The sky is the limit: Sustainable aviation does not need to be an oxymoron February 19, 2022 Aviation and sustainability don’t exactly go hand in hand. With aviation responsible for approximately 2.5 per cent of the carbon emissions that are warming the planet, according to the International Energy Agency, clearly something needs to be done. “Businesses and consumers alike agree that flying less is vital today than it has been in the [...]
Pandemic impact: The investment decisions of the City’s asset managers will never be the same again February 18, 2022 The global pandemic continues to significantly impact investment strategies among global asset managers, City A.M. has been told A poll of over 140 asset managers and owners representing more than $5 trillion in AUM showed more than a third of investors investment strategies will change this year in response to Covid. The study by Clearwater [...]
Despite £20bn drop in exports, Jacob Rees-Mogg sees no evidence Brexit has hit trade: ‘Evidence is few and far between’ February 17, 2022 Jacob Rees-Mogg, the brand new minister for Brexit opportunities, has said that “Brexit was already a success” and businesses have not been hurt by the UK’s departure from the EU. On the contrary, because when asked whether Brexit had reduced UK trade, Rees-Mogg replied: “I think Brexit has been extremely beneficial for the country.” “I [...]
BlackRock doubles down on oil and gas investments to settle pension fund concerns February 17, 2022 The world’s biggest asset manager BlackRock has backed oil and gas firms and said it wants see the industries succeed as it looks to fend off the risk of being dropped by Texas pension funds.
Post-Brexit immigration ‘unlikely to move the dial on big-picture economic outcomes’ or wages February 17, 2022 A shortage of migrant workers alone is “unlikely” to increase wages in the longer term and the UK’s post-Brexit immigration system “will do little to change the UK’s economic trajectory”, according to the Resolution Foundation. The think tank said its research shows immigration has changed the size and shape of the UK’s workforce in recent decades, [...]
‘Golden visas’ for wealthy foreign investors to be scrapped amid dirty Russian money concerns February 17, 2022 The government is expected to scrap so-called “golden visas” for wealthy foreign investors amid concerns over links between Russia and the UK. Those eligible for the tier one investor visa, launched in 2008, must have at least £2m in investment funds and have a UK bank account. It has been under review due to repeated [...]
Exclusive: UK investors turn to cash savings as financial confidence dips February 17, 2022 Brits are taking a cautious approach to investing in 2022 with the vast majority opting to keep money in cash savings.
Exclusive: Sustainable deodorant firm passes the smell test with £5m funding round February 17, 2022 A personal care start-up that created the UK’s first plastic-free refillable deodorant in 2019 has closed a £5m round led by the founders of Innocent Drinks and LoveFilm.
Arm-owner calls on banks to underwrite $8bn loan ahead of listing February 16, 2022 The owner of British chipmaker Arm is asking banks vying to be part of the firm’s flotation to underwrite a loan of about $8bn, according to Bloomberg reports.
Warren Buffett’s Berkshire Hathaway dumps Visa and Mastercard stock and buys $1bn in Bitcoin fintech Nubank February 16, 2022 Berkshire Hathaway, Warren Buffett’s investment vehicle, has reportedly ditched more than $3bn in stock in payment processor giants Visa and Mastercard. According to a securities filing in the U.S., dated 14 February, the investment giant has sold $1.8bn in Visa shares and $1.3bn in Mastercard stock. At the same time, the company increased its participation [...]