SRI investing and Islamic finance: the same but different December 17, 2019 | City Talk Sustainable, responsible, and impact (SRI) investing and Islamic finance share similar origins and aspirations. Yet for the most part, these two modes of finance have existed as distinct approaches in parallel worlds. Common to both is an ethical underpinning that puts stewardship and societal value creation at the forefront of finance. CFA Institute has recently [...]
Unilever shares slip on warning full-year sales growth will miss expectations December 17, 2019 Unilever has warned this morning that it will miss sales growth expectations this year due to challenging trading environments in some of its largest markets. The consumer goods giant’s share price fell more than five per cent after it said full-year underlying sales growth is expected to be below three per cent, and warned that [...]
Ted Baker shares dip as long-serving director exits December 17, 2019 Ted Baker’s share price dipped this morning after the retailer announced a long-serving board member will step down just a week after the firm’s chief executive and chairman quit. Shares slumped more than five per cent after the embattled fashion brand announced that non-executive director Ron Stewart has left with immediate effect after nine years. [...]
Boeing halts production of 737 Max planes December 17, 2019 Boeing has announced that it will halt production of its grounded 737 Max jet in January, after the US aviation regulator said it would not approve the aeroplane’s return to service before 2020. The decision was made by Boeing’s board last night following a two-day meeting in Chicago. Read more: Boeing 737 Max: Grounding could [...]
Tube delays: Central, District and Circle Lines suffer rush hour misery December 17, 2019 Commuters were left to endure a torrid rush hour journey to work this morning after Tube delays hit three Underground lines. A signal failure at Aldgate and an earlier one at Hammersmith have brought the Circle Line to a halt in the anti-clockwise direction, as well as running with minor delays the other way. Read [...]
Distribution giant Bunzl buys Australian emergency supplies firm December 17, 2019 Distribution giant Bunzl has acquired an Australian emergency response supplies business, the company announced this morning, as it confirmed that its full-year expectations remain unchanged. The London-based company said it had bought Fire Rescue Safety Australia (FRSA) – which serves government departments and mining sector companies – bringing the total amount spent on acquisitions this [...]
Trainline revenue surges to £198m on £2.9bn ticket sales December 17, 2019 Trainline enjoyed a 26 per cent jump in revenue in the first nine months of its current financial year, it revealed today. The ticket-booking app saw total group revenue hit £198m after international income soared 90 per cent year on year to £20m and UK consumer revenue leapt 31 per cent to £133m. Read more: [...]
Why high street discounts are a dangerous drug December 17, 2019 Retailers love to brag about breaking records, but one they won’t be cheering this Christmas is the prediction that price cuts could potentially top 50 per cent for the first time ever. Amid a fierce fight to woo last-minute shoppers into their stores, high street chains are once again turning to a festive sales bonanza [...]
How Boris Johnson became the heir to Blair December 17, 2019 Politics is the art of winning and keeping power. New Labour understood this. They were the greatest election-winning machine of modern times. But to the Corbynistas (Old Bennite Labour revived), New Labour are the enemy of true socialism. Jeremy Corbyn’s Labour want nothing to do with New Labour’s people, policies, or campaigning techniques. Unfortunately for [...]
Pension funds are putting more money into property debt December 17, 2019 When the Alternative Credit Council recently predicted that the global private debt market will be worth in excess of $1 trillion by the end of 2020, some might have called the claim a little audacious. Only seven years ago, less than £1 in every £10 lent in the UK came from an alternative lender. Today, [...]