Financial services industry is one of the UK’s biggest contributors to climate change May 25, 2021 Financial institutions are under fire for not doing enough to tackle climate change in the UK, despite the recent focus on green financing. UK banks and asset managers were responsible for financing 805m tonnes of carbon in 2019, equivalent to 1.8 times the annual net emissions of the UK as a whole. The research by [...]
UK tells airlines to avoid Belarusian airspace and suspends state carrier’s license over ‘hijacking’ May 24, 2021 The UK has joined a number of other countries in instructing airlines to avoid Belarusian airspace after a commercial flight was intercepted by a fighter jet and diverted to the country to arrest a journalist. Transport secretary Grant Shapps tweeted that he had instructed the UK’s Civil Aviation Authority (CAA) to ask planes to steer [...]
UK is the most digitally advanced country in Europe May 24, 2021 The UK is the most digitally advanced country in Europe after the pandemic accelerated digital adoption, new research shows. A survey of more than 20,000 European citizens by McKinsey reveals 86 per cent of the UK has used ecommerce or online services in the past six months. Some 7m Brits have accessed new digital services [...]
UK warns against holidays in Spain as it now allows Brits in without Covid test May 24, 2021 UK warns against holidays inamber list destinations like Spain as it now allows Brits in without Covid test
Hochschild Mining braces for investor revolt as proxy advisers continue to flex their muscles May 24, 2021 Aston Martin Lagonda and Hochschild Mining are the latest companies to face shareholder rebellions over pay and diversity as activist investors continue to flex their muscles. Hochschild is bracing for a rebellion after shareholder advisory service Glass Lewis told clients to reject its pay report later this week, the Times reported. It’s said to be [...]
HSBC rules out move into crypto market over volatility concerns May 24, 2021 HSBC will not enter the cryptocurrency market, its chief executive has said, amid concerns over volatility and a lack of transparency. “Given the volatility we are not into Bitcoin as an asset class, if our clients want to be there then of course they are, but we are not promoting it as an asset class [...]
HSBC and Barclays call for open banking reform over higher costs May 24, 2021 UK banks are reportedly unhappy with the high costs associated with open banking reforms which force them to share data with rivals in a bid to increase competition. Open banking is the UK’s implementation of the EU’s revised directive on payment services, which was introduced in 2015. UK regulated banks are required to let customers [...]
ENRC opens £70m claim against SFO and top law firm Dechert May 24, 2021 A multi million pound claim against a top City law firm and the Serious Fraud Office for an alleged breach of contract will be heard at the High Court today. Mining firm Eurasian Natural Resources Corporation (ENRC) is suing law firm Dechert and one of its former partners Neil Gerrard for an alleged breach of [...]
Randall and Quilter’s program division posts a profit for the first time May 24, 2021 Randall and Quilter has reported record pre-tax profit after a year of “accelerated growth” with its program management business posting a profit for the first time. The insurance firm reported a record pre-tax operating profit of £16m, an increase of 102 per cent, in the year ended 31 December 2020. Fee income soared 89 per [...]
Marks & Spencer set to buy more food from EU amid border disruption in Northern Ireland May 23, 2021 Marks & Spencer will reportedly start buying more food from the EU as it looks to reshape some of its supply chain amidst chaos on the Northern Ireland border. The retailer is looking to source more products from companies on the Continent as well as from Ireland and Northern Ireland, the Telegraph reported. It comes [...]
