Britain Financial News

Shares of HSBC Holdings fell over 3% in Hong Kong on Friday after reports that its top shareholder Ping An Insurance might be looking to cut its stake in the British bank.

NTPC Green Energy to bid for National Investment and Infrastructure Fund-owned Ayana Renewable Power, according to people aware of the matter. They said ONGC and NTPC Green Energy may explore a joint offer or the former could bid solo. Ayana’s enterprise value has been pegged at about $2 billion. JSW Neo Energy, Sekura Energy, Masdar, Macquarie and Sembcorp have submitted non-binding offers to acquire a controlling stake in the Bengaluru-headquartered renewable energy company, ET had first reported on May 4. NIIF will draw up a shortlist of bidders over the next few weeks after which they will be allowed to conduct detailed due diligence on the company and submit binding offers, ET had reported. ONGC formed a new company in February to house its green energy investments. ONGC Green will invest in wind and solar power plants as well as green hydrogen and green ammonia. NTPC Green, which was carved out of listed NTPC two years ago, has announced plans for an initial public offering (IPO).

Manchester City is bidding to make history. Jurgen Klopp is bidding farewell. The English Premier League is heading toward a dramatic and emotional finale on Sunday, with the title race between Man City — seeking an unprecedented fourth straight top-flight championship — and Arsenal going to the wire and taking centre stage on an afternoon when goals and tears usually flow. Many of those tears will likely come at Anfield where Klopp, the eccentric German who has bestrode the league for nearly nine years with his heavy-metal football and big grin, takes charge of his last game at Liverpool. Klopp is definitely leaving. For other managers, the future is more uncertain.

₹12,000 crore in the EV business over the next three years, it has also marked out a larger capex of ₹14,000 crore for its conventional IC-engine business. The latter will see six brand new SUVs and three model refreshes by 2030, the company said on Thursday while announcing its Q4 results for FY24. The ₹26,000-crore capex push follows the company's strong show in its core automotive business, with standalone net profit for the auto and farm business rising 32% to ₹2,038 crore for the quarter ended March, compared to the same period a year ago.

Mint had reported. The developments come amid liquidity concerns, prompted by challenges with Aggarwal's flagship business, Ola Electric, which has struggled to garner adequate investor interest for a listing before the ongoing Lok Sabha elections. “As part of an ongoing restructuring, Ola Mobility CFO Kartik Gupta has stepped down.

Vodafone Idea’s net loss for the fiscal fourth quarter, FY24, widened sequentially to Rs 7,675 crore, dragged by high debt and even as it continued to lose subscribers. A joint venture between UK’s Vodafone Group Plc and India’s Aditya Birla Group, reported its highest ever quarterly EBITDA of Rs 2,180 crore post merger which occurred in 2019.

UK Health Security Agency has confirmed an outbreak of more than 1,000 measles cases. This is more than thrice the number of cases registered in 2023. The outbreak of these many cases is in England alone.

Also read: Is the Indian online consumer evolving? A relatively new fee seems to suggest so Reliance Retail said in a statement on Thursday, “Under a long-term licensing agreement, Reliance Retail will be the exclusive retail partner for ASOS across all online and offline channels in India. Leveraging its extensive experience of operating omni-channel retail networks, Reliance Retail will introduce ASOS’s portfolio of owned labels to the Indian market through a multi-channel presence for ASOS across retail formats such as exclusive brand stores, multi-brand stores and online platforms." ASOS only sells its own products in all markets except for a few, in which it also sells third-party brands.

Kartik Gupta, chief financial officer (CFO) of ride-hailing major Ola Cabs, has exited the firm, just over two weeks after chief executive Hemant Bakshi stepped down. His exit is part of an ongoing restructuring at Ola Mobility, a company spokesperson told ET. “The restructuring will allow Ola to strengthen cost structures, focus on growth and increase its bottom line,” the person said.

Anand Mahindra said, "Vineet was a larger-than-life figure in the Indian Business landscape." He said Vineet was a "distinguished IAS officer" who served with the World Bank and the became the first Chairman of GAIL. “He provoked us to create what will perhaps be one of the most important legacies of our Group," he said. Sharing a glimpse of Vineet's journey, Mahindra said he made a successful transition to the private sector becoming the Managing Director of HCL Corporation Ltd, and the Vice Chairman of HCL Technologies Ltd.

investment of Rs 12,000 crore into its electric business MEAL over the next three years, the company said in a stock exchange filing on Thursday. The company and its auto division expects to generate sufficient operating cash to satisfy its capital investment needs and is currently not looking to raise additional capital, it said. Further, M&M and BII have agreed to extend the timeframe for the final tranche of the latter's planned investment of Rs 725 crore, the company said. So far, BII has invested Rs 1,200 crore while Temasek invested Rs 300 crore in Mahindra Electric Automobile Limited (MEAL). Temasek will invest the balance Rs 900 crore as per agreed timeline, M&M said.

