FTSE 100 closes higher as tech stocks boost Wall Street May 24, 2021 London’s FTSE 100 closed higher this afternoon after posting its second straight weekly drop, as oil majors provided the biggest boosts to the index. Wall Street also opened higher as tech stocks showed signs of bouncing back from a poor month. The blue-chip index advanced 0.5 per cent over the dat’s trading, buoyed by gains [...]
Retirement villages may offer high streets their needed post-pandemic revival May 24, 2021 Retirement village provider Audley Group and BlackRock Real Assets have embarked on a £500m joint venture into the retirement living sector in the UK, which could bring high streets the much-needed footfall for post-pandemic revival. The joint venture, confirmed yesterday, will fund the development of at least three retirement communities, which will be ready for [...]
Luxury Mayfair hotel project at former US embassy lands £450m green loan May 24, 2021 The developer behind plans to build a new luxury hotel on the site of the former US embassy in Mayfair has secured a £450m green loan to finance its construction. Building work began this year on Chancery Rosewood, a 139-room luxury hotel and retail site in Grosvenor Square. Qatari Diar, the real estate division of [...]
London shopper numbers surge as return of indoor dining drives up trips to city centre May 24, 2021 shopper numbers surge as return of indoor dining drives up trips
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