Britain Financial News

DailyHunt is in advanced stages to acquire Indian start-up Koo, TechCrunch reported citing sources on Wednesday. The deal may be finalised in as many as three weeks, the report said. Koo, which has been touted as an alternative to social media platform X, which was previously known as Twitter.

Tata Group announced Wednesday that its new multibillion-pound UK factory to manufacture batteries will be located in Bridgwater, south west England. The £4 billion ($5 billion) plant in the county of Somerset, southwest England, will be Tata's first so-called gigafactory outside India. Agratas, Tata Group's global battery business, confirmed Wednesday that the 40 GWh factory would be built at Bridgwater's Gravity Smart Campus.

G20 finance ministers will meet Wednesday in Brazil, seeking ways to shore up a global economy whose nascent recovery is threatened by a raft of conflicts and crises, including the wars in Ukraine and Gaza. The Ukraine war could take center stage at the meeting, with G7 countries due to meet on the sidelines to discuss shoring up Western support against Russia's invasion — including what US Treasury Secretary Janet Yellen called an «urgent» proposal to use frozen Russian assets to increase aid for Kyiv.

eBay beat market expectations for quarterly revenue and profit on Tuesday, helped by healthy consumer spending during the holiday season and strength in its focus categories such as refurbished goods and auto parts. Shares of the company rose around 4% in extended trading.

Jacob Rothschild, the financier and philanthropist from the Rothschild banking dynasty, has died at 87

The century-old Geneva motor show is back in action for the first time in five years, and organizers are desperately trying to rev up its fortunes

The owners of a quirky 18th century British pub unlawfully bulldozed after a fire last year have been ordered by a local council to rebuild it, keeping with its previous lopsided specifications

The U.S. and United Kingdom sanctioned a deputy commander of Iran’s Islamic Revolutionary Guard Corps and a Houthi militant member, Tuesday

By Karen Freifeld

A US appeals court has upheld the prior sentencing of “My Big Coin” fraud founder Russell Crater.

«After 18 years, it is time to recharge the batteries and move on. So, I am off to do some skiing and then take on new challenges,» he said on LinkedIn. Murphy joined the firm in 2006 from Framlington Investment Management, where he spent 11 years as a fund manager. A spokesperson from Aviva said: «We thank him for his strong contribution over many years and we wish him all the very best for the future.» Square Mile downgrades Aviva Equity Income following manager departure Murphy's departure follows that of James Balfour, who managed the UK Listed Equity Income fund alongside h...

UK higher education institutions and setting back the country’s ambitions to be a leader in science and technology, according to an influential British entrepreneur. Recent steps by Prime Minister Rishi Sunak to make the UK less attractive for overseas students will lead to a university funding shortfall and a reduced pool of talent for British employers, Ewan Kirk, founder of quantitative hedge fund Cantab Capital Partners and a former entrepreneur-in-residence at the University of Cambridge said. The measures will chafe against the premier’s ambition to make Britain a hub for high-growth industries such as biotechnology and artificial intelligence, he said Do you meet the immigration criteria? Check here “For all the guff and bloviation about making the UK a scientific superpower, you’ve actually got to do something that’s going to make that happen,” Kirk, also a non-executive director at defense firm BAE Systems, said in an interview. “The corollary of being a scientific superpower is presumably that you need a lot of scientists,” he said. “We’re not going to grow them all internally, so would it not be good to get some from outside?”

UK has announced steps to make it easier for local businesses to hire foreign workers, with the Home Office announcing a major change in the way sponsor licenses are renewed. Effective April 6, the requirement to renew licenses every four years will be abolished, offering significant relief to businesses sponsoring skilled workers from outside the UK. This development will streamline the process for employers who previously faced the administrative burden and cost associated with periodic renewals. Under the previous system, sponsors were required to submit applications 90 days before the expiry date, incurring fees ranging from £536 to £1,476 depending on their size and charity status. Processing times for renewals could also stretch up to eight weeks. Click & check your eligibility for immigration Find out Recognizing the challenges and aiming to improve efficiency, the Home Office has opted for a more automated approach. Existing sponsor licenses expiring on or after April 6, 2024, will be automatically extended by ten years, eliminating the need for renewals altogether. Sponsors holding valid licenses within this timeframe are not required to take any action – their licenses are automatically covered by the extension.

K-pop reality series titled as "Made In Korea" has been acquired by BBC. The production for the show has commenced, as per a report. «Made in Korea» traces the journey of a British boy band as they venture into a K-pop training camp in Korea, immersing themselves in the expertise of industry insiders responsible for molding some of the nation's most renowned music sensations, as per a report in Variety.

Bitcoin (BTC) is expected to reach a new record of $88,000 (€82,000) throughout the year, before it settles around $77,000 at the end of 2024, according to a new report.

British Airways supervisor believed to be on the run in India after his role in an alleged GBP 3 million visa scam from over five years came to light, according to a UK media report on Tuesday. ‘The Sun' newspaper reports that the unnamed 24-year-old suspect worked at Terminal 5 at Heathrow Airport and is said to have charged customers GBP 25,000 per trip to abuse a loophole and fly them across the British Airways (BA) network without crucial visa documents. British police are now said to be working with their Indian counterparts to try to trace the man, who reportedly vanished with his partner – a BA ground services staffer – after he was arrested on January 6 and released on bail. He is believed to have flown out to India where he has reportedly bought several properties.

LONDON (Reuters) — Britain's Currys has received an improved 750 million pound ($951 million) bid from U.S. suitor activist investor Elliot Advisors, Sky News reported on Tuesday, pushing up shares in the British electricals group amid hopes of a takeover battle.

According to data from FE fundinfo, the £1.1bn fund has made top quartile returns over the past ten and three years, ranking third of 73 funds in the IA UK Equity Income sector over the latter period. Downing calls time on infrastructure fund of trusts after less than two years However, its near-term performance has struggled, returning 1.5% over one year, which ranked it 44th out of the 73 funds in the sector. But according to HL's senior investment analyst Joseph Hill, managers Kevin Murphy and Andrew Evans have the «experience and support to deliver good long-term returns to pat...

According to a statement on Fidelity International's website, the restrictions were made «in the best interests of customers» and were effective from 23 February. Clients will still be able to redeem existing holdings under the restrictions, by selling to cash or by switching to other funds. Fidelity previously restricted new investments into Jupiter UK Mid Cap in December 2022, but the ban was later lifted. Fidelity to merge Japan Smaller Companies fund with £450m Japan strategy The new restrictions follow the departure of UK Mid Cap manager Richard Watts, who will be leaving the ...

By James Davey

Charan Kaur, the parents of slain singer Sidhu Moosewala. The pair are expecting another baby. According to an Indian Express report, Kaur is expected to deliver the baby soon. The news has come as a pleasant surprise to the ageing couple, both of whom are in their fifties. Moosewala was their only son. The rapper-singer was shot dead by a group of unknown assailants on 29th May 2022, days before his 29th birthday. About 31 people have been named in the murder case, including gangsters Lawrence Bishnoi and Goldie Brar. Before his death, the rapper unsuccessfully contested the Punjab Assembly elections on a Congress ticket from Mansa in 2022.