Morrissey, who is the lead portfolio manager and head of the firm's World Selection portfolios within the UK multi-asset team, has left to «pursue external opportunities», a spokesperson told Investment Week.  Collectively, the World Selection portfolios hold more than £1.9bn in assets under management, according to data from FE fundinfo. Morrissey also runs five funds in the firm's Global Strategy multi-asset range, with a total £8.5bn in AUM.  Prior to her current role, Morrissey was a rates portfolio manager in the global bond team. Before that, she ran fixed income services within...

dating app or do you go with the flow? Dating App Tinder has revealed in one of their surveys that both men and women have misconceptions about what the other wants. This has been reported by ‘USA Today’. The Green Flags Study which was released on Wednesday surveyed over 8000 heterosexual men and women in the US, Canada, UK and Australia to understand the preferences of each other and found out that individuals are quick to make assumptions of the opposite sex.

Vodafone Idea (Vi), boosted by a recent equity funding, plans to open more retail outlets across this fiscal in a bid to grow sales and improve customer stickiness, crucial for the cash-strapped telco to intensify its competition against stronger and bigger rivals Reliance Jio and Bharti Airtel. «Our objective is to get as close to the customer as possible. We want to ensure our presence in all key markets and towns. In FY25, you will see us launching more Vi shops and Vi mini stores,» Abhijit Kishore, chief operating officer, Vi, told ET over email. Vi, promoted by the Aditya Birla Group and UK's Vodafone Group, has three formats of retail outlets — Vi stores, Vi shops, and Vi mini stores. The telco is also focusing on extensive automation and digitisation to connect with consumers across touch points.

India is considering formulating standard operating procedures (SOP) for negotiating free trade agreements (FTAs) as the country is engaging with several trade partners for such pacts, an official said. To discuss the various aspects of these agreements, the commerce ministry is organising a two-day 'Chintan Shivir' on FTA strategy and SOPs for trade negotiations. Former commerce secretaries, industry experts and government officials would participate in the deliberations on May 16-17 at Neemrana, Rajasthan. Various issues that would come up for deliberations include India's trade strategy and vision 2047; economic assessment and modelling of FTAs; inclusion of new disciplines into FTAs such as labour, environment, gender, indigenous people; services and digital trade; SOPs for FTA negotiations; and industry experience on utilisation of the FTAs.

«Doctor Who» Season 14 marks the first time ever that the show is being streamed on Disney+ simultaneously with the UK version.

In the landscape of finance, a radical shift is ongoing, it challenges the traditional investment landscape for financial gains. This transformation is vainly guarded by Social Stock Exchanges (SSEs); it prioritizes investing in social and environmental causes along with monetary returns. As the world is facing numerous challenges, climate change, poverty, social injustice, and inequality, SSEs provide an opportunity for investors to align financial objectives with societal development.

Mint, Alex Sinclair, GSMA's chief technology officer, said BharatGPT could be a potential solution. An initiative by Reliance Jio in collaboration with IIT Bombay, the generative AI (Gen AI) platform aims to serve speakers of 14-plus Indian languages, including Hindi. Sinclair said that other GSMA members, such as SK Telecom, Deutsche Telekom, and Singtel, are already sharing AI models in their respective languages.

High Court in Pakistan on Wednesday granted bail to Imran Khan in the 190 million pounds corruption case, in which the jailed former prime minister and his wife are accused of receiving land worth billions of rupees as a bribe from a real estate tycoon. A two-member bench of the Islamabad High Court had reserved the verdict on Tuesday after the completion of arguments. On Wednesday, the court asked Khan to submit a surety bond of Rs 1 million in order to secure bail. However, the order will not result in the ex-premier's release from Adiala jail since his sentences in the Iddat and cypher cases are yet to be suspended.

international student numbers or some universities may collapse, a government commissioned report said on Tuesday, after foreign registrations plummeted for next year. High levels of legal migration have long dominated Britain's political discourse and were one of the major drivers for the Brexit referendum in 2016. Are you immigration ready? Find out Along with care staff and low salaried workers, the government of Prime Minister Rishi Sunak has sought to reduce the number of students coming to Britain, including preventing some post-graduate students from bringing family members.

LONDON — Pink Floyd's drummer Nick Mason would be open to the idea of a reunion gig but he doesn't see any appetite for one among his feuding, now elderly bandmates, he said on Tuesday. The legendary English rock group last appeared on stage together nearly two decades ago, at the Live 8 charity concert at Hyde Park, London, in 2005.