Activist investor Icahn pushes for pig policy shakeup at McDonald’s with new board members February 21, 2022 Activist investor Carl Icahn is pushing for a shake up of McDonalds’ pig sourcing policy as he looks to end the practice of keeping pregnant pigs in small crates in the fast food giant’s supply chain.
PrimaryBid gets backing from SoftBank in $190m funding round February 21, 2022 London-based retail investment platform PrimaryBid has today closed a $190m funding round as readies to ramp up its growth across Europe and the US.
Disbelief Home Office is scrapping ‘Golden visas’ for wealthy foreign as scheme raked in £17bn February 21, 2022 Industry experts have responded with disbelief to last weeks’ news that the Government is set to scrap a visa scheme that offers investors fast-track residency in the UK as ministers come under mounting pressure to sever economic ties with Russia. The fast-track investor scheme, introduced in 2008, was designed to tempt wealthy investors from outside [...]
Lotus eyes up IPO to supercharge production February 21, 2022 Iconic British car maker Lotus is heading towards a multi-billion pound floatation as it readies to open a new production plant in China and targets 100,000 sales a year by 2030.
Blavatnik’s firm pumps $4.3bn into sports media group DAZN February 19, 2022 Billionaire investor Sir Len Blavatnik has announced a $4.3bn capital injection into sports media firm DAZN as the firm eyes an expansion into betting, gaming and NFTs.
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, [...]