Conservative MPs set to veto Owen Paterson’s parliament suspension November 3, 2021 Tory MPs are expected to veto the recommended 30-day parliamentary suspension of former cabinet minister Owen Paterson today and instead hand his case to a Conservative-led panel. Parliament will vote on the North Shropshire MP’s fate today, with his backers in the Tory party attempting to table a series of amendments to stop the 30-day [...]
Ethereum notches another all-time high November 3, 2021 Ethereum - the world's second-largest cryptocurrency - yesterday posted another new all-time high, rising to $4,643.
NFTs set to fund new cryptocurrency movie November 3, 2021 The team behind the film Coinrunners is looking to enlist the help of NFT fans and collectors as it launches a unique NFT collection to fund the development of the crypto-focused Hollywood movie.
Quilter announces £1bn net inflows in quarterly update – CityAM : CityAM November 3, 2021 Quilter, a British wealth management company, has today announced robust third quarter results with net inflows of £1bn, ten times that of the same period last year. Following the quarterly results for the three months ended 30 September 2021, Quilter’s year-to-date net inflows stand at £3bn, almost triple that of £1.1bn in 2020. Also Read: Waverton [...]
Trainline delivers strong recovery as passenger numbers go up – CityAM : CityAM November 3, 2021 Rail and coach technology platform Trainline has recovered strongly in the first six months of FY22, with revenue going up 151 per cent to £78m. The group’s net ticket sales have grown 179 per cent to £1bn, recovering 79 per cent of pre-pandemic times, the highest level since Covid-19 began. Trainline performed well also in [...]
Cop26: Sunak to force all UK financial firms to publish net-zero transition plans November 2, 2021 The UK’s financial institutions and listed firms will soon have to publish strategies on how they will transition to net-zero by 2050 as Rishi Sunak today unveiled his plan to make Britain the world’s first “net-zero financial centre”. The chancellor today said great efforts have been made to “rewire the entire global financial system for net [...]
BlackRock CEO tells COP26: ‘We need to change finance’ – CityAM : CityAM November 2, 2021 Blackrock CEO and chairman Larry Fink rallied for more public-private investment in emerging markets’ climate infrastructure today, after the world’s largest asset manager raised a target-beating $673m fund to do exactly that. The asset management giant secured backing from the French, German and Japanese governments as part of the fundraise, which was oversubscribed and exceeded [...]
Cop26: Boris Johnson pushes China for ‘more progress’ on its climate commitments November 2, 2021 Boris Johnson has called on China to make “more progress” on its climate change commitments at Cop26, while urging the country to commit to peaking its Co2 emissions before 2030. Johnson said as world leaders began to leave the United Nations summit in Glasgow today that “we’re keeping the pressure up” on China to commit [...]
Business travel to reach two thirds of pre-pandemic levels by 2022 – CityAM : CityAM November 2, 2021 Business travel spending is expected to rise by more than a quarter, reaching two thirds of pre-pandemic levels by 2022. According to a report made by the World Travel and Tourism Council (WTTC) and McKinsey, this year’s 26 per cent rise in global travel spending will increase in 2022, going up by 34 per cent. [...]
Cop26: Boris Johnson calls for end to ‘great chainsaw massacre’ in wake of deforestation deal November 2, 2021 Boris Johnson has called for an end to the “great chainsaw massacre” in the wake of a landmark deal signed yesterday by world leaders to reverse deforestation. Johnson said at the United Nations’ Cop26 climate summit today that the deal is “not just a vital win in the struggle to contain global temperature increases, it [...]