Britain Financial News

By James Davey

In these dark days for investment bank recruitment, when not much is occurring and the bedding down of Credit Suisse stragglers is the main event, there might be a glimmer of hope for London recruiters in 2024. — The bonus cap and its elimination. Many banks in London are now free to pay bigger bonuses and lower salaries for the first time in eight years. Does this mean they'll hire new senior people next year, simply in order to re-rate compensation away from high fixed costs and towards flexible bonuses instead?

Rockstar Games, a division of Take-Two Interactive Software Inc., plans to announce the next highly anticipated Grand Theft Auto game as early as this week, according to people familiar with its plans.

Trading platform Robinhood has revealed its intentions to expand into Europe in the coming weeks. The company is exploring establishing brokerage operations in the United Kingdom. It made this decision known on Tuesday, Nov 7.

Islamic State group attacks killed at least 30 pro-government forces and soldiers in the Syrian desert, a war monitor said Wednesday, in one of the deadliest such assaults this year. The Britain-based Syrian Observatory for Human Rights said there had been «30 dead, four of them soldiers and 26 from the National Defence Forces, in simultaneous attacks carried out by the Islamic State group on Wednesday morning on checkpoints and military positions» in the Syrian desert. The attacks took place in locations between Raqa, Homs and Deir Ezzor, added the Observatory, which has a vast network of sources on the ground. Observatory chief Rami Abdel Rahman warned the toll could rise, citing an unspecified number of wounded, some in serious condition. IS proclaimed a «caliphate» in June 2014 across swathes of Syria and Iraq and launched a reign of terror. It was defeated territorially in Syria in 2019 but its remnants continue to carry out deadly hit-and-run attacks and ambushes, particularly from desert hideouts. Syria's war broke out after President Bashar al-Assad's government crushed peaceful pro-democracy protests in 2011.

Crypto ATMs are continuing to expand globally with over 32,500 installed so far, Financial Times reported.

Narendra Modi on Wednesday said Congress leaders have been saying they will complain to the Election Commission over his promise of extending for five years the free ration scheme for the poor people. «Let them commit this sin, I will continue to do good work for the people,» he said addressing a public meeting in Madhya Pradesh's Damoh town ahead of the November 17 state assembly polls.

The offer is conditional on the passing of the trust’s continuation vote at its annual general meeting on 15 November, and will be paid out by 31 January 2024, at the latest.

The job move will become effective in December this year, and he will report to deputy governor for financial Stability Sarah Breeden.

The firm has been building up stakes in UK investment trusts in the last 18 months, including European Opportunities, Henderson Opportunities, Schroder UK Mid Cap and Baillie Gifford US Growth.

William Dong, the chief executive of Handpicked Wines, says the company wants to expand after acquiring House of Arras, having identified the high-end wine segment as one that can defy economic downturns.

Reuters reported. In an official statement, Britain's policing minister Chris Philp said, “For too long the use of this drug in public spaces has contributed to anti-social behaviour which is a blight on communities.

England vs Netherlands Live Score Updates: ENG vs NED, Buttler and Co. take on a resurgent Netherlands side at the Maharashtra Cricket Association stadium in Pune.

An “alpha group” of staff on an AACo property allegedly “routinely bullied, intimidated and harassed their peers”, according to an internal safety report at the cattle giant, which proclaims the importance of an inclusive culture.

Small cap Mayur Resources is understood to have signed a term sheet with London-headquartered mining finance specialist Appian Capital Advisory, in a deal that is expected to finalise funding for its Central Lime Project in Papua New Guinea.

Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a deal with African mobile payments provider Onafriq.

Netflix UK subscribers can expect the departure of several movies and TV shows. Here is the schedule of what's leaving throughout December.

Royal Bank of Canada report.The RBC analysis of the October resale market argues higher interest rates have the fall housing market “stuck in a low gear.”Inventories are still growing, but not at the pace seen for the past few months in Toronto, Vancouver and the Fraser Valley. Buyers are still finding they have more options to choose from, leading to a “rebalancing of market conditions.”Those buyers who are able to qualify for a mortgage amid higher interest rates have been able to extract lower prices in some Ontario, Quebec and British Columbian markets, according to the report from RBC’s Robert Hogue and Rachel Battaglia.Toronto, Montreal, Vancouver and the Fraser Valley all saw price declines month-to-month in October.Toronto’s October was the quietest in nearly 25 years, the report said, with buyers taking the “upper hand” in negotiations.

In a address delivered during the ceremonial State Opening of Parliament, Britain's Conservative government presented a pre-election policy agenda. The speech, authored by Prime Minister Rishi Sunak's administration, outlined plans for tougher sentences for serious crimes and aspirations for economic revival.

Investing.com — “No, not again!” — the Saudis must be thinking.

Google’s testing a pair of experimental artificial intelligence (AI) systems for creators and viewers on its YouTube video sharing platform.