UK generated a record 83 days of electricity without coal in 2019 January 7, 2020 In 2019 the UK recorded 83 days when no coal was used to generate electricity, almost four times as many as in 2018. The UK’s first fossil free day for electricity came in 2017, when there were only two such days, demonstrating how far renewables generation has come in a short period of time. Read [...]
Prince Charles to call on business leaders to spearhead push for climate solutions January 6, 2020 Prince Charles will make a keynote speech at this year’s World Economic Forum meeting in which he will call on leading international figures to lead the transition to a sustainable economy. The Prince of Wales will use his speech to officially launch his Sustainable Markets Council. Read more: Mark Carney warns financial sector over climate [...]
‘Don’t be evil’: Google abandoned motto and lost its way, says former exec January 6, 2020 Google’s former head of international relations has hit out at the company’s human rights record and corporate culture in a blog post detailing why he left the tech giant. Ross LaJeunesse, who left Google in May last year after 11 years at the firm, claimed that “standing up for for women, for the LGBTQ community, [...]
Equinor aims for 40 per cent emissions cut by 2030 January 6, 2020 Norway’s state-owned oil company Equinor has announced plans to slash fossil fuel emissions by 40 per cent by 2030, with aims to get close to net zero by 2050. To achieve its 2030 target the firm will have to make annual cuts of more than 5m tonnes of emissions, roughly 10 per cent of the [...]
Glimmers of hope for Pandora after shares jump as firm meets forecast January 6, 2020 Shares in Danish jeweller Pandora leapt 11 per cent today after the firm confirmed that it would meet its 2019 sales and profit guidance. In a trading update, the company said it expected like-for-like sales to fall four per cent in the fourth quarter and eight per cent for the whole of 2019. Read more: [...]
Brewdog opens first alcohol-free bar as dry January kicks off January 6, 2020 As millions of people give up alcohol for “dry January”, independent brewery Brewdog is set to give them a helping hand by opening its first ever alcohol-free bar today. The so-called AF bar, which is located on Old Street, offers 15 taps of draft alcohol-free craft beer – perfect for those who may have overindulged [...]
UK hotel insolvencies hit five-year high in 2019 January 6, 2020 UK hotel insolvencies hit their highest levels in five years in 2019, rising 60 per cent year on year to hit 144. According to accountants UHY Hacker Young, the slowing UK economy is to blame for the rise, as businesses have been forced to cut back on conferences and corporate away days, a key source [...]
Rupert Murdoch’s News Corp to sell ad platform Unruly to Tremor January 5, 2020 Rupert Murdoch’s News Corp will sell the video advertising company Unruly to advertising technology firm Tremor at a huge discount. News Corp, which owns media brands such as the Times, Harper Collins, and Dow Jones, will receive a small stake in Tremor in return. Read more: Murdoch gets green light for merger of the Times [...]
Premier Oil hires Rothschild as loan repayment deadline looms January 5, 2020 North Sea explorer Premier Oil has hired Rothschild bankers as the firm nears a deadline to pay back nearly £2bn in loans. The Sunday Telegraph first reported that a number of hedge funds, including Asia Research and Capital Management (ARCM), have bought $90m debt from Premier backer Barclays in recent weeks. Read more: Premier Oil [...]
Daimler to recall 744,000 Mercedes-Benz cars in US due to faulty sunroofs January 5, 2020 German carmaker Daimler has announced that it will recall nearly 750,000 Mercedes-Benz vehicles in the US due to fears that the sunroof glass panel could detach and become a threat. The recall covers over two dozen models from 2001 to 2011, including the C-Class, CLK-Class, CLS-Class and E-Class. Read more: Mercedes-Benz owner Daimler to cut [...]
