Standard Chartered to end coal financing by 2032 March 29, 2022 Asia-focused UK lender Standard Chartered said it will end legacy coal financing for its clients by 2032 as it looks to sever its remaining financial ties with the fossil fuel.
Liontrust to scoop up Majedie for £51.4m discount after share price plunge March 29, 2022 London-based asset manager Liontrust will scoop up Majedie Asset Management for £51.4m below the price originally proposed for the deal in December, after the firm’s share price plunged in recent months
Barclays investor offloads £900m and sends shares tumbling after securities slip up March 29, 2022 Shares in Barclays have plunged this morning as a major shareholder offloaded around £900m worth of shares, just one day after a slip up on securities selling saw it book a £450m hit.
AIG lines up IPO for retirement division as it inks $150bn deal with BlackRock March 29, 2022 US insurance giant AIG is lining up an IPO for its life insurance and retirements business which is expected to fetch a valuation of more than $20bn.
Digital Minister pushes UK tech as sector sails past $1tn valuation March 29, 2022 Digital minister Chris Philp has called today for UK institutional investors to step up and back homegrown tech firms, as government mulls a number of changes to regulation which could unlock a wave of investment from insurance and pension funds.
Credit Suisse slashes Russian exposure as lawmakers probe sanction compliance March 28, 2022 Scandal-stricken bank Credit Suisse has announced it will stop pursuing new business in Russia and slash its current exposure to the country, as it comes under fire from US lawmakers over potential breaches of sanctions rules.
Cornish Metals gets £40.5m backing to revive tin production March 28, 2022 Cornish Metals has bagged a £40.5m funding injection as it looks to revive tin production at one of the county’s iconic tin mines.
Shapps looks to strong arm P&O with minimum wage law changes March 28, 2022 Ministers are hatching plans to try and strong arm beleaguered ferry firm P&O into rehiring the 800 workers it unceremoniously sacked this month.
Private equity giants snap up women’s health firm Theramex for £1.2bn March 28, 2022 Investment giants Carlyle Group and PAI Partners have agreed a deal to snap up women’s pharma business Theramex from CVC Funds as they look to accelerate the firm's growth plans.
Scottish Widows slashes $2bn of tobacco and coal investments over ‘stranded assets’ fears March 28, 2022 Pensions giant Scottish Widows has announced it will scrap nearly $2bn of tobacco and coal investments over fears that they will become “stranded assets”, as investors and consumers increasingly shun the sectors.
