TCI threatens investors over climate change as pressure mounts on sector December 2, 2019 Activist hedge fund TCI has called on company directors to disclose their carbon dioxide emissions or risk punishment. According to the Financial Times, TCI, which is led by venture philanthropist Sir Christopher Hohn, has sent letters to companies such as Airbus and Moody’s warning them to improve their pollution disclosure or face having their directors [...]
Nomura chief executive steps down after seven years in the role December 2, 2019 Japanese investment bank Nomura today announced that chief executive Koji Nagai, who has led a seven-year restructuring effort, will step down. According to a statement from the group, Nagai will be replaced by current chief operating officer Kentaro Okuda on 1 April. Read more: Japanese investment bank Nomura cuts around 100 jobs in the City [...]
Asian stocks climb as Chinese manufacturing PMI beats expectations December 2, 2019 Major Asian markets showed gains on December’s first trading day after a welcome surprise from Chinese factory data. The Nikkei 225 rose one per cent on Monday, its highest increase in a month, as data showed that Chinese manufacturing and domestic demand grew, suggesting Beijing’s stimulus measures are beginning to have an effect. Read more: [...]
Commuters set for 27 days of misery as South Western Railway strikes start December 2, 2019 Workers on South Western Railway (SWR) have today begun a 27-day strike after talks between the RMT union and the train operator came to nothing. Commuters are set for extensive disruption throughout the Christmas period due to the action, which is the result of a long-running dispute about the role of guards on trains. Read [...]
European parliament declares worldwide climate emergency ahead of UN summit November 28, 2019 The European parliament today declared a worldwide “climate emergency” in a non-binding vote ahead of December’s UN climate summit. Lawmakers voted in favour of the resolution with 429 for the motion, 225 against and 19 abstaining. Read more: No emissions peak in sight as greenhouse gas levels hit record high The declaration calls on the [...]
Jadestone doubles quarterly revenue as production amps up November 28, 2019 Independent oil and gas explorere Jadestone doubled their revenue for the third quarter year on year as production rose at its Montara well in Australia. Read more: Jadestone Energy shares soar on the back of New Zealand purchase The figures Revenue for the quarter was $62.5m, nearly double the same period in 2018, when it [...]
Immupharma shares take off as firm signs US lupus deal November 28, 2019 Specialist drug developer Immupharma rose almost 300 per cent today on the back of an exclusive US licensing deal for Lupuzor, its flagship treatment for autoimmune disease lupus. The deal with Avion Pharmaceuticals will see Immupharma receive $70m (£54.1m) in milestone payments. Read more: GSK continues pharmaceuticals push with £1.1bn vaccines sale Shares in the [...]
Saudi Aramco IPO on track as retail tranche oversubscribed November 28, 2019 Retail orders for Saudi Aramco’s upcoming initial public offering (IPO) have reached 38.1bn Saudi riyals (£7.9bn), surpassing expectations for this section of the float. Aramco had set aside one third – roughly a billion – of the shares in its 1.5 per cent offering for retails investors, but lead manager Samba Capital announced today that [...]
Man City owner CFG buys majority stake in India’s Mumbai FC November 28, 2019 City Football Group (CFG), the Abu Dhabi company which owns Manchester City, has signed a deal to purchase a 65 per cent stake in India’s Mumbai City FC. The acquisition means that CFG will own stakes in eight football clubs, including majority stakes in New York City FC and Melbourne City. Read more: Silver Lake [...]
Npower loses over 260,000 customers in the third quarter of 2019 November 28, 2019 Big Six energy supplier Npower lost 261,000 customers in the third quarter of 2019, as large providers continue to haemorrhage clients to smaller challenger brands. The figures take total customer losses for the year for the company, which is owned by German power giant Innogy, to 447,000. Read more: 5m customers switch energy supplier in [...]
