin MPs elected to Parliament
record number of around 28 Indian-origin members of Parliament have been elected to the House of Commons in the UK's general election as results were announced on Friday, with several Conservatives surviving an overall brutal outcome for their party. Outgoing prime minister Rishi Sunak leads the Tory charge of British Indians holding on to their seats, with a decisive win in his Richmond and Northallerton constituency in Yorkshire. It would have come as small consolation for the Tory leader, who saw his party haemorrhage over 200 seats as the Labour Party's landslide victory unfolded. «On this difficult night, I would like to express my gratitude to the people of the Richmond and Northallerton constituency for your continued support. Since I moved here a decade ago, you have made me and my family feel so at home and I look forward to serving you for years to come,» said Sunak, in a message clearly aimed at dismissing pre-election chatter around his future plans as a politician. Other prominent British Indian Tories holding on to their seats included former home secretaries, Suella Braverman and Priti Patel, as did Sunak's Goan-origin Cabinet ally Claire Coutinho.
12.07 / 18:32
markets
UPS
Citi
Action
Research
consequences
reports
Telecom competition takes a breather, may recharge Vodafone Idea
Vodafone Idea's financial health is set to get a much-needed boost from latest tariff increases and easing competitive intensity with analysts predicting the debt-laden telecom operator's average revenue per user (ARPU) to rise to ₹171-180 by this fiscal-end, from ₹143 in April. Brokerage Citi Research projected rising revenues, operating income, capex, and narrowing losses for the telecom joint venture between India's Aditya Birla Group and UK's Vodafone Plc. «The peak of competitive intensity is now likely behind us, evidenced not just by the latest tariff action but also the recent spectrum auction,» Citi said in a report. «With Jio taking the lead in initiating the latest round of tariff hikes, a shift in stance of the market leader towards monetisation is now clearly evident, which also improves visibility of future hikes,» it said, adding that last week's price increase were slightly ahead of market expectation in terms of both magnitude and timing.
12.07 / 18:22
UPS
Provident
Art
BlackRock
show
reports
travelers
Morning Coffee: The art of making money from private equity does not involve working in it. Reasons to work for Millennium
As US private equity firms battle to hire junior bankers before junior bankers have even begun their jobs and as junior bankers complain that the big private equity firms aren't even reimbursing their expenses for travelling miles to interviews, maybe there's another way. Maybe you don't even have to actually work in private equity at all.
12.07 / 18:11
UPS
Fighting
community
track
country
Labour Party leader Starmer thanks British voters, says people are ready for change
Keir Starmer, the Labour Party leader on track to be the UK's new prime minister, on Friday thanked voters and said the people of the country are «ready for change» and to «end the politics of performance». Starmer, 61, in his victory speech after winning from Holborn and St Pancras, said whether people voted for him or not, «I'll serve every person in this constituency.» According to the exit poll, which is often quite close to the final tally, Labour could win as many as 410 seats, comfortably crossing the half way 326 mark and notching up a 170-seat majority with the incumbent Tories led by Prime Minister Rishi Sunak down to just 131 seats. «I will speak out for you, have your back, fight your corner every single day,» he said, adding people are «ready for change» and to «end the politics of performance».
12.07 / 18:03
love
testing
rights
cricket
Brian Lara chooses 2 young Indian batters who can break his record, scoring 400 runs in Test cricket
cricket.'There were players in my time who challenged, or at least went past the 300 mark - Virender Sehwag, Chris Gayle, Inzamam-ul-Haq, Sanath Jayasuriya. They were pretty much aggressive players," Lara told the Daily Mail.“How many aggressive players do you have playing today? Especially in the England team. Zak Crawley and Harry Brook.
12.07 / 18:03
Digital
Platform
Mobile
Sony
rights
Commentary
Viacom18 marks same ad rates for mobile, TV
Viacom18, the official media rights partner for the Paris Olympics 2024 in India, has priced its mobile ad inventory at par with linear TV ad inventory for the multi-sporting event that will kick off on July 26. As per the rate card floated by the media company, it is seeking a spot rate of Rs 1,40,000 per 10 seconds for mobile, similar to the spot rate for both standard and high-definition TV channels. The HD channel's standalone spot rate is Rs 60,000 per 10-second spot, lower than the connected TV (CTV) spot rate of Rs 75,000. The mid-roll and pre-roll ads are priced at Rs 250 per impression.
12.07 / 17:48
markets
McDonald’s
Food
President
show
testing
Customers
Do US fast-food customers want plant-based meat? Panda Express thinks so, but McDonald's has doubts
Do Americans want plant-based options at fast-food restaurants
12.07 / 17:35
Remark
show
performer
concert
pop
reports
How much does Taylor Swift earn from each show? Know about her Eras Tour earnings and total net worth
concert tour of pop sensation Taylor Swift dubbed the Eras Tour, began in March 2023 and will run through December 2024. Swift reportedly makes about $13.6 million for each performance, according to reports from 'Forbes'. This number demonstrates her prominence as one of the most well-known pop music artists of today.
