Q&A: what is COP15 and why should investors care? December 1, 2022 The UN biodiversity summit COP15 is taking place in Montreal, Canada, next month. We explain why it matters. COP27, the UN climate summit, is well-known as the world’s biggest conference on climate change. But many people may be unaware of what COP15 is and why it’s important. In this quick Q&A, we look at why [...]
BrewDog gives up B-Corp social and environmental certificate December 1, 2022 BrewDog has given up its B-Corp certificate recognising its social and environmental impact because the organisation which gives it, B Lab, “requested additional measures”. The beer-maker said in an internal statement seen by City A.M., that “we have decided to step aside from our B Corp certification for the time being.” The brand it gave [...]
Brexit: EU ready to ‘double down’ efforts in Northern Ireland Protocol talks December 1, 2022 Brussels is ready to “double down on efforts” to broker a deal on the post-Brexit Northern Ireland Protocol, according to the European Commission’s Vice President. Maros Sefcovic said there is now a “clear window of opportunity” to come to an agreement with the UK, after he spoke with foreign secretary James Cleverly this afternoon. Cleverly [...]
HSBC has ‘moved on’ from exploring Asian business sell off, chief Quinn says December 1, 2022 The HSBC board has “moved on” from exploring selling its Asian business in a move that would have kowtowed to its largest shareholder, the bank’s chief executive said today. Speaking at the Financial Times’s banking summit, Noel Quinn doubled down on his conviction that HSBC should continue to operate as a global bank. Investors “want [...]
Poles apart? EU closes in on Russian oil price cap but awaits Poland’s approval December 1, 2022 The EU is poised to agree a $60 price cap for Russian seaborne oil shipments, with Poland the only remaining holdout.
KPMG to bolster legal services offering through deal with Zico Law December 1, 2022 KPMG has struck a deal to incorporate one of South East Asia’s biggest law firms, Zico Law, into its global partnership. The deal will see Zico Law’s more than 275 lawyers join KPMG’s 2,900-strong legal team. The merger is set to expand KPMG’s footprint in the Asia Pacific region, by extending its legal services offerings [...]
Wizz Air’s boss: Airline not good candidate for M&A December 1, 2022 Wizz Air is not a good candidate for M&A but it will focus instead on organic growth, boss Jozsef Varadi commented. The chief executive’s remarks came in response to a question on whether Wizz would ever consider acquiring rival Easyjet. Easyjet on the other hand recently said it would not rule out any potential takeovers [...]
A question of financial inclusion December 1, 2022 Lord Holmes asked His Majesty’s Government what steps they are taking to increase financial inclusion in England.
Windfall tax hampers investment says OEUK, as Harbour falls off FTSE 100 December 1, 2022 The Government's decision to toughen the windfall tax has made companies and investors "reassess their plans for the future."
China hints at easing ‘zero-Covid’ approach following widespread protests December 1, 2022 China’s stance to Covid-19 is at a crossroad, following mass protests against its zero-tolerance approach to cases of the virus. One of the country’s most senior pandemic response officials said last night that China is entering a “new stage and mission”. According to state media, Sun Chunlan, China’s vice premier, said: “With the decreasing pathogenicity [...]
