UK Firms

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

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

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

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

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

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

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

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

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

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

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

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

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

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 .

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.

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

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

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

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

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