County Somerset Financial News
19.01 / 18:41
Provident
Digital
Platform
Parke
XREATORS Launches on January 25th: An NFT Marketplace for Digital Content and IP Merchandise
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
14.08 / 15:31
Provident
Target
information
reports
Investigations
Maine regulators reject utility proposal to report suspected marijuana grow operations to police
Maine utility regulators have unanimously rejected an electric utility’s proposal to proactively report high consumption that signals an illicit marijuana growing operation to law enforcement officials
03.06 / 01:03
UPS
economy
wellness
Healthcare
Indus
innovations
Financial
Middle East’s Hades Financial eyes deeptech, SaaS investments in India
Mint.“We’re very bullish on India’s growth story. One of the biggest advancements I have seen is that infrastructure is improving and the economy is growing robust which has led to the emergence of innovative companies, especially in deeptech," Chaturvedi said.Hades—which is sector-agnostic—invests directly in companies and indirectly through fund managers.
24.04 / 04:07
UPS
Ball
Equality
cricket
CSK vs LSG match: Chennai Super Kings become only IPL team to achieve elusive record in T20 cricket
IPL team to score 34 200+ totals in T20 cricket. With this, they equalled Somerset's world record for most 200+ totals in men's T20 cricket. Chennai’s 34th 200+ total came as captain Ruturaj Gaikwad remained unbeaten at 108 off 60 balls against Lucknow Super Giants (LSG).
06.04 / 01:31
Aviat
reports
Department
Traffic
Earthquake today: 4.0 magnitude quake hits New Jersey, 2nd in the US today
New Jersey at 17.59 local time on Friday. The quake was at a depth of 9 kilometres, according to the European Mediterranean Seismological Centre (EMSC). In a post on X (formerly Twitter), Governor of New Jersey, Phil Murphy wrote, “New Jersey just experienced an aftershock.
03.04 / 05:33
markets
Citi
FIVE
Healthcare
Indus
hospital
reports
General Atlantic buys hospital chain Ujala Cygnus
General Atlantic, the US based private equity major has acquired Ujala Cygnus, a leading hospital chain in Northern India with a network of 21 hospitals serving Tier-II and Tier-III cities, said a press statement. Though the financial details are not disclosed, the deal has valued the chain at Rs1600 crore, according to sources. General Atlantic is set to acquire about 70% stake in Ujala Cygnus Healthcare Services, valuing the chain at about Rs1600 crore, ET reported in December 2023.
19.02 / 09:37
markets
Target
Manufacturing
Strategy
Healthcare
Amicus
reports
NIIF invests ₹207 crore in Amicus Capital
₹207 crore ($25 million) to the second fund of India-focused growth capital fund Amicus Capital Partners. The investment is from NIIF Fund of Funds – I, the first fund under NIIF’s Private Markets business. The commitment underscores NIIF's intent to back "fund managers who are executing a well-defined investment strategy in a disciplined manner with a strong team", said Anand Unnikrishnan, managing partner – private markets, NIIF, in a release.
24.01 / 23:25
COST
UPS
Strategy
show
country
UK's flagship nuclear plant could cost up to $59 billion, developer says
A major nuclear plant that Britain’s government hopes will generate affordable, low-carbon energy could cost up to 46 billion pounds, or $59 billion, and the completion date could be delayed to after 2029
24.01 / 13:55
UPS
security
country
testing
travelers
shock
England's off-spinner Shoaib Bashir gets visa to travel to India for Test series
Shoaib Bashir has now received his visa, and is due to travel to join up with the team in India this weekend. We're glad the situation has now been resolved in a post on X. Earlier, The delay in issuance of an Indian visa to rookie England off-spinner Shoaib Bashir snowballed into a major controversy on the eve of a much-hyped Test series between the two countries with visiting skipper Ben Stokes calling the turn of events "frustrating" and a British government spokesperson demanding "fair" treatment for the youngster.
24.01 / 12:35
UPS
Citizens
BBC
performer
testing
Here's all about Shoaib Bashir – British Muslim of Pakistani descent who was denied Indian visa
ALSO READ: India Vs England: 'I feel for him honestly', says Rohit Sharma on Shoaib Bashir's visa row "I can't speak to the specifics of this case. But more broadly we have previously raised issues of this kind with the High Commission. We have been clear that we expect India to treat British citizens fairly at all times in its visa processes.
21.12 / 12:22
companies
St James's Place
Polen Capital takes over Somerset Capital Management's UK funds
As part of the transition, a team of Somerset portfolio managers, including Mark Williams, the portfolio manager of the Asia Income and Emerging Market Dividend Growth strategies, will be moved into Polen Capital’s emerging markets team in London and Asia.
07.12 / 12:45
companies
Unit trusts/OEICs
SJP
Redemptions
Somerset Capital Management funds seek new home as firm set to close following SJP redemptions
The firm was co-founded by MP Jacob Rees-Mogg (pictured).
04.12 / 15:31
companies
emerging markets
St James's Place
Somerset Capital loses two-thirds of assets as SJP severs ties - reports
Somerset went from managing $3.5bn in assets at the end of October to about $1bn, after SJP transitioned about £2bn away from Somerset on 20 November.
15.11 / 16:09
Provident
Booking
Manufacturing
vaccine
show
Catalent sees weight-loss drugs boom driving bookings until FY 2026
(Reuters) -Catalent said on Wednesday it expected a majority of its current and upcoming production capacity for pre-filled syringes until fiscal year 2026 to soon be booked out, driven by booming demand for newer weight-loss drugs.
19.07 / 02:05
UPS
Provident
FIVE
Reuters
Booking
Manufacturing
Tata JLR set to unveil plans for electric car battery plant in UK: Report
Tata Motors-owned Jaguar Land Rover (JLR) is set to announce its plans to build a flagship electric car battery plant in the UK, a source familiar with the matter said as reported by Reuters. Tata had been choosing between a site in Somerset, southwest England, and one in Spain to supply a new range of electric Jaguar and Land Rover vehicles. Bloomberg was first to report on Tuesday that the factory was set to be announced this week.
18.07 / 18:25
UPS
Provident
Reuters
Racing
Airlines
Software
Tata chooses UK for new EV battery plant
Tata has chosen to build an electric vehicle battery plant in southwest England, Bloomberg reported on Tuesday, a win that would bolster the country's automotive industry against stiff global competition. Tata has chosen a site in Somerset to supply a new range of electric Jaguar and Land Rover vehicles and is set to outline its decision as soon as this week, the Bloomberg report said, citing unnamed people familiar with the plans.
18.07 / 16:57
Progressive
Manufacturing
UK set to secure commitment from Tata Group to build electric Jaguar and Land Rover battery plant
Tata Group to build a battery plant supplying a new range of electric Jaguar and Land Rover models. Tata has chosen a site in Somerset, west England, owned by Salamanca Group, an investment and advisory business with roots in real estate, people familiar with the plans said. The Indian parent of the British brands will outline its decision as soon as this week, said the people, declining to be named discussing non-public information. Tata previously considered building its battery site in Spain, but a decision in favor of the UK will help to secure the future of JLR’s plants in its traditional home market. The cell factory will have an eventual capacity of 40 gigawatt hours, enough to supply roughly half a million vehicles per year depending on the size of the batteries.
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