Business Standard

Uk Firms

Britain approves $19 billion merger between Vodafone UK, Three mobile

Vodafone and Three have committed to spend $14 billion to build a better 5G network that will serve 50 million customers, including the subscribers of Vodafone's network partner Virgin Media O2

Britain approves $19 billion merger between Vodafone UK, Three mobile
Updated On : 05 Dec 2024 | 2:11 PM IST

UK regulator fines Barclays $51 mn after it drops Qatar dealings appeal

The interests of the bank, its shareholders and other stakeholders were best served by the withdrawal, Barclays said, adding that there was no material financial impact from the fine

UK regulator fines Barclays $51 mn after it drops Qatar dealings appeal
Updated On : 25 Nov 2024 | 5:19 PM IST

UK consumer spending slowed before last week's budget, say retailers

The British Retail Consortium said spending in shops increased by 0.6 per cent in annual terms in October, below September's 2.0 per cent growth and the weakest rise since July

UK consumer spending slowed before last week's budget, say retailers
Updated On : 05 Nov 2024 | 9:50 AM IST

UK classic sports cars startup RBW EV Cars launches supplier business

CEO Swain said RBW aimed to make 300 of its own-brand EVs annually, and also produce up to 3,000 EV systems for other automakers via its Spirit EV unit

UK classic sports cars startup RBW EV Cars launches supplier business
Updated On : 25 Oct 2024 | 9:31 AM IST

Reliance partners with UK's Mothercare to strengthen presence in South Asia

Reliance Brands, a unit of Reliance Industries Ltd, acquired a 51 per cent stake in the JV that owns the Mothercare brand and related intellectual property

Reliance partners with UK's Mothercare to strengthen presence in South Asia
Updated On : 17 Oct 2024 | 11:13 PM IST

Tata Steel CEO Narendran says want to move fast on UK decarbonisation

Chinese exports of steel into India were a 'growing concern,' Narendran said, as India turned net importer in the fiscal year that ended in March

Tata Steel CEO Narendran says want to move fast on UK decarbonisation
Updated On : 30 May 2024 | 8:00 PM IST

Marks & Spencer posts 58% rise in profit as turnaround plan delivers

Sales rose 9.4% to 13.1 billion pounds, with food sales up 13.0% and clothing and homewares up 5.3%

Marks & Spencer posts 58% rise in profit as turnaround plan delivers
Updated On : 22 May 2024 | 5:30 PM IST

UK firms expecting hard time in China over next 5 years, warns lobby group

British business confidence is further constrained by growing risk of increased trade tensions due to a complex geopolitical environment, it added

UK firms expecting hard time in China over next 5 years, warns lobby group
Updated On : 22 May 2024 | 9:43 AM IST

Diageo names Nik Jhangiani as new CFO as it recovers from profit warning

Diageo shares rose by more than 1.5% in early trading, outperforming the FTSE 100 index

Diageo names Nik Jhangiani as new CFO as it recovers from profit warning
Updated On : 03 May 2024 | 1:58 PM IST

UK's Thames Water faces new crisis as shareholders refuse to invest

The group has become a poster child for the failures of privatisation, after its performance deteriorated in the 2010s when its previous investors took out huge dividends

UK's Thames Water faces new crisis as shareholders refuse to invest
Updated On : 28 Mar 2024 | 1:41 PM IST

BAT likely to sell 3.5% stake in ITC for Rs 17K crore on Wednesday

British firm will use the proceeds of block trades to buy back own shares

BAT likely to sell 3.5% stake in ITC for Rs 17K crore on Wednesday
Updated On : 12 Mar 2024 | 11:19 PM IST

UK minister to discuss progress of 'ambitious' trade deal in India

Britain's minister for South Asia in the Foreign, Commonwealth and Development Office, Lord Tariq Ahmad, arrived in India on Wednesday to participate in the Raisina Dialogue in New Delhi and also discuss the progress made in the ongoing negotiations for an India-UK free trade agreement (FTA). Ahmad, FCDO Minister of State for the Middle East, South Asia, UN and the Prime Minister's Special Representative on Preventing Sexual Violence in Conflict, leads the British delegation to the flagship foreign policy conference to reaffirm the UK's commitment to upholding a free and open Indo-Pacific region. His visit to India comes as Commerce Secretary Sunil Barthwal leads a team from India to London to carry forward the fourteenth round of talks with UK officials this week. "The UK and India continue to work towards an ambitious trade deal. While we do not comment on the details of live negotiations, we continue to actively engage with India and are clear that we will only sign a deal that i

