Licensing round launched for new North Sea oil and gas projects October 7, 2022 The latest licensing round for oil and gas projects has been launched, paving the way for new developments in the North Sea.
City Moves: Who’s switching jobs in the Square Mile? October 7, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Atrato Alternatives asset management and advisory group Atrato has poached its latest director from abrdn to help oversee the supermarket investment fund management team. Ollie Mottram, who most recently held the position of transactions maager at abrdn, [...]
Sweden confirms detonation caused ruptures across Nord Stream pipeline October 6, 2022 Sweden's investigation of the Nord Stream pipelines have bolstered suspicions of "gross sabotage" involving detonations.
FCA slaps City broker with £531,000 fine over missing suspicious transactions October 6, 2022 The Financial Conduct Authority (FCA) has slapped City stock broker Sigma with a £531,000 fine after it failed to identify 97 suspicious transactions. The watchdog also found the firm guilty of inadequately reporting 56,000 contracts for difference – an insurance tool used by market participants – between December 2014 and August 2016. Both former and [...]
It will (probably) be alright: National Grid says winter blackouts are ‘unlikely’ October 6, 2022 The UK should avoid blackouts this winter, according to the National Grid, with sufficient supplies available to meet Brits' energy needs.
Exclusive: Manufacturing sector lacks clear data for net zero drive October 6, 2022 A lack of shared reporting standards for carbon emissions across industry could jeopardise the UK’s net zero ambitions.
Peloton slashes 500 more jobs as it pins hope on turnaround plan October 6, 2022 Peloton said it plans to slash 500 more jobs, as chief executive Barry McCarthy gives the company six months to turn its run of bad luck around. The dramatic move knocks about 12 per cent from the exercise bike maker’s headcount to roughly 3,800 employees globally, and adds to the tide of staff cuts that [...]
MPs set to scrutinise ESG industry amid greenwashing concerns October 6, 2022 MPs are set to scrutinise the environmental, social and governance (ESG) investing industry next week amid growing concerns of 'greenwashing'.
UK likely to avoid blackouts this winter with LNG boost, says National Grid October 6, 2022 The UK should have sufficient gas supplies to meet its energy needs this winter, revealed the National Grid, despite fears over blackouts.
Halma inks second multi-million deal of the week after upbeat financial year October 6, 2022 British safety equipment company Halma has bought a German electricals safety testing company for around £50m, in its second acquisition announcement of the week following an upbeat financial year. The London-listed group bought Wertheim-based WEETECH on a cash and debt-free basis, which will play an critical role in addressing the challenge of energy transition and [...]