The UK will support a workshop in South Africa, scheduled to be observed in September, as an attempt to develop better co-operation between countries where rhinos are poached and countries indulged in the trade of their horns.
During last September, it issued a warning that it would be refusing almost all applications to export such items from the UK soon after the report when UK's Animal Health agency depicted a rise in the number of rhino horn products being sold through auction houses in the country.
Following worries over devastating situation of European economy, London’s leading share index booked a profit on Monday morning trade. It has been reported that the FTSE 100 Index was 68 points higher at 5109.5 on Monday, after closing 1% down on Friday and experiencing its biggest points fall in nearly three years on Thursday.
It seems that after British banks Barclays and HSBC, the second-biggest Swiss financial services firm, Credit Suisse has come out to boot out employees to sustain annual loss. It has been confirmed that out of about 20 people in Credit Suisse's India wealth management unit, 12 would be shown the door.
According to reports, Standard Chartered PLC’s Chairman, Jon Peace, while talking at press conference announced that by implementing the right plans for Asia, Africa and the Middle East, in first-half, the bank was able to extend its profits figures to 20% and after the increase, UK’s net profits also recorded mount of $2.52 billion.
The report further claimed that due to increased business interest rates, along with Indian revenues, which fall by 12%, business profit also dropped by 39%.
On one hand, Chief Executive of News Corp, James Murdoch will be facing the anger of the UK parliament on Tuesday, on the much controversial issue of phone-hacking. On the other hand, Rupert Murdoch‘s popularity still maintained in the media market of Australia.
The UK based communication offerings and services provider company, BT, has launched its New Delhi Technology showcase facility to enhance service delivery capabilities to back multinational companies who have reserved a secure place for their business in Indian market and in rest of the region as well to help Indian corporations operate in other parts of the world.
British car manufacturer Bentley has rolled out a 4-seater coupe of its Continental GT luxury sedan at a price of Rs 1.9 crore (ex-showroom , Delhi).
Chris Buxton, regional director for Bentley's Middle-East, Africa and India operations stated, "India is growing fast in the luxury automobile space. We hope to achieve a sales figure of 100 units here from our entire range by next year."
Spanish banking giant Santander, has announced that it plans to cut down 1,900 jobs in its three British arms in the coming year.
Earlier this year, Europe's second-biggest bank, Santander has acquired two banks .
According to reports, the company’s third quarter net profit rose 4.3 per cent to 2.2 billion euros.
CRISIL, a leading credit rating agency, has decided to sell 90% of its equity stake in its United Kingdom arm, Gas Strategies Group (GSG).
According to sources, the company would sell the stake to the management team of its UK arm.
The sources further disclosed that the remaining 10% stake will be hold by CRISIL.
Gas Strategies Group offers consulting, training and information services for the worldwide gas and liquefied natural gas (LNG) business.
Tata Elxsi, a leading Bangalore based information technology conglomerate has announced that it proposes to set up Design studio in UK
According to the sources, this design studio will offer a range of high value services to clientele in the European region with a worldwide perspective.
The sources further revealed that this is the first of a network of global design studios, which will connect into IDE, the industrial design division of Tata Elxsi in Bangalore.