BP and Shell join forces as part of a consortium to trade energy on blockchain November 6, 2017 Energy companies BP and Royal Dutch Shell have announced they will join forces to create a blockchain energy trading platform. The announcement confirms long-running speculation blockchain could play a major part in the future of the industry, as firms including BP ran their own trials with the technology. A consortium has been assembled, led by [...]
Sam Torrance: Faltering Race To Dubai leader Tommy Fleetwood must forget what’s at stake and play like it’s the first week of the season November 6, 2017 As we head into the final fortnight of the European Tour season the Race To Dubai is still up in the air. Justin Rose’s back-to-back wins mean that he is now just 134,838 points behind Tommy Fleetwood and unless the leader can produce an enormous performance this week in South Africa then the tussle for [...]
Business groups give Corbyn the thumbs down after CBI speech November 6, 2017 Labour leader Jeremy Corbyn’s overtures to the business community have fallen on deaf ears this morning, with industry groups warning his policy pledges would undermine economic growth. Speaking at the annual CBI conference, Corbyn reiterated Labour’s plans to create a National Investment Bank and a National Education Service, and talked of “investing” in transport, energy [...]
Lotus Evora GT430 review: The first Lotus to break £100k has the racing chops to justify its price tag November 6, 2017 This summer, Lotus became part of the same family as Volvo and the London Taxi Company. It made a deal with Zhejiang Geely Holding Group, hoping the Chinese company can work the same magic on its Norfolk cars as it did on Volvo. Jean-Marc Gales, the ever-enthusiastic Frenchman responsible for turning a profit at Lotus [...]
Shefa Yamim to list in London after finding sapphires and rubies in Israel November 6, 2017 Israeli precious stones company Shefa Yamim announced its intention to list in London today as it gears up to go ahead with its first big project. The company primarily operates in Northern Israel, where it has carried out extensive exploration and bulk sampling, recovering sapphires, rubies and moissanite crystals. The company has even registered one [...]
Convatec shares recover as UBS upgrades colostomy bag maker after its stock hit a record low on the London Stock Exchange November 6, 2017 FTSE 100 medical supplies maker Convatec has bounced back today after its shares hit a record low on Friday. Shares in the colostomy bag manufacturer led the blue chip risers, climbing almost 5.9 per cent to 192.7p. Renewed fears that it could lose out to Danish rival Coloplast pushed the price down to a record [...]
Ford VP Stephen Armstrong and BT Group chief executive Gavin Patterson warn over Brexit transition deal ‘certainty’ November 6, 2017 Bosses of Ford and BT have today ramped up their warnings over the need for clarity on Brexit, identifying early next year as the point of no return for a transition deal to be struck. Steven Armstrong, vice president of EMEA for Ford, said although the auto firm was “the poster boy” for globalisation it [...]
Bank of England: Interest rates, Mark Carney, Monetary Policy Committee and the economy November 6, 2017 Last week’s Q3 economic growth figure of 0.4 per cent saw Sterling shoot up by 1 per cent against both the Dollar and the Euro. It was a predictable response from currency markets, which bought the Pound in the belief the better than forecast number made an interest rate hike a foregone conclusion. And markets [...]
Church of England says it may sell out of mining stocks unless they clean up their acts November 6, 2017 The bodies in charge of the Church of England’s investment strategy have warned they may sell up their holdings in miners, unless the companies in question commit to changing how they do business. In a new policy launched by the Church’s National Investing Bodies (NIBs), which include the Church Commissioners, the Church of England Pensions [...]
Time for crowdfunding platforms to get serious about transparency November 6, 2017 The patient capital review consultation may have closed in September, but debate around it has not. As November’s Budget fast approaches and Brexit uncertainty worries business, the political emphasis for encouraging Britain’s budding entrepreneurs and high-growth firms becomes more astute. To date, a good deal of the debate has focused on tax. The investment sector [...]