Britain Financial News
05.02 / 15:13
markets
Target
Manufacturing
CEO
Trade
country
reports
Policy intervention must for carbon credit trading: Tata Power CEO Praveer Sinha
Subscribe to enjoy similar stories. MUMBAI : One of India’s largest renewable power generators, Tata Power, has not participated in the country's nascent International Renewable Energy Certificates (IRECs) market—considered an alternative to carbon credits—citing a lack of buyers. Praveer Sinha, Tata Power's managing director and chief executive officer, said policy intervention—in terms of target-based incentives and disincentives—is a must to breathe life into the IREC and carbon credit market in India.
05.02 / 14:21
UPS
Target
security
Analysis
Trade
medicines
Vaccines
GSK launches $2.5 bln buyback, lifts sales target after stellar Q4
GSK launched a 2 billion pounds ($2.5 billion) share buyback on Wednesday and lifted its long-term sales target to nearly $50 billion, betting that growing sales of its HIV and cancer drugs will make up for pressures on its vaccines revenue. GSK's shares were up 6% at 1342 GMT after the British drugmaker's fourth-quarter results also topped expectations.
05.02 / 14:03
Booking
Action
Airlines
Strategy
Pool
Insignia
information
Brookfield joins Insignia bidding frenzy with matching offer
Brookfield Capital Partners (UK) Ltd. entered the bidding frenzy for Insignia Financial Ltd., joining Bain Capital and CC Capital Partners with an offer for the Australian wealth management firm.
05.02 / 08:45
Digital
Progressive
country
social
Equality
Traffic
inequality
Traffic penalties based on income levels would be both effective and equitable
Subscribe to enjoy similar stories. India’s current traffic fine system enforces a uniform monetary penalty, regardless of an offender’s income. For example, a billionaire and a low-income individual may be fined ₹500 for the same violation.
04.02 / 16:53
Duke
country
reports
travelers
Courts
Interviews
Investigations
Why is Prince Andrew ‘too petrified’ to set foot in America?
Prince Andrew, once known for his globe-trotting lifestyle, is now reportedly «too petrified» to set foot in the United States. Amid growing demands for a renewed FBI investigation into his links with convicted pedophile Jeffrey Epstein, the disgraced royal has effectively become a prisoner in his own country.
04.02 / 11:55
FIVE
Strategy
performer
reports
Trailing UK equities sees Rathbones and Vanguard red flag mandates in AoVs
In their most recent Assessment of Value (AoV) reports, the two asset managers respectively highlighted performance lags over the last three or five years in some of its UK-focused strategies. Rathbones put its Income and UK Opportunities funds on watch after both underperformed their individual I share classes. Rathbones hit by £3.4bn Autumn Budget outflows but FUMA on the rise While the Income fund achieved its primary objective of delivering a better annual income than the FTSE All-Share Index over three years, its overall performance «has not delivered the outcome you should ex...
04.02 / 11:21
04.02 / 08:33
Election
Food
pandemic
President
country
medicines
Debt-stricken Sri Lanka marks independence day as new president pledges to rebuild the country
Debt-stricken Sri Lanka has marked its 77th independence anniversary with a military parade, while the country’s newly elected president, Anura Kumara Dissanayake, pledged to heal Sri Lanka's economic woes by the end of his five-year term
04.02 / 04:19
04.02 / 03:39
markets
Target
Analysis
Trade
Experts
reports
recommendations
Tata Chemicals shares in focus after reporting Rs 21 crore Q3 loss
Tata Chemicals shares will be in focus on Tuesday, February 4, after the company reported a net loss of Rs 21 crore for Q3FY25, compared to a net profit of Rs 194 crore in the same period last year. The company took an exceptional charge of Rs 70 crore in Q3FY25 due to employee termination benefits, decommissioning of plant and machinery, and other closure-related expenses following the cessation of soda ash production at the Lostock plant in Northwich, UK.
03.02 / 19:53
03.02 / 18:55
03.02 / 16:39
Provident
CEO
Entertainment
Refugees
War
innovations
Department
London’s secret World War II tunnels to become the city’s most flamboyant underground attraction. Take a sneak peek
mile-long network of tunnels that once played a pivotal role during World War II. And now, after being sealed off for decades, these historic tunnels are set to become London’s most exciting underground attraction.
03.02 / 14:03
UPS
Waters
Bill
prevention
Courts
politician
UK's biggest water company seeks court approval for emergency funding to prevent nationalization
Britain's largest water company Thames Water is seeking court approval for up to $3.7 billion of emergency funding to prevent the cash-strapped firm from falling into government administration
03.02 / 12:53
markets
Target
economy
Trade
innovations
testing
prevention
London is getting it wrong: Consumer protection is not anti-growth
Subscribe to enjoy similar stories. The forces protecting consumers from abuse by big business are in retreat. Former Italian Premier Mario Draghi last year called for reform of merger control in Europe to boost the region’s global competitiveness.
03.02 / 12:41
markets
CEO
Trade
Saba lambasts investment trust 'UK boys club' ahead of crunch voting week
In a letter sent by Weinstein late last week in response to a series of questions posed to Saba by the chair of Edinburgh Worldwide investment trust (EWI), Jonathan Simpson-Dent, the Saba CEO took aim at the wider sector for its lack of dynamism and representation. He said «during the course of our campaign, phenomenal director candidates have reached out to Saba because they share our frustration with the ‘UK boys club' that has perpetuated underperformance and significant trading discounts». Baillie Gifford's Edinburgh Worldwide questions Saba over liquidity and private markets capa...
03.02 / 12:41
BLOCK
Henderson Opportunities trust sets out reconstruction and wind-up plans
Under the terms of the reconstruction scheme, HOT shareholders will be offered the chance to roll over their current investment in HOT at residual net asset value (NAV) into the Janus Henderson UK Equity Income & Growth fund. Alternatively, shareholders will be permitted to receive a cash exit option should they not wish to roll their current investment over into a new vehicle. However, due to Saba's current 29.1% stake in the trust, it will be able to block the vote from passing, an eventuality that would cause the board to «consider alternative proposals for the future of the compa...
03.02 / 12:37
virtual digital assets
Unreported crypto earnings to face scrutiny from the I-T dept
Emerging crypto asset classes like utility tokens, security tokens, crypto derivatives such as futures and options would be caught in the tax net with the budget broadening the definition of virtual digital assets (VDAs).
03.02 / 06:17
markets
COST
Citi
students
Universities
reports
International
Studying in Europe is not as fancy as it sounds
Ireland have seen a surge in international students, attracted by high-quality education and more affordable tuition compared to top study destinations like Australia, Canada, the UK, and the US. However, despite these advantages, students in Europe encounter a familiar challenge: a shortage of purpose-built student housing (PBSA) and soaring rental costs.
03.02 / 03:29
03.02 / 01:39
markets
Analysis
Research
Trade
Experts
War
shock
trump tariffs
Dollar and oil Surge, Asian stocks fall on Trump tariffs
The yields on US Treasuries gained while stock futures slumped, and an index of Asia-Pacific shares also dropped in response to the punitive measures taken against some of America’s biggest trading partners. The Canadian dollar sank to its weakest since 2003, with euro and Mexican peso also posting losses.
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