It’s time to recognise our businesses would benefit from devil’s advocates May 27, 2022 As corporate speeches go, it was eventful. Last week, Stuart Kirk, head of responsible investing at HSBC’s asset management division, delivered a provocative speech entitled “why investors need not worry about climate risk.” One week and a media storm later, Mr Kirk is no longer a head of responsible investing. Instead, he has been suspended, [...]
Seeing is believing: young girls need more female role models in business to look up to May 27, 2022 Ensuring that anyone with potential can get on in life makes good business sense. It means that women should have the same opportunities as men to start their own businesses and be represented at every level. Despite female-founded SMEs contributing around £85bn of the UK’s economic output each year, there is still much more to [...]
End of EU research funding will choke off UK deeptech, top professor warns May 27, 2022 An end to European research funding for UK universities could choke off a stream of so-called deeptech startups from attracting investment and making it to market, an expert has told City A.M.
To understand what London needs, we should look at the history of spatial poverty May 27, 2022 In the “Republic”, Plato wrote that “any city, however small, is in fact divided into two, one the city of the poor, the other of the rich”. This still rings painfully true today, especially if the city in question is London. The capital is a uniquely unequal place: it hosts some incredibly wealthy people, as [...]
Letters: Comfort through stories May 27, 2022 Dear Editor, thousands of children have arrived in our communities over the last few months, separated from their loved ones and belongings. They may not be able to attend school straight away, so they need support with their education. Language barriers may also leave them feeling isolated. The Bookmark Reading Appeal is seeking to raise [...]
Costs of EV rapid charging increases by a fifth following surge in energy prices May 27, 2022 The cost of rapidly charging an electric vehicle (EV) has increased by a fifth in the last eight months due to soaring energy prices. Data from automotive insurance company RAC reported that since September public rapid chargers have increased their rate by 7.81p per kilowatt hour (kWh) to 44.55p kWh. This means that completing an [...]
UK signs first US state-level trade deal with Indiana May 27, 2022 The UK will today sign its first US state-level trade deal, with an agreement to be inked with Indiana. The “trade and economic development Memorandum of Understanding” with Indiana aims to cut red tape for British firms wanting to trade, or operate, with the Midwest state. The deal will not lower tariffs or quotas on [...]
Another wasted crisis as government shows no appetite for growth May 26, 2022 It has become fashionable to say in recent months that principles don’t seem to matter in British politics anymore. Most of that criticism is in the aftermath of a partygate scandal that, for all of its jaw-dropping detail, is not of grand importance in the scheme of things. We will now lay that criticism at [...]
Buy-now pay-later payments surge to $120bn after e-commerce take-up May 26, 2022 Payments via buy-now pay-later products (BNPL) rocketed to $120bn last year after a surge in adoption by e-commerce giants like Amazon and Shopify, fresh data has revealed.
Companies should brace themselves for an avalanche of climate lawsuits, lawyers say May 26, 2022 London listed companies should brace themselves for an avalanche of climate related lawsuits, as shareholders and NGOs increasingly resort to litigation over climate related financial risks, lawyers have said. Investors are increasingly suing companies for breaching their fiduciary duties, over their failures to limit their exposure to climate risks, Fiona Huntriss, a partner at London [...]
