Baillie Gifford-run trust ditches £20m Rio Tinto stake over ESG concerns July 3, 2024 An investment trust run by Scottish asset manager Baillie Gifford has ditched its £20m stake in Rio Tinto, calling out the mining giant for inadequate ESG practices.
FTSE 100 today: London markets to open higher on rate cut wagers July 3, 2024 Asian stocks surged on rate cut expectations, with the yen near 38-year lows. Focus on Fed minutes, ISM services PMI, and UK elections.
Russian gas flooding Europe: New government should “seize the opportunity” to close loopholes in sanctions regime, warns lawyer July 2, 2024 A British business that trades in Russian liquefied natural gas by operating an "unusual ship", has not been breaching the sanctions put in places after the Russian invasion into Ukraine
FTSE 100 today: London markets to open lower on weak Asian cues, focus on elections July 2, 2024 Asian markets mixed amid Trump re-election speculation, yen near 38-year low; Eyes on French election deadline and US Jolts.
Ineos Energy favours US and Denmark expansion as Britain puts ‘pain’ on industry July 1, 2024 The chief executive of Ineos Energy has said the business will prioritise expansion in the US and Denmark over Britain, arguing that the country's politicians have put "pain" on the oil and gas sector.
FTSE 100 today: London markets to trade cautiously ahead of July 4 election July 1, 2024 Asian stocks mixed, euro strengthens on French election, yen weakens post-Japan GDP downgrade; focus on French, UK elections, US jobs data.
Ovo Energy mulls sale as bankers set to be brought in June 30, 2024 Ovo Group, the UK's fourth largest energy supplier, may be bringing in bankers to explore possibilities including new investors or a sale.
Thames Water warns ageing assets could ‘pose a risk to public safety’ June 28, 2024 Thames Water has warned that it has £19bn in assets that could "pose a risk to public safety" in a report to Ofwat outlining the embattled water supplier's five year business plan.
FTSE 100 today: London markets to trade cautiously ahead of US PCE inflation June 28, 2024 Asian stocks rose ahead of US inflation data; the yen fell to 161/$, London markets eye UK Q1 GDP for direction.
General Election 2024: Can Labour really hit net zero? June 27, 2024 With the election just one week away, Labour’s pledge to “make Britain a clean energy superpower” has sparked a debate on whether or not their net zero scheme is actually achievable. Sir Keir Starmer revealed that Labour’s transition team is considering setting up an office for Net Zero, should they win the election, in order [...]