Britain Financial News
08.11 / 13:29
Strategy
diving
Baillie Gifford's Iain McCombie: Rightmove's REA rejection 'really good news' for UK M&A
For McCombie, head of Baillie Gifford's UK Equity team and manager of the UK Equity Core strategy, selling a long-standing member of the FTSE 100 with significant growth potential for «a 20% uplift» is a decision that «makes no sense». Speaking at a media roundtable attended by Investment Week, McCombie urged UK businesses to remain listed domestically, despite the increase in buyouts from private equity firms and consortiums. «Kudos to the Rightmove board», he added, «they took the long-term view». Deep Dive: Resurgence of public company takeovers is a 'double-edged sword' for ...
08.11 / 09:39
markets
Analysis
Research
Healthcare
Trade
Experts
reports
European shares muted as luxury firms fall
shares were subdued at the open on Friday on the back of mixed earnings results, while heavyweight luxury firms fell after Richemont's results failed to impress. The pan-European STOXX 600 held firm at 509.9 points as of 0817 GMT, with healthcare leading subsector gains with a 1.1% rise, while basic resources lagged with a 2.4% fall.
08.11 / 09:29
markets
COST
Provident
wellness
performer
reports
Tata Steel investors may remain jittery amid delayed revival in European operations
Subscribe to enjoy similar stories. The September quarter (Q2FY25) earnings of Tata Steel Ltd had its share of positives even as European operations remain a drag. Consolidated Ebitda of ₹5,522 crore adjusted for forex translation, rose 33% year-on-year.
08.11 / 07:13
07.11 / 21:31
07.11 / 19:01
markets
Digital
economy
Election
Trade
President
Bitcoin
Posthaste: Why the Bank of Canada may have to cut rates deeper than its global peers
It’s been quite the week — Donald Trump’s victory in the United States election sent stocks soaring and gold plunging yesterday, and today the Federal Reserve announces its rate decision.
07.11 / 16:17
UPS
ETF
Strategy
Continental
Morningstar
gatherings
European active ETFs double their AUM as passives gain popularity across the continent
Speaking at Investment Week's Funds to Watch 2024 event today (7 November), Calay said assets under management for active ETFs in Europe hit €45bn at the end of the third quarter, up from roughly €20bn in 2022. Passive strategies as a whole remain a popular option among investors, as active managers continue to struggle with continuous outflows across all sectors including equities, fixed income and alternatives, she said. According to Morningstar Direct, passive strategies in the UK gathered £3bn in assets during the third quarter of 2024. Global ETF flows set to surpass $1trn t...
07.11 / 16:17
markets
Career
LGBT
CEO
2020
Schroders Americas CEO Phil Middleton to become head of UK as James Rainbow exits
Middleton moved to New York in 2020 to take on the role of head of institutional distribution for North America, after which he was then named CEO of North America in 2022, before being promoted into his current role. Schroders Personal Wealth ditches multi-manager structure He started his career at Schroders in 1992 and has held several roles across business distribution and marketing. Effective from 1 January 2025, he will succeed current head of UK James Rainbow, who is set to leave Schroders to «pursue opportunities outside of the business», where he spent the last 17 years. ...
07.11 / 12:35
Target
shock
Headlines
Bank of England meets expectations with 25 basis point rate cut to 4.75%
All but one member of the Monetary Policy Committee voted to reduce the Bank rate at the meeting on Wednesday (6 November). With UK inflation dropping below the Bank's 2% target in September, the MPC said there had been «continued progress» on disinflation thanks to the unwinding of external global shocks, although it noted «remaining domestic inflationary pressures are resolving more slowly». The central bank said inflation is expected to increase to around 2.5% by the end of the year, with headline GDP growth set to fall back to around 0.25% per quarter over the second half of this...
07.11 / 11:05
Fallout
Election
President
War
stage
rights
50 European leaders assess how Trump will affect their fortunes. German crisis adds to challenges
Around 50 European leaders will be reassessing their trans-Atlantic relations in the hope that Donald Trump's second U.S. presidency will avoid the strife and political pitfalls of his first administration
07.11 / 08:27
markets
FIVE
'Once-in-a-parliament reset': Reeves rules out future fiscal events of Autumn Budget's scale
During a Treasury Select Committee hearing today (6 November), the chancellor told MPs that the plans announced last week meant that the UK's public finances were now «on a firm footing», with a «much more honest» trajectory of public spending. UK gilt yields hit their highest levels of the year the day after the Budget (31 October), as investors digested the additional borrowing set out by the chancellor, which the OBR said would be, on average, £36bn higher each year over the next five fiscal years. Reeves was told that the gilt market response to increased issuance could indicate ...
06.11 / 21:39
06.11 / 21:39
markets
Netflix
Election
AVP
stars
Schools
rights
Missing You: Harlan Coben thriller’s release date, cast, plot and production team
Harlan Coben’s newest Netflix adaptation, Missing You, will premiere on New Year's Day 2025. After the success of Fool Me Once, fans are eager for this next installment.
06.11 / 21:39
06.11 / 21:39
markets
Williams
Election
country
reports
gatherings
British Royal family's Christmas drama is leading to tremendous infighting and rivalry; here's why
Prince William and Kate Middleton are reportedly having some serious plans to host a rival Christmas party at their country home this year which is situated in Anmer Hall, diverging from the traditional royal gathering at Sandringham, reported Cosmopolitan. Additionally, latest reports also claim that this shift is being actually characterized as a coup against King Charles while the couple eventually aims to present a far more relatable and middle class holiday experience.
06.11 / 17:31
markets
Digital
Williams
Strategy
Election
dance
Features
The Day of the Jackal: Here’s premiere date, plot, episode schedule and cast of thriller series
thriller series, The Day of the Jackal, features Eddie Redmayne and Lashana Lynch. This series, inspired by Frederick Forsyth’s novel, showcases a high-stakes chase between a professional assassin and an intelligence officer.
06.11 / 17:31
markets
Digital
Strategy
Election
President
social
Scandals
French President Emanuel Macron congratulates Donald Trump on his U.S elections victory, gets trolled on social media; here's the reason
Emanuel Macron congratulated Donald Trump on his recent and apparent victory in the US Presidential Elections 2024 while he became one of the first world leaders to do so. According to Huffpost, in a post on X (formerly known as Twitter), Emanuel Macron expressed his readiness to collaborate with Donald Trump while referencing to their four year old partnership.
06.11 / 15:03
markets
UPS
Citi
wellness
President
Inside
Citi's London DCM bankers incredulous at junior hirings after senior firings
As we noted two weeks ago, there was some upset in Citi's London debt capital markets team last month when four popular and senior debt capital markets (DCM) bankers (Colm Rainey, Christian Rose, Santhi Athreya and Bruno Sáenz de Miera) were let go, despite a strong year.
06.11 / 15:03
UPS
Strategy
film
trends
Courts
Morning Coffee: Three banks announced major job cuts yesterday. The zombies and monsters trying to put bankers in jail
Environmentalists have a saying that “climate change will manifest as a series of disasters viewed through phones with footage that gets closer and closer to where you live until you're the one filming it”. Similarly, it’s possible to worry that the effect of AI on employment is going to manifest itself as a series of seemingly unrelated stories about mass redundancies that gets closer and closer, until you’re the one being fired.
06.11 / 13:53
06.11 / 13:09
Election
Trade
President
Bitcoin
donates
Courts
Bitcoin spikes to record as traders expect Trump's victory to boost cryptocurrencies
The price of bitcoin has hit a new high as investors bet that former President Donald Trump’s victory in the U.S. presidential election will be a boon for cryptocurrencies
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