Britain Financial News

12.03 / 13:47

Wealth managers Alternatives private markets Investment Week launches Private Markets Summit for wealth managers

Investment Week Private Markets Summit

12.03 / 13:47

Sustainability Matthews Department Liontrust shutters UK-domiciled Tortoise fund amid asset decline

From an April 2018 peak of £71m in total net assets, the fund size dwindled over the years, with a final recorded figure of £5.3m, according to data from Refinitiv Lipper. A spokesperson from the company confirmed the fund had been closed due to its small size, adding the cashflow solutions team continues to manage the Irish-domiciled GF Tortoise fund, despite its smaller £3.8m AUM. Liontrust hires sustainable investment analyst duo from Ninety One and abrdn Portfolio managers Matthew Smith and Tom Morris departed the fund in June 2023, having joined the firm in April 2022 as ...

12.03 / 10:27

BLOCK Binance security information reports Investigations Binance Executives Stripped of Passports, Held in Confinement by Nigerian Authorities for Two Weeks

Two senior executives from cryptocurrency exchange Binance have been detained against their will by Nigerian authorities for the past two weeks.

12.03 / 09:51

Platform Mercantile wellness River and Mercantile UK Micro Cap chair retires

Chapman joined the board at the point of its inception in October 2014 and the directors expressed gratitude for his «valuable contribution» during his tenure. Barclays poaches Brown Shipley private banking head Non-executive director John Blowers has taken over as chair. He joined the board in August 2022. Blowers said: «Andrew has been a constant positive presence since the launch of RMMC, and his experience and wise counsel will be missed. The board wish him well and thank him for his service.» Blowers is managing director of UK platform Stockomendation, a role he took on in ...

12.03 / 09:51

UK adds 20,000 jobs in February as unemployment rate remains steady

The figure marked a 1.2% increase from a year ago, bringing the total number of workers to 30.4 million. Demand for UK staff declines at fastest rate in over three years However, the ONS noted the employment rate was estimated at 75% for the three months to January 2024, below last year's estimates and down in the last quarter. Yet despite the number of payroll employees increasing, the agency noted the rate of annual growth is falling. The unemployment rate has stood at 3.9% for the three months to January 2024, above estimates from a year ago and remained unchanged from the la...

12.03 / 08:43

Bitcoin news crypto news cryptocurrency news Bitcoin Bitcoin Etf Bitcoin Price Bitcoin tops $72,000 for the first time as rally builds steam

Bitcoin raced to an all-time peak above $72,000 Monday as the world's most popular cryptocurrency won further support on greater trading accessibility and dollar weakness. The virtual unit struck $72,234 as dealers also eyed an upcoming industry event that traditionally boosts bitcoin's price.

12.03 / 07:19

UK Bitcoin spot bitcoin ETF Bitcoin’s Record High Above $72K Signals Strong Crypto Market Rebound

Bitcoin hit an all-time high on Monday, contributing to the rapid rebound of the cryptocurrency market. The largest crypto by market cap surged to as much as $72,710 late Monday. Meanwhile, Ether rose 4.5% to $4,038.

12.03 / 05:26

Provident FIVE Platform country beautiful information International The Body Shop ceases US operations, plans to close dozens of stores in UK, Canada

The Body Shop has ceased its U.S. operations and is closing dozens of locations in Canada amid deepening financial struggles for the British beauty and cosmetics chain

12.03 / 05:25

UPS Waters Bill President Fishing recommendations aquatics US, Canada and indigenous groups announce proposal to address cross-border mining pollution

The U.S., Canada and several indigenous groups have agreed to address pollution from coal mining in British Columbia that officials say has been contaminating waterways on both sides of the border for many years

12.03 / 04:27

BLOCK Strategy Citigroup Trade reports Updates Major ITC Equity Shakeup: 12 million shares get reshuffled amid reports of British American Tobacco's divestment plans

ITC shares this week, citing individuals familiar with the matter. The London-based tobacco giant, which currently holds a 29.03% stake in ITC through three of its entities, has been in discussions with Bank of America Corp and Citigroup Inc.

12.03 / 04:27

Election country Equality rights CAA ‘violates’ Indian Constitution: Netizens react as Centre implements Citizenship Amendment Act 2019

initiated the implementation of the Citizenship Amendment Act (CAA) 2019. As per the law, India will grant citizenship to “persecuted" non-Muslim migrants from Pakistan, Bangladesh and Afghanistan. The implementation has stirred strong reactions from all corners, with many accusing the Act of violating the Indian Consitution.

