City London Financial News

Plans have been announced for a strategic partnership that will enhance the U.S. private wealth distribution channel of real assets investment firm The Townsend Group which advises clients with $218 billion in assets.

Speaking about the future of US stocks at the Morningstar Conference in London on Wednesday (1 May), Pines said that despite «some specific sector issues,» markets are generally well-equipped to withstand political unpredictability. His statement comes at a time when several experts believe Trump might win a second White House term in November this year.  JP Morgan AM's Karen Ward: Investors should not 'trade' the US election Some investors have even started to look for ways to safeguard their investment portfolios by diversifying their asset classes in the event that Trump's re-el...

Saurabh Bharadwaj on Tuesday said the Centre should work to urgently address the alleged side-effects of the Covidshield vaccine as millions of people in India were administered the shit during the Covid pandemic. Bharadwaj expressed concern over the alleged link between the vaccine's side-effects and a series of sudden deaths in India, claiming that Covidshield was banned in several European countries, including Germany, France, Spain, Finland, Norway and Denmark, at the beginning of 2021 due to apprehensions about its safety. UK-headquartered pharmaceutical giant AstraZeneca has admitted that in «very rare cases», its COVID-19 vaccine can cause a blood clot-related side-effect but the causal link is unknown, according to court papers being quoted in the UK media. The Daily Telegraph reported that in a legal document submitted to the High Court in London in February for a group action brought by 51 claimants, AstraZeneca admitted that the vaccine developed with the University of Oxford to protect against COVID-19 may cause Thrombosis with Thrombocytopenia Syndrome (TTS) in «very rare cases».

Tata group-backed Indian Hotels Company (IHCL) is aiming for double-digit topline growth this fiscal and plans to open 25-30 hotels. It will also launch hotels overseas but its primary target will remain India's thriving hospitality industry. «Our commitment extends to maintaining zero net debt while accumulating cash reserves, positioning us strategically for future investments in cash deployment, capex, M&A, or strategic reserves,» Puneet Chhatwal, MD, IHCL, told ET in an interview. He said while FY25 will be a 'breakthrough year' for the company's international expansion, the primary focus will remain on the Indian subcontinent. «We're expanding internationally with a target of at least three hotels outside of India, with contracts already signed, including two in Bhutan, and ongoing discussions for locations such as Dubai, London, Frankfurt, and others. We have two hotels under construction in Dhaka and several negotiations underway in the Indian peninsula, Sri Lanka, and nearby regions,» he said.

Tata group-backed Indian Hotels Company (IHCL) has set an ambitious aim of a double digit topline growth this fiscal, besides plans of opening 25-30 hotels. It will also launch hotels overseas, but its primary target will remain India's thriving hospitality industry. “Our commitment extends to maintaining zero net debt while accumulating cash reserves, positioning us strategically for future investments in cash deployment, capex, M&A, or strategic reserves,” Puneet Chhatwal, MD and CEO of IHCL, told ET in an interview. Chhatwal said while FY2025 will be a 'breakthrough year' for international expansion, the primary focus will remain on the Indian subcontinent.

Rohit Jawa is clear about the job at hand, which is to nudge India's largest consumer goods company to move “faster than the clock speed of India". Before taking over the corner room of HUL in June 2023, Jawa, 57, served as chief of transformation for Unilever in London, where he piloted the company's end-to-end transformation from January 2022. Jawa expressed surprise at the pace of change in India in an interview late last week, a day after HUL announced its earnings for the fourth quarter, where the company reported a 2% jump in underlying volumes, similar to the previous two quarters.

traders appear to have scaled back their bets on the world's largest cryptocurrency as its two major tailwinds subside. The Bitcoin funding rate — the premium paid by traders to open new long positions in the token's perpetual futures market — on April 19 turned negative for the first time since October 2023, CryptoQuant data shows.

Shares in U.K.-based mining giant Anglo American have surged after it received a 31 billion-pound ($39 billion) takeover bid from rival BHP Billiton

The surging dollar has hurt stocks outside the US but one group at least stands to gain: companies that export to the world’s largest economy.

horses bolted during routine exercises near King Charles III’s main residence in London on Wednesday and ran loose through the centre of the city, injuring at least four people and colliding with vehicles during the morning rush hour.Chaos erupted when about seven horses from the Household Cavalry became spooked by noise caused by nearby construction workers while the animals were taking exercise in Belgravia, a swanky neighbourhood just to the west of Buckingham Palace, British media reported.The riderless horses galloped down main roads in central London, running into vehicles and stunning commuters as they headed to work. The horses were all captured shortly after and and are undergoing medical tests, officials said.Pictures and videos shared widely across social media showed two of the horses running at speed down Aldwych, in between London’s historic financial center and the busy West End theatre district.One of the horses had its front covered by what appeared to be blood or red paint.

Deutsche Bank has hired a new head of US credit trading to replace Dan Crowley, who left in February.

As Citi proceeds with its restructuring and 20,000 job cuts, all does not seem entirely well in the Malaga office where the US bank employs around 30 junior investment bankers who theoretically have a great life. 

NRIs) are contributing nearly a fourth to the total residential sales at large developers, up from 7-10% before the pandemic, as top cities continue to see price appreciation and rising demand. According to developers and brokerage firms, the US, Singapore, the UAE, Australia and Saudi Arabia have emerged as big markets for them and they have dedicated teams to help buyers in selecting the projects. According to market sources, the country's biggest developer DLF in its last project Privana South in Gurugram, had achieved 25% share (about ₹1,800 crore) in NRI sales.

During a speech in London today (23 April), Pill said his assessment of the monetary policy stance had mostly remained unchanged since his vote to maintain the Bank's base rate at 5.25% in March.  The economist said the combination of little news and the passage of time have brought a Bank rate cut «somewhat closer», but noted the «lack of news» since the last MPC decision gives him «no reason» to depart from the baseline that it is too early to cut rates. BoE's Huw Pill: Interest rate cuts possible as 'reward' for lower inflation Pill noted that seeing headline inflation fall towa...

Pink Full Moon 2024: The Pink Full Moon, a rare celestial event, can be witnessed on Wednesday, April 23. However, the Pink Full Moon does not appear pink in colour. It will actually glow orange.

Crypto exchanges are eating into Binance’s share of Bitcoin trading outside the US as overseas expansion efforts and changing regulations reshape the competitive dynamics of the digital-asset industry.

The Sun on 21 April. According to the report, Beckham also accused Wahlberg's Mark Wahlberg Investment Group (MWIG), and gym group F45’s founders Adam Gilchrist and Rob Deutsch of 'fraudulent conduct' and alleged that he was reportedly misled by Wahlberg during business. In 2022, Beckham's firm DB Ventures Ltd began litigation against Wahlberg's F45 Training and filed a case with Australian golf entrepreneur Greg Norman.

The uber wealthy live a world apart and their investing strategies also look vastly different from the average investor's portfolio.

PTI, Singh was arrested in London in April 2019 at the request of the US. He was later extradited to the US in March 2023.

₹51.2 crore net during its nine-day run in theatres, according to Sacnilk. As per the latest estimates, the film has crossed ₹80 crore mark at the worldwide box office. The movie was released in theatres on April 11 while its premier shows debuted on April 10.

The deceased, along with their friends studying at Scotland's Dundee University and pursuing Master's degree, were on a hiking trip in the tourist spot. An official from the Indian High Commission in London informed that the bodies of the two students were found downstream.