Government missing its targets on climate change, advisers warn July 10, 2019 The government’s own advisers today warned that it is not going far enough in the battle against global warming. The Committee on Climate Change (CCC) said ministers may be left with egg on their face if they host the UN’s next climate change conference without getting their own house in order. Read more: A citizens’ [...]
Deadline extended for Barrick’s Acacia bid July 9, 2019 Barrick Gold has said it needs more time to firm up its indicative offer for Acacia Mining. The Canada-based gold miner now has until 19 July to form make a proposal to investors holding the 36.1 per cent of Acacia shares it does not yet own. Read more: Acacia production bounces after shareholder opposes Barrick [...]
BASF profit warning sparks European chemicals spill July 9, 2019 Chemicals stocks weighed on European markets today as German giant BASF warned on profits in the wake of the US-China trade war. The company did worse than the already gloomy predictions from analysts, who had not bought its insistence in May that operating profit would grow. The firm had forecast growth at the lower end [...]
Wind sector set to add enough capacity to power Britain each year July 8, 2019 The world is set to add enough wind turbines to more than power Britain’s at peak demand each year, new analysis shows. Consultancy Wood Mackenzie today said that global wind producers are expected to bring 71 gigawatts (GW) of capacity online each year until 2023. Read more: The answer to the UK’s renewable energy future [...]
Up in smoke: Imperial Brands to put breaks on dividend July 8, 2019 British tobacco giant Imperial Brands is set to abandon its ten per cent dividend growth target as it focuses on catching the vaping market. The news came alongside a £200m share buyback, sending the company soaring on the London exchange. Read more: Puffed – Imperial Brands shares drop on vaping slowdown Shares rose 2.74 per [...]
Lidl plans 500 new jobs in Scotland July 8, 2019 Supermarket chain Lidl is planning to hire 500 new people in Scotland across 12 new stores, it announced this morning. The low-cost grocer will add to its 98 stores across the country. It is already building new sites at Dundee, Cowdenbeath, Larkhall, Dumbarton and East Kilbride. Read more: Lidl unveils £500m London expansion plan for [...]
Acacia production bounces after shareholder opposes Barrick takeover July 8, 2019 Acacia Mining saw a bounce in production last quarter, the company said this morning, as a takeover battle for the gold firm heated up. Acacia, which mines in Tanzania, said that production shot up by 51 per cent compared to the three months prior. Read more: Shareholder Barrick ‘undermined’ our efforts to negotiate $190bn tax [...]
Firms spend £4.4bn as skills shortage bites July 8, 2019 Most employers in the UK have struggled to find skilled staff in the last year, a new study reveals today. The shortage has forced British firms to spend £4.4bn on temps, higher salaries, recruitment fees and training. Data from the Open University shows that 68 per cent of employers have struggled to find the right [...]
Rat race: City workers scramble as new jobs numbers halve July 8, 2019 City workers had to fight harder for new jobs last quarter as the amount of available opportunities halved. Research shows that the number of available jobs decreased 50 per cent year-on year, and 33 per cent quarter-on-quarter. Meanwhile, jobseekers fell by 22 per cent. It contrasts against the technology sector, which has 60 per cent [...]
Mitie boss doubles pay in tough sector as turnaround ‘bears fruit’ July 7, 2019 Mitie boss Phil Bentley doubled his remuneration last year after two years of saying no to bonuses. The outsourcing chief executive was paid £2.2m over the year. He was given a £900,000 base salary and a pension of £180,000. These were both unchanged from the 2018 financial year. Meanwhile, finance chief Paul Woolf, who joined [...]
