City Birmingham Financial News
04.10 / 16:35
COST
UPS
Citi
economy
travelers
UK Prime Minister Rishi Sunak rallies his Conservatives by saying he's ready to take tough decisions
Rishi Sunak on Wednesday urged skeptical voters, and his own Conservative Party: Keep me in office and I'll offer you change. In his first — and possibly last — speech as leader to the party's annual conference before an election due in 2024, Sunak said he's not afraid to make tough choices and big decisions that will deliver «long-term success» rather than «short-term advantage».
04.10 / 10:17
COST
UPS
Browser
information
recommendations
Costs
Axe looms over HS2 as costs set to soar by £8bn
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02.10 / 18:05
UPS
Lowe's
MET
country
UK is heading into another heatwave, says Met Office
Met office has warned. «As we go through the week, the high pressure tends to drift further eastwards; we could waft up some warmer air — some significantly warmer air — by the time we get to Friday and in to Saturday,» Met Office forecaster Alex Deakin said. London, the national capital, is expected to approach the mid-20s on Saturday and Sunday.
26.09 / 08:53
M&A
companies
Results
Close Brothers AM
Close Brothers AM profits tumble 27% amid sale rumours
Adjusted operating profit fell to £15.9m, down from £21.7m a year ago.
26.09 / 04:43
COST
Citi
pandemic
country
reports
Costs
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
The British government is considering scrapping a big chunk of an overdue and over-budget high-speed rail line once touted as a way to attract jobs and investment to northern England
25.09 / 14:35
COST
Citi
pandemic
country
reports
Costs
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
The British government is considering scrapping a big chunk of an overdue and over-budget high-speed rail line once touted as a way to attract jobs and investment to northern England
21.09 / 09:06
UPS
Citi
Pool
Browser
information
reports
recommendations
£15bn of public assets sold by English councils since 2010 amid budget shortfalls
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17.09 / 07:59
UPS
Remark
performer
stage
track
India's sports moms shatter stereotypes, get ready to compete at Hangzhou Asian Games
Mary Kom and the six-time Grand Slam champion Sania Mirza are two of the most well-known sports mums in the nation. The report highlights a number of Indian mothers who will be exhibiting their athletic abilities on this prestigious stage as the Hangzhou Asian Games get underway on September 23. Let's examine these outstanding women in more detail:Dipika Pallikal (Squash) Dipika Pallikal, often regarded as the poster girl of Indian squash, has consistently delivered stellar performances for her nation.
13.09 / 09:05
09.09 / 10:35
COST
UPS
Citi
Provident
Booking
Birmingham city council declared bankruptcy. UK's second-largest city's situation explained
Birmingham's city council on 5 September, declared itself bankrupt, putting a pause on all spending except essential ones. The Birmingham city council issued a 114 notice last Tuesday, thereby joining a string of local authorities, which include Woking, Croydon, and Thurrock, that have announced it did not have the resources to balance its books, the United Kingdom that is now living “hand to mouth". So far the Conservative party Prime Minister Rishi Sunak-led government has refused to come to the Birmingham City Council's rescue.
09.09 / 06:55
COST
UPS
Citi
Fallout
country
social
The extraordinary reasons why parts of Britain are going bust
Hilton hotel and the Chagos Islands have in common? They all feature on a long and increasingly bizarre list of stories behind the financial crisis sweeping Britain’s local authorities. While there’s been a steady dribble of so-called Section 114 notices from councils declaring effective bankruptcy in recent years, Birmingham City Council’s filing this week caused the most alarm. For Europe’s largest local authority, a legal battle over equal pay is proving a huge drain on resources. Its leaders conceded on Tuesday it faces “unprecedented financial challenges” with all new spending, except on core services, stopped in a bid to right the ship. Britain’s second city faces a bill as high as £760 million ($948 million) after a Supreme Court ruling from 2012 backed a group of largely female employees who missed out on bonuses that were given to staff in traditionally male-dominated roles at the council.
07.09 / 19:37
UPS
Provident
Platform
Osaic nabs veteran Wells Fargo group managing $600 million in Michigan
The newly rebranded Osaic Inc. said Thursday that it nabbed a team of financial advisors formerly with Wells Fargo Advisors Financial Network that manages $600 million in client assets.
