Shell says peak oil has passed as firm sets course for net zero by 2050 February 11, 2021 Oil giant Shell today declared that it had already passed peak oil production as it announced more stringent plans to eliminate carbon emissions by 2050. At its strategy day this morning, the Anglo-Dutch firm said that its oil production had reached its zenith in 2019, and would fall 1-2.0 per cent every year. It also [...]
Tickr: We don’t want to be a socks and sandals, preachy investment platform February 10, 2021 Everyone has something to say about ESG or “impact” investing these days. It has become the go-to buzzword for corporate firms and investment platforms. But unlike platforms that have added socially responsible features, London-based Tickr launched with a sole purpose of “impact investing”. Founded in 2018, Tickr aims to demystify sustainable investing and only offers [...]
Exclusive: Brexit hit to London may top £9.5bn a year without EU financial services deal February 10, 2021 As the heart of the UK's service sector economy, London is in line to lose up to £9.9bn a year if a post-Brexit deal on financial services doesn't protect the City, new research out this morning finds.
Pound sterling touches three-year high against US dollar at $1.38 on vaccine success February 10, 2021 GBP hit a three-year high against the US dollar this morning, with vaccine optimism boostong pound sterling
Totally different? Oil giant to rebrand as Total Energies February 9, 2021 French oil giant Total today said it would change its name as the firm looks to reduce the share of sales it derives from oil products over the next decade. The supermajor will rebrand as Total Energies, it said today, as it seeks to expand its renewable energy presence. Central to this is a plan [...]
Financial markets continue to hang on two Vs: vaccine and virus February 9, 2021 Global equities bounced strongly last week, gaining nearly 5 per cent and more than reversing their losses from the previous week. Stock markets ended the week at new highs and opened again higher yesterday. The market correction ended up lasting no more than a week. “So too did the surge in GameStock which has fallen back [...]
Oil prices hit highest levels in 13 months on back of supply cuts February 9, 2021 A seventh straight session of gains sent oil prices to their highest levels since January 2020 this morning. The rise was driven by a combination of supply cuts by major producers and optimism over a recovery in fuel demand support energy markets. Benchmark Brent crude futures picked up 0.7 per cent to stand at $60.97 [...]
London loses carbon futures trading to Amsterdam, in Brexit hit to City February 8, 2021 Intercontinental Exchange (ICE) today said it will move its trading of European carbon futures and options to its Netherlands-based exchange in Amsterdam from London during the second quarter, in the latest sign of financial activity leaving Britain for the bloc due to Brexit.
US markets surge to a record and FTSE starts the week on a high February 8, 2021 US markets surge to a record and FTSE starts the week on a high
Napster set for London listing after MelodyVR deal February 8, 2021 Napster is reportedly preparing to list in London later this month following the $70m (£53.8m) reverse takeover by startup MelodyVR. Napster will start trading on Aim from 26 February, according to the Guardian, the first time it has ever had its own IPO. Virtual music tech company MelodyVR, which launched in 2018, announced it had [...]