UK minister to discuss progress of 'ambitious' trade deal in India
Updated On : 22 Feb 2024 | 1:06 AM IST

Crime wave a $4.2 bn headache for UK retailers amid 50% rise in violence

Violence and abuse against UK shop workers rose by 50% to 1,300 incidents a day while instances of theft grew to more than 45,000 daily

Crime wave a $4.2 bn headache for UK retailers amid 50% rise in violence
Updated On : 15 Feb 2024 | 12:49 AM IST

Super sports car segment in India to grow by 30% in '24: McLaren Automotive

British luxury carmaker McLaren Automotive on Friday said it is expecting the super sports car segment in India to register 30 per cent growth this year. McLaren is also looking to deliver about 20-odd cars to customers in India after witnessing a blip last year owing to supply chain issues. Earlier the company, which entered the Indian market in November 2022, unveiled its super sports car the 750S, priced at Rs 5.91 crore. Built at the McLaren Composites Technology Centre (MCTC) in Yorkshire, UK and imported as a completely built unit, 750S is the lightest and most powerful series-production from the company, achieving 0-200kms/hour in 7.2 seconds (Spider 7.3 seconds), as per the company. "This segment (the cars, which are priced upwards of Rs 4-5 crore) has also seen a healthy growth last year. I think post-Covid, 2021 was kind of a startup year (from the volume's perspective) and then 2022 was a good year. "While the year 2023 was better and we're thinking 2024 will be still .

Super sports car segment in India to grow by 30% in '24: McLaren Automotive
Updated On : 12 Jan 2024 | 7:31 PM IST

British firm Arm lays off over 70 engineers in China, relocating roles

Arm Holdings Plc has recently laid off over 70 software engineers in China though it will relocate some of the roles outside of the Asian nation, according to people with knowledge of the move.

British firm Arm lays off over 70 engineers in China, relocating roles
Updated On : 18 Dec 2023 | 6:45 PM IST

Ex-Barclays Bank chief Staley banned from senior UK finance roles

Britain's financial regulator said on Thursday that it fined Barclay's former chief executive Jes Staley 1.8 million pounds (USD 2.2 million) and banned him from holding senior financial roles for misleading it over the nature of his relationship with the late sex offender Jeffrey Epstein. The Financial Conduct Authority said in a statement that Staley, a US citizen, had recklessly approved a letter sent by Barclays to the FCA, which claimed the bank's former boss did not have a close relationship with Epstein. But in email messages, Staley described Epstein as one of his deepest and most cherished friends, according to the regulator. A CEO needs to exercise sound judgement and set an example to staff at their firm," said Therese Chambers, joint executive director of enforcement and market oversight at the FCA. Staley failed to do this. We consider that he misled both the FCA and the Barclays board about the nature of his relationship with Epstein. As a result, Chambers said it is

Ex-Barclays Bank chief Staley banned from senior UK finance roles
Updated On : 12 Oct 2023 | 8:22 PM IST

Strengthening ties: British companies in India register strong growth

As many as 147 companies have met the qualifying criteria and have been featured in the BMI Growth Tracker

Strengthening ties: British companies in India register strong growth
Updated On : 05 Oct 2023 | 11:10 PM IST

Tata Steel investment positive for UK ops, but stock has not moved much

The company will also have to consult unions and other stakeholders during this process and that could take up to two months

Tata Steel investment positive for UK ops, but stock has not moved much
Updated On : 18 Sep 2023 | 10:06 PM IST

Tata Steel signs 500 million pound-deal with UK govt for Port Talbot plant

Tata group chairman, N Chandrasekaran, said the agreement with the UK Government was a defining moment for the future of the steel industry and indeed the industrial value chain in the UK

Tata Steel signs 500 million pound-deal with UK govt for Port Talbot plant
Updated On : 15 Sep 2023 | 11:20 PM IST

UK government to hold world's first summit on AI safety in November

UK Foreign Secretary James Cleverly said that no country will be untouched by AI and an international approach in the interconnected world

UK government to hold world's first summit on AI safety in November
Updated On : 25 Aug 2023 | 7:37 AM IST