Octopus Energy snaps up collapsed rival Bulb October 29, 2022 Octopus Energy has struck a deal to snap up its collapsed rival Bulb today, ending the period of ‘special administration’ that has seen billions pumped into the firm by the government.
UK banks return to amassing default reserves amid inflation and mortgage crunch October 26, 2022 Barclays said profits had jumped six per cent in the third quarter of the year as it became the latest lender to see performance buoyed by rising interest rates.
DX shareholder moves to oust chair over botched inquiry October 26, 2022 A major shareholder in London-listed logistics company DX Group called for its chair to be ousted today as it accused him of having “severely harmed investor perceptions” in the firm.
Start-ups look to debt after VCs ‘lost discipline’, says Silicon Valley Bank chief October 26, 2022 UK start-ups are leaning on debt to fuel their growth this year as venture capital investors are buffeted by a downturn, having “lost discipline” in a funding frenzy last year, the UK chief of Silicon Valley Bank has said.
Top firms pile pressure on governments for mandatory nature reporting October 26, 2022 Top global firms are piling pressure on heads of state to roll out mandatory nature reporting by 2030 as businesses prepare to gather for COP15 global talks on biodiversity in December.
CMA gives London Stock Exchange green light on Quantile takeover October 26, 2022 The competition watchdog has given the greenlight to London Stock Exchange Group's takeover of compression firm Quantile today after an in-depth investigation did not raise “substantial competition concerns”.
BlackRock raises £4bn for new climate fund amid fossil fuel criticism October 25, 2022 BlackRock said it had raised $4.5bn for a new climate infrastructure fund today as it looks to ramp up investment in the net zero transition amid criticism of its decision to continue backing oil and gas firms.
FCA poised to clampdown on greenwashing with ‘ESG’ curbs October 25, 2022 The UK’s City watchdog has announced a landmark set of measures to police how firms use terms like ‘ESG’ and ‘green’ today as it looks to stamp out rampant greenwashing in the City.
Parliament set to scrutinise pension funds’ controversial LDI strategies October 24, 2022 The debt-fuelled investment strategies at the heart of a crisis in the pensions sector are set to be scrutinised by parliament in order to glean “lessons to be learned”, the Work and Pensions Committee announced today.
UK finance at the ‘front of the peloton’ on climate, says Carney October 24, 2022 UK financial firms are at the “front of the peloton” on setting rigorous climate standards and the rest of the world will follow suit, the former Bank of England governor Mark Carney said today.