Legal & General Investment Management joins Shell’s shareholder rebellion May 24, 2021 One of London’s oldest fund managers, Legal & General Investment Management (LGIM), has been revealed to have joined the shareholder rebellion today against Shell’s climate strategy last week, according to reports. Saying that the energy giant’s plans lacked credibility and the ambition needed to tackle climate change, LGIM voted against Shell’s climate transition targets, the [...]
New report urges UK and US to lead the world in climate-related financial services regulation May 24, 2021 | City Talk UK and US regulators need to urgently increase collaboration to support the development of global standards in climate-related financial services regulation, according to a newreport launched today [24 May] by the City of London Corporation. Data, Direction, Dialogue: opportunities for UK-US collaboration on climate-related financial services regulation presents a series of opportunities and recommendations for UK and [...]
Ofgem invests £300m into EV charge points, with £40bn more to come May 24, 2021 The Office of Gas and Electricity Markets, also known as Ofgem, has invested £300m into expanding the UK’s electric vehicle (EV) charging network today, to push the pedal on the country’s low carbon future. In the bid for net zero, the non-ministerial government department has put money behind the electric vehicle sector, to instal [...]
Super sniffers: Trained dogs could spot Covid with 94 per cent accuracy May 24, 2021 Trained dogs can detect the smell of Covid-19 with up to 94 per cent accuracy, new research has suggested, which could be a major breakthrough in testing. The study by the London School of Hygiene and Tropical Medicine (LSHTM), has not yet been peer-reviewed but showed dogs were able to sniff out samples from people who [...]
Black Lives Matter activist in ‘critical condition’ after being shot in the head May 24, 2021 A Black Lives Matter activist has been left in critical condition after being shot in the head in London on Sunday morning. Sasha Johnson, a member of the Taking Initiative Party and mother-of-three, had received ‘numerous’ death threats before the incident in Peckham. “It is with great sadness that we inform you that our own [...]
CBI: Bold changes needed after pandemic to transform the UK into trading powerhouse May 24, 2021 CBI: Bold changes needed to transform UK into trading powerhouse
Greater London has highest levels of pollution, with Portsmouth ranked best May 21, 2021 Greater London has the worst levels of air pollution, according to Defra’s Daily Air Quality Index, which is set to rise as lockdown restrictions ease and the capital renews itself as a tourism hub. The capital has been ranked a score of 2.84 on the index. While the average score for the UK’s urban areas [...]
Sunday Times Rich List: Who are the UK’s wealthiest women? May 21, 2021 The lack of women in the boy’s club of billionaires was loud and clear in the Sunday Times Rich List released, so where and who are the UK’s wealthiest women? Bet365’s Denise Coates, who leads the online gambling company after re-mortgaging her father’s chain of betting shops to raise the cash to expand her website, [...]
Single-use plastic bag charge to double, with all shops adopting the tariff May 21, 2021 The extra charge for single-use plastic bags is set to double today, as the charge extends to all businesses in Britain. What was a 5p charge for a single-use carrier bag yesterday, will be 10p from today – and comes as pent-up demand pushes shoppers back to high streets. While it used to be only [...]
BoE eyes a climate-conscious corporate bond purchase scheme May 21, 2021 The Bank of England (BoE) has tabled plans to make its £20bn of corporate bonds better aligned with government net zero targets today. Set to begin later this year, the bank will not immediately sell off bonds issued by businesses that have high carbon emissions, such as energy and oil firms. “Divestment is a powerful [...]