07.09 / 16:57
Moodys
show
track
concert
Tyler Childers announces Mule Pull '24 Tour. See complete schedule, how to get tickets and more
Tyler Childers, the singer-songwriter, is set to embark on his Mule Pull '24 tour in 2024 to support his upcoming album, Rustin’ In The Rain, releasing on September 8. The tour begins in Europe and then moves to North America. Fans in England, Scotland, Ireland, Germany, Denmark, Netherlands, Sweden, and Norway can attend his concerts. The North American concert ticket presale is ongoing, with registration closing on September 10 at 11:59 pm ET. Registering on Tyler Childers' official website grants access to the Verified Fan presale on September 13. The Europe and UK show presale will also be on September 13, with tickets available at tylerchildersmusic.com.
06.09 / 07:47
COST
UPS
Citi
social
Britain bankruptcy: This UK city has declared itself bankrupt
Britain's second-largest city has reportedly declared itself bankrupt and has shut down all non-essential spending after being issued with equal pay claims totaling up to £760 million ($956 million). According to a report by CNN, the deficit arose due to difficulties paying between around $816 million and around $954 million in equal pay claims.
05.09 / 15:31
industry
Investment trusts
Real estate stock exchange IPSX to wind down operations
IPSX had just three companies listed, including Mailbox REIT, which was the first to list on the exchange in May 2021, M7 Regional E-Warehouse REIT and BWP REIT.
05.09 / 07:43
companies
Abrdn
Acquisition
Takeover
LGT completes £140m takeover of abrdn's DFM business
'The completion of this transaction marks another milestone in LGT Wealth Management’s journey from inception in 2008.'
04.09 / 16:59
UPS
Progressive
Platform
Racing
country
social
Indian
MPs
UK’s opposition Labour Party demotes Indian-origin MPs
In a major reshuffle, the UK’s Opposition Labour Party leader Sir Keir Starmer on Monday demoted Indian-origin shadow ministers Lisa Nandy and Preet Kaur Gill among others. Nandy, the member of Parliament for Wigan and daughter of Dipak Nandy – a Kolkata-born academic well-known for his work in the field of race relations in Britain, was removed as a shadow secretary of state and handed an international development ministerial post, which was previously held by Gill. Gill is the first British Sikh female member of Parliament in the House of Commons.
23.08 / 17:41
UPS
Citi
Provident
FIVE
Dreams
Auburn
A Man-Made Lake in Alabama Is Giving the Gulf Coast a Run For Its Money
After Bruce Pearl discovered Lake Martin in east-central Alabama, he dreamed about owning a piece of property along its shoreline. Pearl, who has been head coach of Auburn University’s men’s basketball team for roughly a decade, began visiting the lake in 2014 on the recommendation of a friend. In 2019, after he coached his team to the NCAA Men’s Final Four , a bump in pay allowed Pearl, now 63, to build his family a vacation home on the lake.
23.08 / 14:17
Citi
Provident
Cooper
Booking
Gap
country
Flying Air India? You can now book your travel to European towns, even those without airports
travel to European towns, even those without airports.Air India has unveiled its plans to establish an intermodal interline agreement in collaboration with AccesRail, an IATA travel partner, to bolster connectivity options for its passengers traveling to European cities lacking airports. This strategic agreement is poised to offer Air India customers a convenient means of travel by enabling them to embark on a unified intermodal journey using a single ticket. This ticket will grant them access to bus and train connections spanning approximately 100 cities and towns across Austria, Belgium, Germany, and other destinations. These intermodal connections will be facilitated through Air India's European gateways, which include key locations like Amsterdam, Birmingham, London Heathrow, London Gatwick, Milan, and Vienna. AccesRail, in partnership with Air India, has curated a comprehensive network of rail and bus operators under this agreement. This network encompasses prominent names such as Avanti West Coast (UK), Great Western Railways (UK), London North Eastern Railways (UK), National Express (UK), Trenitalia (Italy), ÖBB Austrian Railways (Austria), SNCB Belgian Railways, and Thalys (Netherlands/Belgium).
16.08 / 13:45
Citi
Airlines
Boeing
cover
Emirates to double number of flights on Dubai-London Heathrow route, hire cabin crew
Emirates will almost double the number of flights to London Heathrow from Dubai on a temporary basis to meet the demand during the busy winter season. The airline has announced it will operate an additional five-a-week service to London Heathrow starting from 31 October 2023 until 30 March 2024. Currently, Emirates serves London Heathrow with six daily A380 flights.
14.08 / 21:13
Southern
love
Celebrity
band
track
song
Death Cult to celebrate 40th anniversary with UK, US and Ireland Tour. See details
Rock band Death Cult is celebrating its 40th anniversary with a tour across the UK, the US, and Ireland. The band, whose members are Billy Duffy and Ian Astbury, will perform at renowned venues that hold significance from their early days.
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