BP earnings spike after energy prices rocket November 2, 2021 BP has reported soaring earnings in its third quarter results after costs of oil and gas skyrocketed this year. The oil giant reported underlying replacement cost profit of $3.3 bn, compared with $2.8bn for the previous quarter. It credited this result to higher oil and gas realisations, higher refining availability and throughout “enabling the capture of [...]
‘Go green or go home’, City Lord Mayor urges finance industry amid climate talks November 2, 2021 The finance industry “cannot afford to hold back” in pumping capital behind the world’s climate efforts, the City’s Lord Mayor has warned. “The stakes could not be higher,” Lord Mayor William Russell told senior financiers at the Green Horizon Summit. The summit, organised by the City of London Corporation and the Green Finance Institute, has [...]
Standard Chartered pre-tax profits rise 44 per cent November 2, 2021 Standard Chartered pre-tax profits have risen 44 per cent, according to the latest quarterly results announced today. Profit before tax at the British bank rose to $1.08bn, surpassing previous expectations but the bank warned investors to expect an “uneven” economic recovery and its outlook for earnings growth for 2021 remained flat. Chief executive at Standard [...]
London market boosts insurer Hiscox November 2, 2021 Hiscox this morning said its gross premiums written for the first nine months of the year is up 6.1 per cent to to $3.46bn. Its London market did particularly well, with gross written premiums up 7.1 per cent. Huge weather events continue to play a large part in the global insurance and reinsurance market and [...]
BlackRock raises $673m for fund to invest in climate projects November 2, 2021 BlackRock has announced it has raised a target-beating $673m for an infrastructure fund to invest in climate-focused projects like renewable energy in emerging markets. The fund also has backing from the French, German and Japanese governments. The investment manager told Reuters it hoped the Climate Finance Partnership would show how to mobilize private capital in [...]
End of furlough ‘has not led to surge in jobseekers’ November 2, 2021 The end of the multi-billion-pound furlough wage subsidy has not led to a surge in new job-seekers, according to data that suggests unemployment is unlikely to rise sharply and may bolster the case for a Bank of England interest rate hike. Data by recruitment website Indeed, seen by Reuters ahead of publication, shows only a [...]
Small businesses look to COP26 for fiscal support in the great sustainability push November 2, 2021 Small businesses are hoping COP26 will unlock more financial support and policy to help them become more sustainable, according to a new report from the Federation of Small Business (FSB). The majority of small and medium sized enterprises (SMEs) are concerned about climate change, but just one in three have a plan in place to [...]
London is failing to make itself more accessible for those with disabilities November 2, 2021 Children with special education needs and disabilities were given a slice of Rishi Sunak’s spending spree last week, with £2.6bn set to be spent on things like more accessible classrooms. The current disability pay gap is 19.6 per cent. So focusing our energies where the cracks begin to emerge is a no brainer. But for [...]
A fallen tree on a railway scuppered Cop26 travel plans – and that was the high point November 2, 2021 Cop26, billed as our last chance to save humanity, went very well. Within hours of wandering into the summit, borrowing a phrase from Greta Thunberg, comparing himself to James Bond, and reminding cows, once again, that they really shouldn’t burp, Boris Johnson saved the world, repaired tense relations with Europe, put the French and the [...]
Vodafone partners with Dragons’ Den Star Steven Bartlett to give small businesses digital skills November 2, 2021 Vodafone recruits leading entrepreneur and newest BBC Dragons’ Den star Steven Bartlett to reach more small businesses that will benefit from the business.connected free training initiative.
