Britain Financial News

Brian Thompson led one of the biggest health insurers in the US but was unknown to millions of people his decisions affected

UnitedHealthcare CEO salary and bonus. 50-year-old Thompson had run the insurance arm of health care giant UnitedHealth Group Inc. since 2021 and had worked at the company for 20 years. The University of Iowa graduate who began his career as a certified public accountant had little name recognition beyond the industry. Even to investors who own its stock, the public face of the parent company belonged to CEO Andrew Witty, a knighted British triathlete who has testified before Congress.

Vodafone Idea (Vi) has scheduled a board meeting on December 9 to consider upto a Rs 2,000 crore fundraise via issuance of equity shares and or convertible securities on a preferential basis to co-promoter, Vodafone Group Plc. The late night exchange filing came even as UK’s Vodafone announced plans earlier today to invest a portion of its residual 3% Indus Towers stake sale proceeds in Vodafone Idea (Vi) against fresh shares to help its Indian telecom joint venture with the Aditya Birla Group clear a portion of its old dues to Indus. “…a meeting of the Board of Directors of the Company is scheduled on December 9, 2024, inter-alia, to consider a proposal for raising of funds not exceeding Rs 2,000 crore, by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group,” Vi said in a late evening exchange filing.

Indus Towers through a block deal and fully exiting the Indian tower company, which is now a Bharti Airtel subsidiary. “Vodafone Group Plc announces it has launched a placing of its remaining 79.2 million shares in Indus, and such shares, representing 3% of Indus' outstanding share capital through an accelerated book-build offering,” the British telco said in an official statement Wednesday.

Enbridge Inc. has cancelled plans to build a natural gas pipeline project in northern British Columbia that was once touted as a key supply route for liquefied natural gas (LNG) export terminals near Prince Rupert.

U.S. officials are urging telecommunication companies to boost network security following a Chinese hacking operation that gave officials in Beijing access to the private texts and phone conversations of Americans

Rishi Sunak and his wife, Akshata Murty, are believed to be in talks to set up a new private office in the new year to make a positive contribution to Britain, according to a UK media report on Wednesday. 'The Times' newspaper reports that Sunak and Murty, both 44 and with a combined estimated fortune of around GBP 500 million, are to fund the so-called «Office of Akshata Murty and Rishi Sunak» themselves. While the couple are still deciding on the focus of the new initiative, both are said to be passionate about education and likely to incorporate that among its goals.

From Donald Trump’s promises of a national Bitcoin stockpile to Kamala Harris’ support of a regulatory framework for digital assets, the two US presidential hopefuls have different stances on the future of crypto. 

He will lead the sales team to drive new business growth, manage relationships with GAM's key clients and will report to global head of client solutions Rossen Djounov. Williams was previously at Amundi Asset Management, where he spent five and a half years driving active fund sales in the UK. Prior to that, he was head of fund sales for the UK and Middle East at Alquity Investment Management. GAM Star Continental European Equity fund stripped of Square Mile rating amid Niall Gallagher departure He said GAM was a «hidden gem» due to its «compelling product set», specialist expertis...

According to the PwC 2024 Global Investor survey, 74% of investors argued businesses should «invest in or cover to invest in upskilling their workforce» alongside AI, as 32% said the technology would lead to an increase of 5% or more in headcount numbers, similar to the levels of those who forecasted little to no change in hiring figures (31%). The latest findings came in the context of AI gaining traction across industries, including in the financial services sector, where three-quarters of UK firms are already using the technology, recent research by the Bank of England and Financial C...

Subscribe to enjoy similar stories. NATIONAL CLIMATE policies are a relatively recent invention. In 1997, according to the Grantham Institute, a think-tank at the London School of Economics, there were 60; by 2022 the number had risen to almost 3,000.

Bleeding eye disease: An outbreak of deadly Marburg virus disease (MVD), often referred to as the 'bleeding eye virus', has killed at least 15 people, and infected at least 66 in Rwanda as of November 29, the country’s Ministry of Health announced. Reports of the fast spreading Marburg virus has raised concerns about the deadly disease which has already spread to some countries. Marburg belongs to the filovirus family, like the much better known Ebola. Both pathogens are clinically similar, and although rare, can cause outbreaks with high fatality rates. ALSO READ: 'Bleeding eye' virus sparks global fear: Urgent warning issued to UK, Africa travelers over 'deadliest' disease. Check symptoms

The partner of former Abercrombie & Fitch CEO Mike Jeffries who was indicted on sex trafficking charges along with Jeffries and another man has been released on $10 million bond

Vedanta shares are in focus today, December 4, after Crisil Ratings upgraded its rating on the company's long-term bank facilities and debt instruments from 'AA-' to 'AA'. The upgrade reflects improved capital structure, better financial flexibility, and robust volume growth. Crisil highlighted significant improvement in Vedanta's consolidated operating profitability (EBITDA) and reduced debt and leverage below rating thresholds as key factors behind the revision.

The Indian delegation was led by Piyush Srivastava, Joint Secretary, Europe West, Ministry of External Affairs, and Vishwesh Negi, Joint Secretary, International Cooperation, Ministry of Defence, according to the Ministry of External Affairs press release. Representing the UK were Ben Mellor, India Director, Indian Ocean Directorate, Foreign, Commonwealth & Development Office, and Shimon Fhima, Director Strategic Programmes, Ministry of Defence.

Subscribe to enjoy similar stories. Bengaluru: Of late, one corner of Chakan, an automobile and manufacturing hub, has been seeing a burst of construction activity. On crossing the factories and manufacturing plants of some of the world’s largest automakers, including Mercedes, Volkswagen and Mahindra & Mahindra, the New MIDC Road leads to a 100-acre site.

Jaguar on Monday revealed its electric Type 00 concept car during Miami Art Week, showcasing the company's new design and electric vehicle strategy. The concept, a part of its newly rebranded identity, was released days after billionaire Elon Musk mocked its previous ad for being 'woke'. Last month, the company released a 30-second spot showing diverse models and bright colors. The advertisement was panned by several who said it was «woke» including Tesla and X CEO Elon Musk mocked the ad saying, “Do you sell cars?" The luxury British carmaker has filled in some of the blanks by revealing a concept car. The Type 00, named to represent zero emissions and its position as the first of a new generation, features a long hood, curved roofline, and boat-tail rear. This design was made possible by Jaguar's new electric platform called JEA. The company also confirmed plans for a new four-door GT car, set to release in late 2025. This production model is projected to have a range of up to 478 miles (770km) and fast-charging capability.

bleeding eye virus has spread across 17 African countries over the past two months. Public health officials across the world are monitoring the spread of the deadly virus and travellers have been advised to exercise against the spread of the deadly new virus. With a 50/50 risk of death, the 'bleeding eye' virus is thought to be one of the deadliest on earth and could spread to other African countries which are already struggling to cope with other viruses and its outbreaks.

Having dropped 19.8% in the year to 31 March 2024, the trust's share price has gradually risen by 2.7% in the six months to 30 September 2024, according to an abridged version of the company's half year report published today (3 December).  This marked a similar return to the MSCI World index total return during the same period of 2.8%, even though the index had previously returned 22.5% in the same timeframe that Lindsell Train's share price toppled by 19.8%.  Nick Train's UK Equity fund to pull in over £230m from Hargreaves Lansdown takeover However, the company's NAV per share f...