Britain Financial News

18.08 / 09:15

UPS Target BLOCK Waters ICE Browser cover MPs MoD must act to tackle impact of climate crisis on UK forces, MPs say

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18.08 / 02:09

UPS Citi MAIL Booking Aware Strategy Power TAQA looks to bet big on Adani’s power business with $2 billion investment

Abu Dhabi National Energy Co. PJSC (TAQA) is looking to double down in India and is evaluating a large exposure in the expansive power businesses of Gautam Adani that span thermal generation to transmission, clean energy and green hydrogen, said people aware of the matter. TAQA, among the largest integrated utilities in Europe, West Asia and Africa and also the second largest stock on Abu Dhabi Securities Exchange (ADX), is keen to deploy $1.5-2.5 billion in Adani Group firms or in a single entity, said the sources mentioned above.

18.08 / 01:49

COST UPS IPO Provident show valuation Barrenjoey’s valuation dips as expenses saddle investment bank

Barrenjoey’s accounting valuation has taken a slight hit after major shareholder Magellan reduced its carrying value of the investment bank by 7 per cent to $124 million, from $133.2 million a year earlier.

18.08 / 00:59

Ball Warning Whitehaven’s mystery investor fires warning shot

The $US3.5 billion-plus auction for BHP’s Blackwater and Daunia mines is creating a corporate stoush in an unexpected place: Whitehaven Coal.

17.08 / 23:43

COST UPS exclusive Coles faces Ocado delivery and cost blowout

Coles Group is on the hook for a further $120 million in costs and 12-month wait following a major delay in the commissioning of its Ocado pick-and-pack fulfilment centre being built in Victoria.

17.08 / 22:21

Career Celebrity show star classical actress UK broadcaster Michael Parkinson dies

London | Sir Michael Parkinson, one of Britain’s most celebrated broadcasters, died on Wednesday night at the age of 88, it was revealed on Thursday evening (AEST).

17.08 / 20:43

regulation FATF crimes AML KYC businesses UK crypto UK crypto businesses to comply with FATF Travel Rule beginning in September

Crypto asset businesses in the United Kingdom will be required to comply with Financial Action Task Force (FATF) Anti-Money Laundering and Counter-Terrorist Financing rules, known collectively as the Travel Rule, beginning Sept. 1, a statement from the Financial Conduct Authority (FCA) reiterated Aug. 17. This will bring the U.K. into conformity with FATF standards set in 2019.

17.08 / 19:39

COST UPS Provident Aware Platform stage stake Ayana Renewable investors plan stake sale to raise up to $800m

Ayana Renewable Power plan to offload a part of their stake to raise as much as $800 million ('6,650 crore), with a portion of it to be used for funding the expansion plans of the renewable energy platform, people aware of the development said. The investors are in discussions to hire an investment bank to run the sale process, they said. The National Investment & Infrastructure Fund (NIIF) owns a 51% stake in Ayana, while British International Investment (formerly CDC Group) holds 32% and Eversource Capital-managed Green Growth Equity Fund has the remaining 17% stake.

17.08 / 18:57

UPS COMPOSITE shootings Cotton textile, apparel companies see 8-10% rise in exports

Inflation and economic slowdown in advanced economies, coupled with piled up inventory since the pandemic, have caused India's apparel export clients to defer orders or request lower prices, said an industry representative. Exporters are looking forward to the Christmas season in the next quarter to alleviate the ongoing slump. "Cotton textile exports rose 6% in July and the July-September quarter is expected to maintain that momentum," said a representative from the cotton textile industry.

17.08 / 18:57

COST Lowe's country social accounting Sitharaman asks CAs to work on ESG, carbon accounting expertise

Nirmala Sitharaman on Thursday asked chartered accountants to adequately familiarise themselves with new and growing areas of auditing, including ESG (environmental, social, and governance) and carbon accounting, and to adopt technology to improve their productivity. Developing expertise in new areas will help not just their clients but also the broader ecosystem, Sitharaman said at an event held by Institute of Chartered Accountants of India (ICAI) in Bhubaneswar.

17.08 / 18:33

UPS Provident Digital CEO Platform stage Reckitt Benckiser's ex-global CEO Rakesh Kapoor launches India fund

Rakesh Kapoor, former global chief executive of consumer health and hygiene products major Reckitt Benckiser Group Plc (RB), has set up an India-focused fund with a corpus of $100 million (₹830 crore). The new fund, 12 Flags India Consumer Fund, will invest the corpus over the next three years in consumer-focused businesses in their early growth stages, Kapoor told ET.

17.08 / 17:51

UPS Aware SUN Instagram Wayne Rooney's wife Coleen Rooney opens up on Rebekah Vardy and 'Wagatha Christie' case

Coleen Rooney has, for the first time, spoken about her time in court against Rebekah Vardy, the wife of footballer Jamie Vardy. Their court case had been dubbed ‘Wagatha Christie’.

17.08 / 17:17

COST UPS FIVE Cooper Manufacturing Thyssenkrupp country US to impose tariffs on tin mill steel from Canada, China, Germany

By David Lawder

17.08 / 17:13

Career show British 'chat show king' Michael Parkinson passes away at 88

Veteran British chat show host Michael Parkinson passed away on Thursday at the age of 88. His family said that he had passed on peacefully at home following a brief illness.

17.08 / 16:55

COST Provident Celebrity show Discounts A-Level Results 2023: Various restaurants offer freebies and discounts to students. See details

Amid the nerves that come with results day, students are being recognized for their year-long efforts and hard work, regardless of their university plans. Several well-known UK chains are participating in this initiative, providing students the chance to enjoy perks by displaying their results. These offers are also expected to be available for GCSE results on August 24.

17.08 / 16:33

Digital Man Amazon Platform film love show Where To Watch 'Strays' (2023) Online Streaming Here's How

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17.08 / 15:47

Action Asian hornets devour honeybees, alarmed UK authorities make plan to eradicate menace

Asian hornets invaded the UK? Are they killing the bees so much that the authorities have prepared a detailed plan to kill them and eradicate the menace? At least 39 Asian hornets have been spotted in the countryside of the UK since they were observed for the first time in 2016. There have been not less than 16 sightings this year. Only two hornets were seen in 2022 and two in 2021.

17.08 / 14:03

Twitter Platform Tesla SpaceX show social X account elon Elon Musk arrives in ‘amazing’ Japan days after row over fake X account impersonating top diplomat

Elon Musk took to microblogging site ‘X’, formerly known as twitter, to share an update- he ahs reached ‘amazing’ Japan. The business magnate who shares a bittersweet relationship with Japan arrived at the east Asian nation just days after a row over a fake ‘X’ account of Japan's top diplomat Masato Kanda. Japan in a rare warning had asked Elon Musk to take down a ‘fake’ account of the top currency diplomat Masato Kanda.

17.08 / 13:53

Reuters Zara H&M country Exclusive-H&M says it will "phase out" sourcing from Myanmar

By Helen Reid

17.08 / 13:51

business Law Stablecoin Adoption PayPal Tether Usd Coin PayPal’s stablecoin opens door for crypto adoption in traditional finance

Global payment processing giant PayPal announced its United States dollar-pegged payment stablecoin called PayPal USD (PYUSD) on Aug. 7.

17.08 / 13:17

COST Target Reuters show country Tyson Foods plans to divest Chinese poultry business - Reuters

Investing.com — Tyson Foods (NYSE:TSN) is planning to sell its poultry business in China, according to three unnamed sources quoted by Reuters, making it one of a string of foreign firms who have been looking to reduce their operations in the country.

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