Ed Miliband: All financial institutions must form climate transition plans by 2023 October 13, 2021 Shadow business secretary Ed Miliband has urged the government to get all financial institutions to form credible climate transition plans by 2023. The plans need to be consistent with the 2015 Paris Agreement which stipulated that to avoid climate disaster, the world must keep global temperature rises to 1.5C. “London is one of the world’s [...]
The Christmas ship may have sailed warn delivery experts post Felixstowe bottleneck October 13, 2021 The Christmas ship might have already sailed, as Felixstowe’s massive bottleneck is causing container ships loaded with Christmas gifts to be redirected towards EU ports. According to home delivery company Parcelhero, the next two weeks will be critical for retailers as shipping companies are doing everything they can to allow warehouses to be fully-stocked in [...]
Putin: Russia is not using gas as a weapon October 13, 2021 Vladimir Putin has dismissed claims that Russia is weaponizing its supplies of natural gas to speed up Germany’s approval of the completed Nord Stream 2 pipeline and to destabilise European energy prices. The Russian president has described the accusations as “politically motivated blather with nothing to support it”. He believed that European governments are looking [...]
Man Group assets hit record $140bn after cash injection October 13, 2021 Hedge fund manager Man Group has received $5.3bn cash, raising its assets to a new record of $139.5bn, the company said in an update to investors this morning. Funds under management rose by three per cent in the third quarter after the Group secured $5.3bn (£3.9bn) worth of cash – the highest quarterly amount in [...]
Letters: the many trains of Scotland October 13, 2021 [Re: Sturgeon’s dismal domestic record has derailed the SNP’s train of separatism, 8th October] It was an odd choice of metaphor with the “derailed train of separatism” for Nicola Sturgeon. Whatever the Scottish government’s other successes and failures, railways, and especially electrifying the Central Belt, are its crowning triumph. From just one rather indirect route [...]
Whisky giant Glenfiddich releases exclusive bottles with NFT authenticity certificates October 13, 2021 Award-winning whisky brand Glenfiddich is set to toast the current crypto craze by selling 15 bottles of a 46-year-old single malt with exclusive NFT certificates.
Release of loan loss reserves and M&A boom lifts JPMorgan profits October 13, 2021 A release of over $2bn in reserves set aside to deal with an expected wave of loan defaults thrusted JPMorgan deep into profitability. The Wall Street giant’s net income for the third quarter climbed to $11.7bn, up $2.2bn from $9.4bn in the same period last year. The investment bank released a wave of reserves after [...]
Rail Passenger Service Contracts to be introduced from November October 13, 2021 The Department for Transport (DfT) has announced that from 4 November Passenger Service Contracts (PSCs) will be introduced for all rail operators. As part of the Williams-Shapps plan for rail, the PSCs will replace the old franchising system where each operator would set timetables, fares and collected revenues on its part of the network. According [...]
No, the traditional suit won’t ‘die’- and here’s why October 13, 2021 We are told that formal dress is dying, its mortal wound inflicted by the pandemic and the lockdown embrace of more casual attire. Certainly there are worrying signs: Marks & Spencer has stopped selling suits in many of its stores, and in the market as a whole sales are down dramatically. I have written in [...]
Vertu exceeds market expectations in six-month results October 13, 2021 Automotive retailer Vertu has exceeded market expectations, registering a £51.8m adjusted profit before tax on revenues amounting to £1.9bn. In the six-month period ending 31 August, the company reported a gross margin of 11.6 per cent as well as a £57.3m net cash flow, compared to £36.5 registered in the first quarter of FY2021. “The [...]
