Exclusive: Younger users shun banks over weak sustainability performance March 30, 2022 Young people are shunning banks with weak environmental credentials as demand for sustainability in financial services swells, new data has revealed.
Standard Chartered to end coal financing by 2032 March 29, 2022 Asia-focused UK lender Standard Chartered said it will end legacy coal financing for its clients by 2032 as it looks to sever its remaining financial ties with the fossil fuel.
Liontrust to scoop up Majedie for £51.4m discount after share price plunge March 29, 2022 London-based asset manager Liontrust will scoop up Majedie Asset Management for £51.4m below the price originally proposed for the deal in December, after the firm’s share price plunged in recent months
Why agriculture holds the key to tackling water waste March 29, 2022 | City Talk Water is a precious resource. Ensuring we have enough water for a growing global population in a time of climate change is one of the most important challenges of our time. But in our view it’s impossible to talk about water without also talking about food. Agriculture uses 65% of the world’s fresh water, but [...]
AIG lines up IPO for retirement division as it inks $150bn deal with BlackRock March 29, 2022 US insurance giant AIG is lining up an IPO for its life insurance and retirements business which is expected to fetch a valuation of more than $20bn.
Credit Suisse slashes Russian exposure as lawmakers probe sanction compliance March 28, 2022 Scandal-stricken bank Credit Suisse has announced it will stop pursuing new business in Russia and slash its current exposure to the country, as it comes under fire from US lawmakers over potential breaches of sanctions rules.
Cornish Metals gets £40.5m backing to revive tin production March 28, 2022 Cornish Metals has bagged a £40.5m funding injection as it looks to revive tin production at one of the county’s iconic tin mines.
Private equity giants snap up women’s health firm Theramex for £1.2bn March 28, 2022 Investment giants Carlyle Group and PAI Partners have agreed a deal to snap up women’s pharma business Theramex from CVC Funds as they look to accelerate the firm's growth plans.
Scottish Widows slashes $2bn of tobacco and coal investments over ‘stranded assets’ fears March 28, 2022 Pensions giant Scottish Widows has announced it will scrap nearly $2bn of tobacco and coal investments over fears that they will become “stranded assets”, as investors and consumers increasingly shun the sectors.
Exclusive: Top property platforms launch trade body to combat misleading investor information March 28, 2022 A group of top property investment platforms have launched a trade body today to combat the spread of misleading investment information, ahead of a predicted flood of funding from retail investors into the space.