12.07 / 17:29
Man
Landmark
CAT
President
country
Inside
British PM's 1st day at 10 Downing St. will stretch from nuclear weapons briefing to Larry the cat
Keir Starmer stepped through the front door of 10 Downing St. for the first time as prime minister on Friday. When he did, he entered the alternate reality of a man who meets regularly with King Charles III and has ultimate control of Britain's nuclear missiles, all while adjusting to life in a creaking 17th century landmark and trying to balance his work and personal life. On his first day in office, Starmer will get briefings from senior civil servants about key issues facing the government, receive congratulatory phone calls from world leaders and begin the process of appointing his Cabinet. Here is a look at some of the other traditions and responsibilities he faces on his first day inside No. 10.
12.07 / 17:27
security
Election
community
Celebrity
Diversity
UK Parliament sees record 29 Indian-origin MPs elected in 2024
UK Parliament will welcome a record 29 MPs of Indian descent following the 2024 general election. Labour emerged as the leading party for People of Indian Origin (PIO) MPs, securing 19 seats, a notable increase from previous terms. Labour's Dominance and New Faces Labour celebrated a substantial victory with 12 new PIO MPs joining their ranks. Among the notable retainers are Lisa Nandy, Nadia Whittome, Navendu Mishra, Preet Gill, Valerie Vaz, and Seema Malhotra, who comfortably held onto their seats. Tanmanjeet Singh Dhesi retained Slough with a reduced majority, while Thangam Debbonaire lost Bristol Central to the Green Party, highlighting competitive contests within Labour strongholds.
12.07 / 17:21
UPS
trends
social
stars
reports
Equality
Jude Bellingham new socks become social media sensation after Euro 2024 semifinals, what's so special about it?
England managed to reach the finals of Euro Cup 2024 by successfully beating Netherlands 2-1, following one controversial equalizer from Harry Kane from the penalty spot, and the other being a 90th minute goal by Ollie Watkins, that sealed the deal for The Three Lions. However, this was not the only thing England fans were talking about post-match. According to a Daily Star UK report, netizens were eyeing the new pair of socks worn by Jude Bellingham during the game against Netherlands. Although he went goalless during this game, his socks somehow made up for it as the 'holes in his socks' made him appear as a '15 year-old emo' according to social media users.
12.07 / 17:15
Reuters
Citizens
Election
Boxing
Pound to tumble initially before longer term 'sterling revival' following election results
After UK citizens head to the ballot box for the first general election since December 2019, analysts and traders will be waiting for the 10pm exit poll announcement to see who will form the next government. Historically, sterling has fluctuated before and in the immediate aftermath of major political decisions in the UK. Three weeks before the 2015 election, the pound fell to a five-year low and immediately after the 2016 Brexit referendum, sterling plummeted to its lowest level since 1985, according to data from Thomson Reuters. Oanda's Bambury noted: «In the seven days that foll...
12.07 / 17:12
markets
UPS
trends
Peel Hunt: Reversal of UK economic trends 'vital' as M&A contributing to UK equity outflows
UK M&A activity has skyrocketed in the first half of 2024 as 32 transactions of over £100m were announced in the six-month period, placing the UK second behind the US by value globally. Recent large bids for Hargreaves Lansdown, Darktrace and DS Smith are notable contributions to this activity. FTSE 'paddling sideways' as dividends propped up by takeovers and buybacks Large-cap companies dominated the transactions list for H1, as 17 of the 32 transactions were FTSE 350 companies, compared to three in the FTSE SmallCap and ten on the Alternative Investment Market. This marks a signi...
12.07 / 17:10
Provident
Action
WhatsApp
Cycling
country
reports
Fitch Ratings revises outlook on Tata Steel to negative amid uncertainty surrounding UK biz
Fitch Ratings on Friday revised its outlook on domestic steel major Tata Steel to negative on account of uncertainty surrounding the turnaround of the company's operations in the UK. However, the expected robust growth in Tata Steel's India operations and likely earnings before interest, taxes, depreciation, and amortization (EBITDA) profits at Dutch operations in FY25, may offset any losses at UK operations, Fitch Ratings said in a report. «Fitch Ratings has revised the Outlook on India-based Tata Steel Limited's (TSL) Issuer Default Rating (IDR) to Negative, from Stable, and affirmed the IDR at 'BBB-'. »We have also affirmed the rating on the USD 1 billion notes due July 2024 issued by TSL's subsidiary ABJA Investment Co. Pte. Ltd. and guaranteed by TSL, at 'BBB-'," the statement said, adding that the negative outlook reflects uncertainty surrounding turnaround of the UK operations.
12.07 / 16:58
Apple
Infinity
Bill
audience
exclusive
stars
reports
Presumed Innocent Season 1 Episode 6: When and where to watch the episode for free in the US and UK
Release Date and Time Mark your calendars for July 10, 2024, when Presumed Innocent Season 1 Episode 6 is set to premiere. The episode will debut at 12 a.m. Eastern Time (ET) and 9 p.m. Pacific Time (PT) on July 9, as per a report by Coming Soon. For viewers in other time zones, here’s when you can catch the episode:
12.07 / 16:36
markets
UPS
Maxim
film
show
Schools
International
What makes Abu Jani and Sandeep Khosla true maximalists
apsaras Rambha and Sambha, carved in wood. Holding the 200 sq. ft room is a Manjit Bawa painting, depicting a cow and a leopard, their tongues out, forming an infinity sign.
breaking news about Britain
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In Britain, the spotlight is on local government initiatives that impact the interests of residents.
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The news landscape of Britain is shaped by major cultural and social events, reflecting its specific characteristics.