HSBC suspends sustainable investing chief over climate change comments May 22, 2022 Bosses at HSBC have scrambled to distance themselves from the firm’s sustainable investing chief after he questioned the need for investors to worry about climate change and asked “who cares if Miami is six metres under water in 100 years?”
Fund managers double down on defensive positions as inflation soars May 22, 2022 Investors are boosting cash holdings and piling into real estate this year as they look to stave off the worst impacts of soaring inflation and market volatility sparked by Russia’s invasion of Ukraine.
Eni plans €2.5bn investment into UK energy sector as calls for windfall tax escalate May 22, 2022 Italian oil major Eni will spend at least €2.5bn in the UK over the next four years, amid growing calls for a windfall tax.
KPMG to make unconscious bias training compulsory for UK staff May 22, 2022 KPMG is set to make unconscious bias training compulsory for its 15,800 staff, just a year after company chairman Bill Michael stepped down from his position after saying he does not believe unconscious bias training works. The auditor’s plan could see staff stripped of their bonuses and come under scrutiny from their bosses, if [...]
Atom Bank eyes US IPO in major snub to London May 22, 2022 UK digital lender Atom Bank is eyeing up a US listing in what will be a major blow to London’s efforts to promote itself as a premier destination for tech IPOs.
Business Secretary backs vital minerals plant to reduce dependency on China May 22, 2022 A proposed rare earth metal processing plant on the Humber is set to receive the backing of Business Secretary Kwasi Kwarteng.
Minister says EU will be responsible for Stormont chaos if it doesn’t rewrite NI Protocol May 22, 2022 The EU will be responsible for indefinite Stormont chaos if it does not agree to rewrite the post-Brexit Northern Ireland Protocol, according to Northern Ireland secretary Brandon Lewis. In a fresh shot at Brussels for its stance on the Northern Ireland Protocol, Lewis said that the EU is putting the Good Friday Agreement at risk [...]
New habits can drive down energy bills suggest industry experts May 22, 2022 Behavioural changes could help drive down spiralling energy bills for struggling households this winter.
Online sales boom: Barclay family resuscitate plans for Very Group £4bn public listing May 22, 2022 The family behind the Telegraph newspapers is thought to be reviving plans for a blockbuster IPO of online retail giant Very Group. The Barclay family are keen to get sidelined plans for a £4bn float back on track, according to a report in The Times. Very Group owns e-commerce brands including fashion retailer Very and [...]
Zahawi: Johnson did not intervene in Sue Gray partygate report May 22, 2022 A senior cabinet minister has said Boris Johnson did not intervene in Sue Gray’s partygate report amid revelations that the Prime Minister met with the senior civil servant to speak about her investigation. Education secretary Nadhim Zahawi today said that “the Prime Minister will never intervene in Sue Gray’s investigation” and that “the Prime Minister [...]
