Explainer-in-brief: Finally putting Net Zero into action May 9, 2022 The Queen’s Speech, taking place tomorrow, will set out the government’s agenda for the next year. It will include an energy bill focused on speeding up the path towards net zero. Proposals are expected to include measures to decarbonise the electricity grid by 2030. The bill should also include the creation of a system operator [...]
Private equity firms dismiss Brexit concerns in European investment surge May 9, 2022 UK private equity firms shrugged off Brexit concerns and went on the offensive in Europe last year as acquisitions of corporates on the continent jumped 80 per cent, fresh data has revealed.
Ideagen agrees to £1.09bn takeover offer from London private equity firm May 9, 2022 UK software company Ideagen has agreed to a £1.09bn all-cash takeover offer from London-based private equity firm Hg.
1 Minute Market Rundown – 9th May 2022 May 9, 2022 Path of Least Resistance Remains Lower Economic Slowdown Main ConcernUSD Remains King Friday’s highly anticipated NFP print did little to stop the rot as risk markets continue to remain on the backfoot. Stocks have fallen yet again today and the greenback has climbed higher as the market continues to focus on a potential economic slowdown [...]
Barclays leverages Luxembourg deal to avoid nearly £2bn in tax May 9, 2022 British lender Barclays has avoided almost £2bn in tax by booking profits through tax haven Luxembourg for more than a decade, according to reports.
Seize Russian assets to pay for Ukraine damage, says EU official May 9, 2022 A senior EU official has proposed seizing frozen Russian reserves to cover the costs of rebuilding war torn Ukraine.
Flower Power: Network Rail to boost travellers’ mental health with flower compositions May 9, 2022 Network Rail has announced it will start displaying flower compositions in UK train stations as a way to boost travellers’ mental health. While the railway operator hopes it will “lift people’s spirits,” the Better Journeys’ initiative aims to raise awareness of the Hub of Hope app, which helps people access mental health support. Installations will [...]
London-listed HydrogenOne injects £20m into fuel cell firm May 9, 2022 Energy investment vehicle HydrogenOne has pumped £20m into a fuel cell firm today as it looks to spur the development of emission-free electricity.
Snapchat’s UK boss Ed Couchman: Snap looks to snap back May 9, 2022 Five years ago, Snapchat’s parent firm Snap floated on the New York Stock Exchange in what was hailed as a milestone for the once-disruptor in the social media landscape. The plucky underdog – at least compared to other messaging and social media apps – listed at $24 a share in an IPO twelve times oversubscribed. [...]
Wildcat Petroleum obtains permit to drill off coast of Sierra Leone May 9, 2022 Petroleum company Wildcat Petroleum has obtained the permit to conduct reconnaissance operations off the coast of Sierra Leone. Under the agreement, Wildcat will be able to drill 20 offshore petroleum blocks to identify those which yield “commercially viable oil finds.” The non-exclusive permit doesn’t give the British company pre-emptive rights, forcing it to enter negotiations [...]
