University pension scheme lays out climate targets but comes under fire for lack of ambition February 14, 2022 The UK universities’ pension scheme has set a series of new carbon reduction targets to reduce emissions in its investments portfolio, as pressure grows on pension funds to decarbonise their investment strategies.
JD Sports and Footasylum hit with £5m fine following covert car park rendezvous February 14, 2022 city watchdog has slapped sports retailers JD Sports and Footasylum with a £5m fine after the firms’ bosses conducted covert meetings to discuss a blocked takeover, it has revealed.
Stationery start up Papier raises $50m to fuel global expansion February 14, 2022 London-based stationery startup Papier has secured a $50m funding round as it looks to fuel a global expansion plan, the firm announced today.
Spotify and Amazon consider takeover bids for podcast platform Audioboom February 13, 2022 Spotify and Amazon are considering takeover bids for London-listed podcasting platform Audioboom which has enjoyed a boom in revenues through the pandemic, according to reports.
Morrisons’ owners look to ease fears of a shift away from traditional business model February 13, 2022 The private equity owners of Morrisons have looked to ease investors’ fears that they would renege on commitments to the firm’s traditional business model, as they face a mounting interest bill from loans.
Mark Zuckerberg and team consider shutting down Facebook and Instagram in Europe if Meta can not process Europeans’ data on US servers February 10, 2022 If Meta is not given the option to transfer, store and process data from its European users on US-based servers, Facebook and Instagram may be shut down across Europe, the social media giants’ owner reportedly warned in its annual report. The key issue for Meta is transatlantic data transfers, regulated via the so-called Privacy Shield [...]
Legal & General agrees £370m buy-in with Heathrow pension scheme February 10, 2022 Life insurance and pensions firm Legal & General has announced a £370m ‘buy-in’ with London Heathrow’s pension scheme to shore up the savings of more than 1,400 savers.
Brookfield weighs up blockbuster listing for asset management business February 10, 2022 Toronto-based investment giant Brookfield Asset Management is looking to spin-off its asset management business in a blockbuster listing that could value the new firm at $75bn.
Klarna eyes up $60bn valuation with new funding round February 10, 2022 Buy now pay later (BNPL) giant Klarna is eyeing up a new funding round that could see its valuation jump to $60bn (£44bn) as it looks to fund an expansion.
Tech leaders push for UK listings overhaul as Arm heads toward New York float February 9, 2022 Tech leaders have called on government to ramp up efforts to overhaul listings rules after the owner of British chipmaker Arm indicated it would shun the London Stock Exchange in favour of a New York listing.