City London Financial News

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

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

For Lachlan Murdoch, this has been a long time coming — assuming, that is, his moment has actually arrived

Just a couple of months ago, emerging-market assets were all the rage as inflation eased and interest rate-cut bets surfaced. The trade has all but fizzled out. 

Portofino Technologies, a Swiss-based start-up founded by Alex Casimo and Leonard Lancia, has filed a motion to dismiss a lawsuit brought against them by Citadel Securities. 

Vedanta Resources' (VRL) bond restructuring plan has met with some resistance from investors seeking better terms. The proposed plan suggests making a 50% upfront payment for the $1 billion January 2024 bond, a 15% payment for the August 2024 bond, and a 10% upfront payment for the March 2025 bonds, with the remaining amounts to be restructured. However, VRL needs the approval of at least two-thirds of the bondholders for this plan to proceed. Initial feedback from investors in Singapore and Hong Kong reveals discomfort with the proposed restructuring, raising the possibility of opposition from a group of bond investors, two bondholder sources said. «A group of bondholders could oppose the proposed restructuring, setting the stage for a potential showdown,» a source said.

Sabato De Sarno wants people to fall in love with Gucci again, titling his debut collection “Gucci Ancora,” Italian for “Gucci Again.”

domestic flights and 6,960 international air traffic movements last month. Delhi, Bengaluru, and Chennai emerged as the top domestic destinations in August, while Dubai, London, and Abu Dhabi were the most preferred international destinations from the airport.

Schroders Plc said it has a way to score sovereign debt that corrects for the rich-world biases inherent in ESG investing.

Booker Prize. Kenya-born Maroo's novel set within the context of the British Gujarati milieu has been praised by the Booker judges for its use of the sport of squash as a metaphor for complex human emotions.

Vedanta Limited has approved raising up to ₹2,500 crore through the private placement of non-convertible debentures, it informed exchanges on Thursday. These funds will be raised in one or more tranches. The natural resources major will raise funds through 250,000 debentures with a face value of ₹100,000 each.

Booker Prize 2023 judging panel Thursday announced the final list of six novels from 13 longlisted titles – the so-called “Booker dozen" – which were selected from 163 books published between October last year and September this year. All the six shortlisted books "showcase the breadth of what world literature can do", BBC reported Canadian novelist Esi Edugyan, who chairs the judging panel, as saying. London-based Indian-origin author Chetna Maroo’s debut novel ‘Western Lane’ was among the shortlisted for the 2023 Booker Prize in London.

By Dawn Chmielewski and Helen Coster

Candlelight Concerts to India, kicking off with performances in tribute to Taylor Swift’s greatest hits, Vivaldi’s Four Seasons, British bands Queen and Coldplay, as well as the Japanese composer Joe Hisaishi. The expansion into the region comes on the heels of the experience’s success, having delighted audiences in more than 150 cities worldwide, including New York, London, Madrid, Singapore and Tokyo.Audiences who would like to be the first to know about the local venues and music programs kicking off the series can sign up on each city’s page at feverup.com.

IndiGo and British Airways have signed a codeshare agreement to further boost connections between India and the UK. The two airlines announced their codeshare agreement on Thursday. Through this partnership British Airways will add its code onto a couple of destinations across IndiGo’s network that would allow customers to enjoy improved connectivity between India and the UK for travel from October 12, the airline said. Abhijit Dasgupta, senior vice president – Network Planning and Revenue Management, IndiGo, said, “We are excited to announce our codeshare agreement with British Airways.

A new exhibition is opening in London to chart for the first time the contributions Black British culture made to U.K. fashion and design history and to celebrate Black designers who haven't received public recognition

By Dhara Ranasinghe and Tom Westbrook

Under the leadership of Peter Bosz, PSV currently leads the Eredivisie and has demonstrated its strength by eliminating a British opponent, Rangers, with a commanding 5-1 victory in the second leg, securing a spot in the main competition. PSV also managed to defeat Arsenal at home during the group stage of the previous season's Europa League, making a repeat performance in London a significant achievement. Mikel Arteta has told his Arsenal players to make «beautiful memories» on their return to the Champions League after a six-year absence. Arteta's side face PSV Eindhoven in their opening Group B match at the Emirates Stadium on Wednesday. It will be the Gunners' first game in Europe's elite club competition since they were thrashed by Bayern Munich in the last 16 in 2017. The long-awaited return has stirred Arteta's soul as the Arsenal manager recalls his own playing days with the north London club in the Champions League.

Markets may be underestimating the risks of both a US recession and one more interest-rate hike from the Federal Reserve, making haven assets a preferred play, according to Pacific Investment Management Co. 

London Fashion Week, which wrapped up on Tuesday.

When Jane Fraser last week announced her plan to reorganize Citi and possibly eliminate some talented people in the process, the implication was that it might be a while before it came to fruition. The realignment wasexpected to take 30 days with the actual cuts to be announced next year (said the Financial Times). And yet, Citi has cut people today.