12.03 / 03:43

UPS BLOCK Aviat Airlines Enterprise band Courts Stocks to Watch: Airtel, Aditya Birla Capital, ITC, Indigo, Religare, SpiceJet

Bharti Airtel: The telecom major is anticipated to be the frontrunner in the forthcoming auction of eight spectrum bands, given that Reliance Jio has already made substantial acquisitions in the 2022 auctions and Vodafone Idea is currently grappling with financial constraints. The auction is scheduled to commence on May 20. Bharti Airtel is expected to renew its licenses for 42MHz of spectrum in the 1800MHz and 900MHz bands across six circles.

11.03 / 21:41

OpenAI Grok Elon Musk to Open-Source AI Chatbot Grok Amid Ongoing OpenAI Lawsuit

xAI CEO Elon Musk is making ChatGPT competitor Grok open-source. His decision comes after Musk filed a lawsuit against OpenAI, a company he co-founded, for allegedly abandoning its original non-profit mission.

11.03 / 19:55

COST wellness President country reports International Biden budget plan would raise US taxes by $4.951 trillion over decade -Treasury

By David Lawder

11.03 / 18:49

markets Target economy Boeing Relationships Headlines International BoE's Mann: long way for inflation pressures to be consistent with 2% target

LONDON (Reuters) — Britain has a long way to go for inflation pressures to be consistent with the Bank of England's 2% target, one of the central bank's policymakers, Catherine Mann, said on Monday.

11.03 / 18:45

markets UPS Food Trade country innovations International The India-EFTA trade deal: A win-win

On Sunday, India signed the India-EFTA Trade and Economic Partnership Agreement, our first trade deal with any Western nation or group. It was signed with the European Free Trade Association (EFTA), which comprises Iceland, Liechtenstein, Norway and Switzerland. It’s an innovative and well-balanced pact that covers two-way trade in goods and services as well as bilateral investments.

11.03 / 18:23

markets BLOCK Aware security Enterprise reports International stake BAT's stake sale in ITC is almost here

MUMBAI : British American Tobacco (BAT) Plc is preparing for its long-awaited stake sale in ITC Ltd in the next two weeks, two people aware of the matter said. The British multinational plans to sell 4% in the Indian company at ₹380-390 per share, a 5-8% discount to Monday’s closing price of ₹409, the people said on condition of anonymity. Around 499 million shares worth around ₹20,000 crore (over $2.4 billion) are expected to change hands, in the biggest block deal since 2021 when Bosch Ltd saw block deals of ₹29,000 crore for 19.98 million shares.

11.03 / 18:09

markets UPS Digital ETF MicroStrategy Trade Bitcoin dencun upgrade Cryptocurrency Market News: Bitcoin Blows Past $72K, Ether Up On Dencun Upgrade Optimism

Bitcoin (BTC) soared past yet another price milestone, crossing $72,000 this morning on the back of the price momentum from last week where it made two all-time highs. Meanwhile, ether climbed steadily past $4,000 amid optimism around lower fees after the highly-anticipated Dencun upgrade for the Etherum network—which will help improve transaction processing speeds at scale—this Wednesday.

11.03 / 16:36

COST UPS FIVE show reports Average asking rent prices reach $2,193 in February, up 10.5% from 2023

A new report says the average asking price for a rental unit in Canada was $2,193 per month in February, marking a 10.5 per cent jump year over year and the fastest annual growth since September 2023.

11.03 / 15:47

markets UPS Provident FIVE Career Trade Financial Morning Coffee: Female banker of fearsome reputation makes surprise move in London. Prime brokers fomenting the next financial crisis

Debbie Crosbie isn't a 'banker' in the M&A sense, but she does run a bank, and she is doing the kind of deal that will make the actual Financial Institutions Group (FIG) bankers at UBS who are working with her feel vindicated in their career choices.

11.03 / 15:47

UPS Platform Pool WhatsApp Trade reports Hedge fund Balyasny Asset Management announced three new partners. Two are in commodities

Balyasny Asset Management, the multistrategy hedge fund co-founded by the comparatively jolly personage of Dmitry Balyasny, has promoted a new class of partners.

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