Linklaters elects first female senior partner in 183-year history May 12, 2021 Linklaters has elected Aedamar Comiskey as its new senior partner, the first woman to serve in the role since the law firm was established in London in 1838. Comiskey will begin her five-year term on 1 July 2021, when she will succeed current senior partner Charlie Jacobs. Comiskey said: she was “hugely proud” to have [...]
Social media giants could face heavy fines for failing to protect users under new draft legislation May 12, 2021 Ofcom will be given the power to fine companies up to £18m or 10 per cent of annual global turnover for failing to comply with rules published today in a new draft online safety bill. The government has published a new draft bill that will see more stringent rules put in place around social [...]
Vote against Shell’s energy transition strategy, Pirc urges investors May 11, 2021 Shareholder advisory PIRC has recommended investors vote against Shell’s non-binding resolution on its energy transition strategy at its annual meeting next week. The Pensions & Investment Research Consultants (PIRC), a major proxy advisory, said Royal Dutch Shell’s strategy to cut emissions “does not seem to have a clear plan for the competitive aspects of the [...]
Manchester City crowned Premier League champions May 11, 2021 Manchester City were confirmed as Premier League champions with three games to spare after second-placed Manchester United lost 2-1 at home to Leicester City on Tuesday. Pep Guardiola’s City side, who missed the chance to seal the title when they were beaten 2-1 by Chelsea on Saturday, are 10 points clear of United, who also [...]
UEFA moves Champions League final from Istanbul to Porto May 11, 2021 UEFA has moved this month’s Champions League final between Manchester City and Chelsea from Istanbul to Porto, according to Turkish media reports on Tuesday. European football governing body declined to comment on the reports from the media outlets, which included television channel HaberTurk, while Turkish Football Federation officials were not immediately available for comment. Turkey [...]
Queue must be joking: Floridians rush out to panic buy fuel despite being unaffected by pipeline problem May 11, 2021 Long queues for petrol formed in Florida today as locals rushed out to panic buy fuel, despite being largely unaffected by the Colonial Pipeline outage. For the last few days residents in Tallahassee, a city in Floria, have rushed to fill up their vehicles with petrol, causing a local shortage of fuel, news website the [...]
Thyssenkrupp considering IPO or SPAC for hydrogen business, says CEO May 11, 2021 German multinational Thyssenkrupp is considering an initial public offering (IPO) or a deal with a special purpose acquisition company (SPAC) for its hydrogen business, Martina Merz, its chief executive, has said. A 66-34 joint venture of Thyssenkrupp and Italy’s De Nora, Thyssenkrupp Uhde Chlorine Engineers (TKUCE), is the world’s largest supplier of chlor-alkali membrane technologies used to produce hydrogen. In a call [...]
Legal & General backs activist investor over Exxon climate concerns May 11, 2021 Legal & General, one of Exxon Mobil’s major investors, has said it will back an activist hedge fund at Exxon’s shareholder meeting later this month, after the fund raised climate-related concerns about Exxon’s practices. US oil producer Exxon is battling hedge fund Engine No. 1 over four seats on its 12-member board and the direction [...]
More private sector DB pension schemes in surplus than deficit as UK moves toward economic recovery May 11, 2021 The funding of private sector defined benefit (DB) pension schemes in the last year has become healthier, with the number of schemes in surplus greater than those in deficit. Last month, of 5,318 private sector DB schemes, there were 2,622 schemes in deficit and 2,696 in surplus, according to figures from the Pension Protection Fund’s [...]
Posh paint brand Farrow & Ball bought by Danish company in €500m deal May 11, 2021 Luxury paint and wallpaper company Farrow & Ball has been bought by Danish coatings manufacturer Hempel, in a deal that values the paint retailer at around €500m. Hempel bought Farrow & Ball from American private equity group Ares Management Corporation, which reportedly paid £275m for the company in 2014. Today The Financial Times first reported [...]
